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$830,000
2 Beds ⋅ 2 Baths ⋅ 619532 MLS
Agent is also the owner. This property is being sold with over 100 5 STAR reviews on VRBO. This many reviews take years to attain. Kawama Tower is 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.

1530 Ocean Bay Dr Unit 304, Key Largo
$783,000
2 Beds ⋅ 2 Baths ⋅ 618056 MLS
KAWAMA TOWER! RARE OPPORTUNITY! To purchase a spacious panoramic Ocean & Marina view 4th floor condo in Kawama Tower. Short-Term Rentals Allowed! With an excellent rental history. Beautifully updated 2 bedrooms, 2 bath, 4th-floor condo in Kawama Tower. It has a spacious open floor plan, sectional sleeper, granite counters, New HVAC System 12-5-2024 new stainless steel appliances, tile floors, and a private laundry. Kawama is a gated community with 24/7 manned security and many amenities, including an oceanfront beach, marina, boat ramp, boat and trailer storage, playground, tennis, pickleball & a Jetty to fish or enjoy the ocean breeze, spectacular sunrises, sunsets, and salt air. Molasses Reef is just offshore for snorkeling, scuba diving, and fishing. The Tower offers a relaxing courtyard and private pool for owners and guests of the Tower building. In the center of the complex, you will find a tidal saltwater swimming lagoon with a nature trail that winds around the lagoon. It is a great location close to restaurants, shopping, and a short ride from Miami. Offered turnkey, fully furnished, and move-in ready! Information is believed to be reliable but is not guaranteed. Listing Agent is Owner.

1530 Ocean Bay Dr Unit 411, Key Largo
$785,000
2 Beds ⋅ 2 Baths ⋅ 611087 MLS
Welcome to your serene retreat in Kawama Yacht Club! This unit can serve as dream getaway or permeant residence for those seeking a slice of paradise. Option to rent (short term rentals allowed) while you're not enjoying the unit for yourself. This beautiful newly renovated 2-bedroom, 2-bathroom offers a perfect blend of comfort and coastal charm. Enjoy stunning views of the lush tropical landscape and the shimmering waters of the Florida Keys. The spacious open-concept living area is bathed in natural light, featuring modern finishes and tasteful decor. The well-equipped kitchen boasts stainless steel appliances and ample counter space, ideal for preparing meals after a day of exploring. Kawama is a vibrant community, offering an array of amenities including a pool, tennis courts, pickle-ball, oceanfront beach, boat ramp, boat & trailer storage, marina, and playground..

1530 Ocean Bay Dr Unit 210, Key Largo
$722,000
2 Beds ⋅ 2 Baths ⋅ 611248 MLS
Stunning Ocean View Condo with Top-Tier Amenities and Rental Income Potential! Discover coastal living at its finest in this fully furnished 2-bedroom, 2-bathroom condo boasting 1,188 sq. ft. of thoughtfully designed space. With serene views of the ocean, pool, and marina, this unit is the perfect blend of luxury and convenience, offering an excellent rental history averaging $62,000-$70,000 in annual income. Recently upgraded with new furniture, appliances, bathroom fixtures, fresh paint, new mattresses and luxury vinyl flooring in the bedrooms, this condo is move-in ready. Enjoy the granite and stainless-steel kitchen providing a stylish and functional space for entertaining. Resort-Style Amenities Include: - Gated entry with 24-hour security for peace of mind - On-site marina, sandy beach, fishing pier, and saltwater lagoon - Private swimming pool, tennis courts, and pickleball facilities - Boat ramp with direct ocean access and trailer storage for all your nautical needs - Family-friendly playground - 1 hour from Miami Perfect as a personal getaway or a high-income investment, this property offers the best of both worlds—luxury, convenience, and an unbeatable location. Don't miss your chance to own a slice of paradise!

