1500 Ocean Bay Drive Unit A1, Key Largo, FL 33037

Property Features

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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!

▼ Price Reduced — originally listed at $750,000

Property Details

• Listing ID: A12063168
• Status: Active
• Listing Date: 2026-07-31
• Property Type: Townhouse
• Unit / Building #: A1
• Subdivision: KAWAMA YACHT CLUB
• County: Monroe
• MLS Area: 5940 - Other Florida County
• Bedrooms: 2
• Full Bathrooms: 2
• Half Bathrooms: 1
• Living Area Sq Ft: 990
• Year Built: 1975

Financial

• List Price: $730,000
• Original List Price: $750,000
• HOA Fee: $427/mo
• Taxes: $3,770/yr

Features & Amenities

• View: Garden
• Pets Allowed: Yes
• Parking: Open
• Cooling: Central Air
• Heating: Central
• Flooring: Tile
• Construction: CBS
• Interior Features: Kitchen Island
• Exterior Features: Courtyard, Tennis Court(s), Balcony
• Community Amenities: Other, Picnic Area, Pool, Tennis Court(s), Maintenance

Courtesy of Keller Williams Capital Realty

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