Search for Property

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

Listing Board: Florida Keys As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: No Current Price: $859,900 Listing Date: 2025-12-10 List Price: $859,900

Location, Tax & Legal

Unit #: 210 City: KEY LARGO Off Shore Island: No Mile Marker: 100 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE Alternate Key #: 8843402 Handicap Access: No Parcel #: 00090495-000210 Zoning: UR - Urban Residential Distrit Deed Restrictions: Unknown Legal: UNIT 210 KAWAMA TOWER A CONDOMINIUM OR1282-100 OR1575-206 OR2547-784 OR3061-1939 OR3280-1721 Taxes: 3968.34 Tax Year: 2024 Pub Sewer HkUp: Yes 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 Waterfront: Yes Control Depth: 4 Lot SqFt: 0 Unit/Complex: Complex Pool: Yes Total Units: 48 SqFt Source: Property Data Card Rentals Allowed: Yes Min Rental Days: 1 Floor Number: 2 Style: Condo Year Built: 1993 Living Apx SqFt: 1188 Total Bedrooms: 2 Full Baths: 2 Total Baths: 2

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 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.

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Association Fee $: 1440

Fee Includes

Cable: 1

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Freezer: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Central Air: 1

Heating

Central: 1 Hot Water: 1

Waterfront

Oceanfront: 1

Waterview

Harbor/Marina View: 1 Ocean View: 1

Floor

Vinyl: 1

Neighborhood Feature

Tennis Courts: 1

Interior Features

Built-in Cabinets: 1 Drapes/Blinds Incl: 1 Elevator: 1 Fire Sprinkler: 1 Quartz Countertops: 1 Smoke Alarms: 1 Split Bedroom: 1 Window Treatments: 1

Specialty Rooms

Laundry Room: 1

Building Style

Above Flood: Yes

Windows/Doors

Single Hung Windows: 1

Vehicle Storage

Open Parking: 1

Security

Manned Gate: 1

Construction

CBS: 1

Land Size

5 Less Than 10 Acres: 1

Furnished

Furnished: 1

Terms

Cash: 1 Conventional: 1 Other Specify: 1

Utilities

Cable Available: 1 Municipal Sewer: 1

Porch/Balcony

Open Porch/Balcony: 1

Title

Title Ins - Buyer: 1

Exterior Features

Built-in Grill: 1 Chickee Hut: 1 Tennis Court(s): 1

Pool Info

In Ground: 1 Heated: Yes

Pre-Wired

Cable: 1

Roof

Concrete Roof: 1

Financial Status

Auction: No Bank Owned: No Potential Short Sale: No Standard Sale: Yes

Accessibility Feat

Parking: 1

Status Change Info

Status: Active

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.