1500 Ocean Bay Drive E5, Key Largo, FL

$839,000

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2

Beds

2

Baths

766

Square feet

About 1500 Ocean Bay Drive E5

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 $100,000 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. Spacious Living Room - Dinning Room with excellent Water Vistas of the Saltwater Lagoon. Walk on out to the 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. There is also a 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, Paradise Awaits!

Features of 1500 Ocean Bay Drive E5

MLS® # 619402
Price $839,000
Bedrooms 2
Bathrooms 2.00
Full Baths 2
Square Footage 766
Year Built 1975
Type Residential
Sub-Type Condominium
Style Townhouse
Status Active

Community Information

Address 1500 Ocean Bay Drive E5
Area 27 - Key Largo MM 97-107
Subdivision Kawama Yacht Club (100.0)
City Key Largo
County Monroe
State FL
Zip Code 33037

Amenities

Amenities Community Dockage, Community Boat Ramp, Manager on Premises, Beach
Utilities FKAA, Municipal Sewer, Buyer to Verify, Cable Available
Parking Open Parking, Guest Parking, Trailer Storage
View Salt Ponds
Is Waterfront Yes
Waterfront Oceanfront, Salt Ponds
Has Pool Yes
Pool In Ground

Interior

Interior Features Drapes/Blinds Incl, Smoke Alarms, Storage
Appliances Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Stainless Steel Appliance(s)
Heating Central
Cooling Central Air, Ceiling Fans(s)
Fireplace No
Has Basement No

Exterior

Lot Description Less Than 1/4 Acre
Windows Single Hung Windows, Sliding Glass Doors
Roof Metal Roof
Construction CBS, Concrete

Additional Information

Date Listed April 8th, 2026
Days on Market 26
Zoning MF - Multi-Family Attached
Short Sale No
RE / Bank Owned No
HOA Fees 850
HOA Fees Freq. Monthly

Listing Details

AgentDan Cloud
OfficeWater Vista Realty, Inc.

Listing Map

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