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About This Home

This 2-bedroom, 2-bathroom townhouse at 1500 Ocean Bay Drive in Key Largo, FL is listed for $819,900 ($1,062 per sqft). Built in 1975, the home offers 772 sqft of living space on a 0.02 acres lot.

Agent Description

One of the very few properties in Key Largo that allows daily rentals, making it a highly desirable business opportunity for passive income. The property has the ability to generate over $100,000 annually. Ideally located directly in front of the pool, it offers a beautiful view of the saltwater lagoon and resort-style pool, enhancing both guest appeal and rental demand. A

Key Features

  • Built in 1975
  • 0.02 acre lot
  • Private pool
  • Waterfront

Property Details

2 full
#C6
1975

Amenities

PoolWaterfrontViewA/C

Monthly Cost Estimate

$5,235/mo

20% down · 6.5% · 30 years

Principal$593
Interest$3,553
Insurance$239
HOA$850

Estimates only. Actual payments may vary.

Location

1500 Ocean Bay Drive

Key Largo, FL 33037

Kawama Yacht Club (100.0)

Features & Amenities

Interior Features

Smart ThermostatBuilt-in CabinetsQuartz Countertops

Exterior Features

Built-in GrillChickee HutRain GuttersLightingOutdoor KitchenSandy BeachTennis Court(s)

Property Details

Flooring

Tile

Construction

CBS

Views

Lake

Pool Features

PorchPatio

Parking

Open

Cooling

Central Air

Appliances

WasherDryerDishwasherRangeOvenMicrowaveIce MachineStainless Steel Appliance(s)

Questions & Answers

This 2-bedroom, 2-bathroom townhouse at 1500 Ocean Bay Drive is listed at $819,900 ($1,062/sqft). The estimated monthly payment is $4,403 based on 20% down at 6.5% interest.

HOA fees are $850/month.

Key features include: Built in 1975, 0.02 acre lot, Private pool, Waterfront. Interior Features: Smart Thermostat, Built-in Cabinets, Quartz Countertops. Exterior Features: Built-in Grill, Chickee Hut, Rain Gutters.

This property is listed by Diana Valbuena and can be reached at 3057215775 or valbuenapartners@gmail.com.

DV

Diana Valbuena

Agent at Pedrin of Miami Realty, Inc.

(305) 721-5775

Listed by Pedrin of Miami Realty, Inc. · View on Broker Site

MLS# 619505· Source: listhub· Updated 47 days ago

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, Key Largo, FL 33037

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