1530 Ocean Bay Dr Unit 207 Key Largo, FL 33037
Estimated payment $4,772/month
Highlights
- Gated with Attendant
- Heated In Ground Pool
- Furnished
- Coral Shores High School Rated A
- Pond View
- 1-minute walk to Schwingggg
About This Home
Agent is also the owner. Welcome to Kawama Tower, one of the very few communities in Key Largo that legally allows short-term rentals, making this an exceptional investment opportunity with strong passive-income potential. This property has the potential to generate $80,000-$100,00 in rental income annually. 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 finishesOceanfront community with marina viewsOne of the few Key Largo neighborhoods permitting short-term rentalsTurnkey and ready for immediate occupancy or rentalResort amenities: pools, lagoon, beach, tennis, boat ramp, 24/7 securityGated community at MM 100, close to Pennekamp, dining, and shoppingThis is a rare opportunity to own a high-performing, short-term rental in one of the most desirable oceanfront communities in the Upper Keys.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,622
Year Built
- Built in 1993
Parking
- Open Parking
Home Design
- Concrete Roof
Interior Spaces
- 1,188 Sq Ft Home
- Furnished
- Blinds
- Single Hung Windows
- Vinyl Flooring
- Pond Views
Kitchen
- Oven
- Range
- Microwave
- Freezer
- Dishwasher
- Stainless Steel Appliances
- Quartz Countertops
- Built-In or Custom Kitchen Cabinets
Bedrooms and Bathrooms
- 2 Bedrooms
- Split Bedroom Floorplan
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Accessible Home Design
- Accessible Parking
Outdoor Features
- Heated In Ground Pool
- Balcony
- Tiki or Chickee Hut
- Attached Grill
Utilities
- Central Heating and Cooling System
- Hot Water Heating System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 00090495-000207
Community Details
Overview
- Property has a Home Owners Association
- Association fees include cable
- Kawama Tower Subdivision
Recreation
- Tennis Courts
Pet Policy
- Pets Allowed
Security
- Gated with Attendant
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,622 | $441,436 | -- | $441,436 |
| 2024 | $3,372 | $443,883 | -- | $443,883 |
| 2023 | $3,372 | $431,647 | $0 | $431,647 |
| 2022 | $2,765 | $297,046 | $0 | $297,046 |
| 2021 | $2,578 | $243,919 | $0 | $243,919 |
| 2020 | $2,432 | $224,433 | $0 | $224,433 |
| 2019 | $2,434 | $224,433 | $0 | $224,433 |
| 2018 | $2,468 | $224,433 | $0 | $0 |
| 2017 | $2,322 | $207,799 | $0 | $0 |
| 2016 | $2,333 | $202,762 | $0 | $0 |
| 2015 | $2,213 | $181,907 | $0 | $0 |
| 2014 | $2,270 | $181,907 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/27/2025 11/27/25 | For Sale | $849,900 | +254.1% | $715 / Sq Ft | |
| 11/07/2014 11/07/14 | Sold | $240,000 | -9.4% | $182 / Sq Ft | View Prior Sale |
| 08/19/2014 08/19/14 | Pending | -- | -- | -- | |
| 07/11/2014 07/11/14 | For Sale | $264,900 | -- | $200 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $650,000 | None Listed On Document | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Special Warranty Deed | $240,000 | New House Title Llc | |
| Special Warranty Deed | -- | New House Title Llc | |
| Trustee Deed | $150,100 | None Available | |
| Trustee Deed | -- | None Available | |
| Warranty Deed | $395,000 | Attorney | |
| Warranty Deed | $369,900 | Atlantic Title Insurance Com | |
| Warranty Deed | $202,500 | -- | |
| Warranty Deed | $83,000 | -- | |
| Warranty Deed | $82,400 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $455,000 | New Conventional | |
| Previous Owner | $192,000 | New Conventional | |
| Previous Owner | $355,500 | Purchase Money Mortgage | |
| Previous Owner | $162,000 | New Conventional |
Source: Florida Keys Board of REALTORS®
MLS Number: 617490
APN: 00090495-000207
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