Agent is also the owner. This property is being sold with over

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Condo For Sale

1530 Ocean Bay Dr UNIT 304

Key Largo, Florida 33070

Monroe County

Waterfront: Yes

Water View: Yes

Community: Kawama Tower (1)

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$859,900 2 br, 2.0 bath 1188 sq. ft. 0.000 acres

Agent is also the owner. This property is being sold with over 100 5 STAR reviews on . 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.

Interior:
  • Bedrooms: 2
  • Baths: 2.0
  • Sq Ft: 1188
  • Year Built: 1993
  • Utilities: 
  • Fireplaces: 
  • Stories: 
  • Heat/AC: 
  • Garage: Open
Exterior:
  • Lot Size: 0.000 acre
  • Lot Dimensions: 
  • Waterfront: Yes
  • View Types: Water
  • Yard: 
  • Siding: 
  • Roof: Concrete
  • Property Taxes: $5,028
  • MLS #: 619532
  • Unit Number: UNIT 304
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Contact Information:
Beach Condo For Sale in Key Largo, Florida
Listing Agent: Diana Valbuena, Pedrin of Miami Realty, Inc., 305-721-5775, 305-200-1125 Listing Site, Listing Status: Active
Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7583177
Viewed 21 times.
Updated: Apr 16, 2026

This property is a Condo located at 1530 Ocean Bay Dr UNIT 304, Key Largo, Florida 33070, and is currently For Sale at $859,900. This Condo has 2 bedrooms, 2.0 baths, 1188 sq ft.