1530 Ocean Bay Dr Unit 509, Key Largo, FL 33037
- $786,000
- 2
- BD
- 2
- BA
- 1,188
- SqFt
- Sold Price
- $786,000
- List Price
- $825,000
- Closing Date
- Aug 25, 2025
- MLS#
- 614754
- Status
- CLOSED
- Island
- Key Largo
- County
- Monroe
- City
- Key Largo
- Area
- Key Largo MM 97-107
- Subdivision
- Kawama Tower (100.0)
- Neighborhood
- 27 - Key Largo MM 97-107
- Bedrooms
- 2
- Bathrooms
- 2
- Living Area
- 1,188
- Year Built
- 1993
- Days on Market
- 68
Property Description
Top-Floor Oceanfront Condo | STR Rentals Approved | Income-Producing Investor 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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Additional Information
- Hoa Fee
- $1,350
- Taxes
- $6,290
- Interior Features
- Granite Counters, Storage, Quartz/Quartzite Counters
- Appliances
- Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Stainless Steel Appliance(s)
- Exterior Features
- Beach, Tennis Court(s)
- Roof
- Concrete
- Pool
- Yes
- Property Condition
- Updated/Remodeled
- Waterfront
- Yes
- Control Depth
- 6
- Zoning
- SR - Sub Urban Residential District
- Terms
- Cash, Conventional
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Listing Courtesy Of American Caribbean Real Estate, Christie's International Real Estate, Contact: 305-451-4078
Selling Office: .