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1530 Ocean Bay Drive , #509

Key Largo, FL 33037
  • $786,000
  • STATUS: Closed
  • ON SITE: 208 Days
  • MLS #: 614754
Sold - 08/25/2025
$786,000
SOLD - 08/25/2025
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,188
    SQFT
  • $662
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1993
County:

School Ratings & Info

Description

Top-Floor Oceanfront Condo | STR Rentals Approved | Income-ProducingInvestor alert! This stunning top-floor 2BD/2BA condo in Kawama Tower offers breathtaking panoramic ocean views and is fully approved for short-term rentals--making it a rare and highly desirable income-producing property in Key Largo.Turn-key and rental-ready, the unit features impact windows and doors, an updated kitchen, new flooring, stylish bathrooms, and a spacious split-bedroom layout ideal for hosting guests. Balcony overlooking the ocean view. Maximize returns with high nightly rental rates, year-round demand, and a proven STR market in this sought-after location.Set in a gated, resort-style community with a private beach, deep-water marina to rent a slip, boat ramp, pool, tennis pickle ball courts, and 24/7 security, this property offers strong appreciation potential and immediate cash flow.Whether you're looking to expand your portfolio, complete a 1031 exchange, or own a piece of paradise--this property ticks all the boxes.It offers an excellent balance of lifestyle, convenience, and income potential. Unit 509 is a premium pick in Kawama Tower - Act now to secure your own slice of Key Largo paradise! Exceptional location, stunning views, and impressive amenities and rental income --your dream Island and oceanfront lifestyle awaits!

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Saltwater Real Estate Florida Keys Inc are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.saltwaterkeys.com/homes/162878477
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1530 Ocean Bay Drive , #509 Key Largo, FL 33037

  • Price: $825,000
  • Status: Closed
  • On Site: 208 Days
  • Updated: 59 min ago
  • MLS #: 614754
2
Beds
2
Baths
0
½ Baths
N/A
Acres
1,188
SQFT
$662
$/SQFT
1993
Built
Neighborhood:
Kawama Tower (100.0)
County:
Monroe
Area:
27 - Key Largo Mm 97-107
Property Description
Top-Floor Oceanfront Condo | STR Rentals Approved | Income-ProducingInvestor alert! This stunning top-floor 2BD/2BA condo in Kawama Tower offers breathtaking panoramic ocean views and is fully approved for short-term rentals--making it a rare and highly desirable income-producing property in Key Largo.Turn-key and rental-ready, the unit features impact windows and doors, an updated kitchen, new flooring, stylish bathrooms, and a spacious split-bedroom layout ideal for hosting guests. Balcony overlooking the ocean view. Maximize returns with high nightly rental rates, year-round demand, and a proven STR market in this sought-after location.Set in a gated, resort-style community with a private beach, deep-water marina to rent a slip, boat ramp, pool, tennis pickle ball courts, and 24/7 security, this property offers strong appreciation potential and immediate cash flow.Whether you're looking to expand your portfolio, complete a 1031 exchange, or own a piece of paradise--this property ticks all the boxes.It offers an excellent balance of lifestyle, convenience, and income potential. Unit 509 is a premium pick in Kawama Tower - Act now to secure your own slice of Key Largo paradise! Exceptional location, stunning views, and impressive amenities and rental income --your dream Island and oceanfront lifestyle awaits!
Exterior Features

Above Flood Yes Construction CBSConcrete Dockage Boat Ramp Exterior Features Sandy BeachTennis Court(s) Land Size 10 or more Acres Pool Info In GroundConcrete Pool Info Heated Yes Pool YN Yes Porch Balcony Open Porch/Balcony Roof Concrete Roof Side Ocean Stories 5 Stories Style Condo Vehicle Storage Assigned ParkingTrailer StorageGuest Parking Waterfront OceanfrontOpen Water Waterfront YN Yes Waterview Ocean ViewOpen Water View

Interior Features

Appliances WasherStainless Steel Appliance(s)MicrowaveOvenRangeRefrigeratorDishwasherDryer Cooling Heating Central Air Floor Tile Furnished Furnished Interior Features Split BedroomQuartz CountertopsStorageGranite Counter Top Specialty Rooms Laundry Room Windows Doors Impact Rstnce WindowImpact Rstnce Doors

Property Features

Assoc Fee 1350.00 Assoc Hoa YN Yes Assoc Maint Fee Per Monthly Assoc Right Of Refusal No City KEY LARGO Condition Updated/Remodeled Condo Unit Complex Unit Control Depth 6 Deed Restrictions Unknown Fee Includes Bldg Exterior MntSecurityCommon Area MntBuilding Insurance Flood Zone AEAE Listing Board Florida Keys Mile Marker 99.50 Min Rental Days 1.00 Neighborhood Features Community PoolBike PathsBeachTennis CourtsCommunity Boat Ramp Off Shore Island No Pets Pets Allowed Public Sewer Hookup Yes Rentals Allowed Yes Security Manned Gate Sq Ft Source Tax Records Tax Exemptions None Tax Year 2024 Taxes 6290.71 Terms CashConventional Title Title Ins - Buyer Utilities FKAAMunicipal Sewer Zoning SR - Sub Urban Residential District

Listing courtesy of Terry Canto,Top Producer of American Caribbean Real Estate, Christie's International Real Estate: (305) 451-4078.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Saltwater Real Estate Florida Keys Inc are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Saltwater Real Estate Florida Keys Inc
1075 Duval Street Ste 15C
Key West FL, 33040