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1530 Ocean Bay Drive 210, Key Largo, FL 33037
$859,900
Property Type:
Residential
Bedrooms:
2
Baths:
2
Square Footage:
1,188
Status:
Active
Current Price:
$859,900
List Date:
12/11/2025
Last Modified:
12/11/2025
Description
Agent is also the owner. Welcome to Kawama Tower, one of the very few communities in Key Largo that legally allows short-term rentals, making this an exceptional investment opportunity with strong passive-income potential. This property had $84,000 in rental income in an average of 10 months. Kawama Tower is approved for DSCR loans that are based solely on potential rental income. Contact Listing agent/ Owner for details.
This beautifully updated 2-bedroom, 2-bath condo with a great view has been fully remodeled by a professional interior designer, offering a modern coastal aesthetic, turnkey furnishings, and a spacious layout ideal for both personal enjoyment and rental guests.
Located in an oceanfront, gated resort community, this unit offers marina views and access to premium amenities including a private sandy beach, saltwater lagoon, heated pools, tennis courts, playground, boat ramp, on-site security, and more.
Highlights:
Fully renovated 2/2 with designer finishes
Oceanfront community with marina views
One of the few Key Largo neighborhoods permitting short-term rentals
Turnkey and ready for immediate occupancy or rental
Resort amenities: pools, lagoon, beach, tennis, boat ramp, 24/7 security
Gated community at MM 100, close to Pennekamp, dining, and shopping
This is a rare opportunity to own a high-performing, short-term rental in one of the most desirable oceanfront communities in the Upper Keys.
More Information MLS# 617677
Contract Information
Current Price: $859,900
Listing Date: 2025-12-10
Listing Board: Florida Keys
List Price: $859,900
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Location Tax Legal
Street #: 1530
Street Name: Ocean Bay
Street Suffix: Drive
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
County: Monroe
Subdivision: Kawama Tower (100.0)
Area: 27 - Key Largo MM 97-107
General Property Description
Realtor.COM Type: Residential - Condo/Townhouse
Style: Condo
Waterfront: Yes
Control Depth: 4
Unit/Complex: Complex
Pool: Yes
Year Built: 1993
Total Units: 48
Living Apx SqFt: 1188
SqFt Source: Property Data Card
Total Bedrooms: 2
Full Baths: 2
Total Baths: 2
Floor Number: 2
Rentals Allowed: Yes
Min Rental Days: 1
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 1440
Building Style
Above Flood: Yes
Pool Info
Heated: Yes
Financial Status
Auction: No
Bank Owned: No
Potential Short Sale: No
Standard Sale: Yes
Property Features
Fee Includes: Cable
Tax Exemptions: None
Waterfront: Oceanfront
Waterview: Harbor/Marina View; Ocean View
Dockage: None
Vehicle Storage: Open Parking
Furnished: Furnished
Cooling: Central Air
Heating: Central; Hot Water
Utilities: Cable Available; Municipal Sewer
Interior Features: Built-in Cabinets; Drapes/Blinds Incl; Elevator; Fire Sprinkler; Quartz Countertops; Smoke Alarms; Split Bedroom; Window Treatments
Pre-Wired: Cable
Specialty Rooms: Laundry Room
Appliances: Dishwasher; Dryer; Freezer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features: Built-in Grill; Chickee Hut; Tennis Court(s)
Accessibility Feat: Parking
Pool Info: In Ground
Construction: CBS
Floor: Vinyl
Roof: Concrete Roof
Pets: Pets Allowed
Neighborhood Feature: Tennis Courts
Security: Manned Gate
Land Size: 5 Less Than 10 Acres
Terms: Cash; Conventional; Other Specify
Title: Title Ins - Buyer
Listing Office: Pedrin of Miami Realty, Inc.
Last Updated: December - 11 - 2025
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.
