Ad #7583177
MLS #619532
Agent is also the owner. This property is being sold with over
1530 Ocean Bay Dr 304, Key Largo, Florida, 33070
$859,900
2Beds
2Baths
1,188Sqft
0Acres
About this property
Agent is also the owner. This property is being sold with over 100 5 STAR reviews on . 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.
Property Features
2 Beds
2 Baths
1,188 Sqft
Built in 1993
0 Acres
Open
Siding: CBS
Concrete Roof
Has Swimming Pool
Hot Water(Heating)
$5,028 / yr property tax
Monroe County
Kawama Tower (1) Community
Additional Photos
Contact Information
Diana Valbuena
Pedrin of Miami Realty, Inc.
305-721-5775
Location
Listing Agent: Diana Valbuena (License #: 3311963) 305-721-5775
Broker: Pedrin of Miami Realty, Inc. 305-200-1125 Listing Site
Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Pedrin of Miami Realty, Inc. 305-200-1125 Listing Site
Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BarrierFreeHome.com
Printed Jun 9, 2026
Photo Gallery
$859,900
2
Beds
2
Baths
1,188
Sqft
1530 Ocean Bay Dr 304, Key Largo, Florida, 33070
By contacting this agent you agree to these Terms and Conditions.
MLS# 619532
Agent is also the owner. This property is being sold with over
$859,900
1530 Ocean Bay Dr 304, Key Largo, Florida, 33070
2
Beds
2
Baths
1,188
Sqft
0
Acres
$859,900
1530 Ocean Bay Dr 304, Key Largo, Florida, 33070
2 Beds
2 Baths
1,188 Sqft
0 Acres
Accessibility Features
Accessible Elevator Installed
Agent is also the owner. This property is being sold with over 100 5 STAR reviews on . 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.
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Property Details
HOME DETAILS
2 Beds
2 Baths
1,188 Sqft
Built in 1993
0 Acres
EXTERIOR
Open
Siding: CBS
Concrete Roof
Has Swimming Pool
INTERIOR
Hot Water(Heating)
FINANCIAL & COMMUNITY
$5,028 / yr property tax
Monroe County
Kawama Tower (1) Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7583177
Viewed
14 times
Listing Status
Active
Added
Apr 16, 2026
Last Refresh
Jun 08, 2026 09:04:43 PM
Listing Information
Data Source
Florida Keys Board of REALTORS®
Source Property ID
619532
Listing Agent: Diana Valbuena (License #: 3311963) 305-721-5775
Broker: Pedrin of Miami Realty, Inc. 305-200-1125 Listing Site
Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Pedrin of Miami Realty, Inc. 305-200-1125 Listing Site
Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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