New construction

$749,000

501 E Ocean Dr #28, Key Colony Beach, FL 33051

2beds

972sqft

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Condominium, Residential - Condo/Townhouse

Built in 2023

-- sqft lot

$726,100 Zestimate^®

$771/sqft

$1,417/mo HOA

What's special

Private sandy beachNew fishing pierAbundant natural lightTiki hutsNearly new oceanfront residenceOffered fully furnishedImpact-rated glass

Rarely does a nearly new oceanfront residence with weekly rental eligibility become available in the heart of the Middle Keys. Welcome to Key Colony Beach Club, one of the area's premier waterfront communities. Built in 2023, this beautifully appointed 2-bedroom, 2-bath residence offers impact-rated glass, 9-foot ceilings, abundant natural light, and an expansive private balcony with breathtaking Atlantic Ocean views from both the living area and primary suite. Offered fully furnished and vacation rental in place, it's ready for immediate enjoyment or investment. Residents enjoy a heated oceanfront pool, private sandy beach, tiki huts, elevator access, a new fishing pier, private storage, and covered parking for two vehicles. The quarterly HOA includes building insurance, water, cable, and high-speed internet. Ideally located within walking distance to golf, pickleball, marinas, waterfront dining, and all that Key Colony Beach has to offer.

10 days

245

14

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Heating

Central, Electric

Cooling

Central Air, Ceiling Fans(s)

Appliances

Included: Washer, Stainless Steel Appliance(s), Ice Machine, Microwave, Range, Refrigerator, Dishwasher, Dryer, Tankless Water Heater

Features

Quartz Countertops
Flooring: Tile
Doors: Sliding Glass Doors, Impact Rstnce Doors
Windows: Impact Rstnce Window
Furnished: Yes

Interior area

Total interior livable area: 972 sqft

Property

Parking

Parking features: Carport, Covered, Off Street, Guest
Has carport: Yes

Accessibility

Accessibility features: Parking

Features

Patio & porch: Open Porch/Balcony
Exterior features: Lighting, Storage, Sprinkler System, Sandy Beach
Has view: Yes
View description: Ocean
Has water view: Yes
Water view: Ocean
Waterfront features: Oceanfront, Waterfront, Sandy Beach, Dockage: None

Lot

Features: Less Than 1/4 Acre

Details

Parcel number: 00073990002800
Zoning: R-3
Zoning description: Multi Unit Res
Special conditions: Standard

Construction

Type & style

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

Materials

CBS
Roof: Concrete

Condition

New Construction
New construction: Yes
Year built: 2023

Utilities & green energy

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

Community & HOA

Community

Features: Tennis Court(s), Bike Paths, Airport/Runway, Beach, Manager on Premises
Security: Patrolled Area
Subdivision: Key Colony Bch Club (53.5)

HOA

Has HOA: Yes
Services included: Cable TV, Maintenance Grounds, Building Insurance, Maintenance Structure, Water, Sewer
HOA fee: $4,250 quarterly

Location

Region: Key Colony Beach

Financial & listing details

Price per square foot: $771/sqft
Tax assessed value: $694,203
Annual tax amount: $6,500
Date on market: 7/8/2026
Listing terms: Cash,FHA,VA Loan,Conventional

Estimated market value

$726,100

$690,000 - $762,000

$5,112/mo

Price history

Date	Event	Price
7/8/2026	Listed for sale	$749,000-5.2%$771/sqft
Source: MIAMI #A12049453 Report a problem
9/28/2023	Sold	$790,000-6.9%$813/sqft
Source: FLKMLS #605885 Report a problem
8/11/2023	Pending sale	$849,000$873/sqft
Source: FLKMLS #605885 Report a problem
7/31/2023	Price change	$849,000-5.6%$873/sqft
Source: FLKMLS #605885 Report a problem
7/6/2023	Listed for sale	$899,000$925/sqft
Source: FLKMLS #605885 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,045 +4.9%	$694,203 +8.1%
2024	$6,716 +349.5%	$642,088 +535.6%
2023	$1,494 +45.2%	$101,025
2022	$1,029 -4.2%	$101,025
2021	$1,075 +3.4%	$101,025
2020	$1,040	$101,025
2019	$1,040 -0.1%	$101,025
2018	$1,041 -25.5%	$101,025 -60.3%
2017	$1,397 -49.3%	$254,162
2016	$2,753 -3.6%	$254,162 +61.8%
2015	$2,855	$157,081

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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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