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1500 Ocean Bay Drive H5, Key Largo, FL 33037

$774,900
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 918 Status: Active
Current Price: $774,900 List Date: 4/06/2026 Last Modified: 4/14/2026

Overview

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

Listing Details MLS# 616611

Location, Tax & Legal

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
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

Contract Information

Listing Board
Marathon/Lower Keys
As is Rght to Inspct
Yes

General Property Description

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

Association Info

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

Building Style

Above Flood
Unknown
Stories
2 Stories
Townhouse
Yes

More Information

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

Fee Includes

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

Dockage

Boat Ramp
Yes
Other Dockage
Yes

Tax Exemptions

None
Yes

Appliances

Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Freezer
Yes
Ice Machine
Yes
Microwave
Yes
Oven
Yes
Range
Yes
Refrigerator
Yes

Pets

Pets Allowed
Yes

Cooling

Ceiling Fans(s)
Yes
Central Air
Yes

Heating

Central
Yes
Electric
Yes

Waterfront

Oceanfront
Yes
Salt Ponds
Yes

Waterview

Salt Ponds
Yes

Floor

Tile
Yes

Neighborhood Feature

Beach
Yes
Community Boat Ramp
Yes
Community Dockage
Yes
Community Pool
Yes
Manager on Premises
Yes
Tennis Courts
Yes

Interior Features

Drapes/Blinds Incl
Yes
Granite Counter Top
Yes

Property Condition

Updated/Remodeled
Yes

Windows/Doors

Aluminum Windows
Yes
Single Hung Windows
Yes
Sliding Glass Doors
Yes

Vehicle Storage

Guest Parking
Yes
Open Parking
Yes
Trailer Storage
Yes

Security

Electric Gate
Yes
Manned Gate
Yes
Patrolled Area
Yes

Construction

CBS
Yes

Land Size

Less Than 1/4 Acre
Yes

Furnished

Furnished
Yes

Terms

Cash
Yes
Conventional
Yes

Utilities

Cable Available
Yes
Elect Separate Meter
Yes
Water Separate Meter
Yes

Porch/Balcony

Open Porch/Balcony
Yes
Patio
Yes
Screened Patio
Yes

Exterior Features

Chickee Hut
Yes
Sandy Beach
Yes
Tennis Court(s)
Yes

Pool Info

In Ground
Yes

Pre-Wired

Cable
Yes
Optical
Yes

Roof

Metal Roof
Yes

Shutters

Accordion
Yes

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

Room Name Level
Bedroom 1 Second
Bedroom 2 Second
Full Bathroom Main
Kitchen Main
Dining Room Main
Full Bathroom Second
Listing Office: Real Estate Sales Force - Coral Gables
Last Updated: April - 14 - 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.