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501 E Ocean Drive #12, Key Colony, FL 33051
$842,000
Property Type:
Residential
Bedrooms:
2
Baths:
2
Square Footage:
1,001
Status:
Closed
Current Price:
$842,000
List Date:
11/07/2023
Last Modified:
2/11/2026
Description
Imagine waking up to the sound of gentle waves hitting the sand as you gaze upon a beautiful sunrise with the ocean sparkling in the distance... This dream can finally be your reality at this BRAND NEW .... One-of-a-kind, 2 bed/2 bath EAST Facing, SECOND story unit at Key Colony Beach Club. The construction of the buildings is complete, landscaping is done and the exterior amenities are nearing completion. Unit 12 is ready to be your NEW Keys home! You will love seeing the mesmerizing OCEAN views from every angle of the condo and will truly appreciate the OPEN CONCEPT living, dining and kitchen areas complete with IMPACT RESISTANT windows and doors! A large and shaded ocean front balcony await you, with plenty of room for catching some sun and salty breezes along with 9 ft tall ceilings to allow for plenty of natural light to illuminate the interior rooms.
Notable features of this unit include: Second story and close proximity to the elevator, AFTERNOON SHADE, new modern white kitchen with stainless steel appliances, white TILE BACKSPLASH and QUARTZ counter tops, new light wood luxury vinyl plank flooring throughout, 2 coastal modern ensuite tiled bathrooms with vanities and mirrors, washer and dryer conveniently located in the guest suite, and central air with new ceiling fans. The unit is conveniently located near the pool and white sandy beach ... and close to the heart of Key Colony Beach, Post Office and restaurants / tiki bars. WEEKLY vacation rentals are allowed. The unit comes with two assigned and covered parking spaces with an owner's private storage unit. CALL TODAY - the location of #12 is highly sought after and will not last long! This is a once in a lifetime opportunity to be the first to make this NEW Ocean Front Condo in renowned and beloved KEY COLONY BEACH yours!
More Information MLS# 607320
Contract Information
Current Price: $842,000
Listing Date: 2023-11-07
Listing Board: Marathon/Lower Keys
Sold Price: $842,000
As is Rght to Inspct: Yes
Species List: Yes
Location Tax Legal
Street #: 501
Direction: E
Street Name: Ocean
Street Suffix: Drive
Key/Island: Key Colony
State/Province: FL
Zip Code: 33051
County: Monroe
Subdivision: Key Colony Bch Club (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
Unit/Complex: Unit
Pool: Yes
Year Built: 2023
Lot Sqft Source: Property Data Card
Living Apx SqFt: 1001
SqFt Source: Appraisal
Total Bedrooms: 2
Full Baths: 2
Total Baths: 2
Rentals Allowed: Yes
Min Rental Days: 7
Status Change Info
Sold Date: 2023-12-04
Sold Price: $842,000
Status: Closed
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 3000
Assoc/Mnt Fee Per: Quarterly
Building Style
Above Flood: Yes
Stilt Column Height: Tall - 10Ft & Over
Stories: 2 Stories
Vehicle Storage
Car(s): 2
Pool Info
Heated: Yes
Financial Status
Standard Sale: Yes
Property Features
Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Sewer; Water
Tax Exemptions: None
Waterfront: Oceanfront; Open Water
Waterview: Ocean View; Open Water View
Dockage: None
Property Condition: New Construction
Vehicle Storage: Carport; Assigned Parking; Guest Parking
Furnished: Unfurnished
Cooling: Ceiling Fans(s); Central Air
Utilities: Buyer to Verify; Elect Separate Meter; FKAA
Interior Features: Elevator; Quartz Countertops
Pre-Wired: Cable
Specialty Rooms: Laundry Room
Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features: Fencing; Sandy Beach; Storage
Pool Info: In Ground; Concrete
Construction: CBS; Combo Construction; Frame
Floor: Vinyl
Roof: Other Roof
Neighborhood Feature: Airstrip; Beach; Bike Paths; Community Boat Ramp; Community Pool; Manager on Premises; Other Area Features
Security: Patrolled Area
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; No Seller Finance
Title: Title Ins - Buyer
Documents
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: February - 11 - 2026
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.

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