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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
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.

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