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Sold for $750,000
  • $750,000

    501 E Ocean Dr APT 5, Key Colony Beach, FL 33051

    2beds
    1,001sqft
    Condominium, Residential - Condo/Townhouse
    Built in 2023
    -- sqft lot
    $747,900 Zestimate®
    $749/sqft
    $4,914 Estimated rent

    Home value

    $747,900

    $681,000 - $815,000

    $4,914/mo

    Zestimate® history
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    What's special

    Courtyard landscapingWhite shaker-style cabinetsCovered carport parkingGuest bedroomGuest bathroomGlass enclosure
    Motivated Sellers! Be inspired with ultra luxury island living at newly constructed Key Colony Beach Club, both buildings completed in 2023. This East-facing, two-bedroom, two-bathroom 2nd floor condo in Building 1 is the third unit in from the Ocean! Features just over 1,000 square feet of living with oceanfront views from the open air balcony that expands the entire width of the residence. Weekly 7-day rentals permitted. Immediately upon stepping foot through the front door, you are greeted with 9 foot ceilings, and exquisite views of the Atlantic Ocean from the impact resistant sliding doors. A light and bright aesthetic allows further customization of any coastal decor you please (virtually staged photos give inspiration). Gourmet kitchen features a center island, white shaker-style cabinets topped with white quartz countertops, stainless steel appliances, and an open concept that flows effortlessly into the expansive living area. Dining nook and bar seating allows seating for all. Luxury vinyl plank flooring throughout. Greet each day with stunning ocean views and sunrises from the East in the primary bedroom that also features floor to ceiling impact sliders and access to the open air balcony. Primary bathroom houses a step-in tiled shower with glass enclosure and quartz topped vanity. Guest bedroom is located just off of the kitchen with washer dryer in the walk in closet and a bathtub/shower combo in the guest bathroom. Key Colony Beach Club's amenities are almost complete: in-ground concrete pool, white sandy beach, and courtyard landscaping. Elevator allows easy access to the second floor from the covered carport parking for two vehicles. Live and play in Key Colony Beach with all that this municipality has to offer: 9-hole golf course, tennis & pickle ball courts, 2 playgrounds, new dog park, Oceanfront ''Sunset Park'', boat trailer parking, City Hall, Post Office, Police Department, plus restaurants, Cabana Club, shopping, and marina!

    Zillow last checked:

    Listing updated:

    Listed by:

    Ally Kelley 727-459-0493,

    Ocean Sotheby's International,

    Bill M Paulson 305-360-5600,

    Ocean Sotheby's International

    Bought with:

    Monica Jane Barrett, SL3345718

    Coldwell Banker Schmitt Real Estate Co.

    Source: FLKMLS,MLS#: 606074MLS LogoOriginating MLS: Marathon/Lower Keys

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Cooling
    • Ceiling Fans(s)
    Appliances
    • Included: Washer, Stainless Steel Appliance(s), Disposal, Microwave, Oven, Refrigerator, Dishwasher, Dryer
    Features
    • Storage, Quartz Countertops, Walk-In Closet(s)
    • 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: Assigned, Covered, Off Street
    Features
    • Patio & porch: Open Porch/Balcony
    • 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: 1 Less Than 2 Acres
    Details
    • Parcel number: 00073990000500
    • Zoning: R-3
    • Zoning description: Multi Unit Res

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium, Residential - Condo/Townhouse
    Materials
    • Concrete, ICFs (Insulated Concrete Forms), Combo Construction
    • Roof: Metal,Concrete
    Condition
    • New Construction
    • New construction: Yes
    • Year built: 2023

    Utilities & green energy

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

    Community & neighborhood

    Security
    • Security features: Patrolled Area
    Community
    • Community features: Tennis Court(s), Bike Paths, Beach, Manager on Premises
    Location
    • Region: Key Colony Beach
    • Subdivision: Key Colony Bch Club (53.5)

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $4,000 quarterly
    • Services included: Sewer, Maintenance Grounds, Building Insurance, Maintenance Structure, Water, Pest Control

    Price history

    DateEventPrice
    5/7/2024Sold$750,000-9.5%$749/sqft
    Source: FLKMLS #606074 Report a problem
    4/26/2024Pending sale$829,000$828/sqft
    Source: FLKMLS #606074 Report a problem
    4/15/2024Contingent$829,000$828/sqft
    Source: MLKAR #606074 Report a problem
    2/16/2024Price change$829,000-4.6%$828/sqft
    Source: MLKAR #606074 Report a problem
    12/30/2023Price change$869,000-1.1%$868/sqft
    Source: MLKAR #606074 Report a problem
    9/25/2023Price change$879,000-1.1%$878/sqft
    Source: MLKAR #606074 Report a problem
    8/12/2023Price change$889,000-1.1%$888/sqft
    Source: MLKAR #606074 Report a problem
    7/22/2023Listed for sale$899,000$898/sqft
    Source: MLKAR #606074 Report a problem
    12/30/2022Listing removed--
    Source: MLKAR Report a problem
    12/14/2022Price change$899,000+50%$898/sqft
    Source: Key West AOR #603187 Report a problem
    11/22/2022Listed for sale$599,500+201.3%$599/sqft
    Source: Key West AOR #603187 Report a problem
    7/19/2011Listing removed$199,000$199/sqft
    Source: AgentWebsite Inc. #551825 Report a problem
    2/4/2011Pending sale$199,000$199/sqft
    Source: American Caribbean Real Estate #551825 Report a problem
    1/19/2011Price change$199,000-16.7%$199/sqft
    Source: American Caribbean Real Estate #551825 Report a problem
    12/11/2010Price change$239,000-7.7%$239/sqft
    Source: American Caribbean Real Estate #551825 Report a problem
    10/23/2010Price change$259,000-10.4%$259/sqft
    Source: American Caribbean Real Estate #551825 Report a problem
    9/11/2010Pending sale$289,000$289/sqft
    Source: American Caribbean Real Estate #551825 Report a problem
    6/24/2010Listed for sale$289,000$289/sqft
    Source: American Caribbean Real Estate #551825 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,125 +44.2%$702,811 +89.7%
    2024$4,940 +252.3%$370,389 +305.1%
    2023$1,402 +49.5%$91,442
    2022$938 -4.2%$91,442
    2021$979 +3.4%$91,442
    2020$947 $91,442
    2019$947 -0.1%$91,442
    2018$948 -27.5%$91,442 -60.3%
    2017$1,308 -43.3%$230,043
    2016$2,306 +1%$230,043 +46.4%
    2015$2,285 $157,081

    Find assessor info on the county website

    Neighborhood: 33051

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $747,900
    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
    $747,900