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1530 Ocean Bay Drive , #304

Key Largo, FL 33070
  • $859,900
  • STATUS: Active
  • ON SITE: 28 Days
  • MLS #: 619532
UPDATED: 29 min ago
$859,900
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,188
    SQFT
  • $724
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1993
County:

School Ratings & Info

Description

Agent is also the owner. This property is being sold with over 100 5 STAR reviews on VRBO. This many reviews take years to attain. Kawama Tower is 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 generated over $110,000 per year in rental income for the last 3 years . 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.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Key West Luxury Real Estate Inc are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.keywestluxuryrealestateinc.com/homes/175292211
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1530 Ocean Bay Drive , #304 Key Largo, FL 33070

  • Price: $859,900
  • Status: Active
  • On Site: 28 Days
  • Updated: 29 min ago
  • MLS #: 619532
2
Beds
2
Baths
0
½ Baths
N/A
Acres
1,188
SQFT
$724
$/SQFT
1993
Built
Neighborhood:
Kawama Tower (100.0)
County:
Monroe
Area:
27 - Key Largo Mm 97-107
Property Description
Agent is also the owner. This property is being sold with over 100 5 STAR reviews on VRBO. This many reviews take years to attain. Kawama Tower is 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 generated over $110,000 per year in rental income for the last 3 years . 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.
Exterior Features

Architectural Style [] Attached Garage YN No Construction Materials CBS Dockage First Come Dock Exterior Features Built-in GrillChickee HutTennis Court(s) Floor Number 3 Parking Features Open Patio And Porch Features Open Porch/Balcony Pool Features In Ground Pool Private YN Yes Roof Concrete Roof Vehicle Storage Open Parking View [] Waterview No Waterview Window Features [] Windows Doors Single Hung Windows

Interior Features

Accessibility Features Parking Appliances WasherDryerDishwasherRefrigeratorRangeOvenMicrowaveFreezerStainless Steel Appliance(s) Cooling Central AirCeiling Fans(s) Cooling YN Yes Flooring Vinyl Furnished Furnished Heating Hot Water Heating YN True Interior Drapes/Blinds InclSplit BedroomBuilt-in CabinetsElevatorFire SprinklerSmoke AlarmsWindow TreatmentsQuartz Countertops Interior Features Built-in CabinetsElevatorFire SprinklerQuartz Countertops Laundry Features Laundry Room Levels [] Rooms Total 0 Specialty Rooms Laundry Room

Property Features

Above Flood Yes Association Fee 1440 Association Fee Includes Cable TV Association YN Yes Association1st Right Of Refusal No Bank Owned No Building Features [] Community Features [] Control Depth 0 Deed Restricts No Electric [] Flood Zone AE Frontage Type [] Green Energy Generation [] Green Water Conservation [] Handicap Access No Land Size 5 Less Than 10 Acres Listing Terms CashConventional Marathon Nbhd N/A Mile Marker 100 Min Rental Days 1 Off Shore Island YN No Other Equipment [] Other Structures [] Pets Allowed Yes Potential Short Sale No Pre Wired Cable Property Condition [] Property Sub Type Condominium Public Sewer Hookup Yes Rental Allowed Yes Security Features Manned Gate Special Licenses [] Tax Annual Amount 5027.61 Tax Legal Description UNIT 304 KAWAMA TOWER A CONDOMINIUM OR1335-1009 OR2029-2439/40 OR2627-523/25 OR2870-1241/42 Tax Year 2025 Title Title Ins - Buyer Transient Rental License Yes Utilities Cable Available Utilities Info Municipal SewerCable Available Water Source [] Waterfrnt No Waterfront Oceanfront Waterfront Features [] Waterfront YN No Zoning UR - Urban Residential Distrit

Listing courtesy of Diana Valbuena of Pedrin of Miami Realty, Inc.: 305-200-1125.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Key West Luxury Real Estate Inc are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Key West Luxury Real Estate Inc
619 Eaton Street, #2
Key West FL, 33040