• Home
  • 1500 Ocean Bay Drive F5, Key Largo, FL 33037 (MLS# 619210)

1500 Ocean Bay Drive F5, Key Largo, FL 33037

$845,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 918 Status: Active
Current Price: $845,000 List Date: 3/26/2026 Last Modified: 4/08/2026

Description

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. This unit is managed by a local property manager. Rentals on the books will transfer to new buyer. Built in rental income!

More Information MLS# 619210

Contract Information

Listing Board: Florida Keys Current Price: $845,000 Listing Date: 2026-03-26 List Price: $845,000

Location, Tax & Legal

Unit #: F5 City: KEY LARGO Mile Marker: 100 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE Alternate Key #: 1102946 Parcel #: 00090491-000605 Zoning: UR - Urban Residential Distrit Deed Restrictions: Yes Legal: UNIT 5 KAWAMA YACHT CLUB OF KEY LARGO PHASE ONE SEC ONE BLDG F OR739-36 OR766-1407 OR781-1444 OR798-2173 OR835-1067 OR87 Taxes: 5999.38 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: Yes Control Depth: 0 Lot Size: X Lot SqFt: 0 Unit/Complex: Complex Pool: Yes Total Units: 0 SqFt Source: Property Data Card Rentals Allowed: Yes Min Rental Days: 1 Style: Townhouse Year Built: 1975 Living Apx SqFt: 918 Total Bedrooms: 2 Full Baths: 2 Total Baths: 2

Remarks & Misc

Remarks – Consumer: 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. This unit is managed by a local property manager. Rentals on the books will transfer to new buyer. Built in rental income!

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Condo Doc's: Yes Association Fee $: 850 Maintenance Fee $: 350 Assoc/Mnt Fee Per: Monthly

Fee Includes

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

Dockage

Boat Ramp: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Microwave: 1 Oven: 1 Refrigerator: 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Central Air: 1

Heating

Central: 1

Waterfront

Oceanfront: 1

Waterview

Ocean View: 1

Floor

Tile: 1

Interior Features

Granite Counter Top: 1

Property Condition

Updated/Remodeled: 1

Building Style

Above Flood: Unknown Townhouse: 1

Windows/Doors

Single Hung Windows: 1

Vehicle Storage

Open 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

Utilities

Cable Available: 1 FKAA: 1 Municipal Sewer: 1

Porch/Balcony

Open Porch/Balcony: 1 Roof Top Deck: 1 Screened Patio: 1

Pool Info

In Ground: 1 Heated: Yes

Roof

Metal Roof: 1

Shutters

Panel: 1

Status Change Info

Status: Active

Property Features

Fee Includes: Building Insurance; Cable; Common Area Mnt; Security; Sewer Tax Exemptions: None Waterfront: Oceanfront Waterview: Ocean View Dockage: Boat Ramp Property Condition: Updated/Remodeled Building Style: Townhouse Vehicle Storage: Open Parking Furnished: Furnished Cooling: Central Air Heating: Central Utilities: Cable Available; FKAA; Municipal Sewer Interior Features: Granite Counter Top Appliances: Dishwasher; Dryer; Microwave; Oven; Refrigerator; Washer Pool Info: In Ground Construction: CBS Shutters: Panel Floor: Tile Roof: Metal Roof Pets: Pets Allowed Security: Manned Gate Land Size: Less Than 1/4 Acre Terms: Cash; Conventional

Room Information

Full Bathroom Level: Main
Listing Office: American Caribbean Real Estate, Christie's International Real Estate
Last Updated: April - 08 - 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.

Let’s Connect

      Sign Up for Listing Alerts