Sold for $460,000

$460,000

1101 W Ocean Dr #12, Key Colony Beach, FL 33051

2beds

990sqft

Condominium, Residential - Condo/Townhouse

Built in 1973

-- sqft lot

$442,500 Zestimate^®

$465/sqft

$4,515 Estimated rent

Home value

$442,500

$389,000 - $496,000

$4,515/mo

Zestimate^® history

Owner options

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$4,515/mo

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$4,515/mo

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$2,801/mo

Est. payment

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$2,801/mo

Est. payment

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What's special

Oceanfront parkGorgeous ocean viewsSports courtsBeautiful sandy beachTiki hutLounging areaKey colony beach

Looking for that 2nd home in the Keys that will also generate income? Weekly rentals allowed here at Sea Isle on Key Colony Beach! Unit 12 is located in the coveted oceanfront building and has gorgeous ocean views from the balcony! 2 bedrooms, 2 baths and sold furnished. Currently a successful vacation rental with bookings in place, ask for details. Beautiful sandy beach, tiki hut, lounging area and pool. Assigned parking space for 1 car and additional guest parking. On site manager. Key Colony Beach is a resort community in the Middle Florida Keys offering several restaurants, shops, 9 hole golf course, sports courts and an oceanfront park, all within walking or biking distance. Seller financing considered with 30% down, 8% interest, 5 year term.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Cooling

Central Air, Ceiling Fans(s)

Appliances

Included: Dishwasher, Microwave, Oven, Range, Refrigerator

Features

Quartz Countertops
Flooring: Tile
Doors: Impact Rstnce Doors
Windows: Drapes/Blinds Incl, Other Windows/Doors, Impact Rstnce Window, Accordion
Furnished: Yes

Interior area

Total interior livable area: 990 sqft

Property

Parking

Parking features: Assigned, Guest, Open
Has uncovered spaces: Yes

Features

Levels: 3 Stories
Stories: 3
Patio & porch: Open Porch/Balcony
Exterior features: Sandy Beach
Has private pool: Yes
Pool features: In Ground, Decked, Concrete
Has view: Yes
View description: Ocean, Water
Has water view: Yes
Water view: Ocean,Water
Waterfront features: Oceanfront, Open Water, Waterfront, Sandy Beach, Dockage: None

Lot

Features: 1 Less Than 2 Acres

Details

Additional structures: Chickee Hut
Parcel number: 00078901000112
Zoning: R-3
Zoning description: Multi Unit Res

Construction

Type & style

Home type: Condo
Property subtype: Condominium, Residential - Condo/Townhouse

Materials

CBS, Concrete

Condition

Year built: 1973

Utilities & green energy

Electric: Elect Separate Meter
Sewer: Municipal Sewer, Public Sewer
Utilities for property: FKAA, Cable Available

Community & neighborhood

Security

Security features: Patrolled Area

Community

Community features: Pool, Bike Paths, Other, Beach, Manager on Premises, Tennis Court(s)

Location

Region: Key Colony Beach
Subdivision: Sea Isle Condominium (AKA Cont. Cond) (53.5)

HOA & financial

HOA

Has HOA: Yes
Services included: Cable TV, Maintenance Grounds, Maintenance Structure, Water, Pest Control, Sewer
Second HOA fee: $2,200 quarterly

Other

Other facts

Listing terms: Seller Finance Psble,Cash,Conventional

Price history

Date	Event	Price
9/18/2023	Sold	$460,000-1.9%$465/sqft
Source: FLKMLS #605207 Report a problem
8/17/2023	Contingent	$469,000$474/sqft
Source: MLKAR #605207 Report a problem
8/2/2023	Price change	$469,000-6%$474/sqft
Source: FLKMLS #605207 Report a problem
6/28/2023	Price change	$499,000-5.7%$504/sqft
Source: MLKAR #605207 Report a problem
5/31/2023	Price change	$529,000-3.6%$534/sqft
Source: MLKAR #605207 Report a problem
5/7/2023	Listed for sale	$549,000+3.6%$555/sqft
Source: MLKAR #605207 Report a problem
4/27/2022	Sold	$530,000+2.1%$535/sqft
Source: FLKMLS #599917 Report a problem
3/11/2022	Pending sale	$519,000$524/sqft
Source: FLKMLS #599917 Report a problem
3/9/2022	Contingent	$519,000$524/sqft
Source: Key West AOR #599917 Report a problem
3/2/2022	Listed for sale	$519,000$524/sqft
Source: Key West AOR #599917 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,001 -9.5%	$363,359 -9.1%
2024	$4,419 -12%	$399,728 -14.6%
2023	$5,024 +20.9%	$467,873 +27.7%
2022	$4,155 +9.2%	$366,276 +10%
2021	$3,806 +8.7%	$332,978 +7.9%
2020	$3,502	$308,690 -6.7%
2019	$3,502 +4.7%	$330,829
2018	$3,345 +8.6%	$330,829 +42.6%
2017	$3,081 +20.8%	$231,923
2016	$2,551 -3.5%	$231,923
2015	$2,644	$231,923