$786,000
$825,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
1,188 SqFt
SOLD DATE : 08/25/2025
Key Details
Sold Price $786,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,188 sqft
Price per Sqft $661
Subdivision Kawama Tower (100.0)
MLS Listing ID 614754
Sold Date 08/25/25
Style Above Flood
Bedrooms 2
Full Baths 2
HOA Fees $1,350/mo
HOA Y/N Yes
Year Built 1993
Annual Tax Amount $6,290
Tax Year 2024
Property Sub-Type Condominium
Land Area 1188
Property Description
Top-Floor Oceanfront Condo | STR Rentals Approved | Income-Producing
Investor 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!
Location
State FL
County Monroe
Community Community Boat Ramp, Bike Paths, Beach, Tennis Court(S), Pool
Area 27 - Key Largo Mm 97-107
Zoning SR - Sub Urban Residential District
Direction At mm 100 turn onto Ocean Bay Drive, all the way to the end turn right into Kawama Yacht Club. Go through the manned gate and make an immediate left. Follow until you see the Tower.
Interior
Interior Features Granite Counter Top, Quartz Countertops, Split Bedroom, Storage
Cooling Central Air
Flooring Tile
Furnishings Furnished
Window Features Impact Rstnce Doors,Impact Rstnce Window
Appliance Dryer, Washer, Dishwasher, Microwave, Oven, Stainless Steel Appliance(s), Range, Refrigerator
Laundry Laundry Room
Exterior
Exterior Feature Sandy Beach, Tennis Court(s)
Parking Features Guest, Assigned
Pool Concrete, Heated, In Ground
Community Features Community Boat Ramp, Bike Paths, Beach, Tennis Court(s), Pool
Utilities Available FKAA, Municipal Sewer
Waterfront Description Oceanfront, Open Water
Roof Type Concrete Roof
Porch Open Porch/Balcony
Garage No
Building
Architectural Style Above Flood
New Construction No
Others
HOA Fee Include Bldg Exterior Mnt,Building Insurance,Common Area Mnt,Security
Tax ID 00090495-000509
Security Features Manned Gate
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Pets Allowed Yes
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