# 1500 Ocean Bay Drive Apt E5, Key Largo, FL 33037 > **TL;DR:** 2bd/3ba condo, $795,000 ($1038/sqft), built 1975, 766 sqft. > Pool, Waterfront, A/C. Est. $5,102/mo. Listed 120 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $795,000 | | Price/sqft | $1038 | | Bedrooms | 2 | | Bathrooms | 2 full, 1 half | | Square Feet | 766 | | Year Built | 1975 | | Property Type | Condo (Condominium) | | Status | Active | | Days on Market | 120 | ## Why This Home Stands Out - **Pool** - Porch - **Waterfront** - Waterfront location listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $4,020 | | Estimated Insurance | $232 | | HOA | $850 | | **Total** | **$5,102** | ## Key Amenities - Pool - Waterfront - A/C ## Property Highlights - Built in 1975 - Private pool - Waterfront ## Description ### Agent Description KAWAMA YACHT CLUB BEAUTIFULLY RENOVATED 2 Bedrooms - 2 Full Bathrooms Unit E5, CBS Block Townhome located on a beautiful Saltwater Lagoon in an Oceanfront Manned Gated Community, in the heart of Key Largo. EXCELLENT RENTAL INCOME, one of the few Florida Keys properties that can be rented DAILY-NIGHTLY, the majority of the Keys rental properties can only be rented every 28 days. CURRENTLY GENERATING RENTAL INCOME of $98,980 yearly. Being offered Turnkey, this lovely Townhome is ready for you to use or rent day one. Extensively renovated, beautiful Kitchen featuring Stainless Steel Appliances, Custom Cabinets and Lighting, Tile Backsplash, and Plantation Shutters. Newer Daikin AC unit with an 8 year warranty. Spacious Living-Dinning aera, beautiful Water Vistas of the Saltwater Lagoon. Screened-In Patio with lovely Water Vistas of the Saltwater Lagoon. Beautiful Wood-Laminate Flooring throughout the lower floor and patio area. Spacious and Beautiful Master Bedroom featuring a Private Tiled Screened-In Balcony overlooking the Saltwater Lagoon below. The Master Bedroom also has a Wall Mounted TV, Ceiling Fan-Light, Beautiful Tile Flooring, and 2 Spacious Closets. The Second Bedroom features Tile Flooring, Ceiling Fan-Light, Plantation Shutters, Ceiling Mounted TV, and a Spacious Closet. Large Open Covered Patio at the entrance to the Townhome, great place to Barbecue and entertain family and guest. Community Boat Storage and Marina Boat Ramp, launch your boat on the Ocean side, World Class Fishing and Diving. This lovely community has 2 Sparkling Heated Pools, one has a wonderful Beach that leads into the Saltwater Lagoon, great for Kayaking, Paddle Boarding, and Rafting. The other Pool has a Large Tiki Hut, great for gatherings and events. Tennis and Pickle Ball Courts. Jetty with a Gazebo, Oceanfront Beaches, Tiki Huts and Bar-B-Q Grills. Excellent location to local shopping and restaurants. Miami Airport is only a 90 minute drive. Kawama Keys Paradise Awaits! ## Location - **Address:** 1500 Ocean Bay Drive Apt E5, Key Largo, FL 33037 - **County:** Monroe - **Neighborhood:** Kawama Yacht Club (100.0) - **Coordinates:** 25.080235, -80.443723 - **Google Maps:** https://www.google.com/maps?q=25.080235,-80.443723 ## Virtual Tour & Media - **Video Tour:** https://kuula.co/share/collection/7MH3x?logo=0&info=0&fs=1&vr=0&zoom=1&gyro=0&initload=0&thumbs=1&keys=0 ## Listing Agent - **Name:** Dan Cloud · **License:** 3144777 - **Brokerage:** Water Vista Realty LLC - **Broker Phone:** (561) 427-4941 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1500-Ocean-Bay-Dr-Apt-E5_Key-Largo_FL_33037_M58562-28232?f=listhub&s=FLKEYSMLSFL&m=620527&c=propsimple) ## Photos ![1500 Ocean Bay Drive Apt E5 - Photo 1](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f1934589383r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 2](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f2170321271r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 3](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f2809286795r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 4](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f134803308r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 5](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f4192920964r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 6](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f1751903891r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 7](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f104586807r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 8](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f2292309513r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 9](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f1145357155r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 10](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f463516267r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 11](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f710615074r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 12](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f3925717729r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 13](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f1736397353r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 14](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f2234988350r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 15](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f2434222990r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 16](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f3360332819r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 