201 E Ocean Drive 1-311, Key Colony, FL 33051

$485,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 994 Status: Closed
Current Price: $485,000 List Date: 9/11/2025 Last Modified: 2/27/2026

Description

Welcome to your slice of paradise in Key Colony Beach. This beautifully updated 3rd floor condo offers breathtaking, unobstructed views of the Atlantic Ocean from your private balcony, all while being ideally located in a quiet, private corner of the complex for the perfect blend of serenity and scenery. Inside, you'll find tile flooring throughout, an updated kitchen with granite counters, and modern tile bathrooms. A private washer and dryer and convenient elevator access provide everyday comfort. The entire complex has been recently and completely renovated, showcasing a beautiful array of resort style amenities. Enjoy direct access to a private sandy beach, relax by the oceanfront pool, or play a friendly game on the tennis and pickleball courts. A fishing pier adds to the coastal lifestyle, while the landscaped courtyards create a peaceful, community atmosphere. With on site management and bi weekly rentals allowed, this condo offers an excellent investment opportunity, and the owner already has rentals in place to help generate immediate income. Whether you are seeking a personal retreat or a strong investment property, this move in ready condo delivers the ultimate Florida Keys lifestyle. GREAT NEW PRICE! Don't miss out on this amazing opportunity!

More Information MLS# 616448

Contract Information

Current Price: $485,000 Listing Date: 2025-09-08 Listing Board: Key West Association Sold Price: $485,000 As is Rght to Inspct: Yes Species List: No

Location Tax Legal

Street #: 201 Direction: E Street Name: Ocean Street Suffix: Drive Key/Island: Key Colony State/Province: FL Zip Code: 33051 County: Monroe Subdivision: Casa Clara (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: Complex Pool: Yes Year Built: 1975 Lot Sqft Source: Property Data Card Living Apx SqFt: 994 SqFt Source: Property Data Card Total Bedrooms: 2 Full Baths: 2 Total Baths: 2 Floor Number: 3 Rentals Allowed: Yes Min Rental Days: 14

Status Change Info

Sold Date: 2026-02-26 Sold Price: $485,000 Status: Closed

Association Info

Mandatory Home Owners Asc: Yes Voluntary Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 2983.14 Assoc/Mnt Fee Per: Quarterly

Dockage

Dock: Composite

Building Style

Above Flood: Yes Stories: 3 Stories

Pool Info

Heated: Yes

Pets

Pets w/Restrictions: request info

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Exterminating; Sewer; Water Tax Exemptions: None Waterfront: Oceanfront; Open Water Waterview: Ocean View; Open Water View Utilities: Cable Available; FKAA; Municipal Sewer Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Pool Info: In Ground; Decked Construction: CBS Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; Seller Finance Psble
Listing Office: Berkshire Hathaway Home Services Keys Real Estate - Big Pine Key
Last Updated: February - 27 - 2026
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