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Sold for $672,000
    • $672,000

    1530 Ocean Bay Dr APT 508, Key Largo, FL 33037

    2beds
    1,188sqft
    Condominium
    Built in 1993
    -- sqft lot
    $757,700 Zestimate®
    $566/sqft
    $2,763 Estimated rent

    Home value

    $757,700

    $690,000 - $833,000

    $2,763/mo

    Zestimate® history
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    What's special

    Impact windows
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Diana Valbuena 305-721-5775,

    Pedrin of Miami Realty, Inc.

    Bought with:

    Diana Valbuena, 3311963

    Pedrin of Miami Realty, Inc.

    Source: FLKMLS,MLS#: 615672MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • Ceiling Fans(s)
    Appliances
    • Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Disposal
    Features
    • Smart Thermostat, Built-in Features, Granite Counters, Elevator, Walk-in Closet(s)
    • Flooring: Laminate
    • Furnished: Yes
    Interior area
    • Total structure area: 1,188
    • Total interior livable area: 1,188 sqft

    Property

    Parking
    • Parking features: Open
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Open Porch/Balcony
    • Exterior features: Tennis Court(s)
    • Has private pool: Yes
    • Pool features: In Ground
    • On waterfront: Yes
    Lot
    • Size: 1,322 Square Feet
    Details
    • Parcel number: 00090495000508
    • Zoning: MI - Maritime Industries District

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Materials
    • CBS, Stucco
    Condition
    • Year built: 1993

    Utilities & green energy

    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Subdivision: Kawama Tower (100.0)
    HOA
    • Has HOA: Yes
    • Services included: Cable TV, Sewer, Pest Control, Maintenance Structure, Insurance, Common Area Mnt, Security
    • HOA fee: $1,055 monthly
    Location
    • Region: Key Largo

    Financial & listing details

    • Price per square foot: $566/sqft
    • Tax assessed value: $591,438
    • Annual tax amount: $4,719
    • Date on market: 8/29/2025
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    12/8/2025Sold$672,000-7.9%$566/sqft
    Source: FLKMLS #615672 Report a problem
    10/30/2025Pending sale$729,900$614/sqft
    Source: FLKMLS #615672 Report a problem
    10/6/2025Price change$729,900-3.9%$614/sqft
    Source: FLKMLS #615672 Report a problem
    9/15/2025Price change$759,900-7.3%$640/sqft
    Source: Key West AOR #615672 Report a problem
    8/29/2025Listed for sale$819,900$690/sqft
    Source: Key West AOR #615672 Report a problem
    7/29/2025Pending sale$819,900$690/sqft
    Source: FLKMLS #615672 Report a problem
    7/3/2025Listed for sale$819,900+205.9%$690/sqft
    Source: FLKMLS #615672 Report a problem
    5/23/2013Sold$268,000-3.9%$226/sqft
    Source: FLKMLS #555605 Report a problem
    4/4/2013Pending sale$279,000$235/sqft
    Source: CENTURY 21 Schwartz Realty #555605 Report a problem
    1/11/2013Price change$279,000-6.7%$235/sqft
    Source: CENTURY 21 Schwartz Realty #555605 Report a problem
    8/15/2012Price change$299,000-7.7%$252/sqft
    Source: CENTURY 21 Schwartz Realty #555605 Report a problem
    7/22/2012Price change$324,000-7.2%$273/sqft
    Source: CENTURY 21 Schwartz Realty #555605 Report a problem
    6/28/2012Price change$349,000-11.6%$294/sqft
    Source: CENTURY 21 Schwartz Realty #555605 Report a problem
    2/6/2011Listed for sale$395,000$332/sqft
    Source: CENTURY 21 Keysearch Realty #542354 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,053 +7.1%$503,040 +10%
    2024$4,719 +7.1%$457,309 +10%
    2023$4,407 +21.9%$415,735 +10%
    2022$3,615 +6.7%$377,941 +10%
    2021$3,387 +1.4%$343,583 +2.3%
    2020$3,341 $335,731 +5.4%
    2019$3,341 +4.3%$318,448
    2018$3,204 +0.9%$318,448 +14.6%
    2017$3,175 +9.8%$277,858 +4.2%
    2016$2,892 +2.8%$266,534 +17.2%
    2015$2,814 $227,384
    Find assessor info on the county website

    Neighborhood: 33037

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    Estimated market value
    $757,700
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    Estimated market value
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