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1500 Ocean Bay Drive A1, Key Largo, FL 33037
ActiveMLS listing sourceMIAMI REALTORS® MLS
ActiveMLS® A12063168
$750,000

1500 Ocean Bay Drive A1, Key Largo, FL 33037

Beds
2
Baths
3
Sqft
990
Est. payment$5,008/mo
Home type
Townhouse
Year built
1975
Lot size
—
Price / sqft
$758
HOA
$427/mo
Community
KAWAMA YACHT CLUB

Property description

Welcome to your Florida Keys retreat at the desirable Kawama Yacht Club in Key Largo! One of the few properties in Key Largo that allows Nightly Rentals. This beautifully maintained 2-bedroom, 2-bath townhouse-style condominium offers the perfect blend of comfort, investment potential, and resort-style living. Enjoy spacious living areas, ceramic tile flooring, abundant natural light, and screened patios ideal for relaxing after a day on the water. The community is surrounded by lush tropical landscaping and offers exceptional amenities including a waterfront pool, tennis courts, marina, ocean access, playground, walking paths, and 24-hour gated security. Conveniently located just minutes from world-class fishing, diving, boating, waterfront dining, John Pennekamp Coral Reef State Park, and all that the Florida Keys lifestyle has to offer. Whether you're searching for a full-time residence, vacation getaway, or income-producing investment, this property offers endless possibilities in one of Key Largo's most sought-after communities. Condominium fee is $422/month, with an additional HOA fee of $850/quarter. Don't miss this opportunity to own your piece of paradise in the Florida Keys!

Listing activity

Days on market
51
Listed
Jul 31, 2026
MLS listing updated
Sep 20, 2026
Feed last checked
13 minutes ago

Listed by Alberto Martinez · Keller Williams Capital Realty

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms
2
Bathrooms
3
Bathrooms (decimal)
2.5
Full bathrooms
2
Half bathrooms
1

Rooms & features

Rooms
0
Interior features
Kitchen Island
Flooring
Tile
Appliances
Electric Range, Microwave, Refrigerator

Heating & cooling

Heating
Central
Cooling
Central Air
Property

Parking

Garage spaces
0
Carport spaces
0
Covered spaces
0
Parking features
Open
Attached garage
No

Exterior

Stories
2
Building area
1,370 sqft
Entry level
1
Patio & porch
Patio
Exterior features
Courtyard, Balcony, Tennis Court(s)
View
Garden
Waterfront property
No
Construction

Type & style

Home type
Townhouse
Structure type
Townhouse
Year built
1975

Materials

Construction
CBS
Utilities & green energy

Not reported by the listing source.

Community & HOA

Community

Subdivision
KAWAMA YACHT CLUB
MLS area
5940 - Other Florida County
MLS subarea
Other
Security
Security Guard
Pets allowed
Yes
55+ community
No

Association

Has association
Yes
Association fee
$427 monthly
Estimated monthly dues
$427
Amenities
Maintenance, Pool, Picnic Area, Tennis Court(s), Other
Lease details

Not reported by the listing source.

Location

Area details

City
Key Largo
County
Monroe
ZIP code
33037
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A12063168
Possession
Close Of Escrow
Original list price
$750,000
Parcel number
00090491000101
Annual property tax
$3,770
Tax year
2025
Tax legal description
UNIT 1 KAWAMA YACHT CLUB OF KEY LARGO PHASE ONE SEC ONE BLDG A OR665-94 OR926-1407 OR967-74 OR2915-1732/33
Additional MLS details

Reported by the listing source

Association Amenities
Maintenance, Pool, Picnic Area, Tennis Court(s), Other
Association Fee Frequency
Monthly
Association
Yes
Bathrooms Total Decimal
2.5
Bathrooms Total Integer
3
Building Area Total
1370
Construction Materials
CBS
County Or Parish
Monroe
Days On Market
51
Elementary School
Key Largo
High School
Coral Shores
List Price
750000
Listing Contract Date
2026-07-31
Living Area
990
MLSArea Major
5940 - Other Florida County
MLSArea Minor
Other
Middle Or Junior School
Key Largo
Mls Status
Active
On Market Date
2026-07-31
Patio And Porch Features
Patio
Photos Count
69
Postal Code
33037
Property Sub Type
Townhouse
Property Type
Residential
Rooms Total
0
Security Features
Security Guard
Senior Community
No
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-07-31T04:00:00Z
Stories Total
2
Subdivision Name
KAWAMA YACHT CLUB
Tax Annual Amount
3770
Bathrooms Full
2
Bedrooms Total
2
Waterfront
No
Bathrooms Half
1
Financial Information: Estimated Monthly Assoc Recurring Fee
427

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
Jul 31, 2026ListedMIAMI REALTORS® MLS$750,000$758/sqft

Public tax history

YearProperty taxesAssessment
2025$3,770—

Payment calculator

Estimated monthly payment$5,008/moIllustrative estimate, not a loan offer.
Principal & interest
$3,892
Property taxes
$314
Insurance
$375
Association dues
$427

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

KAWAMA YACHT CLUB

Key Largo · Monroe County · 33037

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Key LargoElementary
—
Key LargoMiddle
—
Coral ShoresHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes

Similar homes

3 homes
MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of Keller Williams Capital Realty. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.