1530 Ocean Bay Drive Unit 509
Key Largo, FL 33037
Map
- 2 beds
- 2 baths
- 1,188 sqft
- $694 per sqft
- 1993 build
- – on site
Capture the essence of island living with this incredible top-floor condo offering breathtaking panoramic ocean views in prestigious Kawama Tower, Key Largo! This meticulously maintained 2-bedroom, 2-bathroom unit is an ideal investment property, fully turn-key and approved for short-term rentals, promising great income potential. Rental Ready with fully equipped kitchen to start enjoying immediately. Step inside to discover an inviting, sunlit living space that seamlessly blends coastal elegance with modern convenience. The condo features impact windows and doors, an updated kitchen, new floors, contemporary bathrooms, and a well-designed, spacious split-bedroom layout perfect for guests or family. Enjoy gentle ocean breezes and stunning views right from your living room.Kawama Tower, located in a gated community, provides unmatched resort-style amenities, including a deep-water marina ideal for boating and fishing enthusiasts, private beach access, a pristine pool area, tennis courts, and more. Whether you desire an idyllic vacation getaway, a full-time coastal retreat, or a lucrative investment, this property ticks all the boxes.Act quickly to secure your own slice of Key Largo paradise! Exceptional location, stunning views, and impressive amenities--your dream oceanfront lifestyle awaits!
Last checked:
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Last updated Jul 6, 2025
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MLS# 614754 —
The Building
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Year Built:1993
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Construction:CBS, Concrete
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Style:Condo
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Unit #:509
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Exterior Features:Sandy Beach, Tennis Court(s)
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Windows/Doors:Impact Rstnce Window, Impact Rstnce Doors
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Roof:Concrete Roof
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Porch/Balcony:Open Porch/Balcony
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Security:Manned Gate
Interior
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Specialty Rooms:Laundry Room
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Furnished:Furnished
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Interior Features:Split Bedroom, Quartz Countertops, Storage, Granite Counter Top
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Floor:Tile
Financial & Terms
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Terms:Cash, Conventional
Location
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Directions: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.
The Property
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Parcel #:00090495-000509
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Property Condition:Updated/Remodeled
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Land Size:10 or more Acres
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Waterfront:Oceanfront, Open Water
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Zoning:SR - Sub Urban Residential District
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Waterfront:Yes
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Waterview:Ocean View, Open Water View
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Flood Zone:AE,AE
Listing Agent
- Contact info:
- Agent phone:
- (305) 394-3037
- Office phone:
- (305) 451-4078
Taxes
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Tax Year:2024
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Taxes:6290.71
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Tax Exemptions:None
Beds
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Total Bedrooms:2
Baths
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Total Baths:2.00
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Full Baths:2
The Listing
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UnBranded Virtual Tour:https://tour.pivo.app/view/e66645d7-281b-4c58-9390-c73096967a81
Heating & Cooling
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Cooling:Central Air
Utilities
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Utilities:FKAA, Municipal Sewer
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Pub Sewer HkUp:Yes
Appliances
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Appliances:Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
The Community
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Subdivision:Kawama Tower (100.0)
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Neighborhood Features:Community Pool, Bike Paths, Beach, Tennis Courts, Community Boat Ramp
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Pool Info:In Ground, Concrete
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Pool Info: Heated:Yes
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Dockage:Boat Ramp
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Pets:Pets Allowed
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Fee Includes:Bldg Exterior Mnt, Security, Common Area Mnt, Building Insurance
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Association Info: Association Fee $:1350.00
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Association Info: Mandatory Home Owners Asc:Yes
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Association Info: Assoc/Mnt Fee Per:Monthly
Parking
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Vehicle Storage:Assigned Parking, Trailer Storage, Guest Parking
Monthly cost estimate
Asking price
$825,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$4,417
|
| Taxes | $524 |
| Insurance | $226 |
| Utilities | $120 See report |
| Total | $5,287/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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7/4/25
Jul 4, 2025
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Price Changed | FLKMLS | $825,000 | -2.4% |
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6/18/25
Jun 18, 2025
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Listed / Active | FLKMLS | $845,000 | |
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6/2/25
Jun 2, 2025
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Sold Subject To Contingencies | FLKMLS | $845,000 |
