Skip main navigation
Pending
    • $859,900

    1530 Ocean Bay Dr APT 304, Key Largo, FL 33037

    2beds
    1,188sqft
    : 
    Loading
    Get pre-qualified
    Condominium, Residential - Condo/Townhouse
    Built in 1993
    -- sqft lot
    $821,300 Zestimate®
    $724/sqft
    $1,440/mo HOA

    What's special

    Tennis courtsSaltwater lagoonTurnkey furnishingsPrivate sandy beachBoat rampOn-site securityHeated pools
    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.
    88 days
    |
    345
    |
    14
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Diana Valbuena 305-721-5775,

    Pedrin of Miami Realty, Inc.

    Source: FLKMLS,MLS#: 619532MLS LogoOriginating MLS: Florida Keys

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Hot Water
      Cooling
      • Central Air, Ceiling Fans(s)
      Appliances
      • Included: Washer, Stainless Steel Appliance(s), Freezer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
      • Laundry: Laundry Room
      Features
      • Built-in Cabinets, Quartz Countertops, Elevator, Split Bedroom
      • Flooring: Vinyl
      • Windows: Drapes/Blinds Incl, Window Treatments, Single Hung Windows
      • Furnished: Yes
      Interior area
      • Total interior livable area: 1,188 sqft

      Property

      Parking
      • Parking features: Open
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: No, Parking
      Features
      • Patio & porch: Open Porch/Balcony
      • Exterior features: Built-in Barbecue, Tennis Court(s)
      • Has private pool: Yes
      • Pool features: In Ground
      • Water view: None
      • Waterfront features: Oceanfront, Dockage: First Come Dock
      Lot
      • Features: 5 Less Than 10 Acres
      Details
      • Additional structures: Chickee Hut
      • Parcel number: 00090495000304
      • Zoning: UR
      • Zoning description: Urban Residential Distrit
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium, Residential - Condo/Townhouse
      Materials
      • CBS
      • Roof: Concrete
      Condition
      • Year built: 1993

      Utilities & green energy

      • Sewer: Municipal Sewer, Public Sewer
      • Utilities for property: Cable Available, Cable Connected

      Community & HOA

      Community
      • Features: Tennis Court(s)
      • Security: Smoke Detector(s), Fire Sprinkler System, Gated with Guard
      • Subdivision: Kawama Tower (100.0)
      HOA
      • Has HOA: Yes
      • Services included: Cable TV
      • HOA fee: $1,440 monthly
      Location
      • Region: Key Largo

      Financial & listing details

      • Price per square foot: $724/sqft
      • Tax assessed value: $599,880
      • Annual tax amount: $5,027
      • Date on market: 4/16/2026
      • Listing terms: Cash,Conventional

        Estimated market value

        $821,300

        $780,000 - $862,000

        $3,223/mo

        Price history

        DateEventPrice
        7/9/2026Pending sale$859,900$724/sqft
        Source: Key West AOR #619532 Report a problem
        4/16/2026Listed for sale$859,900+134.6%$724/sqft
        Source: FLKMLS #619532 Report a problem
        8/24/2017Sold$366,500-7.2%$309/sqft
        Source: FLKMLS #572321 Report a problem
        2/22/2017Price change$395,000-5.7%$332/sqft
        Source: Coldwell Banker Schmitt Real Estate Co. #572321 Report a problem
        10/12/2016Listed for sale$419,000+1%$353/sqft
        Source: Coldwell Banker Schmitt Key Largo #572321 Report a problem
        7/28/2004Sold$415,000+419.4%$349/sqft
        Source: FLKMLS #522020 Report a problem
        12/28/1994Sold$79,900$67/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,028 +7%$493,200 +10%
        2024$4,699 +7.1%$448,364 +10%
        2023$4,388 +22.8%$407,604 +10%
        2022$3,572 +7.2%$370,549 +10%
        2021$3,332 +1.5%$336,863 +2.5%
        2020$3,284 $328,766 +5.9%
        2019$3,284 +4.7%$310,377
        2018$3,138 -1.5%$310,377 +45.6%
        2017$3,186 +34.7%$213,099 +2.4%
        2016$2,366 +0.6%$208,062 +14.4%
        2015$2,351 $181,907
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 33037

        Getting around

        12 / 100
        Car-Dependent
        28 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

            Nearby cities

            Nearby zip codes

            Other Key Largo Topics

              Search
              Updates
              Favorites
              Plan
              Inbox