1530 Ocean Bay Dr Unit 210 Key Largo, FL 33037
Estimated payment $4,854/month
Highlights
- Ocean Front
- Gated with Attendant
- Furnished
- Coral Shores High School Rated A
- Heated In Ground Pool
- 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 had $84,000 in rental income in an average of 10 months. 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
- $3,968
Year Built
- Built in 1993
Parking
- Open Parking
Property Views
- Ocean
- Harbor
Home Design
- Entry on the 2nd floor
- Concrete Roof
Interior Spaces
- 1,188 Sq Ft Home
- Furnished
- Blinds
- Single Hung Windows
- Vinyl Flooring
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
Home Security
Outdoor Features
- Heated In Ground Pool
- Balcony
- Tiki or Chickee Hut
- Attached Grill
Utilities
- Central Heating and Cooling System
- Hot Water Heating System
- Public Hookup Available For Sewer
- Cable TV Available
Additional Features
- Accessible Parking
- Ocean Front
Listing and Financial Details
- Assessor Parcel Number 00090495-000210
Community Details
Overview
- Property has a Home Owners Association
- Association fees include cable
- 48 Units
- Kawama Tower Subdivision
Recreation
- Tennis Courts
Pet Policy
- Pets Allowed
Security
- Gated with Attendant
- Fire and Smoke Detector
- Fire Sprinkler System
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 | $3,968 | $647,339 | -- | $647,339 |
| 2024 | $3,699 | $497,146 | -- | $497,146 |
| 2023 | $3,699 | $483,424 | $0 | $483,424 |
| 2022 | $3,020 | $332,489 | $0 | $332,489 |
| 2021 | $2,814 | $272,914 | $0 | $272,914 |
| 2020 | $2,770 | $265,795 | $0 | $265,795 |
| 2019 | $2,646 | $250,309 | $0 | $250,309 |
| 2018 | $2,643 | $250,309 | $0 | $0 |
| 2017 | $2,463 | $231,714 | $0 | $0 |
| 2016 | $2,382 | $216,755 | $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 |
|---|---|---|---|---|---|
| 12/10/2025 12/10/25 | For Sale | $859,900 | +9.5% | $724 / Sq Ft | |
| 09/27/2024 09/27/24 | Sold | $785,000 | -4.8% | $661 / Sq Ft | View Prior Sale |
| 08/12/2024 08/12/24 | For Sale | $825,000 | +24.1% | $694 / Sq Ft | |
| 06/12/2024 06/12/24 | Sold | $665,000 | -11.3% | $560 / Sq Ft | View Prior Sale |
| 05/31/2024 05/31/24 | Pending | -- | -- | -- | |
| 05/21/2024 05/21/24 | Price Changed | $750,000 | -3.8% | $631 / Sq Ft | |
| 04/24/2024 04/24/24 | Price Changed | $780,000 | -0.6% | $657 / Sq Ft | |
| 04/23/2024 04/23/24 | For Sale | $785,000 | -- | $661 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $785,000 | None Listed On Document | |
| Warranty Deed | $665,000 | None Listed On Document | |
| Warranty Deed | $225,000 | Sunshine Title Of The Keys I | |
| Warranty Deed | $110,000 | -- | |
| Warranty Deed | $93,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $548,100 | New Conventional | |
| Previous Owner | $125,000 | Adjustable Rate Mortgage/ARM |
Source: Florida Keys Board of REALTORS®
MLS Number: 617677
APN: 00090495-000210
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