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Sold for $684,000
  • $684,000

    501 E Ocean Dr APT 17, Key Colony Beach, FL 33051

    2beds
    1,008sqft
    Condominium
    Built in 2023
    -- sqft lot
    $678,700 Zestimate®
    $679/sqft
    $5,005 Estimated rent

    Home value

    $678,700

    $618,000 - $740,000

    $5,005/mo

    Zestimate® history
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    What's special

    Oceanfront condoOpen floor planSweeping ocean viewsBreathtaking blue ocean viewsModern coastal retreatImpact-rated windows and doorsSpacious ensuite bedrooms
    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Ally Kelley 727-459-0493,

    Ocean Sotheby's International,

    Karen D Raspe 305-393-9010,

    Ocean Sotheby's International

    Bought with:

    The Owen Lucas Team, 653995

    Berkshire Hathaway HomeServices Keys Real Estate

    Source: FLKMLS,MLS#: 616306MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Stainless Steel Appliance(s)
    Features
    • Flooring: Tile
    Interior area
    • Total structure area: 1,008
    • Total interior livable area: 1,008 sqft

    Property

    Features
    • Patio & porch: Open Porch/Balcony
    • Exterior features: Sandy Beach
    • Has private pool: Yes
    • Pool features: In Ground, Decked
    • On waterfront: Yes
    Details
    • Parcel number: 00073990001700
    • Zoning: R-3 - Multi Unit Res

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Materials
    • Concrete
    Condition
    • New Construction
    • New construction: Yes
    • Year built: 2023

    Utilities & green energy

    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Features: Manager on Premises, Beach, Bike Paths
    • Security: Security Guard
    • Subdivision: Key Colony Bch Club (53.5)
    HOA
    • Has HOA: Yes
    • Services included: Cable TV, Sewer, Water, Maintenance Structure, Insurance, Common Area Mnt
    • HOA fee: $3,821 quarterly
    Location
    • Region: Key Colony Beach

    Financial & listing details

    • Price per square foot: $679/sqft
    • Tax assessed value: $628,083
    • Annual tax amount: $6,131
    • Date on market: 8/28/2025

    Price history

    DateEventPrice
    9/30/2025Sold$684,000-2.1%$679/sqft
    Source: FLKMLS #616306 Report a problem
    9/25/2025Pending sale$699,000$693/sqft
    Source: FLKMLS #616306 Report a problem
    9/16/2025Contingent$699,000$693/sqft
    Source: FLKMLS #616306 Report a problem
    8/28/2025Listed for sale$699,000$693/sqft
    Source: FLKMLS #616306 Report a problem
    8/27/2025Listing removed$699,000$693/sqft
    Source: FLKMLS #613811 Report a problem
    8/8/2025Price change$699,000-2.2%$693/sqft
    Source: FLKMLS #613811 Report a problem
    7/16/2025Price change$715,000-1.1%$709/sqft
    Source: FLKMLS #613811 Report a problem
    5/23/2025Price change$723,000-2.2%$717/sqft
    Source: Key West AOR #613811 Report a problem
    5/1/2025Price change$739,000-1.3%$733/sqft
    Source: Key West AOR #613811 Report a problem
    4/15/2025Price change$749,000-1.4%$743/sqft
    Source: Key West AOR #613811 Report a problem
    3/24/2025Price change$759,800-2%$754/sqft
    Source: Key West AOR #613811 Report a problem
    2/21/2025Listed for sale$775,000$769/sqft
    Source: Key West AOR #613811 Report a problem

    Public tax history

    YearProperty taxesTax 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
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    Estimated market value
    $678,700
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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
    $678,700