Under contract

1530 Ocean Bay Dr 304, Key Largo, FL 33070

Beds
2
Baths
2
Sqft
1,188
Pool
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byPedrin of Miami Realty, Inc.
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Overview

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.

Location

Full feature list

Basic info

Property type
Condo/Co-op
Number of bedrooms
2
Number of bathrooms
2
Square feet
1,188
Year built
1993

Interior features

Laundry
Laundry Room

Exterior features

Pool
Yes
Water view
Yes
Waterfront
Ocean Front

Utilities

Heating
Hot Water
Cooling
Ceiling Fans, Central Air

Taxes

Tax Annual Amount (2025)
$5,027.61

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Florida Keys Board of Realtors MLS MLS®#: 619532 Last checked:

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2026 Florida Keys Board of REALTORS®, Inc.