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1500 Ocean Bay Drive F5

Key Largo, FL, 33037

Active

$790,000

2

Bedrooms

2

Bathrooms

918 sqft

Living Area

1975

Year Built

$850

HOA / Monthly

167

Days on Market

Dock & Water AccessMLS

Oceanfront

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

Description

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. This unit is managed by a local property manager. Rentals on the books will transfer to new buyer. Built in rental income!

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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 American Caribbean Real Estate, Christie's International Real Estate via Florida Keys MLS

Last checked: 3 hours ago

Listing updated: September 9, 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.

Mortgage Calculator

Estimate your monthly payment for this waterfront property

20%

$158,000 down

%
Principal & Interest$4,099/mo
Property Tax (est. ~1.2%, varies by county)$790/mo
Home Insurance (est.)$250/mo
HOA Fees$850/mo
Total Monthly Payment$5,989
Loan Amount: $632,000Rate: 6.75%
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$790,000Tour the dockSchedule a Showing