# 1500 Ocean Bay Dr #A1, Key Largo, FL 33037

> **TL;DR:** 2bd/3ba townhouse, $750,000 ($758/sqft), built 1975, 990 sqft.
> A/C. Est. $4,438/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $750,000 |
| Price/sqft | $758 |
| Bedrooms | 2 |
| Bathrooms | 2 full, 1 half |
| Square Feet | 990 |
| Year Built | 1975 |
| Stories | 2 |
| Property Type | Townhouse (Townhouse) |
| Status | Active |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $3,792 |
| Estimated Insurance | $219 |
| HOA | $427 |
| **Total** | **$4,438** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1975
- 2 stories

## Description

### Agent Description
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!

## Location

- **Address:** 1500 Ocean Bay Dr #A1, Key Largo, FL 33037
- **County:** Monroe
- **Neighborhood:** KAWAMA YACHT CLUB
- **Coordinates:** 25.080521, -80.443669
- **Google Maps:** https://www.google.com/maps?q=25.080521,-80.443669

## Virtual Tour & Media

- **Video Tour:** https://www.propertypanorama.com/instaview/mia/A12063168

## Listing Agent

- **Name:** Alberto Martinez · **License:** 3306645
- **Brokerage:** 1426 Real Estate LLC D/B/A Keller Williams Coral Gables Realty
- **Phone:** 3057666679
- **Broker Phone:** (305) 662-7325
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1500-Ocean-Bay-Dr-Apt-A1_Key-Largo_FL_33037_M58285-76903?f=listhub&s=MAORFL&m=A12063168&c=propsimple)

## Photos

![1500 Ocean Bay Dr #A1 - Photo 1](http://lh.rdcpix.com/3fd6d5dc70524e39ef19bdb449ca2794l-f2379510985r.jpg)

![1500 Ocean Bay Dr #A1 - Photo 2](http://lh.rdcpix.com/3fd6d5dc70524e39ef19bdb449ca2794l-f2681228977r.jpg)

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---

**MLS#:** A12063168 | **Updated:** 2026-10-02
**Source:** listhub

*Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/1500-ocean-bay-dr-key-largo-fl-33037-12063168)

---

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