1101 W Ocean Dr Unit 1 Key Colony Beach, FL 33051
Estimated payment $3,332/month
Total Views
5,399
2
Beds
2
Baths
990
Sq Ft
$530
Price per Sq Ft
About This Home
Enjoy the convenience of having a private beach access steps away from your door! Come see for yourself why this property has been treasured by the family for over 45 years. Indulge in the beauty of the Florida Keys with this rare opportunity to own a pristine beachfront condo. This freshly painted ground level two-bedroom, two-bathroom haven offers breathtaking views of the Atlantic Ocean from every window. Sip your morning coffee enjoying the morning breeze on the balcony as the waves lap the shores and the sun rises above the horizon. With a private beach access at your feet, you can easily spend your days lounging on the white sandy beach, swimming in the crystal clear water, and soaking up the warm Keys sunshine. The condo itself is a turn-key vacation rental, fully furnished and bookings already in place. With similar oceanfront condos grossing over $75,000 in the past year with quite a few weeks of owner usage, this property has the potential to generate significant rental income. The spacious master bedroom boasts unparalleled views of the ocean, creating a peaceful and serene setting for relaxation. The property also includes a large heated pool, a tiki hut for shade, and a BBQ area for grilling up your catch of the day. You'll have everything you need for the ultimate beach vacation. This is your chance to own a piece of paradise in the coveted Key Colony Beach. Come see for yourself what makes this property special!
Map
Property Details
Home Type
Condominium
Est. Annual Taxes
$5,090
Year Built
1973
Lot Details
0
Listing Details
- Property Type: Residential
- Style: Condo
- As Is Right To Inspect: Yes
- First Right of Refusal: Yes
- Association Fee: 2725.00
- Mandatory HOA: Yes
- Control Depth: 1
- Fee Includes: Cable, Common Area Mnt, Bldg Exterior Mnt, Water, Exterminating, Sewer
- Handicap Access: No
- Key Island: Key Colony
- Limited Representation: No
- Marathon Neighborhood: N/A
- Mile Marker: 53.50
- Min Rental Days: 7.00
- M L S Identifier: 20060123165453488875000000
- Neighborhood Feature: Manager on Premises, Beach
- Off Shore Island: No
- Pets: No Pets Allowed
- Property Group I D: 19990816212109142258000000
- Side: Ocean
- State Province: FL
- Taxes: 4267.42
- Title: Negotiable
- Vehicle Storage: Assigned Parking, Guest Parking, Open Parking
- Year Built: 1973
- Alternate Key Number: 1085197
- Cooling Heating: Central Air, Ceiling Fans(s)
- Pool Info: In Ground, Decked, Concrete
- Pool Info Heated: Yes
- Porch Balcony: Open Porch/Balcony, Patio
- Association Maintenance Fee Per: Quarterly
- Species List: No
- Tax Exemptions: None
- Building Style Above Flood: Unknown
- Building Style Stories: 3 Stories
- Estimated Living Sq Ft: 990.00
- Sewer Hook Up: Yes
- Unit Complex: Unit
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: Condos
- Stories: 3
Interior Features
- Interior Amenities: Smoke Alarms
- Floor Number: 1.00
- Total Bathrooms: 2.00
- Full Bathrooms: 2
- Appliances: Dishwasher, Microwave, Oven, Range, Refrigerator
- Total Bedrooms: 2
Exterior Features
- Dockage: None
- Waterfront: Oceanfront
- Waterfront: Yes
- Construction: CBS
- Waterview: Ocean View, Open Water View
- Pool: Yes
Utilities
- Utilities: FKAA, Cable Available, Elect Separate Meter, Buyer to Verify, Municipal Sewer
Lot Info
- Deed Restrictions: No
- Flood Zone: AE,AE,AE,VE
- Parcel Number: 00078901-000101
- Land Size: 1 Less Than 2 Acres
Rental Info
- Rentals Allowed: Yes
- Furnished: Furnished
Tax Info
- Tax Year: 2024
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Home Values in the Area
Average Home Value in this Area
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 | $5,090 | $450,083 | -- | $450,083 |
| 2023 | $5,090 | $498,680 | $0 | $498,680 |
| 2022 | $4,602 | $443,141 | $0 | $443,141 |
| 2021 | $4,314 | $383,818 | $0 | $383,818 |
| 2020 | $3,951 | $375,337 | $0 | $375,337 |
| 2019 | $3,773 | $382,987 | $0 | $382,987 |
| 2018 | $3,472 | $382,987 | $0 | $0 |
| 2017 | $2,851 | $265,055 | $0 | $0 |
| 2016 | $2,958 | $265,055 | $0 | $0 |
| 2015 | $2,957 | $265,055 | $0 | $0 |
| 2014 | $3,028 | $265,055 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/09/2025 01/09/25 | For Sale | $524,500 | -- | $530 / Sq Ft |
Source: Marathon and Lower Keys Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $7,142 | None Listed On Document | |
| Warranty Deed | $804,285 | None Listed On Document | |
| Warranty Deed | $7,142 | None Listed On Document | |
| Warranty Deed | -- | Attorney | |
| Warranty Deed | $804,285 | None Listed On Document | |
| Warranty Deed | $900,000 | Thomas D Wright | |
| Warranty Deed | $7,142 | None Listed On Document | |
| Warranty Deed | $7,142 | None Listed On Document | |
| Deed | $87,300 | -- |
Source: Public Records
Similar Homes in the area
Source: Marathon and Lower Keys Association of REALTORS®
MLS Number: 613034
APN: 00078901-000101
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