1500 Ocean Bay Dr Unit E5 Key Largo, FL 33037
Estimated payment $5,826/month
Highlights
- Waterfront
- Furnished
- Laundry Room
- Coral Shores High School Rated A
- Stainless Steel Appliances
- 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 $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. 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!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,225
Year Built
- Built in 1975 | Remodeled
Lot Details
- Waterfront
HOA Fees
- $850 per month
Interior Spaces
- 766 Sq Ft Home
- Furnished
- Ceiling Fan
- Storage
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Utilities
- Central Air
- Cable TV Available
Community Details
- Kawama Yacht Club Subdivision
Listing and Financial Details
- Assessor Parcel Number 00090491-000505
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 |
|---|---|---|---|---|
| 05/04/2026 05/04/26 | Price Changed | $839,000 | -1.3% | $1,095 / Sq Ft |
| 04/06/2026 04/06/26 | For Sale | $849,900 | -- | $1,110 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $321,000 | New Conventional |
Source: Florida Keys Board of REALTORS®
MLS Number: 619402
APN: 00090491-000505
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
- 1500 Ocean Bay Dr Unit H5
- 1500 Ocean Bay Dr Unit B3
- 1500 Ocean Bay Dr Unit C6
- 1500 Ocean Bay Dr Unit F5
- 1530 Ocean Bay Dr Unit 304
- 130 Lorelane Place
- 1501 Ocean Bay Dr Unit A1 & 50' Boat Slip
- 1501 Ocean Bay Dr Unit A1
- 1501 Ocean Bay Dr Unit B7
- 167 Lorelane Place
- 26 Corrine Place
- 101 Ocean Shores Dr
- 82 Ocean Shores Dr
- 147 Ocean Shores Dr
- 251 S Ocean Shores Dr
- 174 Corrine Place
- 6 Fishermans Trail
- 98701 Overseas Hwy
- 184 Ocean Shores Dr
- 98703 Overseas Hwy
- 164 Ocean Bay Dr Unit 3-C
- 176 Lorelane Place
- 104 Ocean Shores Dr
- 169 Corrine Place
- 174 Corrine Place Unit 1
- 196 Lorelane Place Unit Mermaid
- 184 Ocean Shores Dr
- 14 Coral Dr Unit 1
- 115 Marina Ave Unit SI ID1307103P
- 205 Pirates Dr Unit SI ID1307303P
- 22 Atlantic Blvd Unit B
- 235 Anne Bonny Dr
- 98402 Windward Ave Unit 98402 Windward Ave
- 9860 Leeward Ave Unit SI ID1307094P
- 203 Atlantic Blvd
- 21 1st Ave
- 97652 Overseas Hwy Unit SI ID1307209P
- 45 Mutiny Place Unit SI ID1307016P
- 300 Ocean Dr Unit 20
- 104 Poinciana Dr
Ask me questions while you tour the home.