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1530 Ocean Bay Drive DRIVE #304

KEY LARGO, FL 33070

$859,900 $3,625/Mo

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Overview

Bed

Bath

1,188

Sqft

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 r ental 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.

Property Details

Property Type : Residential - Condo/Townhouse

Price : $859,900

AD Id : 77527781

MLS Id : 619532

Beds : 2

Living Area Size : 1,188

Year Built : 1993

Garage : 3.00

County : Monroe

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 2 Laundry Room

Bathroom Information

Total Baths: 2 Full Baths: 2
Interior Features

Drapes/Blinds Incl,Built-in Cabinets,Quartz Countertops,Window Treatments,Smoke Alarms,Fire Sprinkler,Elevator,Split Bedroom Appliances: Washer,Stainless Steel Appliance(s),Freezer,Microwave,Oven,Range,Refrigerator,Dishwasher,Dryer
Roofing Information

Concrete Roof

Flooring Information

Vinyl

Heating & Cooling

Cooling: Central Air,Ceiling Fans(s) Heating: Hot Water Water Front: No Oceanfront No Waterview

Window Information

Window Treatments: Single Hung Windows

Building Information

Year Built: 1993 Total Floors: 3 Total Units: 1.00 Floor Location: 0 Construction: CBS Security System: Manned Gate Roof: Concrete Roof
Exterior Features

Built-in Grill,Tennis Court(s),Chickee Hut

Pool Information

In Ground

Lot Information

Lot Dimensions: X Lot SqFt: 0 UNIT 304 KAWAMA TOWER A CONDOMINIUM OR1335-1009 OR2029-2439/40 OR2627-523/25 OR2870-1241/42
Property Information

SQ ft (Living Area): 1,188 View: No Waterview Subdivision: Kawama Tower (100.0)

Listing Price Information

List Price: $859,900
Listing Information

Cash,Conventional

Tax Information

Taxes: $5,028 Tax Year: 2025 Parcel Number: 00090495-000304 Tax Exemptions: None

Multi-Unit Information

Pets Allowed: Pets Allowed
Homeowners Association Information

Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Association Fee: $1440.00

Utility Information

Municipal Sewer,Cable Available

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