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: 3/19/2026

Description

Rarely does a 2023 oceanfront masterpiece become available in the heart of the Middle Keys with the highly coveted ability to offer weekly rentals. Welcome to Key Colony Beach Club, the newest premier community in the area. This turn-key 2-bedroom, 2-bathroom residence offers the ultimate in modern coastal living, featuring high-impact glass, 9-foot ceilings, and a layout designed to maximize natural light. The spacious private balcony sits so close to the Atlantic that the ocean becomes your front yard, providing the perfect backdrop for sunrises and evening breezes. Both the primary suite and living area offer direct, unobstructed views of the turquoise waters. Sold fully furnished and currently operating as a high-performing vacation rental, this property is ready for immediate enjoyment or income. Community amenities include a heated oceanfront pool, private sandy beach, Tiki huts, an elevator, and a new fishing pier currently under construction. Owners also benefit from a private storage closet and covered parking for two vehicles. The quarterly HOA is inclusive of cable, Wi-Fi, water, and building insurance. Embrace the walkable Key Colony Beach lifestyle with easy access to golf, pickleball, marinas, and fine dining. This is the modern island retreat you have been waiting for.

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 $: 1541.58 Assoc/Mnt Fee Per: Monthly

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: March - 19 - 2026
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