Residential

1530 Ocean Bay Drive, KEY LARGO

$849,900.00

Bedroom 2 bedrooms
Bathroom 2 baths

  • MLS #: 617490
  • Address: 1530 Ocean Bay Drive, KEY LARGO, FL 33037
  • SQFT: 1188
  • Restrictions: Unknown

Location Location

Agent Comments Agent Comments
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.

Amenities Amenities
  • Washer
  • Stainless Steel Appliance(s)
  • Freezer
  • Microwave
  • Oven
  • Range
  • Refrigerator
  • Dishwasher
  • Dryer

Interior Features Interior Features
  • Cool System: Central Air
  • Heat System: Central, Hot Water
  • Floors: Vinyl
  • Rooms: Laundry Room
  • Interior: Drapes/Blinds Incl, Window Treatments, Quartz Countertops, Built-in Cabinets, Elevator, Split Bedroom

Exterior Features Exterior Features
  • Parking: Open Parking
  • Roof: Concrete Roof
  • Pool: Yes
  • Exterior: Built-in Grill, Tennis Court(s), Chickee Hut

Additional Features Additional Features
  • County: Monroe
  • Property Type: Kawama Tower (100.0)
  • Tax Number: 00090495-000207
  • Waterfront Features: None
  • Water/Sewer: Municipal Sewer, Cable Available
  • Year Built: 1993