305-609-4190
1500 Ocean Bay Dr # A1, Key Largo FL 33037
Active Townhouse

1500 Ocean Bay Dr # A1, Key Largo FL 33037

Key Largo, FL, 33037

$750,000

Est. $3,792/mo (20% down)

2
Beds
2.5
Baths
990
Sq Ft
1975
Year Built
Lot Sq Ft
Garage

Photo Gallery (69 photos)

About This Property

Welcome to your Florida Keys retreat at the desirable Kawama Yacht Club in Key Largo! One of the few properties in Key Largo that allows Nightly Rentals. This beautifully maintained 2-bedroom, 2-bath townhouse-style condominium offers the perfect blend of comfort, investment potential, and resort-style living. Enjoy spacious living areas, ceramic tile flooring, abundant natural light, and screened patios ideal for relaxing after a day on the water. The community is surrounded by lush tropical landscaping and offers exceptional amenities including a waterfront pool, tennis courts, marina, ocean access, playground, walking paths, and 24-hour gated security. Conveniently located just minutes from world-class fishing, diving, boating, waterfront dining, John Pennekamp Coral Reef State Park, and all that the Florida Keys lifestyle has to offer. Whether you're searching for a full-time residence, vacation getaway, or income-producing investment, this property offers endless possibilities in one of Key Largo's most sought-after communities. Condominium fee is $422/month, with an additional HOA fee of $850/quarter. Don't miss this opportunity to own your piece of paradise in the Florida Keys!

Property Details

MLS #

A12063168

Status

Active

Property Type

Residential

Sub Type

Townhouse

Year Built

1975

Days on Market

29

Stories

2

Pool

No

Waterfront

No

Price / Sq Ft

$758

HOA Fee

$427/mo

Est. Insurance

$250/mo

Tax Year

2025

Tax Amount

$3,770

Garage

Lot Size

MLS Area

Kawama Yacht Club

Subdivision

KAWAMA YACHT CLUB

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Flood Zone & Insurance

Flood zone data not available for this listing. Check FEMA directly

Investment Analysis

$5,250
Est. Monthly Rent
-0.4%
Cap Rate
-2.2%
Cash-on-Cash
$-3,297
Net Operating Income

ROI Projections (4% Annual Appreciation)

97%
5-Year ROI
Value: $912,490
218%
10-Year ROI
Value: $1,110,183
368%
15-Year ROI
Value: $1,350,708

Estimates based on area averages. Actual returns may vary. Consult a financial advisor.

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