#615672, Diana Valbuena, Listing office: Pedrin of Miami Realty, Inc.
$825,000 List price
1530 Ocean Bay Dr Unit 509 Key Largo, FL 33037
2 beds
2 full
1,188 sqft
$694 / sqft
Condo
Property details
About 1530 Ocean Bay Dr Unit 509
Top-Floor Oceanfront Condo | STR Rentals Approved | Income-ProducingInvestor 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!
Highlights
Home typeCondominium
StatusActive
Size1,188 sqft
Year built1993
MLS #614754
WaterfrontOcean Front
ViewOcean
Private poolYes
Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer
- Total Bedroom Count: 2
- Private Pool: Yes
- Waterfront: Ocean Front
- View: Ocean
- Exterior: Tennis Court(s)
- Architectural Style: Condo
- List Price: $825,000
- Price/SqFt: $694
- HOA Amount: $1350 Monthly
- Lot: Waterfront
- 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.
- Year Built: 1993
- Living Area: 1,188 SqFt
- MLS Number: 614754
- MLS Name: KeyWest
- Office Name: American Caribbean Real Estate, Christies International Real Estate
- Office Phone: (305) 451-4078
- Listing Agent: Terry Canto,Top Producer
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, 2:45:38 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
Similar homes for sale
#615615, William Cassie, Listing office: Florida Realty Coastwide
#615233, BJ Born, Listing office: Real Estate Sales Force, Inc.
#615061, Sandra Dolowy, Listing office: KeyIsle Realty
#615061, Listing office: KeyIsle Realty
#613684, Ana G. Zalesky, P.A., Listing office: Coldwell Banker Schmitt Key Largo
#613684, Ana G. Zalesky, P.A., Listing office: Coldwell Banker Schmitt Key Largo
#612922, Carlos Lorenzo, Listing office: American Caribbean Real Estate, Christies International Real Estate
#613998, Tiffany Alana, Listing office: Ocean Sothebys International Realty
#613998, Tiffany Alana, Listing office: Ocean Sothebys International Realty
Frequently asked questions
About 1530 Ocean Bay Dr Unit 509
The listing price of 1530 Ocean Bay Dr Unit 509 property is $825,000.
The property 1530 Ocean Bay Dr Unit 509 is a condo located in Key Largo, Florida, 33037.
Active Listing: 1530 Ocean Bay Dr Unit 509 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1530 Ocean Bay Dr Unit 509 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 509 has 2 bedrooms and 2 bathrooms.
The property 1530 Ocean Bay Dr Unit 509 is 1,188 SqFt (source: MLS/tax record).
The year of construction for 1530 Ocean Bay Dr Unit 509 is 1993.
This home is located at 1530 Ocean Bay Dr Unit 509 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 April 23, 2025 and is currently priced at $825,000.
In June 2025, from all listings sold in Key Largo, FL there were more than 3 sold above asking price, over 25 sold below and more than 3 were sold right at the asked price. The number of listings in Key Largo, FL increased by 6.2% between May and June 2025. In June 2025, listings were on the market for 119 days. During the same period, the median list price in this real estate market was $875,000.
From Rocket Homes Real Estate and based on county public records data.