1500 Ocean Bay Dr #E5, Key Largo, FL 33037
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Property image
FOR SALE
3D VIEW

$795,000

  • 2 Beds
  • 2.5 Baths
  • 766 sqft

1500 Ocean Bay Dr #E5, Key Largo, FL 33037

Est. Mortgage $6,371/mo*
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Home Highlights

Condo
Built in 1975
$1,038/sqft
Open Parking
HOA $850/mo

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

About this House

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!
Last check for updates: about 17 hours ago
Listing courtesy of Dan Cloud, (305) 396-7844
Water Vista Realty, Inc.
Source: FLKMLS, MLS#620527
Also Listed on FLKMLS.

Home Details for 1500 Ocean Bay Dr #E5

Interior Features

Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 766 Square Feet
Appliances & Utilities
Utilities: Cable AvailableAppliances: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Stainless Steel Appliance(s)DishwasherDryerLaundry: Laundry RoomMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Has Heating Unspecified TypeHas CoolingAir Conditioning: Central Air,Ceiling Fans(s)Has HeatingHeating Fuel: Has Heating Unspecified Type
Windows, Doors, Floors & Walls
Flooring: Tile, Laminate
Levels, Entrance, & Accessibility
Floors: Tile, Laminate
View
No View
Security
Security: Security Gate, Gated with Guard, Security Guard

Exterior Features

Exterior Home Features
Patio / Porch: Open Porch/BalconyHas a Private Pool
Parking & Garage
No Attached GarageHas Open ParkingParking: Open,Storage
Pool
Pool: In GroundPool
Frontage
WaterfrontOn Waterfront

Days on Market

Days on Market: 79

Property Information

Year Built
Year Built: 1975
Property Type / Style
Property Type: ResidentialProperty Subtype: CondominiumArchitecture: 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

Media

Location

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

Agent Information

Listing Agent
Listing ID: 620527

Building

Building Area
Building Area: 766 Square Feet

Community

Community Features: Community Dockage, Community Boat Ramp, Manager on Premises, Beach

HOA

HOA Fee Includes: Cable TV, Pest Control, Maintenance Structure, Insurance, Common Area Mnt, SecurityHas an HOAHOA Fee: $850/Monthly

Offer

Listing Terms: Cash, Conventional

Rental Terms, Policies & Fees

Furnished

Miscellaneous

Mls Number: 620527

Additional Information

Community DockageCommunity Boat RampManager on PremisesBeach

Around this home

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

  • 45 % 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • Alicia O. L.
    "I have lived here for 7 years and absolutely love it!!!! A.L."
    1
    Flag

Market trends in Key Largo

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
237
4MoM

Home Value

Trulia Estimate
$759K
Since last month
Decreased$600 (-0.1%)
Since last year
Increased$159K (+25.6%)
Since last sale
Increased$328K (+72.9%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +133% in the last 10 years
MonthEstimated value
2026
September 2026$778K
August 2026$779K
July 2026$760K
June 2026$774K
May 2026$802K
April 2026$812K
March 2026$655K
February 2026$646K
January 2026$635K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1500 Ocean Bay Dr #H5, Key Largo, FL
0.12
Condo
$750,000
09/02/26
2
2
918
1500 Ocean Bay Dr #H12, Key Largo, FL
0.02
Condo
$750,000
12/23/25
3
3
927
1530 Ocean Bay Dr #508, Key Largo, FL
0.13
Condo
$672,000
12/08/25
2
2
1,188
1530 Ocean Bay Dr #411, Key Largo, FL
0.13
Condo
$783,000
04/02/26
2
2
1,188
1530 Ocean Bay Dr #304, Key Largo, FL
0.13
Condo
$830,000
07/28/26
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 #S11, Key Largo, FL
1.29
Condo
$625,000
03/24/26
2
2.5
1,420

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1500 Ocean Bay Dr #B8, Key Largo, FL 33037
0.02
$748,000
1
1
764
Off Market
1500 Ocean Bay Dr #C5, Key Largo, FL 33037
0.02
$712,500
2
2
772
Off Market
1500 Ocean Bay Dr #F2, Key Largo, FL 33037
0.02
$809,200
2
2
918
Off Market
1500 Ocean Bay Dr #G8, Key Largo, FL 33037
0.02
$759,000
2
2
918
Off Market
1500 Ocean Bay Dr #H12, Key Largo, FL 33037
0.02
$750,000
3
3
927
Recently Sold
1500 Ocean Bay Dr #M6, Key Largo, FL 33037
0.02
$793,600
3
3
920
Off Market
1500 Ocean Bay Dr #S3, Key Largo, FL 33037
0.02
$810,000
3
3
925
Off Market
1500 Ocean Bay Dr #2, Key Largo, FL 33037
0.02
$672,600
3
3
1,100
Off Market
1500 Ocean Bay Dr #6, Key Largo, FL 33037
0.02
$746,600
3
3
1,300
Off Market
1500 Ocean Bay Dr #B3, Key Largo, FL 33037
0.03
$810,000
2
2
918
For Sale
1500 Ocean Bay Dr #A1, Key Largo, FL 33037
0.10
$750,000
2
2.5
990
For Sale

Price and Tax history

DateEventPrice
Jul 4, 2026
Source: Key West AOR #620527
Listed For Sale
$795,000
Jul 4, 2026
Source: FLKMLS #619402
ListingRemoved
$813,000
Jun 2, 2026
Source: FLKMLS #619402
PriceChange
$813,000
Price decreased by 3%
May 4, 2026
Source: FLKMLS #619402
PriceChange
$839,000
Price decreased by 1%
Apr 8, 2026
Source: FLKMLS #619402
Listed For Sale
$849,900

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 MLS.

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Frequently asked questions about 1500 Ocean Bay Dr #E5

  • What is the estimated monthly payment for 1500 Ocean Bay Dr #E5?
    Based on a $795,000 list price with 20% down at today's rates, the estimated monthly payment for 1500 Ocean Bay Dr #E5 in Key Largo, FL is approximately $5,600 (about $4,306 principal & interest, $1,219 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • What do residents say about Key Largo?
    Residents describe Key Largo, FL as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See homes for sale in Key Largo, FL.
  • What are the closest schools to 1500 Ocean Bay Dr #E5?
    The closest schools to 1500 Ocean Bay Dr #E5 in Key Largo, FL are Coral Shores High School (rated 5/10), Key Largo School (Pre-K/Elementary/Middle, rated 8/10).
  • Does 1500 Ocean Bay Dr #E5 have air conditioning?
    Yes, 1500 Ocean Bay Dr #E5 in Key Largo, FL has air conditioning.
  • Does 1500 Ocean Bay Dr #E5 have a pool?
    Yes, 1500 Ocean Bay Dr #E5 in Key Largo, FL has a pool.
  • Does 1500 Ocean Bay Dr #E5 have laundry facilities?
    Yes, 1500 Ocean Bay Dr #E5 in Key Largo, FL has in-unit laundry.
1500 Ocean Bay Dr #E5, Key Largo, FL 33037 is a 2 bedroom, 3 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.