White sand oceanfront condo with breathtaking blue ocean views constructed in 2023 with weekly rentals permitted. You deserve to live the island dream in this stunning, oceanfront condo, perfectly positioned in the heart of the Middle Keys. This modern coastal retreat boasts 10-foot ceilings, impact-rated windows and doors, and an open floor plan designed to maximize natural light and sweeping ocean views. The oversized balcony will extend your living, dining or just relaxing to gaze at the beautiful ocean views and meticulous grounds. Featuring two spacious ensuite bedrooms, this home offers both comfort and privacy--ideal for full-time living, a vacation getaway, or a weekly rental investment. Enjoy resort-style amenities including pickleball, golf, tennis, marina, playgrounds, and even a police department for peace of mind. Explore the city effortlessly--designed for walking and biking across 15 charming streets with access to Sunset Park, dining, shopping, and a convenient post office. Whether you're fishing, diving, snorkeling, or simply soaking in the views, this location is a paradise for outdoor lovers. Just 5 minutes to Marathon's Executive Airport, 1 hour to Key West International Airport and 2 hours to Miami International Airport, this property offers a rare combination of convenience and tranquility...come home to Key Colony Beach, the heart of the Florida Keys!
Sold for $684,000
$684,000
501 E Ocean Dr APT 17, Key Colony Beach, FL 33051
2beds
1,008sqft
Condominium, Residential - Condo/Townhouse
Built in 2023
-- sqft lot
$693,500 Zestimate®
$679/sqft
$4,935 Estimated rent
Home value
$693,500
$631,000 - $763,000
$4,935/mo
Zestimate® history
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$7,946/mo
Est. payment
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$7,946/mo
Est. payment
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Oceanfront condoOpen floor planSweeping ocean viewsBreathtaking blue ocean viewsModern coastal retreatImpact-rated windows and doorsSpacious ensuite bedrooms
Zillow last checked:
Listing updated:
Listed by:
Ally Kelley 727-459-0493,
Ocean Sotheby's International,
Karen D Raspe, PA 305-393-9010,
Ocean Sotheby's International
Bought with:
The Owen Lucas Team, 653995
Berkshire Hathaway HomeServices Keys Real Estate
Source: FLKMLS,MLS#: 616306
Originating MLS: Marathon/Lower Keys
Originating MLS: Marathon/Lower KeysFacts & 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
Features
- Flooring: Tile
- Doors: Sliding Glass Doors, Impact Rstnce Doors
- Windows: Impact Rstnce Window
Interior area
- Total interior livable area: 1,008 sqft
Property
Parking
- Parking features: Carport, Covered, Off Street, Guest
- Has carport: Yes
Features
- Patio & porch: Open Porch/Balcony
- Exterior features: Sandy Beach
- Has private pool: Yes
- Pool features: Heated, In Ground, Decked
- 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: 00073990001700
- Zoning: R-3
- Zoning description: Multi Unit Res
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Residential - Condo/Townhouse
Materials
- Concrete
- Roof: Metal,Concrete
Condition
- New Construction
- New construction: Yes
- Year built: 2023
Utilities & green energy
- Sewer: Community Swr Plant, Public Sewer
- Utilities for property: FKAA, Cable Available, Buyer to Verify, Cable Connected
Community & neighborhood
Security
- Security features: Patrolled Area
Community
- Community features: Tennis Court(s), Bike Paths, Airport/Runway, Beach, Manager on Premises
Location
- Region: Key Colony Beach
- Subdivision: Key Colony Bch Club (53.5)
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $3,821 quarterly
- Services included: Cable TV, Maintenance Grounds, Building Insurance, Maintenance Structure, Water, Sewer
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2025 | Sold | $684,000-2.1%$679/sqft |
Source:  FLKMLS #616306 Report a problem | ||
| 9/25/2025 | Pending sale | $699,000$693/sqft |
Source: FLKMLS #616306 Report a problem | ||
| 9/16/2025 | Contingent | $699,000$693/sqft |
Source: FLKMLS #616306 Report a problem | ||
| 8/28/2025 | Listed for sale | $699,000$693/sqft |
Source: FLKMLS #616306 Report a problem | ||
| 8/27/2025 | Listing removed | $699,000$693/sqft |
Source: FLKMLS #613811 Report a problem | ||
| 8/8/2025 | Price change | $699,000-2.2%$693/sqft |
Source: FLKMLS #613811 Report a problem | ||
| 7/16/2025 | Price change | $715,000-1.1%$709/sqft |
Source: FLKMLS #613811 Report a problem | ||
| 5/23/2025 | Price change | $723,000-2.2%$717/sqft |
Source:  Key West AOR #613811 Report a problem | ||
| 5/1/2025 | Price change | $739,000-1.3%$733/sqft |
Source: Key West AOR #613811 Report a problem | ||
| 4/15/2025 | Price change | $749,000-1.4%$743/sqft |
Source: Key West AOR #613811 Report a problem | ||
| 3/24/2025 | Price change | $759,800-2%$754/sqft |
Source: Key West AOR #613811 Report a problem | ||
| 2/21/2025 | Listed for sale | $775,000$769/sqft |
Source: Key West AOR #613811 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,437 +5% | $628,083 +8.2% |
| 2024 | $6,132 +345.7% | $580,417 +554.2% |
| 2023 | $1,376 +50.9% | $88,726 |
| 2022 | $912 -4.2% | $88,726 |
| 2021 | $952 +3.3% | $88,726 |
| 2020 | $921 | $88,726 |
| 2019 | $921 -0.1% | $88,726 |
| 2018 | $922 -28.1% | $88,726 -60.2% |
| 2017 | $1,283 -48.1% | $223,209 |
| 2016 | $2,472 -3.5% | $223,209 +42.1% |
| 2015 | $2,562 | $157,081 |
Find assessor info on the county website
Neighborhood: 33051
Nearby schools
GreatSchools rating
- 5/10Stanley Switlik Elementary SchoolGrades: PK-5Distance: 4.9 mi
- 5/10Marathon SchoolGrades: 6-12Distance: 4 mi
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Estimated market value
$693,500
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Estimated market value
$693,500
- Florida
- Monroe County
- Key Colony Beach
- 33051
- 501 E Ocean Dr Apartment 17
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