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Sold for $842,000
  • $842,000

    501 E Ocean Dr APT 12, Key Colony Beach, FL 33051

    2beds
    1,001sqft
    Condominium, Residential - Condo/Townhouse
    Built in 2023
    -- sqft lot
    $788,600 Zestimate®
    $841/sqft
    $5,191 Estimated rent

    Home value

    $788,600

    $718,000 - $860,000

    $5,191/mo

    Zestimate® history
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    What's special

    New ocean front condoNew modern white kitchenGuest suiteImpact resistant windowsOpen concept livingPost officeWhite tile backsplash
    Imagine waking up to the sound of gentle waves hitting the sand as you gaze upon a beautiful sunrise with the ocean sparkling in the distance... This dream can finally be your reality at this BRAND NEW .... One-of-a-kind, 2 bed/2 bath EAST Facing, SECOND story unit at Key Colony Beach Club. The construction of the buildings is complete, landscaping is done and the exterior amenities are nearing completion. Unit 12 is ready to be your NEW Keys home! You will love seeing the mesmerizing OCEAN views from every angle of the condo and will truly appreciate the OPEN CONCEPT living, dining and kitchen areas complete with IMPACT RESISTANT windows and doors! A large and shaded ocean front balcony await you, with plenty of room for catching some sun and salty breezes along with 9 ft tall ceilings to allow for plenty of natural light to illuminate the interior rooms. Notable features of this unit include: Second story and close proximity to the elevator, AFTERNOON SHADE, new modern white kitchen with stainless steel appliances, white TILE BACKSPLASH and QUARTZ counter tops, new light wood luxury vinyl plank flooring throughout, 2 coastal modern ensuite tiled bathrooms with vanities and mirrors, washer and dryer conveniently located in the guest suite, and central air with new ceiling fans. The unit is conveniently located near the pool and white sandy beach ... and close to the heart of Key Colony Beach, Post Office and restaurants / tiki bars. WEEKLY vacation rentals are allowed. The unit comes with two assigned and covered parking spaces with an owner's private storage unit. CALL TODAY - the location of #12 is highly sought after and will not last long! This is a once in a lifetime opportunity to be the first to make this NEW Ocean Front Condo in renowned and beloved KEY COLONY BEACH yours!

    Zillow last checked:

    Listing updated:

    Listed by:

    Monica Jane Barrett 305-433-0349,

    Coldwell Banker Schmitt Real Estate Co.,

    Rick Bryan Servais 305-731-5010,

    Coldwell Banker Schmitt Real Estate Co.

    Bought with:

    Al Barbosa, 3411465

    Coldwell Banker Schmitt Real Estate Co. (KW)

    Source: FLKMLS,MLS#: 607320MLS LogoOriginating MLS: Marathon/Lower Keys

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Electric
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
    • Laundry: Laundry Room
    Features
    • Elevator, Quartz Countertops
    • Flooring: Vinyl
    • Doors: Impact Rstnce Doors
    • Windows: Impact Rstnce Window
    Interior area
    • Total interior livable area: 1,001 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Carport, Guest, Assigned
    • Has carport: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Open Porch/Balcony, Deck
    • Exterior features: Storage, Sandy Beach
    • Has private pool: Yes
    • Pool features: Heated, In Ground, Concrete
    • Fencing: Fenced
    • 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
    • Parcel number: 00073990001200
    • 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, Combo Construction, Frame
    • Roof: Other
    Condition
    • New Construction
    • New construction: Yes
    • Year built: 2023

    Utilities & green energy

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

    Community & HOA

    Community
    • Features: Pool, Airport/Runway, Bike Paths, Other, Beach, Manager on Premises, Community Boat Ramp
    • 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: $3,000 quarterly
    Location
    • Region: Key Colony Beach

    Financial & listing details

    • Price per square foot: $841/sqft
    • Tax assessed value: $694,203
    • Annual tax amount: $892
    • Date on market: 11/7/2023
    • Listing terms: No Seller Finance,Cash,Conventional

    Price history

    DateEventPrice
    12/4/2023Sold$842,000-2%$841/sqft
    Source: FLKMLS #607320 Report a problem
    11/26/2023Pending sale$859,000$858/sqft
    Source: FLKMLS #607320 Report a problem
    11/14/2023Contingent$859,000$858/sqft
    Source: MLKAR #607320 Report a problem
    11/7/2023Listed for sale$859,000$858/sqft
    Source: FLKMLS #607320 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,045 +4.9%$694,203 +8.1%
    2024$6,716 +395.3%$642,088 +640.8%
    2023$1,356 +52%$86,670
    2022$892 -4.2%$86,670
    2021$931 +3.3%$86,670
    2020$901 $86,670
    2019$901 -0.1%$86,670
    2018$902 -28.6%$86,670 -60.2%
    2017$1,263 -44.2%$218,037
    2016$2,266 +1%$218,037 +38.8%
    2015$2,243 $157,081
    Find assessor info on the county website

    Neighborhood: 33051

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $788,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $788,600