About 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.
Features of 1530 Ocean Bay Drive 304
| MLS® # | 619532 |
|---|---|
| Price | $859,900 |
| Bedrooms | 2 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,188 |
| Year Built | 1993 |
| Type | Residential |
| Sub-Type | Condominium |
| Status | Active |
Community Information
| Address | 1530 Ocean Bay Drive 304 |
|---|---|
| Area | 27 - Key Largo MM 97-107 |
| Subdivision | Kawama Tower (100.0) |
| City | Key Largo |
| County | Monroe |
| State | FL |
| Zip Code | 33070 |
Amenities
| Utilities | Municipal Sewer, Cable Available |
|---|---|
| Parking | Open Parking |
| View | No Waterview |
| Is Waterfront | No |
| Waterfront | Oceanfront |
| Has Pool | Yes |
| Pool | In Ground |
Interior
| Interior Features | Drapes/Blinds Incl, Split Bedroom, Built-in Cabinets, Elevator, Fire Sprinkler, Smoke Alarms, Window Treatments, Quartz Countertops |
|---|---|
| Appliances | Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Freezer, Stainless Steel Appliance(s) |
| Heating | Hot Water |
| Cooling | Central Air, Ceiling Fans(s) |
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior Features | Built-in Grill, Chickee Hut, Tennis Court(s) |
|---|---|
| Lot Description | 5 Less Than 10 Acres |
| Windows | Single Hung Windows |
| Roof | Concrete Roof |
| Construction | CBS |
Additional Information
| Date Listed | April 16th, 2026 |
|---|---|
| Days on Market | 4 |
| Zoning | UR - Urban Residential Distrit |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 1440 |
Listing Details
| Agent | Diana Valbuena |
|---|---|
| Office | Pedrin of Miami Realty, Inc. |