1530 Ocean Bay Drive 508, Key Largo, FL 33037
$672,000
Property Type:
Residential
Bedrooms:
2
Baths:
2
Square Footage:
1,188
Lot Size (sq. ft.):
1,322
Status:
Closed
Current Price:
$672,000
List Date:
8/29/2025
Last Modified:
12/10/2025
Description
Turnkey investment opportunity in the heart of Key Largo! This property qualifies for special financing where personal income verification is not required. Approval is based solely on the property's proven or projected rental income, making it an ideal opportunity for investors seeking a high-return vacation rental or short-term rental property. Property has potential to generate over $100,000 per year in rental income. This updated 2BR/2BA condo at Kawama Yacht Club Tower (Unit 508) is being sold as a potentially high-performance short-term rental. Rare legal daily rental zoning ideal for maximizing occupancy and cash flow. Fully furnished, impact windows, beautifully maintained, and ready to generate revenue from day one. Resort amenities include marina, pools, beach, tennis, pickleball and 24/7 gated security. Excellent ROI in one of the most desirable waterfront communities in the Florida Keys.
More Information MLS# 615672
Contract Information
Current Price: $672,000
Listing Date: 2025-07-03
Listing Board: Florida Keys
Sold Price: $672,000
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: 6
Unit/Complex: Unit
Pool: Yes
Year Built: 1993
Total Units: 48
Lot SqFt: 1322
Lot Sqft Source: Tax Records
Living Apx SqFt: 1188
SqFt Source: Tax Records
Total Bedrooms: 2
Full Baths: 2
Total Baths: 2
Rentals Allowed: Yes
Min Rental Days: 1
Status Change Info
Sold Date: 2025-12-08
Sold Price: $672,000
Status: Closed
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 1055
Maintenance Fee $: 385
Assoc/Mnt Fee Per: Monthly
Building Style
Above Flood: Yes
Stories: 5 Stories
Pool Info
Heated: Yes
Financial Status
Auction: No
Bank Owned: No
Potential Short Sale: No
Standard Sale: Yes
Property Features
Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Exterminating; Security; Sewer
Tax Exemptions: None
Waterfront: Oceanfront
Waterview: Ocean View
Dockage: Boat Ramp
Vehicle Storage: Open Parking
Furnished: Furnished
Cooling: Ceiling Fans(s)
Heating: Hot Water
Utilities: Cable Available
Interior Features: Built-in Cabinets; Drapes/Blinds Incl; Elevator; Granite Counter Top; Smoke Alarms; Walk-in Closet(s); Window Treatments
Pre-Wired: Cable
Appliances: Dishwasher; Disposal; Dryer; Microwave; Oven; Range; Refrigerator; Washer
Exterior Features: Tennis Court(s)
Pool Info: In Ground
Construction: CBS; Stucco
Floor: Laminate
Pets: Pets Allowed
Land Size: 10 or more Acres
Terms: Cash; Conventional
Title: Title Ins - Buyer
GF-Interior Features: Programmable Thermst
Listing Office: Pedrin of Miami Realty, Inc.
Last Updated: December - 10 - 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.
