NOT LISTED FOR SALE

501 E Ocean Dr Unit 12 Key Colony Beach, FL 33051

Estimated Value: $602,000 - $851,000

2 Beds
2 Baths
1,001 Sq Ft
$1,000/mo HOA Fee

Last Sold December 04, 2023

Last sale price $842,000 $841 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $5,136/month

7 Days on Market

Highlights

  • Airstrip
  • Ocean Front
  • Beach
  • Coral Shores High School Rated A
  • Boat Ramp
  • Sandy Beach

About This Home

As of December 2023

Imagine waking up to the sound of gentle waves hitting the sand as you gaze upon a beautiful sunrise with the ocean sparkling in the distance... This dream can finally be your reality at this BRAND NEW .... One-of-a-kind, 2 bed/2 bath EAST Facing, SECOND story unit at Key Colony Beach Club. The construction of the buildings is complete, landscaping is done and the exterior amenities are nearing completion. Unit 12 is ready to be your NEW Keys home! You will love seeing the mesmerizing OCEAN views from every angle of the condo and will truly appreciate the OPEN CONCEPT living, dining and kitchen areas complete with IMPACT RESISTANT windows and doors! A large and shaded ocean front balcony await you, with plenty of room for catching some sun and salty breezes along with 9 ft tall ceilings to allow for plenty of natural light to illuminate the interior rooms. Notable features of this unit include: Second story and close proximity to the elevator, AFTERNOON SHADE, new modern white kitchen with stainless steel appliances, white TILE BACKSPLASH and QUARTZ counter tops, new light wood luxury vinyl plank flooring throughout, 2 coastal modern ensuite tiled bathrooms with vanities and mirrors, washer and dryer conveniently located in the guest suite, and central air with new ceiling fans. The unit is conveniently located near the pool and white sandy beach ... and close to the heart of Key Colony Beach, Post Office and restaurants / tiki bars. WEEKLY vacation rentals are allowed. The unit comes with two assigned and covered parking spaces with an owner's private storage unit. CALL TODAY - the location of #12 is highly sought after and will not last long! This is a once in a lifetime opportunity to be the first to make this NEW Ocean Front Condo in renowned and beloved KEY COLONY BEACH yours!

Last Agent to Sell the Property

Monica Barrett

Coldwell Banker Schmitt Real Estate Co. License #SL3345718 Listed on: 11/07/2023

Coldwell Banker Schmitt Real Estate Co.

Co-Listed By

Rick Servais

Coldwell Banker Schmitt Real Estate Co. License #3238499

Last Buyer's Agent

Al Barbosa

Coldwell Banker Schmitt Real Estate Co. (KW) License #3411465

Coldwell Banker Schmitt Real Estate Co. (KW)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $892

Year Built

  • Built in 2023 | New Construction

Lot Details

  • Ocean Front
  • Sandy Beach
  • Fenced

HOA Fees

  • $1,000 Monthly HOA Fees

Home Design

  • Frame Construction

Interior Spaces

  • 1,001 Sq Ft Home
  • Ceiling Fan
  • Vinyl Flooring
  • Ocean Views
  • Monitored

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Quartz Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Carport
  • Guest Parking
  • Assigned Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool

Outdoor Features

  • Airstrip
  • Balcony
  • Deck
  • Outdoor Storage

Utilities

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

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00073990-001200

Community Details

Overview

  • Association fees include cable, common area mnt, building insurance, bldg exterior mnt, water, sewer
  • Key Colony Bch Club Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Boat Ramp
  • Beach
  • Community Pool
  • Bike Trail

Pet Policy

  • Pet Restriction: YES

Security

  • Resident Manager or Management On Site
  • Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$892

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$1,000 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 3000.00
  • Mandatory HOA: Yes
  • Document Count: 5
  • Fee Includes: Cable, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Water, Sewer
  • Key Island: Key Colony
  • Limited Representation: No
  • Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
  • Mile Marker: 53.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool, Airstrip, Bike Paths, Other Area Features, Beach, Manager on Premises, Community Boat Ramp
  • Off Shore Island: No
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 892.10
  • Title: Title Ins - Buyer
  • Vehicle Storage: Carport, Guest Parking, Assigned Parking
  • Vehicle Storage Cars: 2
  • Year Built: 2023
  • Alternate Key Number: 8555806
  • Building Style Stilt Column Height: Tall - 10Ft & Over
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Pool Info: In Ground, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Deck
  • Association Maintenance Fee Per: Quarterly
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1001.00
  • Pre Wired: Cable
  • Financial Status Standard Sale: Yes
  • Property Condition: New Construction
  • Sewer Hook Up: Yes
  • Unit Complex: Unit
  • Statistical Purposes Only: No
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Interior Amenities: Elevator, Quartz Countertops
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Vinyl
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS, Combo Construction, Frame
  • Exterior Features: Fencing, Storage, Sandy Beach
  • Roof: Other Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: Patrolled Area
  • Utilities: FKAA, Elect Separate Meter, Buyer to Verify
  • Heating: Electric

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: AE,AE,VE,VE,AE
  • Parcel Number: 00073990-001200
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2023
Closed on
Nov 30, 2023
Sold by
Hyde Realty Trust and Hyde Virginia
Bought by
T Doran Enterprises Llc
Seller's Agent
Monica Barrett
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Al Barbosa
Coldwell Banker Schmitt Real Estate Co. (KW)
List Price
$859,000
Sold Price
$842,000
Premium/Discount to List
-$17,000
-1.98%
Views
6
Current Estimated Value
$728,346

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$113,654
Avg. Annual Appreciation
-8.72%
Source: Public Records

Range of Values:

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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
T Doran Enterprises Llc $842,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2023 12/04/23 Sold $842,000 -2.0% $841 / Sq Ft
11/14/2023 11/14/23 Pending -- -- --
11/07/2023 11/07/23 For Sale $859,000 -- $858 / Sq Ft
Source: Marathon and Lower Keys Association 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 $1,356 $642,088 -- $642,088
2023 $1,356 $86,670 $0 $86,670
2022 $892 $86,670 $0 $86,670
2021 $931 $86,670 $0 $86,670
2020 $901 $86,670 $0 $86,670
2019 $902 $86,670 $0 $86,670
2018 $1,263 $86,670 $0 $0
2017 $2,266 $218,037 $0 $0
2016 $2,243 $218,037 $0 $0
2015 $1,917 $157,081 $0 $0
2014 $1,959 $157,081 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Monica Barrett

    Coldwell Banker Schmitt Real Estate Co.

    (305) 289-6554

    241 Total Sales

    Monica Barrett
    Section Image
  • Rick Servais

    Seller Co-Listing Agent in 2023

    Rick Servais

    Coldwell Banker Schmitt Real Estate Co.

    (305) 433-0349

    228 Total Sales

    Rick Servais
    Section Image
  • Al Barbosa

    Buyer's Agent in 2023

    Al Barbosa

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 440-4000

    14 Total Sales

    Al Barbosa
    Section Image
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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 607320

APN: 00073990-001200

Florida Monroe County Key Colony Beach 33051

501 E Ocean Dr Unit 12, Key Colony Beach, FL

This home is located at 501 E Ocean Dr Unit 12, Key Colony Beach, FL 33051 since 07 November 2023 and is currently estimated at $728,346, approximately $727 per square foot. This property was built in 2023. 501 E Ocean Dr Unit 12 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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