Date
Details
Price
Change
Source
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.
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$859,900 Just Listed
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Property Description
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 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
Full Property Details for 1530 Ocean Bay Dr #304
General
- Price: $859,900
- HOA FEE: $1,440
- Taxes: $5,027 (2025)
- Status: Active
- Type: Condo
- Source: 927
- MLS ID: 619532
- Updated: Today (4/16/2026)
- Added to Site: Today
Interior
- Rooms/Areas: Laundry Room
- 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
- 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, Ceiling Fans(s)
- Heating Type: Hot Water
Utilities
- Water: No Waterview
- Utility Description: Municipal Sewer, Cable Available
Structural Information
- Architectural Style: Condo
- Construction: CBS
- Roof: Concrete Roof
- Windows/Doors: Single Hung Windows
- Wiring: Cable
- Entry Floor Number: 3
- Square Feet: 1,188
- Sq. Ft. Source: Appraisal
- Year Built: 1993
Unit Information
- Unit Floor in Bldg.: 3
Lot Features
- Lot Dimensions: x
- Zoning: UR - Urban Residential Distrit
Water Features
- Water View: Yes
- Water Front Type: Oceanfront
- Dock Description: First Come Dock
Financial Considerations
- Association Fee: Yes
- Association Fee: $1,440
- Tax Amount: $5,027
- 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
- Rentals Allowed: Yes
- APN: 00090495-000304
Listed by Pedrin of Miami Realty, Inc., Diana Valbuena (305) 721-5775
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 1530 Ocean Bay Dr #304 —
Diana Valbuena
Pedrin of Miami Realty, Inc.
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1530 Ocean Bay Dr #304
School District:Monroe County School District, Middle Torch Key, FL
| Name | Grades | Distance |
|---|---|---|
Key Largo School 104801 Overseas Highway, Key Largo, FL 33037 | PK-8 | 6.4 mi |
Coral Shores High School 89901 Old Highway, Tavernier, FL 33070 | 9-12 | 8.2 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
Estimate the Cost
Estimate the Cost for 1530 Ocean Bay Dr #304
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1530 Ocean Bay Drive #304, Key Largo, FL 33070 (MLS# 619532) is a Condo property with 2 bedrooms and 2 full bathrooms. 1530 Ocean Bay Drive #304 is currently listed for $859,900 and was received on April 16, 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.