501 E Ocean Dr Unit 18 Key Colony Beach, FL 33051
2
Beds
2
Baths
1,008
Sq Ft
$1,333/mo
HOA Fee
Highlights
- Airstrip
- Ocean Front
- Beach
- Coral Shores High School Rated A
- Boat Ramp
- New Construction
About This Home
As of January 2025Welcome to Key Colony Beach Club Unit 18. This 3rd floor End Unit has extra windows that allow for an abundance of natural light to flow throughout this open floor plan. Step onto your spacious balcony from the main living area or the primary en-suite where you can enjoy the views of the lush landscaping, swimming pool and turquoise waters of the Atlantic Ocean. Unit has designated covered parking for 2 cars with a large storage area and elevator access. Steps to the beach and walking distance to Parks, Restaurants and Shops. Key Colony Beach Club allows for weekly rentals as well so great investment property
Last Agent to Sell the Property
Coldwell Banker Schmitt Real Estate Co. License #3322619 Listed on: 07/23/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,274
Year Built
- Built in 2023 | New Construction
Lot Details
- Ocean Front
HOA Fees
- $1,333 Monthly HOA Fees
Home Design
- Pre-Cast Concrete Construction
Interior Spaces
- 1,008 Sq Ft Home
- Ceiling Fan
- Blinds
- Storage
- Laminate Flooring
- Ocean Views
- Monitored
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Quartz Countertops
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- Covered Parking
- Assigned Parking
Outdoor Features
- In Ground Pool
- Airstrip
- Balcony
- Outdoor Storage
Utilities
- Central Air
- Separate Meters
- Public Hookup Available For Sewer
Listing and Financial Details
- Homestead Exemption
- Minimum Rental Period: 7
- Assessor Parcel Number 00073990-001800
Community Details
Overview
- Association fees include cable, common area mnt, building insurance, bldg exterior mnt, water, sewer
- 32 Units
- Key Colony Bch Club Subdivision
- Rental Restrictions
Recreation
- Boat Ramp
- Beach
- Bike Trail
Pet Policy
- Pet Restriction: See Condo Docs
Security
- Impact Glass
- Fire and Smoke Detector
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 23, 2024
Closed on
Jan 23, 2025
Sold by
Milovcich Richard and Milovcich Johanna
Bought by
501Kcb Llc
Seller's Agent
Teri Hiller
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Tierce Scheel
Coldwell Banker Schmitt Real Estate Co.
List Price
$795,000
Sold Price
$750,000
Premium/Discount to List
-$45,000
-5.66%
Views
33
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,455
Avg. Annual Appreciation
-0.87%
Original Mortgage
$600,000
Outstanding Balance
$598,933
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$147,612
Purchase Details
Closed on
Jul 27, 2023
Sold by
Key Colony Beach Club Inc
Bought by
Milovcich Richard and Milovcich Johanna
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 5, 2014
Bought by
Milovcich Richard and Milovcich Johanna
Purchase Details
Closed on
May 16, 2013
Sold by
Paulson William A and Paulson Martha
Bought by
Iberiabank
Purchase Details
Closed on
May 1, 2013
Sold by
Paulson William A and Paulson Martha
Bought by
Iberiabank
Purchase Details
Closed on
Jul 31, 2003
Bought by
Milovcich Richard and Milovcich Johanna
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $750,000 | None Listed On Document | |
| Warranty Deed | $750,000 | None Listed On Document | |
| Special Warranty Deed | -- | None Listed On Document | |
| Deed | $153,000 | -- | |
| Trustee Deed | -- | None Available | |
| Trustee Deed | -- | None Available | |
| Warranty Deed | $235,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $600,000 | New Conventional | |
| Closed | $600,000 | New Conventional | |
| Previous Owner | $300,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/24/2025 01/24/25 | Sold | $750,000 | -5.7% | $744 / Sq Ft |
| 07/23/2024 07/23/24 | For Sale | $795,000 | -- | $789 / Sq Ft |
Source: Marathon and Lower Keys Association of REALTORS®
Tax History Compared to Growth
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 | $1,274 | $556,226 | -- | $556,226 |
| 2023 | $1,274 | $78,153 | $0 | $78,153 |
| 2022 | $811 | $78,153 | $0 | $78,153 |
| 2021 | $846 | $78,153 | $0 | $78,153 |
| 2020 | $819 | $78,153 | $0 | $78,153 |
| 2019 | $820 | $78,153 | $0 | $78,153 |
| 2018 | $1,184 | $78,153 | $0 | $0 |
| 2017 | $2,194 | $196,610 | $0 | $0 |
| 2016 | $2,168 | $196,610 | $0 | $0 |
| 2015 | $1,917 | $157,081 | $0 | $0 |
| 2014 | $1,959 | $157,081 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Teri Hiller
Coldwell Banker Schmitt Real Estate Co.
(305) 481-0361
78 Total Sales
-
Seller Co-Listing Agent in 2025
Joshua Mothner
Coldwell Banker Schmitt Real Estate Co.
(305) 743-5181
174 Total Sales
-
Buyer's Agent in 2025
Tierce Scheel
Coldwell Banker Schmitt Real Estate Co.
(660) 619-3616
7 Total Sales
Map
Source: Marathon and Lower Keys Association of REALTORS®
MLS Number: 610859
APN: 00073990-001800
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