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About This Home
This 2-bedroom, 2-bathroom condo at 1530 Ocean Bay Drive in Key Largo, FL is listed for $859,900 ($724 per sqft). Built in 1993, the home offers 1,188 sqft of living space on a N/A lot.
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.
Key Features
- Built in 1993
- Private pool
- Waterfront
Property Details
Amenities
Monthly Cost Estimate
$6,039/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1530 Ocean Bay Drive
Key Largo, FL 33070
Kawama Tower (100.0)
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Views
Pool Features
Parking
Heating
Cooling
Appliances
Questions & Answers
This 2-bedroom, 2-bathroom condo at 1530 Ocean Bay Drive is listed at $859,900 ($724/sqft). The estimated monthly payment is $5,166 based on 20% down at 6.5% interest.
HOA fees are $1440/month.
Key features include: Built in 1993, Private pool, Waterfront. Interior Features: Built-in Cabinets, Elevator, Fire Sprinkler. Exterior Features: Built-in Grill, Chickee Hut, Tennis Court(s).
This property is listed by Diana Valbuena and can be reached at 3057215775 or valbuenapartners@gmail.com.
