$500,000
SOLD OCT 13, 2023

1101 W Ocean Dr Unit 34 Key Colony Beach, FL 33051

2 Beds
2 Baths
990 Sq Ft
$733/mo HOA Fee

Recently Sold

$505 Per Sq Ft

7% Below List Price

125 Days on Market

Highlights

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

About This Home

As of October 2023

Turnkey 2bd/2ba condo that allows weekly rentals! Excellent investment opportunity in Key Colony Beach. Located in a vibrant community with a 9-hold golf course, pickleball courts, Sunset Park and Beach with tons of local restaurants, this condo is rental ready with an on-site management office making it an easy rental opportunity. Inside you'll find a newly remodeled open kitchen, all impact windows & doors, two balconies & an ocean view from each and every room! Come enjoy the pool and white sandy beach and south Florida sun! Just bring your suitcase! Everything else is covered. This condo truly has it all- a prime location, stunning ocean views, resort style amenities, rental potential & more! Call today to schedule appointment!

Last Agent to Sell the Property

Shelby Morris

American Caribbean Real Estate, Christie's International Real Estate License #3450732 Listed on: 04/19/2023

Last Buyer's Agent

Thomas Magaldi

Coastal Real Estate Professionals, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,067

Year Built

  • Built in 1973 | Remodeled

Lot Details

  • Ocean Front
  • Sandy Beach

HOA Fees

  • $733 Monthly HOA Fees

Interior Spaces

  • 990 Sq Ft Home
  • Furnished
  • Ocean Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Parking

  • Guest Parking
  • Open Parking
  • Assigned Parking

Outdoor Features

  • In Ground Pool
  • Tiki or Chickee Hut

Utilities

  • Central Air
  • Separate Meters

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00078901-000310

Community Details

Overview

  • Association fees include sewer, security, common area mnt, bldg exterior mnt, water, exterminating
  • Sea Isle Condominium Subdivision
  • Rental Restrictions

Recreation

  • Beach

Pet Policy

  • No Pets Allowed

Security

  • Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,067

Year Built

Built in 1973 | Remodeled

Lot Details

0

HOA Fees

$733 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 2200.00
  • Mandatory HOA: Yes
  • Document Count: 3
  • Fee Includes: Sewer, Security, Common Area Mnt, Bldg Exterior Mnt, Water, Exterminating
  • 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: Beach
  • Off Shore Island: No
  • Pets: No Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 4066.61
  • Vehicle Storage: Assigned Parking, Guest Parking, Open Parking
  • Year Built: 1973
  • Alternate Key Number: 1085545
  • Cooling Heating: Central Air
  • Pool Info: In Ground
  • Association Maintenance Fee Per: Quarterly
  • Association Info Condo Docs: Yes
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 990.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: No
  • Unit Complex: Complex
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Floor Number: 3.00
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Microwave, Oven, Range, Refrigerator
  • Floor: Tile, Carpet
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: Oceanfront
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Chickee Hut, Sandy Beach
  • Waterview: Ocean View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Elect Separate Meter, Buyer to Verify

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE,AE,AE,VE
  • Parcel Number: 00078901-000310
  • Land Size: 2 Less Than 5 Acres

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2023
Closed on
Oct 12, 2023
Sold by
Bishop Joel and Bishop Graciela
Bought by
Gonzalez Roberto and Gonzalez Vanessa
Seller's Agent
Shelby Morris
American Caribbean Real Estate
List Price
$529,000
Sold Price
$500,000
Premium/Discount to List
-$29,000
-5.48%
Views
62
Current Estimated Value
$505,450

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,450
Avg. Annual Appreciation
-0.36%
Original Mortgage
$250,000
Outstanding Balance
$246,033
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$250,700

Purchase Details

Listed on
May 3, 2021
Closed on
Jun 17, 2021
Sold by
Davidson Michael E and Davidson Sharon M
Bought by
Bishop Joel and Bishop Graciela
Seller's Agent
Amy Puto
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Shelby Morris
American Caribbean Real Estate, Christie's International Real Estate
List Price
$429,000
Sold Price
$415,000
Premium/Discount to List
-$14,000
-3.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.67%
Original Mortgage
$622,500
Interest Rate
2.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 1, 2009
Sold by
Krueger Ernest L
Bought by
Davidson Michael E and Davidson Sharon M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2004
Sold by
Elk Properties Inc
Bought by
Krueger Ernest L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 2002
Sold by
Krueger Ernest L
Bought by
Elk Properties Llc

Purchase Details

Closed on
Jun 1, 2001
Sold by
E D Robertson M and Betty M Robertson M
Bought by
Krueger Virginia L

Purchase Details

Closed on
Nov 1, 1978
Bought by
Davidson Michael E and Davidson Sharon M
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $471,428 None Listed On Document
Warranty Deed $415,000 Attorney
Warranty Deed $350,000 Attorney
Warranty Deed -- --
Warranty Deed -- --
Interfamily Deed Transfer -- --
Warranty Deed $170,000 --
Deed $55,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $250,000 New Conventional
Previous Owner $622,500 Commercial
Previous Owner $245,000 New Conventional
Previous Owner $362,014 Future Advance Clause Open End Mortgage
Previous Owner $150,000 Credit Line Revolving
Previous Owner $150,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2023 10/13/23 Sold $500,000 0.0% $505 / Sq Ft
10/13/2023 10/13/23 Sold $500,000 -3.7% $505 / Sq Ft
08/30/2023 08/30/23 Pending -- -- --
08/11/2023 08/11/23 Price Changed $519,000 0.0% $524 / Sq Ft
08/11/2023 08/11/23 Price Changed $519,000 -1.9% $524 / Sq Ft
07/25/2023 07/25/23 For Sale $529,000 0.0% $534 / Sq Ft
05/26/2023 05/26/23 Price Changed $529,000 -1.9% $534 / Sq Ft
04/19/2023 04/19/23 For Sale $539,000 +29.9% $544 / Sq Ft
07/16/2021 07/16/21 Sold $415,000 -3.3% $419 / Sq Ft
05/03/2021 05/03/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $429,000 -- $433 / Sq Ft
Source: Florida Keys Board of REALTORS®

Tax History Compared to Growth

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 $4,490 $400,282 -- $400,282
2023 $4,490 $418,451 $0 $418,451
2022 $4,067 $372,589 $0 $372,589
2021 $3,758 $338,193 $0 $338,193
2020 $3,425 $329,022 $0 $329,022
2019 $3,212 $316,152 $0 $316,152
2018 $2,960 $316,152 $0 $0
2017 $2,451 $220,879 $0 $0
2016 $2,540 $220,879 $0 $0
2015 $2,532 $220,879 $0 $0
2014 $2,591 $220,879 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 605002

Florida Keys Board of REALTORS®

APN: 00078901-000310