501 E Ocean Drive 28, Key Colony, FL 33051

$749,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 972 Status: Pending
Current Price: $749,000 List Date: 7/08/2026 Last Modified: 8/14/2026

Description

Rarely does a nearly new oceanfront residence with weekly rental eligibility become available in the heart of the Middle Keys. Welcome to Key Colony Beach Club, one of the area's premier waterfront communities. Built in 2023, this beautifully appointed 2-bedroom, 2-bath residence offers impact-rated glass, 9-foot ceilings, abundant natural light, and an expansive private balcony with breathtaking Atlantic Ocean views from both the living area and primary suite. Offered fully furnished and vacation rental in place, it's ready for immediate enjoyment or investment. Residents enjoy a heated oceanfront pool, private sandy beach, tiki huts, elevator access, a new fishing pier, private storage, and covered parking for two vehicles. The quarterly HOA includes building insurance, water, cable, and high-speed internet. Ideally located within walking distance to golf, pickleball, marinas, waterfront dining, and all that Key Colony Beach has to offer.

More Information MLS# 620564

Contract Information

Current Price: $749,000 Listing Date: 2026-07-07 Listing Board: Florida Keys List Price: $749,000 As is Rght to Inspct: Yes Species List: No

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: Complex Pool: No Year Built: 2023 Lot Size: X Living Apx SqFt: 972 SqFt Source: Property Data Card Total Bedrooms: 2 Full Baths: 2 Total Baths: 2 Rentals Allowed: Yes

Status Change Info

Under Contract Date: 2026-08-13 Status: Pending

Association Info

Mandatory Home Owners Asc: Yes Condo Doc's: Yes 1st Right of Refusal: No Assoc Approval Req: Yes Association Fee $: 4250 Assoc/Mnt Fee Per: Quarterly

Building Style

Above Flood: Yes

Pets

Pets w/Restrictions: Owners Only - 2 pet

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 Waterview: Ocean View Dockage: None Property Condition: New Construction Vehicle Storage: Carport; Covered Parking; Guest Parking; Off Street Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Heating: Central Utilities: Buyer to Verify; Cable Available; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Interior Features: Quartz Countertops Pre-Wired: Cable Appliances: Dishwasher; Dryer; Ice Machine; Microwave; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Lighting; Sandy Beach; Sprinkler System; Storage Accessibility Feat: Parking Construction: CBS Floor: Tile Roof: Concrete Roof Neighborhood Feature: Airstrip; Beach; Bike Paths; Manager on Premises; Tennis Courts Security: Patrolled Area Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; FHA; VA GF-Interior Features: Tankless Hot Wtr Htr
Listing Office: Keller Williams Capital Realty - Coral Gables
Last Updated: August - 14 - 2026
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