1500 Ocean Bay Drive H5, Key Largo, FL 33037 (MLS# 616611)

1500 Ocean Bay Drive H5, Key Largo, FL 33037

$774,900

Virtual Tour

https://www.youtube.com/watch?v=PFCEBtLSjLQ

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 918 Status: Active

Current Price: $774,900 List Date: 9/25/2025 Last Modified: 12/11/2025

Description

REDUCED !!!!! GREAT DEAL!!! Welcome to Unit H5 at Kawama Yacht Club — a beautifully updated 2-story, 2 bed / 2 bath townhouse offering 918 sq ft of turnkey living space. Adjacent to the pool area with serene lagoon views, this fully furnished unit is vacation rental-friendly with proven income history. Located in a gated oceanfront community with premium amenities including: 2 Swimming pools Private saltwater lagoon for kayaking, swimming & beach relaxation Large tiki hut for events & gatherings Tenis/ Pickle Courts Private marina with deeded slips Oceanfront grills & firepits HOA covers exterior maintenance, insurance, pest control & more. Weekly rentals allowed. Minutes from top fishing, diving, and dining spots — live the Key Largo lifestyle or invest in paradise!

More Information MLS# 616611

Contract Information

Listing Board: Marathon/Lower Keys As is Rght to Inspct: Yes Current Price: $774,900 Listing Date: 2025-09-22 List Price: $774,900

Location, Tax & Legal

Unit #: H5 City: KEY LARGO Mile Marker: 100 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE,AE Alternate Key #: 1103161 Handicap Access: Yes Parcel #: 00090491-000805 Zoning: MF - Multi-Family Attached Deed Restrictions: No Legal: UNIT 5 BLDG H KAWAMA YACHT CLUB OF KEY LARGO PHASE ONE SEC ONE OR681-738 OR770-73 OR1530-1598 OR2856-1198/99 Taxes: 3706.87 Tax Year: 2024 Pub Sewer HkUp: No Street #: 1500 Street Name: Ocean Bay Street Suffix: Drive Key/Island: Key Largo State/Province: FL Zip Code: 33037 County: Monroe Subdivision: Kawama (100.0) Area: 27 - Key Largo MM 97-107

General Property Description

Realtor.COM Type: Residential - Condo/Townhouse Waterfront: Yes Control Depth: 8 Lot SqFt: 0 Unit/Complex: Unit Pool: Yes Total Units: 0 SqFt Source: Property Data Card Rentals Allowed: Yes Floor Number: 1 Style: Condo Year Built: 1975 Living Apx SqFt: 918 Total Bedrooms: 2 Full Baths: 2 Total Baths: 2

Remarks & Misc

Remarks – Consumer: REDUCED !!!!! GREAT DEAL!!! Welcome to Unit H5 at Kawama Yacht Club — a beautifully updated 2-story, 2 bed / 2 bath townhouse offering 918 sq ft of turnkey living space. Adjacent to the pool area with serene lagoon views, this fully furnished unit is vacation rental-friendly with proven income history. Located in a gated oceanfront community with premium amenities including: 2 Swimming pools Private saltwater lagoon for kayaking, swimming & beach relaxation Large tiki hut for events & gatherings Tenis/ Pickle Courts Private marina with deeded slips Oceanfront grills & firepits HOA covers exterior maintenance, insurance, pest control & more. Weekly rentals allowed. Minutes from top fishing, diving, and dining spots — live the Key Largo lifestyle or invest in paradise!

Association Info

Mandatory Home Owners Asc: Yes Voluntary Home Owners Asc: No 1st Right of Refusal: No Condo Doc's: Yes Assoc Approval Req: No Association Fee $: 771 Maintenance Fee $: 385 Assoc/Mnt Fee Per: Monthly

Fee Includes

Bldg Exterior Mnt: 1 Building Insurance: 1 Cable: 1 Common Area Mnt: 1 Exterminating: 1 Security: 1 Sewer: 1 Water: 1 Other: 1

Dockage

Boat Ramp: 1 Other Dockage: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Freezer: 1 Ice Machine: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Heating

Central: 1 Electric: 1

Waterfront

Oceanfront: 1 Salt Ponds: 1

Waterview

Salt Ponds: 1

Floor

Tile: 1

Neighborhood Feature

Beach: 1 Community Boat Ramp: 1 Community Dockage: 1 Community Pool: 1 Manager on Premises: 1 Tennis Courts: 1

Interior Features

Drapes/Blinds Incl: 1 Granite Counter Top: 1

Property Condition

Updated/Remodeled: 1

Building Style

Above Flood: Unknown Stories: 2 Stories Townhouse: 1

Windows/Doors

Aluminum Windows: 1 Single Hung Windows: 1 Sliding Glass Doors: 1

Vehicle Storage

Guest Parking: 1 Open Parking: 1 Trailer Storage: 1

Security

Electric Gate: 1 Manned Gate: 1 Patrolled Area: 1

Construction

CBS: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Furnished: 1

Terms

Cash: 1 Conventional: 1

Utilities

Cable Available: 1 Elect Separate Meter: 1 Water Separate Meter: 1

Porch/Balcony

Open Porch/Balcony: 1 Patio: 1 Screened Patio: 1

Exterior Features

Chickee Hut: 1 Sandy Beach: 1 Tennis Court(s): 1

Pool Info

In Ground: 1

Pre-Wired

Cable: 1 Optical: 1

Roof

Metal Roof: 1

Shutters

Accordion: 1

Status Change Info

Status: Active

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Exterminating; Security; Sewer; Water; Other Tax Exemptions: None Waterfront: Oceanfront; Salt Ponds Waterview: Salt Ponds Dockage: Boat Ramp; Other Dockage Property Condition: Updated/Remodeled Building Style: Townhouse Vehicle Storage: Guest Parking; Open Parking; Trailer Storage Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Heating: Central Utilities: Cable Available; Elect Separate Meter; Water Separate Meter Interior Features: Drapes/Blinds Incl; Granite Counter Top Pre-Wired: Cable; Optical Appliances: Dishwasher; Disposal; Dryer; Freezer; Ice Machine; Microwave; Oven; Range; Refrigerator Exterior Features: Chickee Hut; Sandy Beach; Tennis Court(s) Pool Info: In Ground Construction: CBS Shutters: Accordion Floor: Tile Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Beach; Community Boat Ramp; Community Dockage; Community Pool; Manager on Premises; Tennis Courts Security: Electric Gate; Manned Gate; Patrolled Area Land Size: Less Than 1/4 Acre Terms: Cash; Conventional

Room Information

Bedroom 1 Level: Second Bedroom 2 Level: Second Full Bathroom Level: Main Kitchen Level: Main Dining Room Level: Main Full Bathroom Level: Second

Listing Office: Real Estate Sales Force - Coral Gables

Last Updated: December - 11 - 2025

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