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
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