1500 Ocean Bay Drive B3, Key Largo, FL 33037 (MLS# A12049260)

1500 Ocean Bay Drive B3, Key Largo, FL 33037

New Listing
$795,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,510 Status: Active
Current Price: $795,000 List Date: 10/26/2026 Last Modified: 10/31/2026

Overview

Description

Beautifully remodeled 2-bedroom, 2-bath townhome in the highly desirable Kawama Yacht Club. Sold fully furnished, and includes two kayaks, making it a perfect turnkey vacation home or income-producing short-term rental. HOA includes also water, cable and internet. Renovated down to the studs with impact windows, a new A/C (2019), and custom kitchen and bathrooms. Ideally located with the community pool and lagoon just behind the unit. Gated community with 24-hour security, two pools, a private marina, first-come, first-served boat storage, boat ramp, fire pits, waterfront BBQ areas, and ample parking. Move-in ready—just bring your boat and enjoy the relaxed Florida Keys lifestyle.

Listing Details MLS# A12049260

General Property Information

Unit Floor #
Yes
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1510
Living Area Main
918
Year Built
1975
Senior Community YN
No
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
2

Property Features

Application Information: 3-4 Weeks Approval Association Amenities: Maintenance Association Fee Includes: Common Areas; Maintenance Structure; Security; Trash Dining Area: Dining/Living Room; Eat-In Kitchen; Family/Dining Combination Electric: Circuit Breakers Flooring: Ceramic Tile; Tile Leasing Permitted Details: Short Term Rentals Allowed Parking Features: Guest; Open Property Condition: Updated/Remodeled Appliances: Dishwasher; Disposal; Dryer; Electric Range; Microwave; Refrigerator; Washer Water Heater Details: Electric Water Heater Architectural Style: Split Level Boat and Dock Features: Ramp Construction Materials: Block; CBS Cooling: Central Air Association Type: Condominium Heating: Central; Electric Interior Features: Storage Listing Terms: Cash; Conventional Pets Allowed YN: Yes Possession: Negotiable Restrictions: Limited # Vehicles; Other Restrictions Security Features: Security Fence; Security Guard; Security Patrol; Smoke Detector(s) Special Information: Sold As-Is Tax Information: City/County View: Pool; Water Water Access: No Fixed Bridge Water View: Lagoon Waterfront Features: Lagoon Showing Requirements: 24 Hour Notice Outdoor Living Spaces: Deck; Porch Porch Details: Porch - Screened Room Types: Family Room; Florida Room; Laundry; Loft

Contract Information

Comp Sale YN
No
Original List Price
819000
Occupant Type
Call Listing Agent

Location and Legal

Country
United States
County Or Parish
Monroe
County Parish Name
Monroe
Street Number
1500
Street Name
Ocean Bay
Street Suffix
Drive
Unit Number
B3
City Name
Key Largo
State Or Province
FL
Postal Code
33037
Postal Code +4
4267
Postal Zip
33037
Subdivision Name
KAWAMA YACHT CLUB
Area
5940 - Other Florida County
Geographic Area
Other
Elementary School
Key Largo
Middle Or Junior School
Key Largo
High School
Coral Shores
Special Assessment YN
No
Parcel Number
00090491000203
Flood Zone
AE
Directions
GPS

Financial Information

Association YN
Yes
Association Fee
1235
Association Fee Frequency
Monthly
Application Required YN
Yes
Estimated Monthly Assoc Recurring Fee
1235
Membership Fee Required YN
No
Tax Annual Amount
5702
Tax Year
2025
Tax Legal Description
UNIT 3 KAWAMA YACHT CLUB OF KEY LARGO PHASE ONE SEC ONE BLDG B OR686-798 OR1984-1033 OR2558-1019 OR2940-0643 OR3288-1338 OR3311-1381

Status Change Information

Major Change Timestamp
2026-10-26T18:28:30Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-10-26T18:28:30Z
Status Change Date
2026-10-26

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Entry Information

Entry Level
Yes

Leasing Permitted Details

Leasing Permitted YN
Yes

Parking Information

Open Parking Spaces
2

Boat and Dock Information

Dock Details
Community Boat Ramp

Leasing Restrictions

Leasing - Max Times Per Year
52
Leasing - Minimum Number of Days
2

Storm Protection

Impact Glass
Partial

Price Calculations

Current Price To SqFt
866.01

Section Details

Parcel Number MLX
B3

Originating Details

Originating System Key
526803098
Originating System ID
M00000151

Room Information

Room Name
Family Room
Florida Room
Loft
Laundry
IDX
Listing Office: MB Elite Consulting LLC
Source MLS Verified
Last Updated: October - 31 - 2026
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