1530 Ocean Bay Drive 207, KEY LARGO, FL

$849,900

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2

Beds

2

Baths

1,188

Square feet

About 1530 Ocean Bay Drive 207

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 finishesOceanfront community with marina viewsOne of the few Key Largo neighborhoods permitting short-term rentalsTurnkey and ready for immediate occupancy or rentalResort amenities: pools, lagoon, beach, tennis, boat ramp, 24/7 securityGated community at MM 100, close to Pennekamp, dining, and shoppingThis is a rare opportunity to own a high-performing, short-term rental in one of the most desirable oceanfront communities in the Upper Keys.

Features of 1530 Ocean Bay Drive 207

MLS® # 617490
Price $849,900
Bedrooms 2
Bathrooms 2.00
Full Baths 2
Square Footage 1,188
Year Built 1993
Type Residential
Sub-Type Condo
Status Active

Community Information

Address 1530 Ocean Bay Drive 207
Area 27 - Key Largo MM 97-107
Subdivision Kawama Tower (100.0)
City KEY LARGO
County Monroe
State FL
Zip Code 33037

Amenities

Amenities Tennis Courts
Utilities Municipal Sewer, Cable Available
Parking Open Parking
View No Waterview, Salt Ponds
Is Waterfront No
Waterfront None
Has Pool Yes
Pool In Ground

Interior

Interior Features Drapes/Blinds Incl, Window Treatments, Quartz Countertops, Built-in Cabinets, Elevator, Split Bedroom
Appliances Washer, Stainless Steel Appliance(s), Freezer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
Heating Central, Hot Water
Cooling Central Air
Fireplace No

Exterior

Exterior Features Built-in Grill, Tennis Court(s), Chickee Hut
Lot Description 5 Less Than 10 Acres
Windows Single Hung Windows
Roof Concrete Roof
Construction CBS
Neighborhood Features Tennis Courts

Additional Information

Date Listed November 27th, 2025
Days on Market 79
Zoning UR - Urban Residential Distrit
Short Sale No
RE / Bank Owned No
HOA Fees 1440.00

Listing Details

AgentDiana Valbuena
OfficePedrin of Miami Realty, Inc.

Listing Map

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