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$849,900

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 1,188 Sq. Ft.
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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 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.

Full Property Details for 1530 Ocean Bay Dr #207

General

  • Price: $849,900
  • HOA FEE: $1,440
  • Taxes: $3,622 (2024)
  • Status: Active
  • Type: Condo
  • Source: 927
  • MLS ID: 617490
  • Updated: 12/11/2025
  • Added to Site: 51 day(s) ago

Interior

  • Rooms/Areas: Laundry Room
  • 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
  • Furnished: Yes
  • Furnishings: Furnished
  • Flooring: Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Shared Amenities: Tennis Courts
  • Pool: Yes
  • Pool Description: In Ground
  • Security/Safety: Manned Gate

Exterior

  • Exterior Features: Built-in Grill, Tennis Court(s), Chickee Hut
  • Deck/Patio: Open Porch/Balcony

Parking

  • Parking: Open Parking

Location

  • Area: 27 - Key Largo MM 97-107
  • County: Monroe
  • Subdivision: Kawama Tower (100.0)

Community

  • Assoc. Fees Include: Cable
  • Pets Allowed: Yes

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central, Hot Water

Utilities

  • Water: No Waterview, Salt Ponds
  • Utility Description: Municipal Sewer, Cable Available

Structural Information

  • Architectural Style: Condo
  • Construction: CBS
  • Roof: Concrete Roof
  • Windows/Doors: Single Hung Windows
  • Wiring: Cable
  • Square Feet: 1,188
  • Sq. Ft. Source: Tax Records
  • Year Built: 1993

Lot Features

  • Zoning: UR - Urban Residential Distrit

Water Features

  • Water View: Yes
  • Water Front Type: None
  • Dock Description: None

Financial Considerations

  • Association Fee: Yes
  • Association Fee: $1,440
  • Tax Amount: $3,622
  • Tax Year: 2024
  • Terms: Cash, Other Specify, Conventional

Disclosures and Reports

  • Legal Description: UNIT 207 KAWAMA TOWER A CONDOMINIUM OR1297-769 OR1411-2129/30 OR1411-2131AFF OR1765-1200/01 OR2000-818 OR2314-1297/98 O
  • Flood Zone: AE, AE
  • Rentals Allowed: Yes
  • APN: 00090495-000207

Listed by Pedrin of Miami Realty, Inc., Diana Valbuena (305) 721-5775

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Listing agent

— 1530 Ocean Bay Dr #207 —

  • Diana Valbuena

    Pedrin of Miami Realty, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1530 Ocean Bay Dr #207

School District:Monroe County School District, Middle Torch Key, FL
NameGradesDistance
Key Largo School
104801 Overseas Highway, Key Largo, FL 33037
PK-86.4 mi
Key West High School
2100 Flagler Avenue, Key West, FL 33040
9-1291.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1530 Ocean Bay Dr #207 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/27/2025
Listed
$849,900
30.75%
MLS
8/22/2025
Sold
$650,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1530 Ocean Bay Dr #207

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,622
—
$441,436
-1%
2024
$3,622
7%
$443,883
3%
2023
$3,372
31%
$431,647
77%
2021
$2,578
-7%
$243,919
-18%
2022
$2,765
7%
$297,046
32%
2021
$2,578
6%
$224,433
—
2019
$2,434
-1%
$224,433
—
2018
$2,468
6%
$224,433
8%
2017
$2,322
—
$207,799
2%
2016
$2,333
5%
$202,762
11%
2015
$2,213
-3%
$181,907
—
2014
$2,270
-4%
$181,907
-2%
2013
$2,362
—
$186,561
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1530 Ocean Bay Dr #207

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Pedrin of Miami Realty, Inc., Diana Valbuena (305) 721-5775

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1530 Ocean Bay Drive #207, Key Largo, FL 33037 (MLS# 617490) is a Condo property with 2 bedrooms and 2 full bathrooms. 1530 Ocean Bay Drive #207 is currently listed for $849,900 and was received on November 27, 2025. Want to learn more about 1530 Ocean Bay Drive #207? Do you have questions about finding other Condo real estate for sale in Key Largo? You can browse all Key Largo real estate or contact a Coldwell Banker agent to request more information.

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