# 1500 Ocean Bay Drive, Key Largo, FL 33037

> **TL;DR:** 2bd/2ba townhouse, $819,900 ($1062/sqft), built 1975, 772 sqft.
> Pool, Waterfront, View, A/C. Est. $4,403/mo. Listed 47 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $819,900 |
| Price/sqft | $1062 |
| Bedrooms | 2 |
| Bathrooms | 2 full |
| Square Feet | 772 |
| Year Built | 1975 |
| Lot Size | 749 sqft (0.02 acres) |
| Property Type | Townhouse (Townhouse) |
| Status | For Sale |
| Days on Market | 47 |

## Why This Home Stands Out

- **Pool** - Porch, Patio
- **Waterfront** - Direct water access
- **Views** - Lake

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,553 |
| HOA | $850 |
| **Total** | **$4,403** |

## Key Amenities

- Pool
- Waterfront
- View
- A/C

## Property Highlights

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

## Description

### 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

## Location

- **Address:** 1500 Ocean Bay Drive, Key Largo, FL 33037
- **County:** Monroe
- **Neighborhood:** Kawama Yacht Club (100.0)
- **Coordinates:** 25.080521, -80.443669
- **Google Maps:** https://www.google.com/maps?q=25.080521,-80.443669

## Listing Agent

- **Name:** Diana Valbuena
- **Brokerage:** Pedrin of Miami Realty, Inc.
- **Phone:** 3057215775
- **Email:** valbuenapartners@gmail.com

## Primary Photo

![1500 Ocean Bay Drive - Primary Photo](http://lh.rdcpix.com/2acdf6d2923a73472d86164a38480090l-f2615817507r.jpg)

*26 total photos available on [listing page](https://www.propertysimple.com/listing/1500-ocean-bay-drive-key-largo-fl-33037-l619505)*

---

**MLS#:** 619505 | **Updated:** 2026-06-18
**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.com/listing/1500-ocean-bay-drive-key-largo-fl-33037-l619505)

---

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