$795,000
 $4,268 est/mo Sourced by Back At You

1500 Ocean Bay Drive Apt E5,KEY LARGO, FL 33037

KEY LARGO, FL 33037

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Description

KAWAMA YACHT CLUB BEAUTIFULLY RENOVATED 2 Bedrooms - 2 Full Bathrooms Unit E5, CBS Block Townhome located on a beautiful Saltwater Lagoon in an Oceanfront Manned Gated Community, in the heart of Key Largo. EXCELLENT RENTAL INCOME, one of the few Florida Keys properties that can be rented DAILY-NIGHTLY, the majority of the Keys rental properties can only be rented every 28 days. CURRENTLY GENERATING RENTAL INCOME of $98,980 yearly. Being offered Turnkey, this lovely Townhome is ready for you to use or rent day one. Extensively renovated, beautiful Kitchen featuring Stainless Steel Appliances, Custom Cabinets and Lighting, Tile Backsplash, and Plantation Shutters. Newer Daikin AC unit with an 8 year warranty. Spacious Living-Dinning aera, beautiful Water Vistas of the Saltwater Lagoon. Screened-In Patio with lovely Water Vistas of the Saltwater Lagoon. Beautiful Wood-Laminate Flooring throughout the lower floor and patio area. Spacious and Beautiful Master Bedroom featuring a Private Tiled Screened-In Balcony overlooking the Saltwater Lagoon below. The Master Bedroom also has a Wall Mounted TV, Ceiling Fan-Light, Beautiful Tile Flooring, and 2 Spacious Closets. The Second Bedroom features Tile Flooring, Ceiling Fan-Light, Plantation Shutters, Ceiling Mounted TV, and a Spacious Closet. Large Open Covered Patio at the entrance to the Townhome, great place to Barbecue and entertain family and guest. Community Boat Storage and Marina Boat Ramp, launch your boat on the Ocean side, World Class Fishing and Diving. This lovely community has 2 Sparkling Heated Pools, one has a wonderful Beach that leads into the Saltwater Lagoon, great for Kayaking, Paddle Boarding, and Rafting. The other Pool has a Large Tiki Hut, great for gatherings and events. Tennis and Pickle Ball Courts. Jetty with a Gazebo, Oceanfront Beaches, Tiki Huts and Bar-B-Q Grills. Excellent location to local shopping and restaurants. Miami Airport is only a 90 minute drive. Kawama Keys Paradise Awaits!

Details

MLS #620527
Listing TypeFor Sale
StyleCondominium
HOA Dues$850
Sub-TypeResale
StatusActive
Year1975
Days On Site52
Listing Provided ByWater Vista Realty, Inc. | Dan Cloud

Features

Bed(s)2
Bath(s) 2 Total
SQ Feet766
PoolYes
ZoningMF - Multi-Family Attached
Water FrontYes
Property ViewPond

Taxes

Property5224

Area Information

StateFL
CountyMonroe
CityKEY LARGO
Zip Code33037
Area27 Key Largo MM 97 107
Community NameKawama Yacht Club (100.0)
Listing VS Median (in Kawama Yacht Club (100.0))
Price:
$795,000
low | high
Med:
$790,000
50.62893081761% of Average
sqft:
766
low | high
Med:
918
30.156657963446% of Average
$ / sqft:
$1,038
low | high
Med:
$861
67.082528329291% of Average
On site:
52
low | high
Med:
152
34.210526315789% of Average
Sourced by Back At You

Market Activity 33037

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Learn More About This Property

StateFL
CountyMonroe
CityKEY LARGO
Zip Code33037
Area27 Key Largo MM 97 107
Community NameKawama Yacht Club (100.0)
Listing VS Median (in Kawama Yacht Club (100.0))
Price:
$795,000
low | high
Med:
$790,000
50.62893081761% of Average
sqft:
766
low | high
Med:
918
30.156657963446% of Average
$ / sqft:
$1,038
low | high
Med:
$861
67.082528329291% of Average
On site:
52
low | high
Med:
152
34.210526315789% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $596K - $993K
sqft: 575 - 958
Nearby Listings Property ImageNearby Listings Details
1500 Ocean Bay Drive F5 Property Photo 1
$790,000
1500 Ocean Bay Drive F5
Key Largo, FL 33037
1500 Ocean Bay Drive J7 Property Photo 1
$890,000
1500 Ocean Bay Drive J7
Key Largo, FL 33037
Listing Updated: July 4, 2026 at 3:04:52 AM PDT