1500 Ocean Bay Dr #E5, Key Largo, FL 33037
Property image
Property image
FOR SALE

1500 Ocean Bay Dr #E5
Key Largo, FL 33037

  • 2 Beds
  • 2 Baths
  • 766 sqft

$795,000

Est. Mortgage $6,139/mo*
Get Pre-Qualified

$795,000

Est. Mortgage $6,139/mo*
Get Pre-Qualified
2 Beds
2 Baths
766 sqft
We estimate this home will sell faster than 92% nearby.

Local Information

  • Map ViewExplore the area around 1500 Ocean Bay Dr #E5.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

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!
We estimate this home will sell faster than 92% nearby.

Home Highlights

Parking
Open Parking
Outdoor
Porch, Pool
View
Salt Ponds
HOA
$850/Monthly
Price/Sqft
$1,038
Listed
6 days ago

Home Details for 1500 Ocean Bay Dr #E5

Interior Features

Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 766 Square Feet
Appliances & Utilities
Utilities: FKAA, Cable Available, Buyer to VerifyAppliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, DryerDishwasherDryerLaundry: Laundry RoomMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central Air,Ceiling Fans(s)Has HeatingHeating Fuel: Central
Windows, Doors, Floors & Walls
Window: Drapes/Blinds Incl, Single Hung WindowsDoor: Sliding Glass DoorsFlooring: Tile, Laminate
Levels, Entrance, & Accessibility
Floors: Tile, Laminate
View
Has a ViewView: Salt Ponds
Security
Security: Smoke Detector(s), Electric Gate, Patrolled Area, Gated with Guard
Room & Shared Space
Shared space is furnished

Exterior Features

Exterior Home Features
Roof: MetalPatio / Porch: Open Porch/Balcony, Screened P/BHas a Private Pool
Parking & Garage
No CarportNo GarageNo Attached GarageHas Open ParkingParking: Open,Trailer Storage,Guest
Pool
Pool: Heated, In GroundPool
Frontage
WaterfrontWaterfront: Oceanfront, Salt Ponds, Waterfront, Dockage: Boat Ramp, Other DockageOn Waterfront
Water & Sewer
Sewer: Municipal Sewer, Public Sewer

Days on Market

Days on Market: 6

Property Information

Year Built
Year Built: 1975
Property Type / Style
Property Type: ResidentialProperty Subtype: Condominium, Residential - Condo/Townhouse, TownhouseStructure Type: ComplexArchitecture: Townhouse
Building
Construction Materials: CBS, ConcreteNot a New Construction
Property Information
Condition: Updated/RemodeledParcel Number: 00090491000505

Price & Status

Price
List Price: $795,000Price Per Sqft: $1,038

Active Status

MLS Status: Active

Location

Direction & Address
City: Key LargoCommunity: Kawama Yacht Club (100.0)

Agent Information

Listing Agent
Listing ID: 620527

Community

Community Features: Pool, Beach, Manager on Premises, Tennis Court(s), Community Boat Ramp, Community Dockage

HOA

HOA Fee Includes: Cable TV, Security, Maintenance Grounds, Building Insurance, Maintenance Structure, Pest ControlAssociation for this Listing: Florida KeysHas an HOAHOA Fee: $850/Monthly

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Conventional

Rental Terms, Policies & Fees

Furnished

Miscellaneous

Mls Number: 620527Water ViewWater View: Salt Ponds

Additional Information

PoolBeachManager on PremisesTennis Court(s)Community Boat RampCommunity Dockage
Last check for updates: about 2 hours ago
Listing courtesy of Dan Cloud, (305) 396-7844
Water Vista Realty, Inc.
Originating MLS: Florida Keys
Source: FLKMLS, MLS#620527
Also Listed on FLKMLS, Key West AOR, Key West AOR.

Market trends in Key Largo

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.11M
$65KMoM
Sale-to-List Price
95.3%
0.1%MoM
Price per sq ft
$722
$23MoM
Available listings
276
18MoM

Price History for 1500 Ocean Bay Dr #E5

DatePriceEventSource
07/04/2026$795,000Listed For SaleKey West AOR #620527
07/04/2026$813,000ListingRemovedFLKMLS #619402
06/02/2026$813,000PriceChange
FLKMLS #619402
05/04/2026$839,000PriceChange
FLKMLS #619402
04/08/2026$849,900Listed For SaleFLKMLS #619402
09/09/2021$450,000Sold
N/A

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Property Tax and Assessment

Year2025
Tax$5,225
Assessment$618,807
Home facts updated by county records

Comparable Sales for 1500 Ocean Bay Dr #E5

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1530 Ocean Bay Dr #508, Key Largo, FL
0.13
Condo
$672,000
12/08/25
2
2
1,188
1530 Ocean Bay Dr #509, Key Largo, FL
0.13
Condo
$786,000
08/25/25
2
2
1,188
1500 Ocean Bay Dr #H12, Key Largo, FL
0.04
Condo
$750,000
12/23/25
3
3
927
1530 Ocean Bay Dr #411, Key Largo, FL
0.28
Condo
$783,000
04/02/26
2
2
1,188
98302 Windward Ave, Key Largo, FL
0.91
Condo
$465,000
09/23/25
2
2
778
97652 Overseas Hwy #P6, Key Largo, FL
1.25
Condo
$575,000
02/11/26
2
1.5
1,130
97652 Overseas Hwy #P2, Key Largo, FL
1.25
Condo
$900,000
04/29/26
2
2
1,432

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 1500 Ocean Bay Dr #E5.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Key Largo

At least 96 Trulia users voted on each feature.

