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Listing Board: Florida Keys

As is Rght to Inspct: Yes

Bank Owned: No

Current Price: $859,900

Listing Date: 2026-11-10

List Price: $859,900

Unit #: C4

City: KEY LARGO

Mile Marker: 100

Marathon Neighborhood: N/A

Side: Ocean

Flood Zone: AE

Alternate Key #: 1102741

Parcel #: 00090491-000304

Zoning: SF - Single Family

Deed Restrictions: No

Legal: UNIT 4 KAWAMA YACHT CLUB OF KEY LARGO PHASE ONE SEC ONE BLDG C OR663-195 OR998-2105/06 OR1342-1779/81 OR1442-2065/67 OR2

Taxes: 4210.01

Tax Year: 2025

Pub Sewer HkUp: Yes

Street #: 1500

Street Name: Ocean Bay

Street Suffix: Drive

Key/Island: Key Largo

State/Province: FL

Zip Code: 33037

County: Monroe

Subdivision: Kawama Yacht Club (100.0)

Area: 27 - Key Largo MM 97-107

Realtor.COM Type: Residential - Condo/Townhouse

Waterfront: No

Control Depth: 4

Lot Size: X

Lot SqFt: 0

Pool: Yes

Total Units: 0

Acres: 0

SqFt Source: Property Data Card

Rentals Allowed: Yes

Min Rental Days: 1

Style: Townhouse

Year Built: 1975

Living Apx SqFt: 772

Total Bedrooms: 2

Full Baths: 2

Total Baths: 2

Remarks – Consumer: Owner is the listing agent. Fully remodeled 2 bed, 2 bath condo directly on the lagoon at Kawama Yacht Club in Key Largo, with great water views from the unit. Being sold turnkey, so the next owner can keep renting from day one without having to furnish, equip, or set up anything. This is an established short-term vacation rental with strong guest reviews and a proven income history: approximately $105,000 in rental revenue in 2024, $103,000 in 2025, and $90,000 so far in 2026. Future bookings are already paid and on the calendar, so income continues after closing. The consistent results over three years show this is not a one-season success but a property that performs year after year. Location is a big part of what makes this unit work. Key Largo is the first stop in the Florida Keys and an easy drive from Miami, making it a popular getaway for South Florida visitors and travelers from out of state. Guests come for the water, diving, snorkeling, fishing, and boating, and John Pennekamp Coral Reef State Park is close by. Waterfront condos with this kind of track record are not easy to find in the Upper Keys. The seller has been a Key Largo real estate investor for over 12 years and will personally help the buyer set up rental platforms and transition existing reservations so there is no gap in bookings. For a new investor, that guidance can save months of trial and error. For an experienced investor, it means a smooth handoff and immediate cash flow. An ideal opportunity for an investor looking for a proven, income-producing property on the water, or a second-home buyer who wants to enjoy the Keys and let the rental help cover ownership costs. Income documentation available to qualified buyers upon request. Buyer to verify all rental regulations and association rules

Mandatory Home Owners Asc: Yes

1st Right of Refusal: Yes

Condo Doc's: Yes

Assoc Approval Req: Yes

Association Fee $: 854

Maintenance Fee $: 385

Assoc/Mnt Fee Per: Monthly

Cable: 1

None: 1

None: 1

Dryer: 1

Microwave: 1

Oven: 1

Refrigerator: 1

Stainless Steel Appliance(s): 1

Washer: 1

Wine Cooler: 1

Pets Allowed: 1

Central Air: 1

Central: 1

Hot Water: 1

Oceanfront: 1

Lake View: 1

Vinyl: 1

Beach: 1

Community Boat Ramp: 1

Community Dockage: 1

Community Pool: 1

Tennis Courts: 1

Drapes/Blinds Incl: 1

Quartz Countertops: 1

Smoke Alarms: 1

Walk-in Closet(s): 1

Laundry Room: 1

Above Flood: Yes

Townhouse: 1

Casement: 1

Double Hung Windows: 1

Manned Gate: 1

Patrolled Area: 1

CBS: 1

More than 1 Lot: 1

Furnished: 1

Cash: 1

Cable Available: 1

Deck: 1

Open Porch/Balcony: 1

Screened P/B: 1

Title Ins - Buyer: 1

Heated: Yes

Cable: 1

Metal Roof: 1

Auction: No

Bank Owned: No

Accordion: 1

Programmable Thermst: 1

Tankless Hot Wtr Htr: 1

Status: Active