1500 Ocean Bay Drive B3, Key Largo, FL 33037

$819,900

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 748 Status: Active

Current Price: $819,900 List Date: 12/19/2025 Last Modified: 3/31/2026

Description

One of the very few properties in Key Largo that allows daily rentals, making it a highly desirable business opportunity for passive income. The property has the ability to generate over $100,000 annually. Ideally located directly in front of the pool, it offers a beautiful view of the saltwater lagoon and resort-style pool, enhancing both guest appeal and rental demand.

More Information MLS# 617764

Contract Information

Listing Board: Florida Keys As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: No Current Price: $819,900 Listing Date: 2025-12-19 List Price: $819,900

Location, Tax & Legal

Unit #: B3 City: KEY LARGO Off Shore Island: No Mile Marker: 100 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE Alternate Key #: 1102644 Handicap Access: No Parcel #: 00090491-000203 Zoning: UR - Urban Residential Distrit Deed Restrictions: No Legal: UNIT 3 KAWAMA YACHT CLUB OF KEY LARGO PHASE ONE SEC ONE BLDG B OR686-798 OR1984-1033 OR2558-1019 OR2940-0643 OR3288-1338 Taxes: 5701.85 Tax Year: 2025 Pub Sewer HkUp: Yes Street #: 1500 Street Name: Ocean Bay Street Suffix: Drive Key/Island: Key Largo State/Province: FL Zip Code: 33037 County: Monroe Subdivision: Kawama Yacht Club (100.0) Area: 27 - Key Largo MM 97-107

General Property Description

Realtor.COM Type: Residential - Condo/Townhouse Waterfront: No Control Depth: 0 Lot Size: 0 Lot SqFt: 0 Pool: Yes Total Units: 0 SqFt Source: Tax Records Rentals Allowed: Yes Min Rental Days: 1 Style: Townhouse Year Built: 1975 Living Apx SqFt: 748 Total Bedrooms: 2 Full Baths: 2 Total Baths: 2

Remarks & Misc

Remarks – Consumer: One of the very few properties in Key Largo that allows daily rentals, making it a highly desirable business opportunity for passive income. The property has the ability to generate over $100,000 annually. Ideally located directly in front of the pool, it offers a beautiful view of the saltwater lagoon and resort-style pool, enhancing both guest appeal and rental demand.

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Association Fee $: 850 Maintenance Fee $: 385 Assoc/Mnt Fee Per: Monthly

License Info

# of City License: 1 # of County License: 1 Transient Rntl Licns: Yes

Fee Includes

Building Insurance: 1 Cable: 1 Common Area Mnt: 1 Sewer: 1

Dockage

First Come Dock: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Ice Machine: 1 Microwave: 1 Oven: 1 Range: 1 Stainless Steel Appliance(s): 1 Trash Compactor: 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Waterfront

Lake Front: 1

Waterview

Lake View: 1

Floor

Tile: 1

Neighborhood Feature

Beach: 1 Community Boat Ramp: 1 Community Dockage: 1 Community Pool: 1 Manager on Premises: 1 Tennis Courts: 1

Interior Features

Built-in Cabinets: 1 Drapes/Blinds Incl: 1 Quartz Countertops: 1 Smoke Alarms: 1 Window Treatments: 1

Building Style

A-Frame: 1 Above Flood: Yes Townhouse: 1

Windows/Doors

Impact Rstnce Doors: 1 Impact Rstnce Window: 1

Vehicle Storage

Open Parking: 1 Off Street Parking: 1

Security

Manned Gate: 1

Construction

CBS: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Furnished: 1

Terms

Cash: 1 Conventional: 1 Other Specify: 1

Utilities

Cable Available: 1 Municipal Sewer: 1

Porch/Balcony

Open Porch/Balcony: 1 Patio: 1 Screened P/B: 1

Title

Title Ins - Buyer: 1

Exterior Features

Built-in Grill: 1 Chickee Hut: 1 Gazebo: 1 Lighting: 1 Outdoor Kitchen: 1 Rain Gutters: 1 Sandy Beach: 1 Tennis Court(s): 1

Pool Info

In Ground: 1

Pre-Wired

Cable: 1

Roof

Metal Roof: 1

Financial Status

Auction: No Bank Owned: No Potential Short Sale: No Standard Sale: Yes

Accessibility Feat

None: 1

GF-Interior Features

Dual Flush: 1 Programmable Thermst: 1 Tankless Hot Wtr Htr: 1

Status Change Info

Status: Active

Property Features

Fee Includes: Building Insurance; Cable; Common Area Mnt; Sewer Tax Exemptions: None Waterfront: Lake Front Waterview: Lake View Dockage: First Come Dock Building Style: A-Frame; Townhouse Vehicle Storage: Off Street Parking; Open Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Utilities: Cable Available; Municipal Sewer Interior Features: Built-in Cabinets; Drapes/Blinds Incl; Quartz Countertops; Smoke Alarms; Window Treatments Pre-Wired: Cable Appliances: Dishwasher; Dryer; Ice Machine; Microwave; Oven; Range; Stainless Steel Appliance(s); Trash Compactor; Washer Exterior Features: Built-in Grill; Chickee Hut; Gazebo; Lighting; Outdoor Kitchen; Rain Gutters; Sandy Beach; Tennis Court(s) Accessibility Feat: None Pool Info: In Ground Construction: CBS Floor: Tile Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Beach; Community Boat Ramp; Community Dockage; Community Pool; Manager on Premises; Tennis Courts Security: Manned Gate Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; Other Specify Title: Title Ins - Buyer GF-Interior Features: Dual Flush; Programmable Thermst; Tankless Hot Wtr Htr

Listing Office: Pedrin of Miami Realty, Inc.

Last Updated: March - 31 - 2026

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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