NEW CONSTRUCTION
$60K PRICE DROP
501 E Ocean Dr Unit 17 Key Colony Beach, FL 33051
Estimated payment $5,921/month
Total Views
5,836
2
Beds
2
Baths
1,008
Sq Ft
$709
Price per Sq Ft
Highlights
- Airstrip
- Ocean Front
- Sandy Beach
- Coral Shores High School Rated A
- Beach
- New Construction
About This Home
White sand oceanfront condo with breathtaking blue Ocean views constructed in 2023 with weekly rentals permitted. You deserve to live the island dream in this stunning, oceanfront condo, perfectly positioned in the heart of the Middle Keys. This modern coastal retreat boasts 10-foot ceilings, impact-rated windows and doors, and an open floor plan designed to maximize natural light and sweeping ocean views. The oversized balcony will extend your living, dining or just relaxing to gaze at the beautiful ocean views and meticulous grounds. Featuring two spacious ensuite bedrooms, this home offers both comfort and privacy--ideal for full-time living, a vacation getaway, or a weekly rental investment. Enjoy resort-style amenities including pickleball, golf, tennis, marina, playgrounds, and even a police department for peace of mind. Explore the city effortlessly--designed for walking and biking across 15 charming streets with access to Sunset Park, dining, shopping, and a convenient post office. Whether you're fishing, diving, snorkeling, or simply soaking in the views, this location is a paradise for outdoor lovers. Just 5 minutes to Marathon's Executive Airport, 1 hour to Key West International Airport and 2 hours to Miami International Airport, this property offers a rare combination of convenience and tranquility...come home to Key Colony Beach, the heart of the Florida Keys!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,132
Year Built
- Built in 2023 | New Construction
Lot Details
- Ocean Front
- Sandy Beach
HOA Fees
- $1,496 Monthly HOA Fees
Home Design
- Metal Roof
- Pre-Cast Concrete Construction
Interior Spaces
- 1,008 Sq Ft Home
- Ceiling Fan
- Sliding Doors
- Tile Flooring
- Ocean Views
- Monitored
Kitchen
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- Covered Parking
- Guest Parking
- Off-Street Parking
Pool
- Heated In Ground Pool
- Pool Deck
Outdoor Features
- Airstrip
- Balcony
Utilities
- Central Air
- Heating Available
- Public Hookup Available For Sewer
- Community Sewer or Septic
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 00073990-001700
Community Details
Overview
- Association fees include cable, common area mnt, building insurance, bldg exterior mnt, water, sewer
- 32 Units
- Key Colony Bch Club Subdivision
Recreation
- Beach
- Tennis Courts
- Bike Trail
Pet Policy
- Pet Restriction: Owners Only
Security
- Resident Manager or Management On Site
- Impact Glass
Map
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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 | $1,376 | $580,417 | -- | $580,417 |
| 2023 | $1,376 | $88,726 | $0 | $88,726 |
| 2022 | $912 | $88,726 | $0 | $88,726 |
| 2021 | $952 | $88,726 | $0 | $88,726 |
| 2020 | $921 | $88,726 | $0 | $88,726 |
| 2019 | $922 | $88,726 | $0 | $88,726 |
| 2018 | $1,283 | $88,726 | $0 | $0 |
| 2017 | $2,472 | $223,209 | $0 | $0 |
| 2016 | $2,562 | $223,209 | $0 | $0 |
| 2015 | $1,917 | $157,081 | $0 | $0 |
| 2014 | $1,959 | $157,081 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | Price Changed | $715,000 | -1.1% | $709 / Sq Ft |
| 05/23/2025 05/23/25 | Price Changed | $723,000 | -2.2% | $717 / Sq Ft |
| 05/01/2025 05/01/25 | Price Changed | $739,000 | -1.3% | $733 / Sq Ft |
| 04/15/2025 04/15/25 | Price Changed | $749,000 | -1.4% | $743 / Sq Ft |
| 03/24/2025 03/24/25 | Price Changed | $759,800 | -2.0% | $754 / Sq Ft |
| 02/10/2025 02/10/25 | For Sale | $775,000 | -- | $769 / Sq Ft |
Source: Marathon and Lower Keys Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- |
Source: Public Records
Similar Homes in the area
Source: Marathon and Lower Keys Association of REALTORS®
MLS Number: 613811
APN: 00073990-001700
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