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Sold for $890,000
  • $890,000

    501 E Ocean Dr APT 32, Key Colony Beach, FL 33051

    2beds
    1,001sqft
    Condominium, Residential - Condo/Townhouse
    Built in 2023
    -- sqft lot
    $863,600 Zestimate®
    $889/sqft
    $4,914 Estimated rent

    Home value

    $863,600

    $786,000 - $941,000

    $4,914/mo

    Zestimate® history
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    What's special

    Guest suiteCourtyard landscapingOcean viewsPlenty of roomOcean front penthousesSunset parkImpact resistant windows
    Dreams do come true and this is the unit you have been waiting for! You will fall in love... with the unobstructed OPEN WATER views and the sounds of the waves at this one-of-a-kind, 2 bed/2 bath, brand NEW OCEAN FRONT PENTHOUSE. The construction is nearing completion and is ready to call your new island retreat! You will notice ocean views from every angle & will truly appreciate the OPEN CONCEPT living, dining & kitchen complete with impact resistant windows & doors! An expansive direct ocean front balcony awaits you, with plenty of room for soaking in the sun & sea breezes along with 9 ft tall ceilings to allow for plenty of light to pour in. Notable features of this unit include; one of only two, ocean front penthouses at the complex, new modern kitchen with stainless steel appliances and quartz counter tops, new luxury vinyl plank flooring thought-out. 2 coastal modern ensuite tiled walk-in showers with vanities & mirrors. Washer & Dryer conveniently located in the guest suite and central Air with new ceiling fans. The unit is just steps to the white sandy beach ... & gorgeous blue water and close to the heart of Key Colony Beach. Weekly vacation rentals are allowed. Elevator located in the building. The unit comes with two assigned & covered parking spaces with a private owner's storage. Call us today, the location of this unit is highly sought after and will not last long! This is your opportunity to be the first to make this NEW Ocean Front Penthouse yours! *Pool and courtyard landscaping anticipated completion Sept 2023. Condo association will be finalized by end of August. Key Colony Beach Club is located in a very safe and family friendly neighborhood with plenty of outdoor activities and local restaurants to enjoy. Other notable feature include, Par 3 golf course, tennis courts, sunset park, bike & walking paths. Non member agents must call the listing agent for commission % prior to showing.

    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:

    Lisa H Ferringo

    Coldwell Banker Schmitt RE Co.

    Source: FLKMLS,MLS#: 605953MLS LogoOriginating MLS: Marathon/Lower Keys

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    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: Sandy Beach, Storage
    • Has private pool: Yes
    • Pool features: In Ground, Concrete
    • 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: 00073990003200
    • Zoning: R-3
    • Zoning description: Multi Unit Res

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium, Residential - Condo/Townhouse
    Materials
    • CBS, Combo Construction, Frame
    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 & neighborhood

    Security
    • Security features: Patrolled Area
    Community
    • Community features: Pool, Bike Paths, Airport/Runway, Other, Beach, Manager on Premises, Community Boat Ramp
    Location
    • Region: Key Colony Beach
    • Subdivision: Key Colony Bch Club (53.5)

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $3,000 quarterly
    • Services included: Cable TV, Maintenance Grounds, Building Insurance, Maintenance Structure, Water, Sewer

    Other

    Other facts
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    9/18/2023Sold$890,000-7.8%$889/sqft
    Source: FLKMLS #605953 Report a problem
    8/7/2023Pending sale$965,000$964/sqft
    Source: FLKMLS #605953 Report a problem
    7/13/2023Listed for sale$965,000$964/sqft
    Source: MLKAR #605953 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,892 +4.9%$786,209 +8.2%
    2024$7,521 +400.7%$726,911 +613.7%
    2023$1,502 +44.9%$101,851
    2022$1,037 -4.2%$101,851
    2021$1,083 +4.2%$101,851 +1.3%
    2020$1,039 $100,560 -1.3%
    2019$1,039 +5.7%$101,851
    2018$983 -30%$101,851 -60.3%
    2017$1,404 -41.3%$256,230
    2016$2,394 +0.8%$256,230 +63.1%
    2015$2,376 $157,081

    Find assessor info on the county website

    Neighborhood: 33051

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $863,600
    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
    $863,600