1500 Ocean Bay Dr Unit E5 Key Largo, FL 33037
Estimated payment $5,822/month
Highlights
- Ocean Front
- Boat Ramp
- Gated with Attendant
- Coral Shores High School Rated A
- Beach
- 1-minute walk to Schwingggg
About This Home
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!
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $5,225
Year Built
- Built in 1975 | Remodeled
Lot Details
- Home fronts a pond
- Ocean Front
HOA Fees
- $850 Monthly HOA Fees
Home Design
- Metal Roof
- Pre-Cast Concrete Construction
Interior Spaces
- 766 Sq Ft Home
- Furnished
- Ceiling Fan
- Single Hung Windows
- Blinds
- Sliding Doors
- Storage
- Pond Views
- Monitored
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- Electric Gate
- Guest Parking
- Open Parking
Outdoor Features
- Heated In Ground Pool
- Boat Ramp
- Screened Balcony
Utilities
- Central Heating and Cooling System
- Public Hookup Available For Sewer
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 00090491-000505
Community Details
Overview
- Association fees include cable, security, common area mnt, building insurance, bldg exterior mnt, exterminating
- Kawama Yacht Club Subdivision
- The community has rules related to deed restrictions
Recreation
- Boat Ramp
- Community Boat Dock
- Beach
- Tennis Courts
- Community Pool
Pet Policy
- Pets Allowed
Security
- Gated with Attendant
- Resident Manager or Management On Site
- Fire and Smoke Detector
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,604 | $618,807 | -- | $618,807 |
| 2024 | $4,273 | $525,836 | -- | $525,836 |
| 2023 | $4,273 | $507,242 | $0 | $507,242 |
| 2022 | $3,622 | $391,487 | $0 | $391,487 |
| 2021 | $2,433 | $238,862 | $0 | $238,862 |
| 2020 | $2,212 | $197,627 | $0 | $197,627 |
| 2019 | $2,174 | $192,624 | $0 | $192,624 |
| 2018 | $2,171 | $194,842 | $0 | $0 |
| 2017 | $2,109 | $203,665 | $0 | $0 |
| 2016 | $2,041 | $189,265 | $0 | $0 |
| 2015 | $2,013 | $189,265 | $0 | $0 |
| 2014 | $1,786 | $131,542 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/06/2026 04/06/26 | For Sale | $849,900 | -- | $1,110 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $450,000 | Cla Title & Escrow | |
| Quit Claim Deed | $70,000 | -- | |
| Warranty Deed | $62,000 | -- | |
| Deed | $50,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $321,000 | New Conventional |
Source: Florida Keys Board of REALTORS®
MLS Number: 619402
APN: 00090491-000505
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Ask me questions while you tour the home.