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Sold for $687,500
  • $687,500

    501 E Ocean Dr APT 26, Key Colony Beach, FL 33051

    2beds
    972sqft
    Condominium
    Built in 2023
    -- sqft lot
    $704,500 Zestimate®
    $707/sqft
    $4,873 Estimated rent

    Home value

    $704,500

    $613,000 - $810,000

    $4,873/mo

    Zestimate® history
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    What's special

    Welcome to your coastal retreat where modern luxury meets breathtaking ocean views. This beautifully appointed condominium offers the perfect blend of style, comfort, and convenience, nestled right on the shoreline. Located on the top floor, this residence features sweeping ocean vistas that can be enjoyed from both the living room and the main bedroom, thanks to oversized telescoping sliding glass doors that are impact-rated for peace of mind during storm season. Step inside to discover a thoughtfully designed interior with two spacious en suite bedrooms, providing privacy and comfort for residents and guests alike. The main bedroom features a spa-like bathroom with a walk-in shower accented by elegant river rock tile, while the second suite includes a soaking tub — perfect for relaxing after a long day at the beach. The heart of the home is a contemporary kitchen, complete with a large island ideal for entertaining, sleek stainless steel appliances, and a stylish glass tile backsplash that adds a touch of coastal flair. Ceiling fans and central AC ensure year-round comfort, while the on-demand water heater provides instant hot water whenever you need it. Durable impact windows and doors throughout offer security and energy efficiency, and the unit's proximity to the elevator adds an extra layer of everyday convenience. Whether you're enjoying a morning coffee with a sea breeze on the balcony or unwinding inside your serene living space, this home is designed to maximize your enjoyment of coastal living. HOA fees include cable, water and building insurance adding to the worry-free lifestyle this property offers. With high-end finishes, unbeatable views, and a prime location, this residence is the perfect place to enjoy the very best of oceanfront living. Call for a private tour today.

    Zillow last checked:

    Listing updated:

    Listed by:

    Stephanie Lynn Wise 305-563-0073,

    Keller Williams Key West Compass Realty,

    Sandra Lee Swan 305-563-0053,

    Keller Williams Key West Compass Realty

    Bought with:

    Amy Puto, 3012615

    Coldwell Banker Schmitt Real Estate Co.

    Source: FLKMLS,MLS#: 614862MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Disposal, Freezer, Stainless Steel Appliance(s)
    Features
    • Elevator, Storage, Walk-in Closet(s), Quartz Countertops
    • Flooring: Vinyl
    Interior area
    • Total structure area: 972
    • Total interior livable area: 972 sqft

    Property

    Features
    • Patio & porch: Open Porch/Balcony
    • Exterior features: Sandy Beach, Storage
    • Has private pool: Yes
    • Pool features: In Ground, Concrete
    • On waterfront: Yes
    Details
    • Parcel number: 00073990002600
    • Zoning: R-3 - Multi Unit Res
    • Other equipment: Irrigation Equipment

    Construction

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

    Community & HOA

    Community
    • Features: Beach
    • 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: $1,496 monthly
    Location
    • Region: Key Colony Beach

    Financial & listing details

    • Price per square foot: $707/sqft
    • Tax assessed value: $694,203
    • Annual tax amount: $4,918
    • Date on market: 7/16/2025
    • Listing terms: No Seller Finance,Cash,Conventional

    Price history

    DateEventPrice
    2/13/2026Sold$687,500-5.8%$707/sqft
    Source: FLKMLS #614862 Report a problem
    2/4/2026Pending sale$730,000$751/sqft
    Source: FLKMLS #614862 Report a problem
    1/17/2026Contingent$730,000$751/sqft
    Source: Key West AOR #614862 Report a problem
    10/11/2025Price change$730,000-1.4%$751/sqft
    Source: FLKMLS #614862 Report a problem
    9/29/2025Price change$740,000-1.3%$761/sqft
    Source: FLKMLS #614862 Report a problem
    8/2/2025Price change$750,000-0.7%$772/sqft
    Source: Key West AOR #614862 Report a problem
    7/16/2025Listed for sale$755,000$777/sqft
    Source: Key West AOR #614862 Report a problem
    6/21/2025Contingent$755,000$777/sqft
    Source: FLKMLS #614862 Report a problem
    6/14/2025Price change$755,000-1.3%$777/sqft
    Source: FLKMLS #614862 Report a problem
    5/2/2025Listed for sale$765,000$787/sqft
    Source: Key West AOR #614862 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,252 +6.8%$407,428 +10%
    2024$4,919 +253.7%$370,389 +310.4%
    2023$1,390 +50.1%$90,242
    2022$926 -4.2%$90,242
    2021$967 +3.3%$90,242
    2020$936 $90,242
    2019$936 -0.1%$90,242 -56.3%
    2018$937 -60.6%$206,592 -9%
    2017$2,377 +3.5%$227,024
    2016$2,296 +1%$227,024 +44.5%
    2015$2,274 $157,081
    Find assessor info on the county website

    Neighborhood: 33051

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $704,500
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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
    $704,500