501 E Ocean Drive 9, Key Colony, FL 33051

$799,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 972 Status: Active
Current Price: $799,000 List Date: 9/17/2025 Last Modified: 2/19/2026

Description

Welcome to Key Colony Beach Club, newly built in 2023 and one of the rare condo communities in the Middle Keys offering weekly rentals. This oceanfront residence combines modern design, exceptional amenities, and a proven record of strong rental income. The spacious 2 bedroom, 2 bathroom layout features 9-foot ceilings, an open living area, and expansive glass sliders that flood the space with natural light and frame endless views of the Atlantic. Step onto the large private balcony where it feels as if you could reach out and touch the ocean — a truly breathtaking setting for sunrise coffee or evening cocktails. Both the living room and the primary suite enjoy front-row views of the turquoise waters, while each bedroom includes an ensuite bath for privacy and comfort. Sold fully furnished and turn-key, this condo is move-in ready and already generating income through an active rental program. Community amenities include a heated oceanfront pool, sandy beach, Tiki Huts, a fishing pier currently under construction, an elevator, a private storage closet, and a covered parking space for two cars. The HOA fee covers cable, Wi-Fi, water, building insurance, and more, making ownership easy and convenient. Located in sought-after Key Colony Beach, you'll enjoy a walkable island lifestyle with easy access to restaurants, marinas, golf, pickleball, tennis, playgrounds, Sunset Park, and more. Experience the feeling of living right on the water — where the ocean is your backdrop and every day feels like a vacation.

More Information MLS# 616514

Contract Information

Current Price: $799,000 Listing Date: 2025-09-16 Listing Board: Florida Keys List Price: $799,000 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: Yes Year Built: 2023 Total Units: 32 Living Apx SqFt: 972 SqFt Source: Property Data Card Total Bedrooms: 2 Full Baths: 2 Total Baths: 2 Floor Number: 2 Rentals Allowed: Yes Min Rental Days: 7

Status Change Info

Status: Active

Association Info

Mandatory Home Owners Asc: Yes Condo Doc's: Yes 1st Right of Refusal: No Assoc Approval Req: Yes Association Fee $: 3821 Assoc/Mnt Fee Per: Quarterly

Building Style

Above Flood: Yes

Vehicle Storage

Car(s): 2

Pets

Pets w/Restrictions: Owners Only - 2 pets

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; Assigned Parking; Covered Parking; Off Street Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Heating: Central Utilities: Buyer to Verify; Cable Available; Community Swr Plant; FKAA; Municipal Sewer Interior Features: Drapes/Blinds Incl; Quartz Countertops; Smoke Alarms; Split Bedroom; Storage; Walk-in Closet(s) Pre-Wired: Cable Appliances: Dishwasher; Dryer; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Lighting; Sandy Beach; Sprinkler System; Storage Pool Info: In Ground; Concrete Construction: Concrete Roof: Concrete Roof Neighborhood Feature: Airstrip; Beach; Bike Paths; Manager on Premises; Tennis Courts Land Size: Less Than 1/4 Acre Terms: Cash; Conventional Title: Title Ins - Buyer GF-Interior Features: Tankless Hot Wtr Htr
Listing Office: RE/MAX All Keys Real Estate
Last Updated: February - 19 - 2026
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