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1101 W Ocean Drive 1, Key Colony, FL 33051
$498,500
Property Type:
Residential
Bedrooms:
2
Baths:
2
Square Footage:
990
Status:
Closed
Current Price:
$498,500
List Date:
8/01/2025
Last Modified:
10/06/2025
Description
Enjoy the convenience of having a private beach access steps away from your door! Come see for yourself why this property has been treasured by the family for over 45 years. Indulge in the beauty of the Florida Keys with this rare opportunity to own a pristine beachfront condo. This freshly painted ground level two-bedroom, two-bathroom haven offers breathtaking views of the Atlantic Ocean from every window. Sip your morning coffee enjoying the morning breeze on the balcony as the waves lap the shores and the sun rises above the horizon. With a private beach access at your feet, you can easily spend your days lounging on the white sandy beach, swimming in the crystal clear water, and soaking up the warm Keys sunshine. The condo itself is a turn-key vacation rental, fully furnished and bookings already in place. With similar oceanfront condos grossing over $75,000 in the past year with quite a few weeks of owner usage, this property has the potential to generate significant rental income. The spacious master bedroom boasts unparalleled views of the ocean, creating a peaceful and serene setting for relaxation. The property also includes a large heated pool, a tiki hut for shade, and a BBQ area for grilling up your catch of the day. You'll have everything you need for the ultimate beach vacation. This is your chance to own a piece of paradise in the coveted Key Colony Beach. Come see for yourself what makes this property special!
More Information MLS# 615977
Contract Information
Current Price: $498,500
Listing Date: 2025-08-01
Listing Board: Marathon/Lower Keys
Sold Price: $498,500
As is Rght to Inspct: Yes
Species List: No
Location Tax Legal
Street #: 1101
Direction: W
Street Name: Ocean
Street Suffix: Drive
Key/Island: Key Colony
State/Province: FL
Zip Code: 33051
County: Monroe
Subdivision: Sea Isle Condominium (AKA Cont. Cond) (53.5)
Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
General Property Description
Realtor.COM Type: Residential - Condo/Townhouse
Style: Condo
Waterfront: Yes
Control Depth: 1
Unit/Complex: Unit
Pool: Yes
Year Built: 1973
Lot Sqft Source: Property Data Card
Living Apx SqFt: 990
SqFt Source: Property Data Card
Total Bedrooms: 2
Full Baths: 2
Total Baths: 2
Floor Number: 1
Rentals Allowed: Yes
Min Rental Days: 7
Status Change Info
Sold Date: 2025-10-06
Sold Price: $498,500
Status: Closed
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: Yes
Association Fee $: 2725
Assoc/Mnt Fee Per: Quarterly
Building Style
Above Flood: Unknown
Stories: 3 Stories
Pool Info
Heated: Yes
Property Features
Fee Includes: Bldg Exterior Mnt; Cable; Common Area Mnt; Exterminating; Sewer; Water
Tax Exemptions: None
Waterfront: Oceanfront
Waterview: Ocean View; Open Water View
Dockage: None
Vehicle Storage: Assigned Parking; Guest Parking; Open Parking
Furnished: Furnished
Cooling: Ceiling Fans(s); Central Air
Utilities: Buyer to Verify; Cable Available; Elect Separate Meter; FKAA; Municipal Sewer
Interior Features: Smoke Alarms
Appliances: Dishwasher; Microwave; Oven; Range; Refrigerator
Pool Info: In Ground; Concrete; Decked
Construction: CBS
Pets: No Pets Allowed
Neighborhood Feature: Beach; Manager on Premises
Land Size: 1 Less Than 2 Acres
Terms: Cash; Conventional
Title: Negotiable
Listing Office: Ocean Sotheby's International Realty
Last Updated: October - 06 - 2025
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.
