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1500 Ocean Bay Dr # F5, Key Largo FL 33037

Condo/Co-op For Sale
$814,900

BTC: 12.44122137

ETH: 452.72222222

-$30K (2026/05/19)
63 days
Waterfront
2 bds
2 ba
918 sqft

Overview

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.

Location

Florida • Key Largo • 33037 • Condo/Co-op • For Sale • Waterfront

Details

Type:
Residential
Parking:
Guest / Open / Rv/Boat Parking
Year Built:
1975
Lot:
No Data
Heating:
Central
Price/sqft:
$888
Cooling:
Central Air
HOA:
$850

Valuation

Our model vs. what's actually selling nearby.
Estimate
$593,250
$404K – $1.0M
Confidence Low
List vs. estimate
$221K above estimate
List $814,900 · +37.4%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$887
+2.0% vs. city median $870
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$5,999
2025
HOA
$850/mo
View
Lagoon
Waterfront
Lagoon, Ocean Front
Furnished
Furnished
Pets
Restrictions Or Possible Restrictions
All facts and features

  • Flooring

    • Ceramic Floor

    • Vinyl

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Microwave

    • Refrigerator

    • Washer

    Other interior features

    • First Floor Entry

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • Guest

    • Open

    • Rv/Boat Parking

    Property

    • Exterior Features: None / Screened Balcony

    Other Property Information

    • Parcel Number: 00090491-000605

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $850

    • HOA Frequency: Monthly

    • Annual tax amount: $5,999

  • Source details

    • MLS ID: A11991691

    Other facts

    • Construction Materials: Concrete Block Construction

    • Patio And Porch Features: Deck / Open Porch / Screened Porch

    • Waterfront: Yes

    • Living Area: 918

    • Subdivision Name: KAWAMA YACHT CLUB

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33037
161
median $799K
Active
Same city
Key Largo
162
median $796K
Active
Same type
Condo/Co-op
6
median $837K
Active
Similar price
$570K – $1.1M
60
median $796K
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: American Caribbean Real Estate