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1500 Ocean Bay Dr # A1, Key Largo FL 33037

Townhouse For Sale
$750,000

BTC: 8.80281690

ETH: 283.01886792

62 days
2 bds
2 ba
990 sqft

Overview

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!

Location

Florida • Key Largo • 33037 • Townhouse • For Sale

Details

Type:
Residential
Parking:
Open
Year Built:
1975
Lot:
No Data
Heating:
Central
Price/sqft:
$758
Cooling:
Central Air
HOA:
$427

Valuation

Our model vs. what's actually selling nearby.
Estimate
$429,000
$371K – $669K
Confidence Low
List vs. estimate
$321K above estimate
List $750,000 · +74.8%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$757
+0.0% vs. city median $757
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,770
2025
HOA
$427/mo
View
Garden View
All facts and features

  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Electric Range

    • Microwave

    • Refrigerator

    Other interior features

    • First Floor Entry

    • Cooking Island

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Bathrooms: 1

    • Full bathrooms: 2

  • Parking

    • Open

    Property

    • Exterior Features: None / Courtyard / Open Balcony / Screened Balcony / Tennis Court(s)

    Other Property Information

    • Parcel Number: 00090491-000101

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Townhouse

  • Other financial information

    • HOA: $427

    • HOA Frequency: Monthly

    • Annual tax amount: $3,770

  • Source details

    • MLS ID: A12063168

    Other facts

    • Construction Materials: CBS Construction

    • Patio And Porch Features: Open Balcony / Patio

    • Architectural Style: Garden Apartment

    • Living Area: 990

    • 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
58
median $749K
Active
Same city
Key Largo
60
median $749K
Active
Same type
Townhouse
1
median $750K
Active
Similar price
$525K – $975K
25
median $735K
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: Keller Williams Capital Realty