1530 Ocean Bay Drive 509, Key Largo, FL 33037

$786,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,188 Status: Closed
Current Price: $786,000 List Date: 6/18/2025 Last Modified: 8/26/2025

Description

Top-Floor Oceanfront Condo | STR Rentals Approved | Income-Producing Investor alert! This stunning top-floor 2BD/2BA condo in Kawama Tower offers breathtaking panoramic ocean views and is fully approved for short-term rentals—making it a rare and highly desirable income-producing property in Key Largo. Turn-key and rental-ready, the unit features impact windows and doors, an updated kitchen, new flooring, stylish bathrooms, and a spacious split-bedroom layout ideal for hosting guests. Balcony overlooking the ocean view. Maximize returns with high nightly rental rates, year-round demand, and a proven STR market in this sought-after location. Set in a gated, resort-style community with a private beach, deep-water marina to rent a slip, boat ramp, pool, tennis pickle ball courts, and 24/7 security, this property offers strong appreciation potential and immediate cash flow. Whether you're looking to expand your portfolio, complete a 1031 exchange, or own a piece of paradise—this property ticks all the boxes. It offers an excellent balance of lifestyle, convenience, and income potential. Unit 509 is a premium pick in Kawama Tower - Act now to secure your own slice of Key Largo paradise! Exceptional location, stunning views, and impressive amenities and rental income —your dream Island and oceanfront lifestyle awaits!

More Information MLS# 614754

Contract Information

Current Price: $786,000 Listing Date: 2025-04-23 Listing Board: Florida Keys Sold Price: $786,000 As is Rght to Inspct: Yes

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 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: 2025-08-25 Sold Price: $786,000 Status: Closed

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Association Fee $: 1350 Assoc/Mnt Fee Per: Monthly

Building Style

Above Flood: Yes Stories: 5 Stories

Pool Info

Heated: Yes

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Common Area Mnt; Security Tax Exemptions: None Waterfront: Oceanfront; Open Water Waterview: Ocean View; Open Water View Dockage: Boat Ramp Property Condition: Updated/Remodeled Vehicle Storage: Assigned Parking; Guest Parking; Trailer Storage Furnished: Furnished Cooling: Central Air Utilities: FKAA; Municipal Sewer Interior Features: Granite Counter Top; Quartz Countertops; Split Bedroom; Storage Specialty Rooms: Laundry Room Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Sandy Beach; Tennis Court(s) Pool Info: In Ground; Concrete Construction: CBS; Concrete Floor: Tile Roof: Concrete Roof Pets: Pets Allowed Neighborhood Feature: Beach; Bike Paths; Community Boat Ramp; Community Pool; Tennis Courts Security: Manned Gate Land Size: 10 or more Acres Terms: Cash; Conventional Title: Title Ins - Buyer

Documents

Listing Office: American Caribbean Real Estate, Christie's International Real Estate
Last Updated: August - 26 - 2025
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