How do I schedule a tour of 1500 Ocean Bay Drive A1, Key Largo, FL 33037?

Use the Tour button on this listing to request a showing of 1500 Ocean Bay Drive A1, Key Largo, FL 33037. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.

Is 1500 Ocean Bay Drive A1, Key Largo, FL 33037 still available?

1500 Ocean Bay Drive A1, Key Largo, FL 33037 is currently listed as Active, and has been on the market 74 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.

How much is the monthly payment for 1500 Ocean Bay Drive A1, Key Largo, FL 33037?

With 20% down ($150,000) on the $750,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1500 Ocean Bay Drive A1, Key Largo, FL 33037 is about $3,942/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.

How do I get pre-approved to buy 1500 Ocean Bay Drive A1, Key Largo, FL 33037?

Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1500 Ocean Bay Drive A1, Key Largo, FL 33037. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.

Does 1500 Ocean Bay Drive A1, Key Largo, FL 33037 have an HOA fee?

Yes: 1500 Ocean Bay Drive A1, Key Largo, FL 33037 carries an HOA fee of about $427 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.

What schools serve 1500 Ocean Bay Drive A1, Key Largo, FL 33037?

1500 Ocean Bay Drive A1, Key Largo, FL 33037 is zoned for Key Largo (elementary), Key Largo (middle), Coral Shores (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.

Can I negotiate the price of 1500 Ocean Bay Drive A1, Key Largo, FL 33037?

Often, yes. The right offer on 1500 Ocean Bay Drive A1, Key Largo, FL 33037 depends on how it's priced against comparable townhouse sales in Key Largo, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.

Active

74 Days on Market

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$750,000

1500 Ocean Bay Drive A1

Key Largo, FL 33037

KAWAMA YACHT CLUB

Explore the area: Monroe County real estate

Price Check

How this price compares

List price: $750,000
Price per sq ft: $758
Original price: Unchanged
Days on market: 74

This 2-bedroom townhouse in Kawama Yacht Club is listed at $750,000, or $758 per square foot. It has been on the market for 74 days.

Bedrooms

Bathrooms

990

Living Sq Ft

1975

Year Built

Estimated monthly payment

$3,942 /mo

Principal and interest only, based on $150,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $427/mo HOA are not included.

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Listing Snapshot

Price: $750,000
Days on Site: 74 Days
Bedrooms: 2
Total Baths: 3
Full Baths: 2
Partial Baths: 1
Living Area: 990 sqft
Total Sq Ft: 1,370 sqft
Year Built: 1975
Property Type: Townhouse
MLS #: A12063168
Property Tax: $3,770 (2025)
HOA Fees: $427 / Monthly
Subdivision: KAWAMA YACHT CLUB
County: Monroe
Status: Active
Special Conditions: Listed As Is

About This Property

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!

MLS media link

General Features

Property Type: Townhouse
Status: Active
Year Built: 1975
Number of Stories: 2
Levels: Two
Garage Spaces: 0
Parking: Open
Living Sq Ft: 990
Total Sq Ft: 1,370
Structure Type: Townhouse

Interior Features

Appliances: Electric Range / Microwave / Refrigerator
Cooling: Central Air
Heating: Central
Flooring: Tile
Interior Features: Bathtub / Dining Area / Separate Formal Dining Room / Eat In Kitchen / Kitchen Island / None / Soaking Tub

Exterior Features

Construction: CBS Concrete Block Structure / Block
Exterior Features: Balcony / Courtyard / Outdoor Living Area / Tennis Courts
Pool Features: Association
Patio & Porch: Open / Patio / Screened / Balcony
View: Garden

Community & HOA

HOA Fee: $427 / Monthly
Association Amenities: Maintenance Grounds / Other / Picnic Area / Pool / Tennis Courts
Community Features: Home Owners Association
Security: Security Guard
Pets Allowed: Yes
Financing Terms: Cash
Restrictions: No Restrictions
MLS Area: 5940 - Other Florida County

Schools

Elementary School: Key Largo
Middle School: Key Largo
High School: Coral Shores

About the Community

Kawama Yacht Club

View Community Details →

Homes for Sale: 2
Under Contract: 0
Median List Price: $780,000
Median $/Sq Ft: $820
Avg Days on Market: 77

View all 2 homes for sale in Kawama Yacht Club →

Frequently Asked Questions

How do I schedule a tour of 1500 Ocean Bay Drive A1, Key Largo, FL 33037?: Use the Tour button on this listing to request a showing of 1500 Ocean Bay Drive A1, Key Largo, FL 33037. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
Is 1500 Ocean Bay Drive A1, Key Largo, FL 33037 still available?: 1500 Ocean Bay Drive A1, Key Largo, FL 33037 is currently listed as Active, and has been on the market 74 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
How much is the monthly payment for 1500 Ocean Bay Drive A1, Key Largo, FL 33037?: With 20% down ($150,000) on the $750,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1500 Ocean Bay Drive A1, Key Largo, FL 33037 is about $3,942/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
How do I get pre-approved to buy 1500 Ocean Bay Drive A1, Key Largo, FL 33037?: Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1500 Ocean Bay Drive A1, Key Largo, FL 33037. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
Does 1500 Ocean Bay Drive A1, Key Largo, FL 33037 have an HOA fee?: Yes: 1500 Ocean Bay Drive A1, Key Largo, FL 33037 carries an HOA fee of about $427 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
What schools serve 1500 Ocean Bay Drive A1, Key Largo, FL 33037?: 1500 Ocean Bay Drive A1, Key Largo, FL 33037 is zoned for Key Largo (elementary), Key Largo (middle), Coral Shores (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
Can I negotiate the price of 1500 Ocean Bay Drive A1, Key Largo, FL 33037?: Often, yes. The right offer on 1500 Ocean Bay Drive A1, Key Largo, FL 33037 depends on how it's priced against comparable townhouse sales in Key Largo, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.

Listing courtesy of Keller Williams Capital Realty

Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated August 1, 2026.

$750,000