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For sale
  • $699,000

    1133 W Ocean Dr #7, Key Colony Beach, FL 33051

    3beds
    1,929sqft
    : 
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    Townhouse, Residential - Condo/Townhouse
    Built in 1982
    -- sqft lot
    $684,700 Zestimate®
    $362/sqft
    $3,825/mo HOA

    What's special

    Prime oceanfront locationGenerous bedroom suitesFishing pierChickee hutFloor-to-ceiling coastal viewsLush tropical landscapingGrilling station
    Discover refined coastal elegance at 1133 W Ocean Drive, Unit #7, an exceptional 3-bedroom, 3-bath oceanfront townhome offering 1,929 square feet of coastal living in the highly sought-after Key Colony Point community. This property blends luxury lifestyle with strong income potential allowing 7-day rentals, making it ideal as both a vacation getaway and a savvy investor.Floor-to-ceiling coastal views unfold from the main floor expansive private open-air balcony overlooking the Atlantic Ocean, oceanfront pool, and lush tropical landscaping.While most people walk to Sunset Park to enjoy sunsets, this residence offers rare, front-row sunset views directly from your own waterfront balcony--an amenity few properties in Key Colony Beach can claim.Designed for effortless island living, the spacious layout offers generous bedroom suites, inviting living spaces, and seamless indoor-outdoor flow ideal for perfect for maximizing guest satisfaction and repeat bookings. Owners and guests enjoy resort-style amenities including a large oceanfront pool, fishing pier, private beach lounging areas, grilling station, chickee hut, shuffleboard, tennis/pickleball courts, and covered garage parking.The HOA includes building insurance, exterior maintenance, amenities, and on-site management--allowing owners to operate a low-maintenance, high-demand rental with fewer headaches. Whether used as a dedicated income-producing asset or a hybrid personal-use investment, this townhome stands out as a rare combination of flexible rental terms and income scalability.This townhome presents a rare entry point into an exclusive oceanfront community, offering exceptional value in a premier coastal setting prime oceanfront location. Whether as a private coastal retreat, a high-performing vacation rental, or a blend of both, this oceanfront opportunity delivers location, views, and versatility all in one exceptional property. Call today!
    158 days
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    573
    |
    25
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jennifer Hamill 305-393-1993,

    Coldwell Banker Schmitt Real Estate Co.

    Source: FLKMLS,MLS#: 618469MLS LogoOriginating MLS: Marathon/Lower Keys

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Cooling
      • Central Air, Ceiling Fans(s)
      Appliances
      • Included: Washer, Microwave, Range, Refrigerator, Dishwasher, Dryer
      • Laundry: Laundry Room
      Features
      • Walk-In Closet(s)
      • Flooring: Tile
      • Doors: Sliding Glass Doors
      • Windows: Drapes/Blinds Incl, Window Treatments
      • Furnished: Yes
      Interior area
      • Total interior livable area: 1,929 sqft

      Property

      Parking
      • Parking features: Covered
      Features
      • Patio & porch: Open Porch/Balcony, Screened Patio, Patio
      • Exterior features: Tennis Court(s), Sandy Beach, Outdoor Shower
      • Has private pool: Yes
      • Pool features: Heated, In Ground, Concrete
      • Has spa: Yes
      • Spa features: Private
      • 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: Less Than 1/4 Acre
      Details
      • Additional structures: Chickee Hut
      • Parcel number: 00078600000800
      • Zoning: R-3
      • Zoning description: Multi Unit Res

      Construction

      Type & style
      • Home type: Townhouse
      • Architectural style: Townhouse
      • Property subtype: Townhouse, Residential - Condo/Townhouse
      Materials
      • CBS, Concrete
      • Roof: Metal
      Condition
      • Year built: 1982

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: FKAA, Cable Available, Buyer to Verify, Sewer Available, Cable Connected

      Community & HOA

      Community
      • Features: Community Boat Ramp, Bike Paths, Beach, Manager on Premises, Tennis Court(s)
      • Security: Patrolled Area
      • Subdivision: Key Colony Point (53.5)
      HOA
      • Has HOA: Yes
      • Services included: Cable TV, Maintenance Grounds, Building Insurance, Maintenance Structure, Water, Pest Control, Sewer
      • HOA fee: $3,825 monthly
      Location
      • Region: Key Colony Beach

      Financial & listing details

      • Price per square foot: $362/sqft
      • Tax assessed value: $779,217
      • Annual tax amount: $7,827
      • Date on market: 2/4/2026
      • Listing terms: Cash,Conventional

        Estimated market value

        $684,700

        $650,000 - $719,000

        $5,047/mo

        Price history

        DateEventPrice
        2/4/2026Listed for sale$699,000-6.8%$362/sqft
        Source: FLKMLS #618469 Report a problem
        11/21/2025Listing removed$750,000$389/sqft
        Source: MLKAR #612193 Report a problem
        11/3/2025Price change$750,000-11.8%$389/sqft
        Source: FLKMLS #612193 Report a problem
        7/9/2025Price change$850,000-22.7%$441/sqft
        Source: FLKMLS #612193 Report a problem
        4/18/2025Price change$1,100,000-15.4%$570/sqft
        Source: FLKMLS #612193 Report a problem
        4/16/2025Price change$1,300,000-13.3%$674/sqft
        Source: FLKMLS #612193 Report a problem
        11/9/2024Listed for sale$1,500,000+114.6%$778/sqft
        Source: MLKAR #612193 Report a problem
        3/29/2019Sold$699,000+7.5%$362/sqft
        Source: FLKMLS #583046 Report a problem
        5/6/2015Sold$650,000+52.9%$337/sqft
        Source: FLKMLS #566435 Report a problem
        8/2/2000Sold$425,000$220/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,828 -3.3%$779,217 +2.8%
        2024$8,098 +10.8%$757,666 +10%
        2023$7,306 +12.6%$688,787 +10%
        2022$6,487 +1.6%$626,170 +6%
        2021$6,383 +7%$590,906 +3.7%
        2020$5,967 $569,632 -9%
        2019$5,967 -8.4%$626,284
        2018$6,516 +3.9%$626,284
        2017$6,272 +4.5%$626,284 +13.8%
        2016$6,004 +6.1%$550,340 +3.2%
        2015$5,656 $533,528
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 33051

        Getting around

        6 / 100
        Car-Dependent
        27 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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