1500 Ocean Bay Dr, Unit H5

918 Sq. Ft.
$844 / Sq. Ft.
918
Sq. Ft.
$844
per Sq. Ft.

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 poolsPrivate saltwater lagoon for kayaking, swimming & beach relaxationLarge tiki hut for events & gatheringsTenis/ Pickle...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 poolsPrivate saltwater lagoon for kayaking, swimming & beach relaxationLarge tiki hut for events & gatheringsTenis/ Pickle CourtsPrivate marina with deeded slipsOceanfront grills & firepitsHOA 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!
  1. Listed by Jorge Labarraque • Real Estate Sales Force - Coral Gables

Property Details for 1500 Ocean Bay Drive, Unit H5

Waterfront
Oceanfront, Salt Ponds
Waterfront
Yes
Zoning
MF - Multi-Family Attached
Subdivision
Kawama (100.0)
Building Style
Townhouse
Vehicle Storage
Open Parking, Trailer Storage, Guest Parking
Pets
Pets Allowed
LISTING UPDATED: 12/11/2025 09:34 AM

Property Details for 1500 Ocean Bay Drive, Unit H5

StatusActive
MLS #616611
Days on Market128
Taxes$3,707 / year
HOA Fees$771 / month
Condo/Co-op Fees$385 / month
Compass TypeCondo
MLS TypeResidential / Condo
Year Built1975
CountyMonroe County

Location

Listing Courtesy of Real Estate Sales Force - Coral Gables
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Building Information for 1500 Ocean Bay Drive, Unit H5

Building/Complex1500 Ocean Bay DrFloor-Stories2Residences1Pet PolicyAllowedPet Policy DetailsPets AllowedYear Built1975

Payment Calculator

$5,242 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,777

Property Taxes

$309

HOA Dues

$1,156

The Payment Calculator is for illustrative purposes only.

Property Information for 1500 Ocean Bay Drive, Unit H5

Summary
Location and General Information
  • Waterview: Salt Ponds
  • Area: 27 - Key Largo MM 97-107
  • Absolute Longitude: 80.443351
  • Control Depth: 8
  • Listing Board: Marathon/Lower Keys
  • Side: Ocean
  • Unit/Complex: Unit
  • Mile Marker: 100.0
  • Marathon Neighborhood: N/A
  • Neighborhood Feature: Community Pool, Beach, Manager on Premises, Tennis Courts, Community Boat Ramp, Community Dockage
  • Key/Island: Key Largo
Taxes and HOA Information
  • Association Info: Mandatory Home Owners Asc: Yes
  • Association Info: Condo Doc's: Yes
  • Association Info: Voluntary Home Owners Asc: No
  • Association Info: 1st Right of Refusal: No
  • Association Info: Assoc Approval Req: No
  • Fee Includes: Cable, Other, Security, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Water, Exterminating, Sewer
  • Furnished: Furnished
  • Tax Year: 2024
  • Tax Exemptions: None
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Property
Lot Information
  • Parcel #: 00090491-000805
  • Land Size: Less Than 1/4 Acre
Property and Assessments
  • Legal: UNIT 5 BLDG H KAWAMA YACHT CLUB OF KEY LARGO PHASE ONE SEC ONE OR681-738 OR770-73 OR1530-1598 OR2856-1198/99
  • MLS Approved: Y
  • SqFt Source: Property Data Card
  • Flood Zone: AE,AE
  • Rentals Allowed: Yes
  • Deed Restrictions: No
  • Picture Count: 24
  • Document Count: 0
  • Building Style: Above Flood: Unknown
  • Property Condition: Updated/Remodeled
  • Security: Electric Gate, Patrolled Area, Manned Gate
Utilities
  • Utilities: Water Separate Meter, Cable Available, Elect Separate Meter
  • Pub Sewer HkUp: No
  • Pool: Yes
  • Handicap Access: Yes
  • Pool Info: In Ground
  • Porch/Balcony: Open Porch/Balcony, Patio, Screened Patio
Interior and Exterior Features
Interior Features
  • Floor: Tile
  • Floor Number: 1.0
  • Interior Features: Drapes/Blinds Incl, Granite Counter Top
  • Pre-Wired: Cable, Optical
  • Appliances: Dryer, Ice Machine, Freezer, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher
Exterior Features
  • Roof: Metal Roof
  • Shutters: Accordion
  • Construction: CBS
  • Dockage: Boat Ramp, Other Dockage
  • Exterior Features: Chickee Hut, Tennis Court(s), Sandy Beach
  • Windows/Doors: Single Hung Windows, Aluminum Windows, Sliding Glass Doors
Room Information
Room 1 Information
  • Room Type: Bedroom 1
  • Level: 2
Room 2 Information
  • Room Type: Bedroom 2
  • Level: 2
Room 3 Information
  • Room Type: Full Bathroom
  • Level: M
Room 4 Information
  • Room Type: Kitchen
  • Level: M
Room 5 Information
  • Room Type: Dining Room
  • Level: M
Room 6 Information
  • Room Type: Full Bathroom
  • Level: 2

Property History for 1500 Ocean Bay Drive, Unit H5

DateEvent & SourcePriceAppreciation
Sep 22, 2025

Price Change

FKMLS #616611

$815,000
Sep 22, 2025

Price Change

FKMLS #616611

$799,000
Sep 22, 2025

Price Change

FKMLS #616611

$775,000
Sep 22, 2025

Price Change

FKMLS #616611

$774,900
Sep 22, 2025

Listed (Active)

FKMLS #616611

$275,000
May 15, 2017

Sold

FKMLS #574936

$255,000
May 12, 2017

Sold (Public Record)

Public Record #597819153

$255,000
Mar 31, 2017

Pending

FKMLS #574936

Mar 27, 2017

Listed (Active)

FKMLS #574936

$260,000
DateEvent & SourcePrice
09/22/2025

Price Change

FKMLS #616611

$815,000
09/22/2025

Price Change

FKMLS #616611

$799,000
09/22/2025

Price Change

FKMLS #616611

$775,000
09/22/2025

Price Change

FKMLS #616611

$774,900
09/22/2025

Listed (Active)

FKMLS #616611

$275,000
05/15/2017

Sold

FKMLS #574936

$255,000
05/12/2017

Sold (Public Record)

Public Record #597819153

$255,000
03/31/2017

Pending

FKMLS #574936

03/27/2017

Listed (Active)

FKMLS #574936

$260,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1500 Ocean Bay Drive, Unit H5

Taxable ValueLand-Additions$578,807Total-
Tax Record2024$3,707 ($309 / month)
Home Facts
Beds2Baths2Total Finished SqFt918 SqFtAbove Grade Finished SqFt918 SqFtLot Size147,999 SqFtStyleCondominiumYear Built1975CountyMONROEAPN00090491-000805

Schools near 1500 Ocean Bay Drive, Unit H5

This home is within Monroe.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Public - 6 to 12
Rating
School
Distance
Key Largo School
PublicPK to 8

Coral Shores High School
Public9 to 12

Ocean Studies Charter
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1500 Ocean Bay Drive, Unit H5 is a condo for sale in Key Largo, FL 33037. This property was listed for sale on September 22, 2025 by Real Estate Sales Force - Coral Gables, it's currently listed at $774,900. It has been on the market for a total of 128 days and was last sold on May 15, 2017. This listing's school district is Monroe. Nearby schools include Key Largo School, Coral Shores High School and Ocean Studies Charter. 1500 Ocean Bay Drive, Unit H5 is a 2-bed, 2-bath, 918 sqft condo built in 1975.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Real Estate Sales Force - Coral Gables

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.