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1530 Ocean Bay Drive 304
Key Largo FL 33070 US

$859,900

Active Listing ID 619532
bed icon
2 bed
bath icon
2.00 Bath (2 Full)
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Condominium

$859,900

Active Listing ID 619532
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1530 Ocean Bay Drive 304 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.

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Property Features

  • Facts
  • Property Type: Residential
  • Property Sub-type: Condominium
  • Features
  • Full Bathrooms: 2
  • Cooling System: Central Air
  • Exterior Finish: Built-in Grill, Chickee Hut, Tennis Court(s)
  • Floor Covering: Vinyl
  • Roof Type: Concrete
  • Heating Fuels: Hot Water(Heating)
  • Additional Features
  • Patio
  • Pool
  • Waterfront

Property

  • propertytype: Residential
  • propertysubtype: Condominium
  • listprice: 859900
  • unparsedaddress: 1530 Ocean Bay Drive
  • unitnumber: 304
  • postalcity: Key Largo
  • stateorprovince: FL
  • country: US
  • postalcode: 33070
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 1188
  • livingareaunits: Square Feet
  • latitude: 25.078395
  • longitude: -80.443254
  • listagentfullname: Diana Valbuena
  • listagentemail: valbuenapartners@gmail.com
  • listagentkey: 3yd-FLKEYSMLSFL-20141215172459890423000000
  • listagentmlsid: 3311963
  • listagentpreferredphone: 3057215775
  • listagentofficephone: 3057215775
  • listofficekey: 3yd-FLKEYSMLSFL-20141211142103098076000000
  • listagentstatelicense: 3311963
  • listofficemlsid: 1012567
  • disclaimer: 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.
  • sourcesystemid: FLKEYSMLSFL
  • yearbuilt: 1993
  • listingcontractdate: 2026-04-16
  • listagentfax: 3058888902
  • countyorparish: Monroe
  • parcelnumber: 00090495-000304
  • appliances: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Freezer, Stainless Steel Appliance(s)
  • cooling: Central Air
  • constructionmaterials: CBS
  • flooring: Vinyl
  • heating: Hot Water(Heating)
  • numberofunitstotal: 1
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Open
  • roof: Concrete
  • view: Water
  • waterfrontyn: True
  • franchiseaffiliation: None
  • interiorfeatures: Built-in Cabinets, Elevator, Fire Sprinkler, Quartz Countertops
  • exteriorfeatures: Built-in Grill, Chickee Hut, Tennis Court(s)
  • waterfrontfeatures: Ocean Front
  • rooms: Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
  • utilities: Cable Available
  • patioandporchfeatures: Porch
  • accessibilityfeatures: Accessible Elevator Installed
  • dock: False
  • poolprivateyn: True
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -80.44325, 25.078396
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Pedrin of Miami Realty, Inc.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"valbuenapartners@gmail.com", "ListBrokerageCity":"Miami Lakes", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Pedrin of Miami Realty, Inc.", "ListBrokeragePhone":"(305) 200-1125", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"2450 W 84 St. Ste. 103", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"2450 W 84 St. Ste. 103 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"20141211142103098076000000", "ListOfficeCity":"Miami Lakes", "ListOfficeCountry":"US", "ListOfficeEmail":"valbuenapartners@gmail.com", "ListOfficePostalCode":"33018", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"CONDOS - Key Largo, FL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1530-Ocean-Bay-Dr-Apt-304_Key-Largo_FL_33037_M58388-99569?f=listhub&s=FLKEYSMLSFL&m=619532&c=rexren", "MLSModificationTimestamp":"2026-04-17 23:13:04", "Neighborhoods":[{"Description":null, "Name":"Kawama Tower (100.0)"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":5028, "TaxDescription":"UNIT 304 KAWAMA TOWER A CONDOMINIUM OR1335-1009 OR2029-2439/40 OR2627-523/25 OR2870-1241/42", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 5/23/2026 10:30:09 AM GMT
Source Updated Date: 5/26/2026 6:40:34 PM GMT

Courtesy of: Diana Valbuena, Pedrin of Miami Realty, Inc., valbuenapartners@gmail.com

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.