  • 92 % Say it's dog friendly

  • 84 % Say parking is easy

  • 79 % Say car is needed

  • 78 % Say yards are well-kept

  • 74 % Say people would walk alone at night

  • 72 % Say there's holiday spirit

  • 66 % Say it's quiet

  • 66 % Say they plan to stay for at least 5 years

  • 63 % Say it's walkable to restaurants

  • 55 % Say neighbors are friendly

  • 55 % Say kids play outside

  • 52 % Say there's wildlife

  • 47 % Say there are community events

  • 46 % Say it's walkable to grocery stores

  • 31 % Say streets are well-lit

  • 23 % Say there are sidewalks

Sourced by Trulia users. Learn more about our methodology.
  • Cn68dgn6hz
    "They have Dogs ism assuming they happy with the neighborhood as they are very much friendly is a very nice neighborhood "
    0
    Flag
  • Shaun Matthews
    "I drive everywhere I need to go. Golf carts are permissible in most neighborhoods. Everything is within a 5 min car ride. "
    0
    Flag
  • Dr.mahoney
    "We take care of each other in times of need hurricanes a good example. Animals are safe and people are friendly "
    0
    Flag
  • DC
    "Imagine living in a neighborhood where everyone knows each other and looks out for one another—where you can spend lazy afternoons lounging in beautiful parks or embark on thrilling marine adventures. Your kids will have a blast playing in sports leagues and attending top-notch schools. And the best part? The whole vibe is super chill and welcoming. That's the kind of community you'll find here!"
    0
    Flag
  • Carol Painter
    "Silver Shores is a beautiful 55 and older park! All yards are beautiful with grass, flowers, and trees! All the owners love it here!"
    0
    Flag
  • Deborah Clarke
    "Great neighbors, wonderful parks, beautiful sunsets, great church, great schools to choose from. The bond of our community. Every year our street throws an annual Keys Christmas Party. There is a sense of peace and connection knowing that you are safe and valued in your neighborhood. Everyone is so friendly, which makes it so inviting."
    0
    Flag
  • Karen M.
    "its a tourist spot area and very close to everything that you may need its a small city but very nice place"
    0
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  • Davius C.
    "It’s pretty dog friendly around here. I always see people walking their dogs. I have three of my own. The neighbors wave and say hi to my dogs while they are walking their dogs"
    0
    Flag
  • Diamonddegree
    "Private and secluded neighborhood at the beginning of the Florida keys. Great diving and snorkeling options "
    1
    Flag
  • Stuart G.
    "my commute is 20 miles but with traffic it takes anywhere from 35 minutes to 2 hours. just depends on the traffic "
    1
    Flag
  • Danlsteadman
    "Dogs are welcome at local restaurants with outside seating. Water bowls are available at these restaurants. "
    0
    Flag
  • Lmgkeys
    "Safe area. Surrounded by the water. Good schools. Great fishing and boating. Kayak and canoeing. Small island nearby."
    0
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  • Virgil R.
    "There are lots of kids here and watchful parents. So it’s safe for them to play outside and ride their bikes on the back streets. The fathers are outside and monitoring the speed people drive. "
    0
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  • Ruthrich41
    "We have allowed activities here so we get acquainted with a lot of people in our area and you get to know them and you make friends here we have 240 homes in our compound and a lot of good neighbours are very good friends are here"
    1
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  • Virgil R.
    "It’s next to the ocean and boat launches and public pools And Public parks where you can walk your dog play tennis do a fitness circuit and volleyball and it’s raining in downtown so it’s easy to leave there and get something to eat"
    1
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  • mdasca
    "This area is unique because it is close to Miami yet feels like worlds away. This community had neighbors that all have a passion for boating. There is no place in the world like the Florida keys!"
    0
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  • sherieann2008
    "This is one of the friendliest communities I have ever lived in. The neighbors all know each other and watch out for everyone. We are close to all of the entertainment and dining we want but have the quiet and privacy of a small community - the best of both worlds"
    0
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  • Lian A.
    "GATED COMMUNITY WITH DEEP WATER DOCKAGE - FAMILY FRIENDLY"
    0
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  • Kathy D.
    "Key Largo is known for its commuting ease from the Miami Dade area. It has a great Aquatic center, lots of dining options and, as with the rest of the Keys, is known for its water sports which include fishing, diving, kayaking, snorkeling, jet skies etc. The Keys are considered the Caribbean of the US. All the beauty and nice people, no passport."
    0
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  • Alicia O. L.
    "I have lived here for 7 years and absolutely love it!!!! A.L."
    1
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LGBTQ Local Legal Protections

Dan Cloud, Water Vista Realty, Inc.
Agent Phone: (305) 396-7844
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.
1500 Ocean Bay Dr #E5, Key Largo, FL 33037 is a 2 bedroom, 2 bathroom, 766 sqft condo built in 1975. This property is currently available for sale and was listed by FLKMLS on Jul 4, 2026. The MLS # for this home is MLS# 620527.