About This Home

This 2-bedroom, 3-bathroom condo at 1500 Ocean Bay Drive Apt P3 in Key Largo, FL is listed for $899,900 ($844 per sqft). Built in 1983, the home offers 1,066 sqft of living space on a 0.04 acres lot.

Key Features

  • Built in 1983
  • 0.04 acre lot
  • Private pool
  • Waterfront

Property Details

3 full
Apt P3
1983

Amenities

PoolWaterfrontA/C
Listing Description

Remodeled Kawama townhome w/ 3 night rentals allowed. Gated community on the ocean side mile marker 99. The community offers full resort amenities such as a salt-water swimming lagoon, two heated pools, tennis and pickleball courts, kids playground, tiki hut with outdoor kitchen and bbq areas and tropical walking path beside the lagoon.

There is also a full marina in the community with boat ramp and boat/trailer parking. The house itself has porcelain tile throughout, quartz counters in kitchen and bath, A legally enclosed first floor with central AC added. The floorplan is wonderful offering a full bath on each of the three floors.

This is one of the only communities legally allowed to offer 3 night minimum rentals. The unit has rental license exemption from the County which is transferrable. The unit has strong rental history, seller is willing to disclose to buyer.

Monthly Cost Estimate

$6,238/mo

20% down · 6.5% · 30 years

Principal$651
Interest$3,900
Insurance$262
HOA$1,425

Estimates only. Actual payments may vary.

Location

1500 Ocean Bay Drive Apt P3

Key Largo, FL 33037

Kawama (100.0)

Features & Amenities

Interior Features

Quartz Countertops

Exterior Features

Chickee HutOutdoor KitchenShedStorageTennis Court(s)

Property Details

Flooring

Tile

Construction

CBS

Pool Features

Pool

Outdoor Features

PatioPorch

Parking

Open

Cooling

Central Air

Appliances

WasherDryerDishwasherRefrigeratorRangeOvenMicrowaveFreezerStainless Steel Appliance(s)

Questions & Answers

This 2-bedroom, 3-bathroom condo at 1500 Ocean Bay Drive is listed at $899,900 ($844/sqft). The estimated monthly payment is $6,237 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $1425/month.

Key features include: Built in 1983, 0.04 acre lot, Private pool, Waterfront. Interior Features: Quartz Countertops. Exterior Features: Chickee Hut, Outdoor Kitchen, Shed.

This property is listed by Jarrett Buetti.

JB

Jarrett Buetti

License 3339146

Agent at JC Realty Group, Inc.

Listed by JC Realty Group, Inc. · Broker phone: 9547578220 · View on Broker Site

MLS# 621404· Source: Florida Keys Board of REALTORS®· 31 days on PropertySimple

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

1500 Ocean Bay Drive Apt P3, Key Largo, FL 33037

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