$859,000
$40K PRICE DROP

1001 W Ocean Dr Unit 1-305 Key Colony Beach, FL 33051

Estimated payment $7,778/month

Total Views 6,509
2 Beds
2 Baths
1,260 Sq Ft
$682 Price per Sq Ft

Highlights

  • Airstrip
  • Ocean Front
  • Sandy Beach
  • Coral Shores High School Rated A
  • Beach
  • In Ground Pool

About This Home

This is a rare opportunity to own the best priced DIRECT OCEANFRONT 2 bedroom, 2 bathroom condo in Key Colony Beach. Located in the highly exclusive Monte Christo complex, this 1,260 sq. ft. unit offers breathtaking ocean views from the kitchen, dining room, living room, and master bedroom. This meticulously maintained condo is move-in ready, with furniture negotiable, allowing you to personalize the space to your liking. Plus, enjoy the benefits of condo living with no maintenance responsibilities, so you can spend more time enjoying the views and less time on upkeep. The Monte Christo community offers fantastic amenities, including two pools, tennis and shuffleboard courts, and a detached one-car garage. Situated in an ideal location, you're just minutes from Million Air Marathon Airport, Baptist Fishermen's Community Hospital, local dining, parks, and marinas, with a short walk to the golf course and professional pickleball courts. Not only is this a beautiful home, but it's also a strong investment opportunity with rental bookings already secured for 2025, making it ready to generate immediate rental income. Whether you're looking for a serene oceanfront retreat or a profitable vacation rental, this condo offers unmatched value, comfort, and convenience. Schedule your showing today.

Listing Agent

Lela Ashkarian

Coldwell Banker Schmitt Real Estate Co. License #622790 Listed on: 01/01/2025

Coldwell Banker Schmitt Real Estate Co.

Co-Listing Agent

Jesus Parra

Coldwell Banker Schmitt Real Estate Co. License #3589805

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,869

Year Built

  • Built in 1980 | Remodeled

Lot Details

  • Ocean Front
  • Sandy Beach

HOA Fees

  • $2,407 Monthly HOA Fees

Interior Spaces

  • 1,260 Sq Ft Home
  • Entrance Foyer
  • Utility Room
  • Tile Flooring
  • Ocean Views
  • Monitored

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Detached Garage
  • Guest Parking
  • Open Parking
  • Off-Street Parking

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • In Ground Pool
  • Airstrip
  • Balcony

Utilities

  • Central Air
  • Separate Meters
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00078820-002000

Community Details

Overview

  • Association fees include cable, common area mnt, building insurance, bldg exterior mnt, water, exterminating, sewer
  • Monte Christo Subdivision
  • Rental Restrictions

Recreation

  • Beach
  • Tennis Courts
  • Bike Trail

Pet Policy

  • Pet Restriction: 1 dog under 40#

Security

  • Resident Manager or Management On Site
  • Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,869

Year Built

Built in 1980 | Remodeled

Lot Details

0

HOA Fees

$2,407 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Fee: 7220.00
  • Mandatory HOA: Yes
  • Document Count: 1
  • Fee Includes: Cable, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Water, Exterminating, Sewer
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key Colony
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 53.50
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Tennis Courts, Airstrip, Bike Paths, Beach, Manager on Premises
  • Off Shore Island: No
  • Pets W Restrictions: 1 dog under 40#
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 6869.00
  • Vehicle Storage: Garage, Off Street Parking, Guest Parking, Open Parking, Detached
  • Year Built: 1980
  • Alternate Key Number: 8562471
  • Cooling Heating: Central Air
  • Pool Info: In Ground
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Quarterly
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1260.00
  • Financial Status Standard Sale: Yes
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Unit Complex: Unit
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Split Bedroom, Granite Counter Top, Smoke Alarms, Elevator, Entrance Foyer
  • Floor Number: 3.00
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Specialty Rooms: Laundry Room, Utility Room
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 2
  • Accessibility Features: Accessible Elevator Installed

Exterior Features

  • Dockage: None
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Sandy Beach, Tennis Court(s)
  • Roof: Other Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: Patrolled Area
  • Utilities: FKAA, Elect Separate Meter, Cable Available, Buyer to Verify

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: VE,AE,AE,AE,AE,VE
  • Parcel Number: 00078820-002000
  • Land Size: More than 1 Lot

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,869 $740,187 -- $740,187
2023 $6,869 $729,001 $0 $729,001
2022 $6,179 $641,418 $0 $641,418
2021 $5,680 $520,490 $0 $520,490
2020 $5,224 $492,652 $0 $492,652
2019 $5,284 $498,689 $0 $498,689
2018 $5,088 $498,689 $0 $0
2017 $4,982 $500,333 $0 $0
2016 $5,243 $570,818 $0 $0
2015 $4,514 $426,616 $0 $0
2014 $4,628 $426,616 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2025 03/22/25 Price Changed $859,000 -1.2% $682 / Sq Ft
02/10/2025 02/10/25 Price Changed $869,000 -3.3% $690 / Sq Ft
01/01/2025 01/01/25 For Sale $899,000 -- $713 / Sq Ft
Source: Marathon and Lower Keys Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Attorney
Warranty Deed -- None Available
Warranty Deed $305,000 --
Warranty Deed $175,000 --
Warranty Deed $160,000 --
Warranty Deed $168,500 --
Source: Public Records

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Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 612911

APN: 00078820-002000

Florida Monroe County Key Colony Beach 33051

1001 W Ocean Dr Unit 1-305, Key Colony Beach, FL

This home is located at 1001 W Ocean Dr Unit 1-305, Key Colony Beach, FL 33051 and is currently priced at $859,000, approximately $681 per square foot. This property was built in 1980. 1001 W Ocean Dr Unit 1-305 is a home located in Monroe County with nearby schools including Stanley Switlik Elementary School, Marathon Middle High School, and Coral Shores High School.

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Lela Ashkarian
Listing Agent
Lela Ashkarian
Section Image
Coldwell Banker Schmitt Real Estate Co.
(786) 933-9287