NOT LISTED FOR SALE

1101 W Ocean Dr Unit 9 Key Colony Beach, FL 33051

Estimated Value: $601,000 - $849,000

2 Beds
2 Baths
990 Sq Ft
1 Acres

Last Sold December 13, 2022

Last sale price $720,000 $727 Per Sq Ft

Current estimated payment $4,498/month

10 Days on Market

Highlights

  • Ocean Front
  • Sandy Beach
  • Furnished
  • Coral Shores High School Rated A
  • Concrete Pool
  • Granite Countertops

About This Home

As of December 2022

First time to market in over 30 years, and there's a reason why - with expansive open views of the Atlantic Ocean, it is hard for anyone to leave this piece of paradise. Smell the salty air and watch the waves crash ashore while drinking your morning coffee and watching the sunrise. This pristinely kept seven-day vacation rental is positioned in Key Colony Beach on a white sandy beach. Offering a top-floor condo with multi-million dollar views overlooking the Atlantic Ocean, this two-bedroom, two-bathroom has had plenty of upgrades since 2018. Including tile floor throughout with white cabinets and granite countertops, new vanities, cabinets, and glass shower doors in each bathroom. The AC was updated in 2018 with impact windows and glass slider. Plenty of ocean views from every window. The master bedroom is complete with one-of-a-kind views surrounded by water. This turn key vacation rental comes fully furnished with bookings in place.

Last Agent to Sell the Property

Frank Griffiths

Ocean Sotheby's International License #SL 3339550 Listed on: 10/23/2022

Ocean Sotheby's International

Last Buyer's Agent

Donna Pezzi

Coldwell Banker Schmitt RE Co. Lower Keys Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,364

Year Built

  • Built in 1973 | Remodeled

Lot Details

  • Ocean Front
  • Sandy Beach

Home Design

  • Tar and Gravel Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 990 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Tile Flooring
  • Ocean Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Parking

  • Guest Parking
  • Open Parking
  • Assigned Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Pool Deck

Outdoor Features

  • Balcony
  • Tiki or Chickee Hut

Utilities

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

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00078901-000109

Community Details

Overview

  • Property has a Home Owners Association
  • $2,000 Maintenance Fee
  • Association fees include bldg exterior mnt, sewer, water, exterminating, common area mnt, cable
  • Sea Isle Condominium Subdivision

Pet Policy

  • No Pets Allowed

Security

  • Complete Accordion Shutters
  • Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,364

Year Built

Built in 1973 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Maintenance Fee: 2000.00
  • Mandatory HOA: Yes
  • Control Depth: 1
  • Fee Includes: Bldg Exterior Mnt, Sewer, Water, Exterminating, Common Area Mnt, Cable
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • 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
  • Off Shore Island: No
  • Pets: No Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 4364.17
  • Title: Negotiable
  • Vehicle Storage: Assigned Parking, Open Parking, Guest Parking
  • Year Built: 1973
  • Alternate Key Number: 1085278
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Pool Info: Concrete, In Ground, Decked
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Quarterly
  • Shutters: Accordion
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 990.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Unit Complex: Unit
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Smoke Alarms, Granite Counter Top
  • Floor Number: 3.00
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Refrigerator, Range, Oven, Microwave
  • Floor: Tile
  • Windows/Doors: Impact Rstnce Doors, Impact Rstnce Window
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: Concrete
  • Exterior Features: Chickee Hut, Sandy Beach
  • Roof: Tar/Gravel Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Utilities: Buyer to Verify, Municipal Sewer, Elect Separate Meter, FKAA, Cable Available

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE,AE,AE,VE
  • Parcel Number: 00078901-000109
  • Land Size: 1 Less Than 2 Acres

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2022
Closed on
Dec 12, 2022
Sold by
Newhouse Carole A
Bought by
Webb Stephanie L and Webb John Eric
Seller's Agent
Frank Griffiths
Ocean Sotheby's International
Buyer's Agent
Donna Pezzi
Coldwell Banker Schmitt RE Co. Lower Keys Office
List Price
$749,000
Sold Price
$720,000
Premium/Discount to List
-$29,000
-3.87%
Views
6
Current Estimated Value
$721,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,573
Avg. Annual Appreciation
-0.91%
Original Mortgage
$612,000
Outstanding Balance
$596,761
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$106,109

Purchase Details

Closed on
Nov 24, 2021
Sold by
Newhouse Carole A
Bought by
Newhouse Carole A and Nash Diana Lea

Purchase Details

Closed on
Sep 2, 2018
Sold by
Newhouse Carole A and Newhouse Carole
Bought by
Newhouse Carole A

Purchase Details

Closed on
Jan 5, 2018
Sold by
Newhouse Carole A
Bought by
Newhouse Carole A

Purchase Details

Closed on
Sep 19, 2013
Sold by
Newhouse Carole A
Bought by
Newhouse Newhouse Sandra Lea Sandra Lea and Newhouse Nash Diana

Purchase Details

Closed on
Aug 1, 1992
Bought by
Newhouse Carole L and Newhouse E

Purchase Details

Closed on
Sep 1, 1989
Bought by
Newhouse Carole L and Newhouse E

Purchase Details

Closed on
Feb 1, 1975
Bought by
Newhouse Carole L and Newhouse E
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Webb Stephanie L $720,000 --
Newhouse Carole A -- Accommodation
Newhouse Carole A -- Attorney
Newhouse Carole A -- Attorney
Newhouse Newhouse Sandra Lea Sandra Lea -- Attorney
Newhouse Carole L $174,000 --
Newhouse Carole L $152,500 --
Newhouse Carole L $32,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Webb Stephanie L $612,000
Previous Owner Newhouse Carole $156,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2022 12/13/22 Sold $720,000 -3.9% $727 / Sq Ft
10/23/2022 10/23/22 For Sale $749,000 -- $757 / 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 $6,140 $527,736 -- $527,736
2023 $6,140 $583,926 $0 $583,926
2022 $4,807 $450,154 $0 $450,154
2021 $4,364 $390,518 $0 $390,518
2020 $3,973 $381,887 $0 $381,887
2019 $3,795 $389,537 $0 $389,537
2018 $3,494 $389,537 $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

Agents Affiliated with this Home

  • Frank Griffiths

    Seller's Agent in 2022

    Frank Griffiths

    Ocean Sotheby's International

    (305) 563-1838

    113 Total Sales

    Section Image

  • D

    Buyer's Agent in 2022

    Donna Pezzi

    Coldwell Banker Schmitt RE Co. Lower Keys Office

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 602814

Florida Keys Board of REALTORS®

APN: 00078901-000109

Florida Monroe County Key Colony Beach 33051

1101 W Ocean Dr Unit 9, Key Colony Beach, FL

This home is located at 1101 W Ocean Dr Unit 9, Key Colony Beach, FL 33051 since 23 October 2022 and is currently estimated at $699,822, approximately $706 per square foot. This property was built in 1973. 1101 W Ocean Dr Unit 9 is a home located in Monroe County with nearby schools including Stanley Switlik Elementary School, Marathon Middle High School, and Coral Shores High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Keys Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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