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
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: February - 11 - 2026
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