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Terry Canto

terry@terrycanto.com +1(305) 394-3037

Listed by Diana Valbuena Pedrin of Miami Realty, Inc.

$ 859,900

Est. payment | -/mo

2 Beds

2 Baths

1,188 SqFt

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$ 859,900

Est. payment | -/mo

Save

2 Beds

2 Baths

1,188 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,188 sqft

Price per Sqft $723

Subdivision Kawama Tower (100.0)

MLS Listing ID 619532

Style Above Flood

Bedrooms 2

Full Baths 2

HOA Fees $1,440

HOA Y/N Yes

Year Built 1993

Annual Tax Amount $5,027

Tax Year 2025

Lot Dimensions X

Property Sub-Type Condominium

Land Area 1188

Property Description

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

Location

State FL

County Monroe

Community Tennis Court(S)

Area 27 - Key Largo Mm 97-107

Zoning UR - Urban Residential Distrit

Interior

Interior Features Built-in Cabinets, Drapes/Blinds Incl, Elevator, Fire Sprinkler, Quartz Countertops, Smoke Alarms, Split Bedroom, Window Treatments

Heating Hot Water

Cooling Central Air, Ceiling Fans(s)

Flooring Vinyl

Furnishings Furnished

Window Features Single Hung Windows

Appliance Freezer, Dryer, Washer, Dishwasher, Microwave, Oven, Stainless Steel Appliance(s), Range, Refrigerator

Laundry Laundry Room

Exterior

Exterior Feature Chickee Hut, Built-in Grill, Tennis Court(s)

Parking Features Open

Pool In Ground

Community Features Tennis Court(s)

Utilities Available Cable Available, Municipal Sewer

Waterfront Description Oceanfront

Roof Type Concrete Roof

Porch Open Porch/Balcony

Garage No

Building

Architectural Style Above Flood

Others

HOA Fee Include Cable TV

Senior Community No

Tax ID 00090495-000304

Security Features Manned Gate

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Pets Allowed Yes

1530 Ocean Bay DR Key Largo, FL 33070

Terry Canto

Key Details

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Interior

Exterior

Building

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1530 Ocean Bay DR