Skip main navigation
Sold for $786,000 on 08/25/25
  • $786,000

    1530 Ocean Bay Dr APT 509, Key Largo, FL 33037

    2beds
    1,188sqft
    Condominium, Residential - Condo/Townhouse
    Built in 1993
    -- sqft lot
    $786,500 Zestimate®
    $662/sqft
    $4,617 Estimated rent

    Owner options

    List your home for rent

    $4,617/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $4,617/mo

    Rent Zestimate®

    Refinance and save

    $5,938/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $5,938/mo

    Est. payment

    What's special

    Top-Floor Oceanfront Condo | STR Rentals Approved | Income-ProducingInvestor 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!

    Zillow last checked: 7 hours ago

    Listing updated: August 26, 2025 at 03:03am

    Listed by:

    Terry Canto,Top Producer 305-394-3037,

    American Caribbean Real Estate, Christie's International Real Estate

    Bought with:

    Terry Canto,Top Producer, 626852

    American Caribbean Real Estate, Christie's International Real Estate

    Source: FLKMLS,MLS#: 614754MLS LogoOriginating MLS: Florida Keys

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Cooling
    • Central Air
    Appliances
    • Included: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
    • Laundry: Laundry Room
    Features
    • Split Bedroom, Quartz Countertops, Storage, Granite Counters
    • Flooring: Tile
    • Doors: Impact Rstnce Doors
    • Windows: Impact Rstnce Window
    • Furnished: Yes
    Interior area
    • Total interior livable area: 1,188 sqft

    Property

    Parking
    • Parking features: Assigned, Trailer Storage, Guest
    Features
    • Levels: 5 Stories
    • Stories: 5
    • Patio & porch: Open Porch/Balcony
    • Exterior features: Sandy Beach, Tennis Court(s)
    • Has private pool: Yes
    • Pool features: Heated, In Ground, Concrete
    • Has view: Yes
    • View description: Ocean, Water
    • Has water view: Yes
    • Water view: Ocean,Water
    • Waterfront features: Oceanfront, Open Water, Waterfront, Sandy Beach, Dockage: Boat Ramp
    Lot
    • Features: 10 or more Acres
    Details
    • Parcel number: 00090495000509
    • Zoning: SR
    • Zoning description: Sub Urban Residential District

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium, Residential - Condo/Townhouse
    Materials
    • CBS, Concrete
    • Roof: Concrete
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1993

    Utilities & green energy

    • Sewer: Municipal Sewer, Public Sewer
    • Utilities for property: FKAA

    Community & neighborhood

    Security
    • Security features: Gated with Guard
    Community
    • Community features: Pool, Bike Paths, Beach, Tennis Court(s), Community Boat Ramp
    Location
    • Region: Key Largo
    • Subdivision: Kawama Tower (100.0)

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $1,350 monthly
    • Services included: Maintenance Structure, Security, Maintenance Grounds, Building Insurance

    Other

    Other facts
    • Listing terms: Cash,Conventional
    Services availability