1530 Ocean Bay Dr Unit 211, Key Largo
$832,000
2 Beds ⋅ 2 Baths ⋅ 611000 MLS
Don't miss this wonderful opportunity to own an oceanfront condo located on the top floor of the tower in the desirable Kawama Yacht Club! Short term rentals are allowed....this unit has rental history! Whether you are seeking an excellent rental investment, a weekend escape, or a permanent residence, this 2 bedroom, 2 bathroom condominium offers everything you need! Enjoy the stunning ocean and marina views outside your private oceanfront balcony. Boat Slip with a 22K lb boat lift also negotiable! The spacious, open floor plan allows ample room for all your family and guests. The Beautifully, well-maintained, updated kitchen offers granite countertops and stainless steel appliances. Private laundry, new A/C, fully updated, turn-key and Fully furnished. The amenities are endless..including a private pool for owners located in the tower only, as well as an additional pool on the property. Kids will enjoy the playground! Relax on the oceanfront beach and truly enjoy all the amenities the club has to offer including a boat ramp, tennis/pickleball court, marina, jetty for fishing, and boat/trailer storage as well as storage for kayaks and paddleboards. In the center of the complex you will find a swimming lagoon along with a nature trail. Look no further for the perfect condominium in the heart of Key Largo! Approximately 1 hour to Miami, surrounded by 5 star restaurants, shopping, and more!

1530 Ocean Bay Dr Unit 501, Key Largo
$665,000
2 Beds ⋅ 2 Baths ⋅ 609695 MLS
Attention Investors, Short Term Rentals Allowed! Rarely do opportunities arise to own an oceanfront gem like this! Welcome to Kawama Tower, Key Largo's coveted address for coastal living. Whether you're seeking an excellent rental investment, a weekend escape, or a permanent residence, this 2-bedroom, 2-bath condo caters to your every need. Step inside to discover an inviting open floor plan, ideal for entertaining. The well-appointed kitchen boasts ample counter space and cabinetry, making meal preparation easy. Retreat to your private balcony and soak in the peek-a-boo ocean views and invigorating sea breezes. Unwind in the spacious owner's suite, complete with an updated ensuite and generous closet space. With its thoughtfully designed split bedroom layout, tranquility and privacy are yours to savor. Indulge in an array of amenities, including 24-hour manned security, a private pool, oceanfront beach access, tennis courts, playgrounds, and a captivating saltwater tidal lagoon for leisurely swims and fish-watching. Kayak and paddleboard storage cater to your adventurous spirit. Boating enthusiasts will appreciate the proximity to the Atlantic, with a boat ramp and trailer storage. When available boat slips can be rented or purchased at Molasses Reef Marina. Nestled within the exclusive community of Kawama, this condominium offers all the amenities necessary for embracing the Florida Keys lifestyle. Don't miss your chance to experience coastal living at its finest!

1530 Ocean Bay Dr Unit 210, Key Largo
$827,000
2 Beds ⋅ 2 Baths ⋅ 614214 MLS
Take in Spectacular Ocean Views from your private balcony or watch the Manatee bask in the marina or take a swim in the ocean, tidal lagoon or one of the 2 pools. Sunbathe on the beach or take advantage of one of the Cocktail/Coffee Tiki's. With top tier amenities all around, Kawama Yacht Club is the definition of resort style living at its finest! This Turnkey unit has Granite countertops, Stainless Steel appliances, Luxury touches throughout and top end furnishings. No matter if you plan on living here full time or taking advantage of short term rental opportunities and using the home occasionally, comfort and the full Florida Keys experience await you. Instant access from the Marina to open water is a breeze and the community offers Boat/Trailer storage.

1530 Ocean Bay Dr Unit 301, Key Largo
$786,000
2 Beds ⋅ 2 Baths ⋅ 614754 MLS
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!

1530 Ocean Bay Dr Unit 509, Key Largo
$672,000
2 Beds ⋅ 2 Baths ⋅ 615672 MLS
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.

1530 Ocean Bay Dr Unit 508, Key Largo