#614754, Terry Canto,Top Producer, Listing office: American Caribbean Real Estate, Christies International Real Estate
$819,900 List price
1530 Ocean Bay Dr Unit 508 Key Largo, FL 33037
2 beds
2 full
1,188 sqft
$690 / sqft
Condo
Property details
About 1530 Ocean Bay Dr Unit 508
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.
Highlights
Home typeCondominium
StatusActive
Size1,188 sqft
Year built1993
MLS #615672
WaterfrontOcean Front
ViewOcean
Private poolYes
Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Washer
- Flooring Type: Laminate
- Interior: Elevator, Walk-In Closet(s)
- Total Bedroom Count: 2
- Private Pool: Yes
- Waterfront: Ocean Front
- View: Ocean
- Exterior: Tennis Court(s)
- Architectural Style: Condo
- List Price: $819,900
- Price/SqFt: $690
- HOA Amount: $1055 Monthly
- Lot: Waterfront
- Year Built: 1993
- Living Area: 1,188 SqFt
- MLS Number: 615672
- MLS Name: KeyWest
- Office Name: Pedrin of Miami Realty, Inc.
- Office Phone: (305) 200-1125
- Listing Agent: Diana Valbuena
The data relating to real estate for sale on this web site comes in part from the IDX Program of Key West Association of REALTORS®, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025 Key West Association of REALTORS®, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/16/2025, 3:45:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
9
Ocean Studies Charter
Public Charter KG-5
6.2 mi
•92295 Old Hwy
3
Miami Community Charter School
Public Charter KG-5
25.6 mi
•101 S Redland Rd
2
Florida City Elementary School
Public District PK-5
26.0 mi
•364 NW 6th Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $85,432. Residents of Key Largo, FL typically earn between $35k-100k each year. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
9%
<35k
62%
35k-100k
20%
100k-200k
9%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
48%
Single, No Kids
8%
Single, with Kids
31%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
5%
12-17 yrs old
16%
18-34 yrs old
54%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
Skiing/snowboarding
PGA/LPGA
College Football
Where do the neighbors shop?
BJs Wholesale Club
Stein Mart
Express/Express For Men
Where do the neighbors go to eat?
Panera
Cracker Barrel
Sonic
What do the neighbors drive?
Infiniti
Lexus
Kia
What do the neighbors listen to?
Adult Hits
Oldies
New Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1530 Ocean Bay Dr Unit 508
The listing price of 1530 Ocean Bay Dr Unit 508 property is $819,900.
The property 1530 Ocean Bay Dr Unit 508 is a condo located in Key Largo, Florida, 33037.
Active Listing: 1530 Ocean Bay Dr Unit 508 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1530 Ocean Bay Dr Unit 508 are: Ocean Studies Charter (GreatSchools Rating 9/10), Miami Community Charter School (GreatSchools Rating 3/10), Florida City Elementary School (GreatSchools Rating 2/10), Key Largo School (GreatSchools Rating 6/10), Plantation Key School (GreatSchools Rating 8/10), Treasure Village Montessori Charter School (GreatSchools Rating 10/10), Coral Shores High School (GreatSchools Rating 5/10), Miami Community Charter High School (GreatSchools Rating 3/10), Homestead Senior High School (GreatSchools Rating 5/10).
The property at 1530 Ocean Bay Dr Unit 508 has 2 bedrooms and 2 bathrooms.
The property 1530 Ocean Bay Dr Unit 508 is 1,188 SqFt (source: MLS/tax record).
The year of construction for 1530 Ocean Bay Dr Unit 508 is 1993.
This home is located at 1530 Ocean Bay Dr Unit 508 in Key Largo, FL and zip code 33037. This 1,188 square foot home was built in 1993. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 3, 2025 and is currently priced at $819,900.
While more than 3 listings in Key Largo, FL in June 2025 were sold above asking price, there were more than 3 listings sold at asking price, and more than 25 were sold below. The inventory of homes for sale in Key Largo, FL between May and June 2025 increased by 6.2%. In June 2025 median list price was $875,000 and the average listing age was 119 days.
From Rocket Homes Real Estate and based on county public records data.