17](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f1897927896r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 18](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f1128367013r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 19](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f2080014200r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 20](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f2783315027r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 21](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f2237320916r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 22](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f2523512597r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 23](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f3395811836r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 24](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f84348510r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 25](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f2023425260r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 26](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f546249634r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 27](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f274477232r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 28](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f2752178291r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 29](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f1660541249r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 30](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f2365475840r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 31](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f3536655528r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 32](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f3632144088r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 33](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f3690988107r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 34](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f710161872r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 35](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f1798545878r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 36](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f337854135r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 37](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f517949432r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 38](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f2746265192r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 39](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f2337109479r.jpg) ![1500 Ocean Bay Drive Apt E5 - Photo 40](http://lh.rdcpix.com/6170d10c68fa70d3678c46db5c3cd797l-f31749638r.jpg) --- **MLS#:** 620527 | **Updated:** 2026-10-25 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/1500-ocean-bay-drive-key-largo-fl-33037-b31dd85e365045108e4985b4a65c7e7a) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1500-ocean-bay-drive-key-largo-fl-33037-b31dd85e365045108e4985b4a65c7e7a#listing", "url": "https://www.propertysimple.ai/listing/1500-ocean-bay-drive-key-largo-fl-33037-b31dd85e365045108e4985b4a65c7e7a", "name": "1500 Ocean Bay Drive Apt E5, Key Largo, FL 33037", "description": "KAWAMA YACHT CLUB BEAUTIFULLY RENOVATED 2 Bedrooms - 2 Full Bathrooms Unit E5, CBS Block Townhome located on a beautiful Saltwater Lagoon in an Oceanfront Manned Gated Community, in the heart of Key Largo. EXCELLENT RENTAL INCOME, one of the few Florida Keys properties that can be rented DAILY-NIGHTLY, the majority of the Keys rental properties can only be rented every 28 days. CURRENTLY GENERATING RENTAL INCOME of $98,980 yearly. Being offered Turnkey, this lovely Townhome is ready for you to use or rent day one. Extensively renovated, beautiful Kitchen featuring Stainless Steel Appliances, Custom Cabinets and Lighting, Tile Backsplash, and Plantation Shutters. Newer Daikin AC unit with an 8 year warranty. Spacious Living-Dinning aera, beautiful Water Vistas of the Saltwater Lagoon. Screened-In Patio with lovely Water Vistas of the Saltwater Lagoon. Beautiful Wood-Laminate Flooring throughout the lower floor and patio area. Spacious and Beautiful Master Bedroom featuring a Private Tiled Screened-In Balcony overlooking the Saltwater Lagoon below. The Master Bedroom also has a Wall Mounted TV, Ceiling Fan-Light, Beautiful Tile Flooring, and 2 Spacious Closets. The Second Bedroom features Tile Flooring, Ceiling Fan-Light, Plantation Shutters, Ceiling Mounted TV, and a Spacious Closet. Large Open Covered Patio at the entrance to the Townhome, great place to Barbecue and entertain family and guest. Community Boat Storage and Marina Boat Ramp, launch your boat on the Ocean side, World Class Fishing and Diving. This lovely community has 2 Sparkling Heated Pools, one has a wonderful Beach that leads into the Saltwater Lagoon, great for Kayaking, Paddle Boarding, and Rafting. The other Pool has a Large Tiki Hut, great for gatherings and events. Tennis and Pickle Ball Courts. Jetty with a Gazebo, Oceanfront Beaches, Tiki Huts and Bar-B-Q Grills. Excellent location to local shopping and restaurants. Miami Airport is only a 90 minute drive. 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