$819,900
$10K PRICE INCREASE

1530 Ocean Bay Dr Unit 508 Key Largo, FL 33037

Estimated payment $5,976/month

Total Views 4,653
2 Beds
2 Baths
1,188 Sq Ft
$690 Price per Sq Ft

Highlights

  • Ocean Front
  • Boat Ramp
  • Furnished
  • Coral Shores High School Rated A
  • Heated In Ground Pool
  • 1-minute walk to Schwingggg

About This Home

Turnkey investment opportunity in the heart of Key Largo! This property qualifies for special financing where personal income verification is not required. Approval is based solely on the property's proven or projected rental income, making it an ideal opportunity for investors seeking a high-return vacation rental or short-term rental property. Property has potential to generate over $100,000 per year in rental income. This updated 2BR/2BA condo at Kawama Yacht Club Tower (Unit 508) is being sold as a potentially high-performance short-term rental. Rare legal daily rental zoning ideal for maximizing occupancy and cash flow. Fully furnished, impact windows, beautifully maintained, and ready to generate revenue from day one. Resort amenities include marina, pools, beach, tennis, pickleball and 24/7 gated security. Excellent ROI in one of the most desirable waterfront communities in the Florida Keys.

Listing Agent

Diana Valbuena

Pedrin of Miami Realty, Inc. License #3311963 Listed on: 07/03/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,719

Year Built

  • Built in 1993

Lot Details

  • Ocean Front

HOA Fees

  • $1,055 Monthly HOA Fees

Parking

  • Open Parking

Home Design

  • Stucco

Interior Spaces

  • 1,188 Sq Ft Home
  • 5-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Laminate Flooring
  • Ocean Views

Kitchen

  • <<OvenToken>>
  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Heated In Ground Pool
  • Boat Ramp
  • Balcony

Utilities

  • Hot Water Heating System
  • Programmable Thermostat
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00090495-000508

Community Details

Overview

  • $385 Maintenance Fee
  • Association fees include cable, security, common area mnt, building insurance, bldg exterior mnt, exterminating, sewer
  • 48 Units
  • Kawama Tower Subdivision

Pet Policy

  • Pets Allowed

Security

  • Impact Glass
  • Fire and Smoke Detector

Recreation

  • Tennis Courts

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,719

Year Built

Built in 1993

Lot Details

0

HOA Fees

$1,055 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 1055.00
  • Maintenance Fee: 385.00
  • Mandatory HOA: Yes
  • Control Depth: 6
  • Fee Includes: Cable, Security, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Exterminating, Sewer
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Key Largo
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 100.00
  • Min Rental Days: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 4719.29
  • Title: Title Ins - Buyer
  • Vehicle Storage: Open Parking
  • Year Built: 1993
  • Alternate Key Number: 8843747
  • Cooling Heating: Ceiling Fans(s)
  • Lot Sq Ft: 1322.00
  • Pool Info: In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Monthly
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 5 Stories
  • Estimated Living Sq Ft: 1188.00
  • Pre Wired: Cable
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • G F Interior Features: Programmable Thermst
  • Sewer Hook Up: Yes
  • Unit Complex: Unit
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Built-in Cabinets, Window Treatments, Walk-in Closet(s), Smoke Alarms, Elevator, Granite Counter Top
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Laminate
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: Boat Ramp
  • Waterfront: Oceanfront
  • Waterfront: Yes
  • Construction: CBS, Stucco
  • Exterior Features: Tennis Court(s)
  • Waterview: Ocean View
  • Pool: Yes

Utilities

  • Utilities: Cable Available
  • Heating: Hot Water

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE,AE
  • Parcel Number: 00090495-000508
  • Land Size: 10 or more Acres

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2024

Multi Family

  • Total Units: 48.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2024 $4,407 $594,509 -- $594,509
2023 $4,407 $579,154 $0 $579,154
2022 $3,615 $410,250 $0 $410,250
2021 $3,387 $343,583 $0 $343,583
2020 $3,341 $335,731 $0 $335,731
2019 $3,204 $318,448 $0 $318,448
2018 $3,175 $318,448 $0 $0
2017 $2,892 $277,858 $0 $0
2016 $2,814 $266,534 $0 $0
2015 $2,612 $227,384 $0 $0
2014 $2,681 $227,384 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2025 07/03/25 For Sale $809,999 -- $682 / Sq Ft
Source: Florida Keys Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $268,000 Sunshine Title Of The Keys I
Warranty Deed $106,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $214,400 New Conventional
Source: Public Records

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Source: Florida Keys Board of REALTORS®

MLS Number: 615672

Florida Keys Board of REALTORS®

APN: 00090495-000508

Florida Monroe County Key Largo 33037

1530 Ocean Bay Dr Unit 508, Key Largo, FL

This home is located at 1530 Ocean Bay Dr Unit 508, Key Largo, FL 33037 and is currently priced at $819,900, approximately $690 per square foot. This property was built in 1993. 1530 Ocean Bay Dr Unit 508 is a home located in Monroe County with nearby schools including Key Largo School, Coral Shores High School, and Dolphin Montessori Children's House.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Keys Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Diana Valbuena
Listing Agent
Diana Valbuena
Section Image
Pedrin of Miami Realty, Inc.
(786) 730-9205