1530 Ocean Bay Drive #508

KEY LARGO, FL 33037

  • 2 Bed(s)
  • 2 Bath(s)
  • 1,188 Sqft
$819,900

Description

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.

  • Property Type

    Residential - Condo/Townhouse

  • County

    Monroe

  • Style

    Condo

  • AD ID

    50337844

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Property Details

  • Bedroom Information

    • Total Bedrooms : 2

    Bathroom Information

    • Total Baths: 2
    • Full Baths: 2

    Interior Features

    • Drapes/Blinds Incl,Built-in Cabinets,Window Treatments,Walk-in Closet(s),Smoke Alarms,Elevator,Granite Counter Top
    • Programmable Thermst
    • Appliances : Washer,Disposal,Microwave,Oven,Range,Refrigerator,Dishwasher,Dryer

    Flooring Information

    • Laminate

    Heating & Cooling

    • Cooling: Ceiling Fans(s)
    • Heating: Hot Water
    • Water Front: Yes
    • Oceanfront
    • Ocean View

    Window Information

    • Window Treatments: Impact Rstnce Window,Impact Rstnce Doors

  • Building Information

    • Year Built: 1993
    • Total Units: 48.00
    • Floor Location: 1322
    • Construction: CBS,Stucco

    Exterior Features

    • Tennis Court(s)

    Pool Information

    • In Ground
    • Heated : Yes

  • Lot Information

    • Lot SqFt: 1,322
    • Lot SqFt Source: Tax Records
    • UNIT 508 KAWAMA TOWER A CONDOMINIUM OR1374-1421/22 OR2632-1343

    Property Information

    • SQ ft (Living Area): 1,188
    • View: Ocean View
    • Subdivision: Kawama Tower (100.0)
    • Stories: 5 Stories

  • Listing Price Information

    • List Price: $819,900

    Listing Information

    • Cash,Conventional

  • Tax Information

    • Taxes: $4,719
    • Tax Year: 2024
    • Parcel Number: 00090495-000508
    • Tax Exemptions : None

  • Multi-Unit Information

    • Pets Allowed: Pets Allowed

    Homeowners Association Information

    • Mandatory Home Owners Asc : Yes
    • 1st Right of Refusal : No
    • Association Fee $1055.00
    • Maintenance Fee $385.00
    • Assoc/Mnt Fee Per : Monthly

  • Utility Information

    • Cable Available
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BuyOwner last updated this listing 07/05/2025 @ 19:39

  • MLS: 615672
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Florida Keys MLS, Inc.

is a Condo, with 2 bedrooms which is for sale, it has 1,188 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.