1530 Ocean Bay Drive 207, Key Largo, FL 33037
$849,900
Property Type:
Residential
Bedrooms:
2
Baths:
2
Square Footage:
1,188
Status:
Active
Current Price:
$849,900
List Date:
11/27/2025
Last Modified:
1/27/2026
Listing Details MLS# 617490
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
- Unit #
- 207
- City
- KEY LARGO
- Off Shore Island
- No
- Mile Marker
- 100
- Marathon Neighborhood
- N/A
- Side
- Bay/Gulf
- Flood Zone
- AE,AE
- Alternate Key #
- 8843372
- Handicap Access
- No
- Parcel #
- 00090495-000207
- Zoning
- UR - Urban Residential Distrit
- Deed Restrictions
- Unknown
- Legal
- UNIT 207 KAWAMA TOWER A CONDOMINIUM OR1297-769 OR1411-2129/30 OR1411-2131AFF OR1765-1200/01 OR2000-818 OR2314-1297/98 O
- Taxes
- 3622.07
- Tax Year
- 2024
- Pub Sewer HkUp
- No
Contract Information
- Listing Board
- Florida Keys
- As is Rght to Inspct
- Yes
- Potential Short Sale
- No
- Bank Owned
- No
- Species List
- No
General Property Description
- Realtor.COM Type
- Residential - Condo/Townhouse
- Style
- Condo
- Waterfront
- No
- Control Depth
- 2
- Pool
- Yes
- Year Built
- 1993
- Total Units
- Yes
- Living Apx SqFt
- 1188
- SqFt Source
- Tax Records
- Total Bedrooms
- 2
- Full Baths
- 2
- Total Baths
- 2
- Rentals Allowed
- Yes
- Min Rental Days
- Yes
- Lot SqFt
- 0
Association Info
- Mandatory Home Owners Asc
- Yes
- 1st Right of Refusal
- No
- Association Fee $
- 1440
Building Style
- Above Flood
- Yes
More Information
Pool Info
- Heated
- Yes
- In Ground
- Yes
Financial Status
- Auction
- No
- Bank Owned
- No
- Potential Short Sale
- No
- Standard Sale
- Yes
Remarks & Misc
- Remarks – Consumer
- Agent is also the owner. Welcome to Kawama Tower, one of the very few communities in Key Largo that legally allows short-term daily rentals, making this an exceptional investment opportunity with strong passive-income potential. This property has the potential to generate $80,000-$100,00 in rental income annually. 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.
Fee Includes
- Cable
- Yes
Dockage
- None
- Yes
Tax Exemptions
- None
- Yes
Appliances
- Dishwasher
- Yes
- Dryer
- Yes
- Freezer
- Yes
- Microwave
- Yes
- Oven
- Yes
- Range
- Yes
- Refrigerator
- Yes
- Stainless Steel Appliance(s)
- Yes
- Washer
- Yes
Pets
- Pets Allowed
- Yes
Cooling
- Central Air
- Yes
Heating
- Central
- Yes
- Hot Water
- Yes
Waterfront
- None
- Yes
Waterview
- Salt Ponds
- Yes
- No Waterview
- Yes
Floor
- Vinyl
- Yes
Neighborhood Feature
- Tennis Courts
- Yes
Interior Features
- Built-in Cabinets
- Yes
- Drapes/Blinds Incl
- Yes
- Elevator
- Yes
- Quartz Countertops
- Yes
- Split Bedroom
- Yes
- Window Treatments
- Yes
Specialty Rooms
- Laundry Room
- Yes
Windows/Doors
- Single Hung Windows
- Yes
Vehicle Storage
- Open Parking
- Yes
Security
- Manned Gate
- Yes
Construction
- CBS
- Yes
Land Size
- 5 Less Than 10 Acres
- Yes
Furnished
- Furnished
- Yes
Terms
- Cash
- Yes
- Conventional
- Yes
- Other Specify
- Yes
Utilities
- Cable Available
- Yes
- Municipal Sewer
- Yes
Porch/Balcony
- Open Porch/Balcony
- Yes
Title
- Title Ins - Buyer
- Yes
Exterior Features
- Built-in Grill
- Yes
- Chickee Hut
- Yes
- Tennis Court(s)
- Yes
Pre-Wired
- Cable
- Yes
Roof
- Concrete Roof
- Yes
Accessibility Feat
- Parking
- Yes
Property Features
Fee Includes:
Cable
Tax Exemptions:
None
Waterfront:
None
Waterview:
Salt Ponds; No Waterview
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; Quartz Countertops; 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: January - 27 - 2026
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.