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Sold for $498,500
  • $498,500

    1101 W Ocean Dr Unit 1, Key Colony Beach, FL 33051

    2beds
    990sqft
    Condominium, Residential - Condo/Townhouse
    Built in 1973
    -- sqft lot
    $484,900 Zestimate®
    $504/sqft
    $4,873 Estimated rent

    Home value

    $484,900

    $427,000 - $548,000

    $4,873/mo

    Zestimate® history
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    What's special

    Pristine beachfront condoPrivate beach accessLarge heated poolTiki hut for shadeBbq areaCrystal clear waterWhite sandy beach
    Enjoy the convenience of having a private beach access steps away from your door! Come see for yourself why this property has been treasured by the family for over 45 years. Indulge in the beauty of the Florida Keys with this rare opportunity to own a pristine beachfront condo. This freshly painted ground level two-bedroom, two-bathroom haven offers breathtaking views of the Atlantic Ocean from every window. Sip your morning coffee enjoying the morning breeze on the balcony as the waves lap the shores and the sun rises above the horizon. With a private beach access at your feet, you can easily spend your days lounging on the white sandy beach, swimming in the crystal clear water, and soaking up the warm Keys sunshine. The condo itself is a turn-key vacation rental, fully furnished and bookings already in place. With similar oceanfront condos grossing over $75,000 in the past year with quite a few weeks of owner usage, this property has the potential to generate significant rental income. The spacious master bedroom boasts unparalleled views of the ocean, creating a peaceful and serene setting for relaxation. The property also includes a large heated pool, a tiki hut for shade, and a BBQ area for grilling up your catch of the day. You'll have everything you need for the ultimate beach vacation. This is your chance to own a piece of paradise in the coveted Key Colony Beach. Come see for yourself what makes this property special!

    Zillow last checked:

    Listing updated:

    Listed by:

    Frank Griffiths 305-563-1838,

    Ocean Sotheby's International

    Bought with:

    Dustan Carpenter, 3516433

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    Source: FLKMLS,MLS#: 615977MLS LogoOriginating MLS: Marathon/Lower Keys

    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
    • Furnished: Yes
    Interior area
    • Total interior livable area: 990 sqft

    Property

    Parking
    • Parking features: Assigned, Guest, Open
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: No
    Features
    • Levels: 3 Stories
    • Stories: 3
    • Patio & porch: Open Porch/Balcony, Patio
    • Has private pool: Yes
    • Pool features: Heated, In Ground, Decked, Concrete
    • Has view: Yes
    • View description: Ocean, Water
    • Has water view: Yes
    • Water view: Ocean,Water
    • Waterfront features: Oceanfront, Waterfront, Dockage: None
    Lot
    • Features: 1 Less Than 2 Acres
    Details
    • Parcel number: 00078901000101
    • Zoning: R-3
    • Zoning description: Multi Unit Res

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium, Residential - Condo/Townhouse
    Materials
    • CBS
    Condition
    • Year built: 1973

    Utilities & green energy

    • Electric: Elect Separate Meter
    • Sewer: Municipal Sewer, Public Sewer
    • Utilities for property: FKAA, Cable Available, Buyer to Verify

    Community & HOA

    Community
    • Features: Manager on Premises, Beach
    • Security: Smoke Detector(s)
    • Subdivision: Sea Isle Condominium (AKA Cont. Cond) (53.5)
    HOA
    • Has HOA: Yes
    • Services included: Cable TV, Maintenance Grounds, Maintenance Structure, Water, Pest Control, Sewer
    • HOA fee: $2,725 quarterly
    Location
    • Region: Key Colony Beach

    Financial & listing details

    • Price per square foot: $504/sqft
    • Tax assessed value: $408,429
    • Annual tax amount: $4,896
    • Date on market: 8/1/2025
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    10/6/2025Sold$498,500-5%$504/sqft
    Source: FLKMLS #615977 Report a problem
    10/2/2025Pending sale$524,500$530/sqft
    Source: FLKMLS #615977 Report a problem
    9/8/2025Contingent$524,500$530/sqft
    Source: Key West AOR #615977 Report a problem
    8/1/2025Listed for sale$524,500$530/sqft
    Source: FLKMLS #615977 Report a problem
    7/30/2025Listing removed$524,500$530/sqft
    Source: Key West AOR #613034 Report a problem
    1/8/2025Listed for sale$524,500-7.9%$530/sqft
    Source: FLKMLS #613034 Report a problem
    11/15/2024Listing removed$569,500-0.9%$575/sqft
    Source: Key West AOR #610823 Report a problem
    7/20/2024Listed for sale$574,500+538.3%$580/sqft
    Source: FLKMLS #610823 Report a problem
    3/30/2020Sold$90,000-81.1%$91/sqft
    Source: Public Record Report a problem
    6/25/2010Listing removed$475,000$480/sqft
    Source: Coldwell Banker Schmitt Real Estate Co. #551989 Report a problem
    5/20/2010Listed for sale$475,000$480/sqft
    Source: Visual Tour #551989 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,416 -9.8%$408,429 -9.3%
    2024$4,896 -3.8%$450,083 -3.1%
    2023$5,090 +10.6%$464,420 +10%
    2022$4,602 +6.7%$422,200 +10%
    2021$4,314 +9.2%$383,818 +8.8%
    2020$3,951 $352,788 -7.9%
    2019$3,951 +4.7%$382,987
    2018$3,773 +8.7%$382,987 +44.5%
    2017$3,472 +21.8%$265,055
    2016$2,851 -3.6%$265,055
    2015$2,958 $265,055
    Find assessor info on the county website

    Neighborhood: 33051

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $484,900
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $484,900