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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
Documents
Listing Office: Keller Williams Capital Realty - Coral Gables
Last Updated: August - 14 - 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.

Declaration - Key Colony Beach Club, Inc ›