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1500 Ocean Bay Drive APT P3

Key Largo, FL, 33037

Active

$899,900

2

Bedrooms

3

Bathrooms

1,066 sqft

Living Area

1983

Year Built

$1,425

HOA / Monthly

5

Days on Market

Dock & Water AccessMLS

Salt Ponds

Data sources: SFWMD AHED waterway polygons · FHWA National Bridge Inventory 2024 · Not provided by the MLS or listing broker.

Description

Remodeled Kawama townhome w/ 3 night rentals allowed. Gated community on the ocean side mile marker 99. The community offers full resort amenities such as a salt-water swimming lagoon, two heated pools, tennis and pickleball courts, kids playground, tiki hut with outdoor kitchen and bbq areas and tropical walking path beside the lagoon. There is also a full marina in the community with boat ramp and boat/trailer parking. The house itself has porcelain tile throughout, quartz counters in kitchen and bath, A legally enclosed first floor with central AC added. The floorplan is wonderful offering a full bath on each of the three floors. This is one of the only communities legally allowed to offer 3 night minimum rentals. The unit has rental license exemption from the County which is transferrable. The unit has strong rental history, seller is willing to disclose to buyer.

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Location

Key Largo, FL, 33037

No price history available for this property.

Displayed by Blue Mar Real Estate Group Inc., Licensed Florida Real Estate Broker (DBPR CQ1018554) · [email protected]

Listing courtesy of JC Realty Group, Inc. via Florida Keys MLS

Last checked: 11 hours ago

Listing updated: September 27, 2026

© 2026 Florida Keys Board of REALTORS®, Inc. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of the Florida Keys Board of REALTORS®. Information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Nearest Bridge Clearances

Florida Keys, critical for tall/large vessels

No bridge data available for this location.
FEMA Flood Zone AE
BFE: 9ft

Special Flood Hazard Area

View FEMA Flood Map →

Mortgage Calculator

Estimate your monthly payment for this waterfront property

20%

$179,980 down

%
Principal & Interest$4,669/mo
Property Tax (est. ~1.2%, varies by county)$900/mo
Home Insurance (est.)$250/mo
HOA Fees$1,425/mo
Total Monthly Payment$7,244
Loan Amount: $719,920Rate: 6.75%
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$899,900Tour the dockSchedule a Showing