1500 Ocean Bay Dr F5 Key Largo, FL $ 845,000
1500 Ocean Bay Dr F5
$ 845,000
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1500 Ocean Bay Dr F5

Key Largo, FL, 33037
$ 845,000
Bedrooms2 Baths2.0 Sq 918

Monthly Estimate*

$ 5,203

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Condo for sale in Key Largo, FL

for $845,000 with 2 bedrooms and 2 full baths. This 918 square foot condo was built in 1975.

Ready to go rental unit! Nightly rentals are permitted. New furniture, newer appliances, ready for your renters. Step into the kitchen, a culinary haven boasting modern appliances, sleek granite countertops, and a comprehensive array of essentials, ensuring every meal is a delight. The inviting living room offers a comfortable sofa, which effortlessly transforms into additional sleeping space, accommodating even more guests. This unit has everything you need to be a successful investment property. 3 covered patios, open upper deck to watch the sunset. This unit is located on the swimming lagoon with a beach. Enjoy the community pools, tennis courts, playground and a marina with a boat ramp. There is also room for boat trailer storage. This is a gated community with 24-hour security. You can reach several local restaurants by golf cart with never driving on US1. Key Largo Park is also an easy golf cart ride away, play pickle ball, tennis or enjoy the kid's area. This unit has everything you need to use for your own enjoyment and generate an income when you are not using it.

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Condo Active

Price

$ 845,000

Bedrooms

2

Full Bath

2

Property Type

Condo

Taxes

$ 5,999

Style

Year Built

1975

Town/City

Key Largo

County/Region

Monroe

MLS | Web ID

A11991691

Features
General
Heating Central
Cooling Central Air
Possession Close Of Escrow
Appliances Dryer Dishwasher Microwave Refrigerator Washer
HOA Fee 850
Garage Spaces 0
Association Fee Includes Common Areas Maintenance Grounds Maintenance Structure
Patio/Porch Features Balcony Deck Open Porch Screened
Architectural Style None
Pool Features Association
Security Features Security Guard
Restrictions Daily Rentals Allowed
Construction Materials Block
Pets Allowed Conditional Yes
Year Built 1975
View Lagoon
Unit Number F5
Property Subtype Condominium
Tax Year 2025
Waterfront Features Lagoon Ocean Front
Assoc Fee Paid Per Monthly
County Monroe
Property Type Residential
Association Amenities Pool Tennis Court(s)
Subdivision Name KAWAMA YACHT CLUB
Garage Y/N false
Total Rooms 0
Full Baths 2
Special Listing Conditions Listed As-Is
Status Active
Directions There is a guard gate with 24 hr security. Go through the gate turn right and follow the buildings around to F5
City Key Largo
Entry Location 2
Senior Community Y/N false
MLS Area 98 Florida Keys
Lot Size Units Square Feet
Carport Spaces 0
Carport Y/N false
Listing Terms Cash Conventional
Property Attached Y/N true
Year Built Details Effective Year Built
Tax Annual Amount 5999
MLS Area Minor Other Geographic Area (Out Of Area Only)
Lease Considered Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11991691
Standard Status Active
Occupancy Type Vacant
Property Sub Type Additional Condominium
Legal Description UNIT 5 KAWAMA YACHT CLUB OF KEY LARGO PHASE ONE SEC ONE BLDG F OR739-36 OR766-1407 OR781-1444 OR798-2173 OR835-1067 OR871-808 OR1333-1030 OR
HOA Fee 3 350
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Interior
Interior Amenities First Floor Entry Upper Level Primary
Flooring Ceramic Tile Vinyl
Furnished Y/N Furnished
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
Total Bedrooms 2
Entry Level 2
Total Baths 2
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Exterior
Exterior Amenities Balcony Deck Enclosed Porch Porch
Parking Features Guest Open RV Access/Parking
Building Area Total 1510
Waterfront Y/N true
Covered Spaces 0
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* Excluded Features
List By
American Caribbean Real Estate

Broker

amy@americancaribbean.com

Email

Affordability Calculator

$5,703
Per Month
91%
9%
0%
Monthly Principal & Interest
$5,203
Monthly Property Taxes
$500
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/30/2026$845,000 Listed Price

Map


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1500 Ocean Bay Dr F5, Key Largo, FL, 33037 is a Condo for sale at $845,000 with 918 sqft. 1500 Ocean Bay Dr F5 has 2 bedrooms, 2.0 baths, and was built in 1975. The property's zip code is 33037 which is in Key Largo, FL