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  • 1530 Ocean Bay Drive 509, Key Largo, FL 33037 (MLS# 614754)

1530 Ocean Bay Drive 509, Key Largo, FL 33037

$786,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,188 Status: Closed
Current Price: $786,000 List Date: 6/18/2025 Last Modified: 8/26/2025

Overview

Description

...

Listing Details MLS# 614754

Location, Tax & Legal

Street #
1530
Street Name
Ocean Bay
Street Suffix
Drive
Key/Island
Key Largo
State/Province
FL
Zip Code
33037
County
Monroe
Subdivision
Kawama Tower (100.0)
Area
27 - Key Largo MM 97-107
Unit #
509
City
KEY LARGO
Off Shore Island
No
Mile Marker
99.5
Marathon Neighborhood
N/A
Side
Ocean
Flood Zone
AE,AE
Alternate Key #
8843755
Parcel #
00090495-000509
Zoning
SR - Sub Urban Residential District
Deed Restrictions
Unknown
Legal
UNIT 509 KAWAMA TOWER A CONDOMINIUM OR1376-116/17 OR1668-2470/71 OR1810-353AFF OR2180-807 OR2383-449 OR2566-833/34 OR25
Taxes
6290.71
Tax Year
2024
Pub Sewer HkUp
Yes

Contract Information

Listing Board
Florida Keys
As is Rght to Inspct
Yes

General Property Description

Realtor.COM Type
Residential - Condo/Townhouse
Style
Condo
Waterfront
Yes
Control Depth
6
Unit/Complex
Unit
Pool
Yes
Year Built
1993
Living Apx SqFt
1188
SqFt Source
Tax Records
Total Bedrooms
2
Full Baths
2
Total Baths
2
Rentals Allowed
Yes
Min Rental Days
Yes
Lot SqFt
0
Total Units
0

Status Change Info

Under Contract Date
2025-07-27
Sold Date
2025-08-25

Association Info

Mandatory Home Owners Asc
Yes
1st Right of Refusal
No
Association Fee $
1350
Assoc/Mnt Fee Per
Monthly

Building Style

Above Flood
Yes
Stories
5 Stories

More Information

Pool Info

Heated
Yes
In Ground
Yes
Concrete
Yes

Remarks & Misc

Remarks – Consumer
Top-Floor Oceanfront Condo | STR Rentals Approved | Income-Producing Investor alert! This stunning top-floor 2BD/2BA condo in Kawama Tower offers breathtaking panoramic ocean views and is fully approved for short-term rentals—making it a rare and highly desirable income-producing property in Key Largo. Turn-key and rental-ready, the unit features impact windows and doors, an updated kitchen, new flooring, stylish bathrooms, and a spacious split-bedroom layout ideal for hosting guests. Balcony overlooking the ocean view. Maximize returns with high nightly rental rates, year-round demand, and a proven STR market in this sought-after location. Set in a gated, resort-style community with a private beach, deep-water marina to rent a slip, boat ramp, pool, tennis pickle ball courts, and 24/7 security, this property offers strong appreciation potential and immediate cash flow. Whether you're looking to expand your portfolio, complete a 1031 exchange, or own a piece of paradise—this property ticks all the boxes. It offers an excellent balance of lifestyle, convenience, and income potential. Unit 509 is a premium pick in Kawama Tower - Act now to secure your own slice of Key Largo paradise! Exceptional location, stunning views, and impressive amenities and rental income —your dream Island and oceanfront lifestyle awaits!
Directions
At mm 100 turn onto Ocean Bay Drive, all the way to the end turn right into Kawama Yacht Club. Go through the manned gate and make an immediate left. Follow until you see the Tower.

Fee Includes

Bldg Exterior Mnt
Yes
Building Insurance
Yes
Common Area Mnt
Yes
Security
Yes

Dockage

Boat Ramp
Yes

Tax Exemptions

None
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Microwave
Yes
Oven
Yes
Range
Yes
Refrigerator
Yes
Stainless Steel Appliance(s)
Yes
Washer
Yes

Pets

Pets Allowed
Yes

Cooling

Central Air
Yes

Waterfront

Oceanfront
Yes
Open Water
Yes

Waterview

Ocean View
Yes
Open Water View
Yes

Floor

Tile
Yes

Neighborhood Feature

Beach
Yes
Bike Paths
Yes
Community Boat Ramp
Yes
Community Pool
Yes
Tennis Courts
Yes

Interior Features

Granite Counter Top
Yes
Quartz Countertops
Yes
Split Bedroom
Yes
Storage
Yes

Property Condition

Updated/Remodeled
Yes

Specialty Rooms

Laundry Room
Yes

Windows/Doors

Impact Rstnce Doors
Yes
Impact Rstnce Window
Yes

Vehicle Storage

Guest Parking
Yes
Assigned Parking
Yes
Trailer Storage
Yes

Security

Manned Gate
Yes

Construction

CBS
Yes
Concrete
Yes

Land Size

10 or more Acres
Yes

Furnished

Furnished
Yes

Terms

Cash
Yes
Conventional
Yes

Utilities

FKAA
Yes
Municipal Sewer
Yes

Porch/Balcony

Open Porch/Balcony
Yes

Title

Title Ins - Buyer
Yes

Exterior Features

Sandy Beach
Yes
Tennis Court(s)
Yes

Roof

Concrete Roof
Yes

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Common Area Mnt; Security Tax Exemptions: None Waterfront: Oceanfront; Open Water Waterview: Ocean View; Open Water View Dockage: Boat Ramp Property Condition: Updated/Remodeled Vehicle Storage: Assigned Parking; Guest Parking; Trailer Storage Furnished: Furnished Cooling: Central Air Utilities: FKAA; Municipal Sewer Interior Features: Granite Counter Top; Quartz Countertops; Split Bedroom; Storage Specialty Rooms: Laundry Room Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Sandy Beach; Tennis Court(s) Pool Info: In Ground; Concrete Construction: CBS; Concrete Floor: Tile Roof: Concrete Roof Pets: Pets Allowed Neighborhood Feature: Beach; Bike Paths; Community Boat Ramp; Community Pool; Tennis Courts Security: Manned Gate Land Size: 10 or more Acres Terms: Cash; Conventional Title: Title Ins - Buyer

Documents

Listing Office: American Caribbean Real Estate, Christie's International Real Estate
Last Updated: August - 26 - 2025
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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