$699,000
UNDER CONTRACT NEW CONSTRUCTION

501 E Ocean Dr Unit 17 Key Colony Beach, FL 33051

Estimated payment $5,477/month

Total Views 6,850
2 Beds
2 Baths
1,008 Sq Ft
$693 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!

Listing Agent

Ally Kelley

Ocean Sotheby's International License #SL3352184 Listed on: 08/27/2025

Ocean Sotheby's International

Co-Listing Agent

Karen Raspe, PA

Ocean Sotheby's International License #3226605

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

  • $1,274 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Concrete Roof
  • Metal Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 1,008 Sq Ft Home
  • Ceiling Fan
  • Sliding Doors
  • Tile Flooring
  • Ocean Views
  • Monitored

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Carport
  • 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

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,132

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$1,274 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 3821.00
  • Mandatory HOA: Yes
  • Contingent: Contingent/Show
  • Document Count: 2
  • 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: Tennis Courts, Bike Paths, Airstrip, Beach, Manager on Premises
  • Pets W Restrictions: Owners Only
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 6131.73
  • Title: Title Ins - Buyer
  • Vehicle Storage: Carport, Covered Parking, Off Street Parking, Guest Parking
  • Year Built: 2023
  • Alternate Key Number: 8555857
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Pool Info: In Ground, Decked
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Quarterly
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1008.00
  • Pre Wired: Cable
  • Property Condition: New Construction
  • Sewer Hook Up: Yes
  • Unit Complex: Complex
  • Statistical Purposes Only: No
  • Special Features: 130
  • Property Sub Type: Condos

Interior Features

  • Floor Number: 2.00
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Windows/Doors: Sliding Glass Doors, Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: Concrete
  • Exterior Features: Sandy Beach
  • Roof: Metal Roof, Concrete Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: Patrolled Area
  • Utilities: FKAA, Cable Available, Buyer to Verify, Community Swr Plant
  • Heating: Electric

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE, VE
  • Parcel Number: 00073990-001700
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2024

Multi Family

  • Total Units: 32.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $1,376 $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
08/27/2025 08/27/25 For Sale $699,000 -- $693 / Sq Ft
Source: Marathon and Lower Keys Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed -- --
Source: Public Records

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 616306

APN: 00073990-001700

Florida Monroe County Key Colony Beach 33051

501 E Ocean Dr Unit 17, Key Colony Beach, FL

This home is located at 501 E Ocean Dr Unit 17, Key Colony Beach, FL 33051 and is currently priced at $699,000, approximately $693 per square foot. This property was built in 2023. 501 E Ocean Dr Unit 17 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.

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Ally Kelley
Listing Agent
Ally Kelley
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Ocean Sotheby's International
(786) 751-4994