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$830,000

  • Sold
  • Closed
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 1,188 Sq. Ft.
See This Home
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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.

Full Property Details for 1530 Ocean Bay Dr #304

General

  • Sold For: $830,000
  • HOA FEE: $1,440
  • Taxes: $5,027 (2025)
  • Status: Closed
  • Type: Condo
  • Source: 927
  • MLS ID: 619532
  • Added to Site: 137 day(s) ago

Interior

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

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: Laundry Room

Additional Information

  • Shared Amenities: Tennis Court(s)
  • Pool: Yes
  • Pool Description: In Ground
  • Security/Safety: Manned Gate

Exterior

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

Parking

  • Parking Features: Open

Location

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

Community

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

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fans(s)
  • Heating Type: Hot Water

Structural Information

  • Architectural Style: Above Flood
  • Construction: CBS
  • Roof: Concrete
  • Windows/Doors: Single Hung Windows
  • Square Feet: 1,188
  • Sq. Ft. Source: Appraisal
  • Year Built: 1993

Unit Information

  • Units in Building: 1

Lot Features

  • Property View: No Waterview
  • Lot Dimensions: x
  • Zoning: UR - Urban Residential Distrit

Water Features

  • Water View: Yes
  • Water Front Desc.: Oceanfront

Financial Considerations

  • Association Fee: Yes
  • Association Fee: $1,440
  • Tax Amount: $5,027.61
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: UNIT 304 KAWAMA TOWER A CONDOMINIUM OR1335-1009 OR2029-2439/40 OR2627-523/25 OR2870-1241/42
  • Flood Zone: AE
  • APN: 00090495-000304

Listed by Pedrin of Miami Realty, Inc., Diana Valbuena (305) 721-5775
Sold by Seaside Realty, LLC, Rudy Sardina

Listing agent

— 1530 Ocean Bay Dr #304 —

  • Diana Valbuena

    Pedrin of Miami Realty, Inc.

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NMLS#: 1598647

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with our affiliated lender
NMLS#: 1598647

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Schools serving 1530 Ocean Bay Dr #304

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
Coral Shores High School
89901 Old Highway, Tavernier, FL 33070
9-128.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1530 Ocean Bay Dr #304

Date
Details
Price
Change
Source
7/28/2026
Sold
$830,000
-3.48%
MLS
4/16/2026
Listed
$859,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Pedrin of Miami Realty, Inc., Diana Valbuena (305) 721-5775
Sold by Seaside Realty, LLC, Rudy Sardina

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1530 Ocean Bay Drive #304, Key Largo, FL 33070 (MLS# 619532) is a Condo property that was sold at $830,000 on July 28, 2026. Want to learn more about 1530 Ocean Bay Drive #304? 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.