1530 Ocean Bay Dr Unit 508, Key Largo, FL 33037
- $672,000
- 2
- BD
- 2
- BA
- 1,188
- SqFt
- Sold Price
- $672,000
- List Price
- $729,900
- Closing Date
- Dec 08, 2025
- MLS#
- 615672
- 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
- 101
Property Description
Turnkey investment opportunity in the heart of Key Largo! This property qualifies for special financing where personal income verification is not required. Approval is based solely on the property's proven or projected rental income, making it an ideal opportunity for investors seeking a high-return vacation rental or short-term rental property. Property has potential to generate over $100,000 per year in rental income. This updated 2BR/2BA condo at Kawama Yacht Club Tower (Unit 508) is being sold as a potentially high-performance short-term rental. Rare legal daily rental zoning ideal for maximizing occupancy and cash flow. Fully furnished, impact windows, beautifully maintained, and ready to generate revenue from day one. Resort amenities include marina, pools, beach, tennis, pickleball and 24/7 gated security. Excellent ROI in one of the most desirable waterfront communities in the Florida Keys.
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Additional Information
- Hoa Fee
- $1,055
- Taxes
- $4,719
- Interior Features
- Smart Thermostat, Custom Cabinets, Granite Counters, Elevator, Walk-In Closet(s)
- Appliances
- Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Disposal
- Exterior Features
- Tennis Court(s)
- Pool
- Yes
- Waterfront
- Yes
- Control Depth
- 6
- Zoning
- MI - Maritime Industries District
- Terms
- Cash, Conventional
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Listing Courtesy Of Pedrin of Miami Realty, Inc., Contact: 305-200-1125
Selling Office: .