1530 Ocean Bay Drive 304, Key Largo, FL 33070 (MLS# 619532)

1530 Ocean Bay Drive 304, Key Largo, FL 33070

$859,900

Expansive open floor plan featuring a bright, modern living area

Airy open floor plan with a contemporary, oversized living space

Very open floor plan with a modern, spacious living room

Wide-open floor plan showcasing a modern, comfortable living area

Modern open layout with a large, inviting living room

Custom wood dining table ideal for entertaining eight

Elegant eight-seat dining table crafted from rich wood

Sleek chef’s kitchen featuring quartz surfaces and custom design

Sleek modern chef’s kitchen with premium finishes

Designer kitchen with premium quartz finishes and custom cabinetry

Open-concept kitchen with quartz surfaces and modern designer touches

Designer Accessories all included this unit is being sold Turn-Key

John 14:6
“Jesus said to him, I am the way, the truth, and the life. No one comes to the Father except through Me.”

View from Balcony of the Tennis and Pickleball Courts

Serene modern bedroom with minimalist design

Bright contemporary bedroom with clean, open feel

Stylish bedroom with sleek lines and calming tones

Modern bath with clean lines and luxury touches

Elegant bath retreat with glass shower and sleek fixtures

Contemporary bathroom with floating vanity and upscale tile

Spacious bedroom retreat with modern finishes

Very Large Serene modern bedroom with minimalist design

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,188 Status: Active

Current Price: $859,900 List Date: 4/16/2026 Last Modified: 4/17/2026

Overview

Description

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 co ... (Read more)

Listing Details MLS# 619532

Location, Tax & Legal

Street #: 1530
Street Name: Ocean Bay
Street Suffix: Drive
Key/Island: Key Largo
State/Province: FL
Zip Code: 33070
County: Monroe
Subdivision: Kawama Tower (100.0)
Area: 27 - Key Largo MM 97-107
Unit #: 304
City: KEY LARGO
Off Shore Island: No
Mile Marker: 100
Marathon Neighborhood: N/A
Senior Community YN: No
Side: Ocean
Flood Zone: AE
Alternate Key #: 8843461
Handicap Access: No
Parcel #: 00090495-000304
Zoning: UR - Urban Residential Distrit
Deed Restrictions: No
Legal: UNIT 304 KAWAMA TOWER A CONDOMINIUM OR1335-1009 OR2029-2439/40 OR2627-523/25 OR2870-1241/42
Taxes: 5027.61
Tax Year: 2025
Pub Sewer HkUp: Yes

Contract Information

Listing Board: Florida Keys
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No

General Property Description

Realtor.COM Type: Residential - Condo/Townhouse
Style: Condo
Waterfront: No
Pool: Yes
Year Built: 1993
Total Units: Yes
Living Apx SqFt: 1188
SqFt Source: Appraisal
Total Bedrooms: 2
Full Baths: 2
Total Baths: 2
Floor Number: 3
Rentals Allowed: Yes
Min Rental Days: Yes
Control Depth: 0
Lot SqFt: 0

Association Info

Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 1440

License Info

Transient Rntl Licns: Yes

More Information

Building Style

Above Flood: Yes

Financial Status

Auction: No
Bank Owned: No
Potential Short Sale: No
Standard Sale: Yes

Remarks & Misc

Remarks – Consumer: 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.

Fee Includes

Cable: Yes

Dockage

First Come Dock: Yes

Tax Exemptions

None: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Freezer: Yes
Microwave: Yes
Oven: Yes
Range: Yes
Refrigerator: Yes
Stainless Steel Appliance(s): Yes
Washer: Yes

Pets

Pets Allowed: Yes

Cooling

Ceiling Fans(s): Yes
Central Air: Yes

Heating

Hot Water: Yes

Waterfront

Oceanfront: Yes

Waterview

No Waterview: Yes

Floor

Vinyl: Yes

Neighborhood Feature

Tennis Courts: Yes

Interior Features

Built-in Cabinets: Yes
Drapes/Blinds Incl: Yes
Elevator: Yes
Fire Sprinkler: Yes
Quartz Countertops: Yes
Smoke Alarms: Yes
Split Bedroom: Yes
Window Treatments: Yes

Specialty Rooms

Laundry Room: Yes

Windows/Doors

Single Hung Windows: Yes

Vehicle Storage

Open Parking: Yes

Security

Manned Gate: Yes

Construction

CBS: Yes

Land Size

5 Less Than 10 Acres: Yes

Furnished

Furnished: Yes

Terms

Cash: Yes
Conventional: Yes

Utilities

Cable Available: Yes
Municipal Sewer: Yes

Porch/Balcony

Open Porch/Balcony: Yes

Title

Title Ins - Buyer: Yes

Exterior Features

Built-in Grill: Yes
Chickee Hut: Yes
Tennis Court(s): Yes

Pool Info

In Ground: Yes

Pre-Wired

Cable: Yes

Roof

Concrete Roof: Yes

Accessibility Feat

Parking: Yes

Property Features

Fee Includes: Cable Tax Exemptions: None Waterfront: Oceanfront Waterview: No Waterview Dockage: First Come Dock Vehicle Storage: Open Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Heating: Hot Water Utilities: Cable Available; Municipal Sewer Interior Features: Built-in Cabinets; Drapes/Blinds Incl; Elevator; Fire Sprinkler; Quartz Countertops; Smoke Alarms; Split Bedroom; Window Treatments Pre-Wired: Cable Specialty Rooms: Laundry Room Appliances: Dishwasher; Dryer; Freezer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Built-in Grill; Chickee Hut; Tennis Court(s) Accessibility Feat: Parking Pool Info: In Ground Construction: CBS Floor: Vinyl Roof: Concrete Roof Pets: Pets Allowed Neighborhood Feature: Tennis Courts Security: Manned Gate Land Size: 5 Less Than 10 Acres Terms: Cash; Conventional Title: Title Ins - Buyer

Listing Office: Pedrin of Miami Realty, Inc.

Last Updated: April - 17 - 2026

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.