1500 Ocean Bay Drive H5, Key Largo, FL 33037

$774,500

Virtual Tour

https://www.youtube.com/watch?v=PFCEBtLSjLQ

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 918 Status: Active

Current Price: $774,500 List Date: 4/06/2026 Last Modified: 5/21/2026

Description

REDUCED !!!!! GREAT DEAL!!! Welcome to Unit H5 at Kawama Yacht Club -- a beautifully updated 2-story, 2 bed / 2 bath townhouse offering 918 sq ft of turnkey living space. Adjacent to the pool area with serene lagoon views, this fully furnished unit is vacation rental-friendly with proven income history. Located in a gated oceanfront community with premium amenities including: 2 Swimming pools Private saltwater lagoon for kayaking, swimming & beach relaxation Large tiki hut for events & gatherings Tenis/ Pickle Courts Private marina with deeded slips Oceanfront grills & firepits HOA covers exterior maintenance, insurance, pest control & more. Weekly rentals allowed. Minutes from top fishing, diving, and dining spots -- live the Key Largo lifestyle or invest in paradise! Text Listing agent for showings

More Information MLS# 616611

Contract Information

Listing Board: Marathon/Lower Keys As is Rght to Inspct: Yes Current Price: $774,500 Listing Date: 2025-09-22 List Price: $774,500

Location, Tax & Legal

Unit #: H5 City: KEY LARGO Mile Marker: 100 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE,AE Alternate Key #: 1103161 Handicap Access: Yes Parcel #: 00090491-000805 Zoning: MF - Multi-Family Attached Deed Restrictions: No Legal: UNIT 5 BLDG H KAWAMA YACHT CLUB OF KEY LARGO PHASE ONE SEC ONE OR681-738 OR770-73 OR1530-1598 OR2856-1198/99 Taxes: 3706.87 Tax Year: 2024 Pub Sewer HkUp: No Street #: 1500 Street Name: Ocean Bay Street Suffix: Drive Key/Island: Key Largo State/Province: FL Zip Code: 33037 County: Monroe Subdivision: Kawama (100.0) Area: 27 - Key Largo MM 97-107

General Property Description

Realtor.COM Type: Residential - Condo/Townhouse Waterfront: Yes Control Depth: 8 Lot SqFt: 0 Unit/Complex: Unit Pool: Yes Total Units: 0 SqFt Source: Property Data Card Rentals Allowed: Yes Floor Number: 1 Style: Condo Year Built: 1975 Living Apx SqFt: 918 Total Bedrooms: 2 Full Baths: 2 Total Baths: 2

Remarks & Misc

Remarks – Consumer: REDUCED !!!!! GREAT DEAL!!! Welcome to Unit H5 at Kawama Yacht Club -- a beautifully updated 2-story, 2 bed / 2 bath townhouse offering 918 sq ft of turnkey living space. Adjacent to the pool area with serene lagoon views, this fully furnished unit is vacation rental-friendly with proven income history. Located in a gated oceanfront community with premium amenities including: 2 Swimming pools Private saltwater lagoon for kayaking, swimming & beach relaxation Large tiki hut for events & gatherings Tenis/ Pickle Courts Private marina with deeded slips Oceanfront grills & firepits HOA covers exterior maintenance, insurance, pest control & more. Weekly rentals allowed. Minutes from top fishing, diving, and dining spots -- live the Key Largo lifestyle or invest in paradise! Text Listing agent for showings

Association Info

Mandatory Home Owners Asc: Yes Voluntary Home Owners Asc: No 1st Right of Refusal: No Condo Doc's: Yes Assoc Approval Req: No Association Fee $: 771 Maintenance Fee $: 385 Assoc/Mnt Fee Per: Monthly

Fee Includes

Bldg Exterior Mnt: 1 Building Insurance: 1 Cable: 1 Common Area Mnt: 1 Exterminating: 1 Security: 1 Sewer: 1 Water: 1 Other: 1

Dockage

Boat Ramp: 1 Other Dockage: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Freezer: 1 Ice Machine: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Heating

Central: 1 Electric: 1

Waterfront

Oceanfront: 1 Salt Ponds: 1

Waterview

Salt Ponds: 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

Drapes/Blinds Incl: 1 Granite Counter Top: 1

Property Condition

Updated/Remodeled: 1

Building Style

Above Flood: Unknown Stories: 2 Stories Townhouse: 1

Windows/Doors

Aluminum Windows: 1 Single Hung Windows: 1 Sliding Glass Doors: 1

Vehicle Storage

Guest Parking: 1 Open Parking: 1 Trailer Storage: 1

Security

Electric Gate: 1 Manned Gate: 1 Patrolled Area: 1

Construction

CBS: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Furnished: 1

Terms

Cash: 1 Conventional: 1

Utilities

Cable Available: 1 Elect Separate Meter: 1 Water Separate Meter: 1

Porch/Balcony

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

Exterior Features

Chickee Hut: 1 Sandy Beach: 1 Tennis Court(s): 1

Pool Info

In Ground: 1

Pre-Wired

Cable: 1 Optical: 1

Roof

Metal Roof: 1

Shutters

Accordion: 1

Status Change Info

Status: Active

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Exterminating; Security; Sewer; Water; Other Tax Exemptions: None Waterfront: Oceanfront; Salt Ponds Waterview: Salt Ponds Dockage: Boat Ramp; Other Dockage Property Condition: Updated/Remodeled Building Style: Townhouse Vehicle Storage: Guest Parking; Open Parking; Trailer Storage Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Heating: Central Utilities: Cable Available; Elect Separate Meter; Water Separate Meter Interior Features: Drapes/Blinds Incl; Granite Counter Top Pre-Wired: Cable; Optical Appliances: Dishwasher; Disposal; Dryer; Freezer; Ice Machine; Microwave; Oven; Range; Refrigerator Exterior Features: Chickee Hut; Sandy Beach; Tennis Court(s) Pool Info: In Ground Construction: CBS Shutters: Accordion Floor: Tile Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Beach; Community Boat Ramp; Community Dockage; Community Pool; Manager on Premises; Tennis Courts Security: Electric Gate; Manned Gate; Patrolled Area Land Size: Less Than 1/4 Acre Terms: Cash; Conventional

Room Information

Bedroom 1 Level: Second Bedroom 2 Level: Second Full Bathroom Level: Main Kitchen Level: Main Dining Room Level: Main Full Bathroom Level: Second

Listing Office: Real Estate Sales Force - Coral Gables

Last Updated: May - 21 - 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.

Search powered by FBS Products