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!
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 2.00
- Full Bathrooms: 2
Interior Features
- Split Bedroom
- Quartz Countertops
- Storage
- Granite Counter Top
- Interior Amenities: Laundry Room
- Furnished Description: Furnished
- Flooring: Tile
- Window Features: Impact Rstnce Window, Impact Rstnce Doors
Appliances
- Washer
- Stainless Steel Appliance(s)
- Microwave
- Oven
- Range
- Refrigerator
- Dishwasher
- Dryer
Heating and Cooling
- Cooling Features: Central Air
Exterior and Lot Features
- Sandy Beach
- Tennis Court(s)
- Porch Description: Open Porch/Balcony
Pool and Spa
- Pool Features: In Ground, Concrete, Heated Pool: Yes
Waterfront and Water Access
- Oceanfront
- Open Water
- Boat Features: Boat Ramp
Garage and Parking
- Garage Description: Assigned Parking, Trailer Storage, Guest Parking
Home Features
- View: Ocean View, Open Water View
- Security Features: Manned Gate
Homeowners Association
- Association: Yes
- Association Amenities: Bldg Exterior Mnt, Security, Common Area Mnt, Building Insurance
- Association Fee: 1350
- Association Fee Frequency: Monthly
- Calculated Total Monthly Association Fees: 1350
- Pet Description: Pets Allowed
Rental Info
- Lease Term: Min Rental Days: 1.00
Amenities and Community Features
- Community Features: Community Pool, Bike Paths, Beach, Tennis Courts, Community Boat Ramp
Other Property Info
- Annual Tax Amount: 6290.71
- Source Listing Status: Contingent
- County: Monroe
- 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.
- Tax Year: 2024
- Source Property Type: Residential - Condo/Townhouse
- Area: 27 - Key Largo MM 97-107
- Property Subtype: condo
- Source Neighborhood: Kawama Tower (100.0)
- Parcel Number: 00090495-000509
- Subdivision: Kawama Tower (100.0)
- Zoning: SR - Sub Urban Residentia
- Property Subtype: Condo
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1188
- Year Built: 1993
- Construction Materials: CBS, Concrete
- Living Area Source: Tax Records
- Property Age: 32
- Property Condition: Updated/Remodeled
- Roof: Concrete Roof
- Levels or Stories: 5
Utilities