How do I schedule a tour of 1500 Ocean Bay Drive F5, Key Largo, FL 33037?

Use the Tour button on this listing to request a showing of 1500 Ocean Bay Drive F5, 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 F5, Key Largo, FL 33037 still available?

1500 Ocean Bay Drive F5, Key Largo, FL 33037 is currently listed as Active, and has been on the market 98 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 F5, Key Largo, FL 33037?

With 20% down ($158,000) on the $790,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1500 Ocean Bay Drive F5, Key Largo, FL 33037 is about $4,152/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 F5, 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 F5, 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 F5, Key Largo, FL 33037 have an HOA fee?

Yes: 1500 Ocean Bay Drive F5, Key Largo, FL 33037 carries an HOA fee of about $850 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 F5, Key Largo, FL 33037?

1500 Ocean Bay Drive F5, 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 F5, Key Largo, FL 33037?

Often, yes. The right offer on 1500 Ocean Bay Drive F5, Key Largo, FL 33037 depends on how it's priced against comparable condo 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

98 Days on Market

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$790,000

1500 Ocean Bay Drive F5

Key Largo, FL 33037

KAWAMA YACHT CLUB

Explore the area: Monroe County real estate

Price Check

How this price compares

List price: $790,000
Price per sq ft: $861
Original price: $845,000
Days on market: 98

This 2-bedroom condo is listed at $790,000, or $861 per square foot. The asking price has come down 6.5% from its original $845,000. It has been on the market for 98 days.

Bedrooms

Bathrooms

918

Living Sq Ft

1975

Year Built

Estimated monthly payment

$4,152 /mo

Principal and interest only, based on $158,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $850/mo HOA are not included.

Customize this estimate

Listing Snapshot

Price: $790,000
Days on Site: 98 Days
Bedrooms: 2
Total Baths: 2
Full Baths: 2
Partial Baths: 0
Living Area: 918 sqft
Total Sq Ft: 1,510 sqft
Year Built: 1975
Property Type: Condo
MLS #: A11991691
Property Tax: $5,999 (2025)
HOA Fees: $850 / Monthly
Subdivision: KAWAMA YACHT CLUB
County: Monroe
Status: Active
Special Conditions: Listed As Is

About This Property

Ready to go rental unit! Nightly rentals are permitted. New furniture, newer appliances, ready for your renters. Step into the kitchen, a culinary haven boasting modern appliances, sleek granite countertops, and a comprehensive array of essentials, ensuring every meal is a delight. The inviting living room offers a comfortable sofa, which effortlessly transforms into additional sleeping space, accommodating even more guests. This unit has everything you need to be a successful investment property. 3 covered patios, open upper deck to watch the sunset. This unit is located on the swimming lagoon with a beach. Enjoy the community pools, tennis courts, playground and a marina with a boat ramp. There is also room for boat trailer storage. This is a gated community with 24-hour security. You can reach several local restaurants by golf cart with never driving on US1. Key Largo Park is also an easy golf cart ride away, play pickle ball, tennis or enjoy the kid's area. This unit has everything you need to use for your own enjoyment and generate an income when you are not using it.

Virtual Tour

General Features

Property Type: Condo
Status: Active
Year Built: 1975
Number of Stories: 2
Garage Spaces: 0
Parking: Boat / Guest / Open / Rv Access Parking
Living Sq Ft: 918
Total Sq Ft: 1,510

Interior Features

Appliances: Dryer / Dishwasher / Microwave / Refrigerator / Washer
Cooling: Central Air
Heating: Central
Flooring: Ceramic Tile / Vinyl
Interior Features: Upper Level Primary
Furnished: Furnished

Exterior Features

Construction: Block
Exterior Features: Balcony / Outdoor Living Area / Porch
Pool Features: Association
Patio & Porch: Deck / Porch / Screened / Balcony
Waterfront: Yes
Waterfront Features: Lagoon / Ocean Front
View: Lagoon

Community & HOA

HOA Fee: $850 / Monthly
HOA Includes: Common Areas / Maintenance Grounds
Association Amenities: Pool / Tennis Courts
Community Features: Home Owners Association
Security: Security Guard
Pets Allowed: Pet Restrictions / Yes
Financing Terms: Cash / Conventional
MLS Area: 5940 - Other Florida County

Schools

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

About the Area

Key Largo

View Key Largo Real Estate →

Homes for Sale: 217
Median List Price: $899,000
Median $/Sq Ft: $698
Avg Days on Market: 158

View all 217 homes for sale in Key Largo →

Frequently Asked Questions

How do I schedule a tour of 1500 Ocean Bay Drive F5, Key Largo, FL 33037?: Use the Tour button on this listing to request a showing of 1500 Ocean Bay Drive F5, 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 F5, Key Largo, FL 33037 still available?: 1500 Ocean Bay Drive F5, Key Largo, FL 33037 is currently listed as Active, and has been on the market 98 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 F5, Key Largo, FL 33037?: With 20% down ($158,000) on the $790,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1500 Ocean Bay Drive F5, Key Largo, FL 33037 is about $4,152/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 F5, 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 F5, 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 F5, Key Largo, FL 33037 have an HOA fee?: Yes: 1500 Ocean Bay Drive F5, Key Largo, FL 33037 carries an HOA fee of about $850 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 F5, Key Largo, FL 33037?: 1500 Ocean Bay Drive F5, 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 F5, Key Largo, FL 33037?: Often, yes. The right offer on 1500 Ocean Bay Drive F5, Key Largo, FL 33037 depends on how it's priced against comparable condo 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 American Caribbean Real Estate

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 June 25, 2026.

$790,000