501 E Ocean Dr Unit 22 Key Colony Beach, FL 33051
Estimated Value: $654,000 - $810,000
2
Beds
2
Baths
1,001
Sq Ft
2
Acres
About This Home
As of January 2024SELLER FINANCING now offered on your dream coastal retreat, #22 Key Colony Bch Club! Nestled in picturesque Key Colony Beach, this spacious and airy 2 Bedroom/2 Bath is ready to offer you an unparalleled waterfront living experience. Be the first to call this stunning top floor residence home and embrace a lifestyle of luxury, relaxation and breathtaking ocean views. Open concept living, abundant natural light and expansive private balcony overlooking the Atlantic Ocean, landscaped courtyard and sparkling pool. Brand new construction, never lived in; built to meet all of today's building codes, including the ability to withstand a Cat 5+ hurricane. Low HOA fees of only $1,000 month includes building insurance! Weekly vacation rentals permitted. Elevator building, two dedicated/covered parking spaces and private storage. Don't miss out on this incredible opportunity to own a brand new, never been lived in, oceanfront condo in Key Colony Beach.
Property Details
Home Type
Condominium
Est. Annual Taxes
$899
Year Built
2023
Lot Details
0
Listing Details
- Property Type: Residential
- Style: Condo
- As Is Right To Inspect: Yes
- First Right of Refusal: No
- Association Fee: 4000.00
- Mandatory HOA: Yes
- 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: Manager on Premises, Bike Paths, Airstrip, Beach, Fire Hydrant
- Off Shore Island: No
- Pets W Restrictions: Owners Only
- Property Group I D: 19990816212109142258000000
- Sale Terms: Seller Finance
- Side: Ocean
- State Province: FL
- Taxes: 892.10
- Vehicle Storage: Assigned Parking, Covered Parking, Off Street Parking
- Vehicle Storage Cars: 2
- Year Built: 2023
- Alternate Key Number: 8555903
- Building Style Stilt Column Height: Tall - 10Ft & Over
- Cooling Heating: Central Air, Ceiling Fans(s)
- Pool Info: In Ground, Concrete
- 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: 1001.00
- Pre Wired: Cable
- Property Condition: New Construction
- Sewer Hook Up: Yes
- Unit Complex: Complex
- Statistical Purposes Only: No
- Special Features: NewHome
- Property Sub Type: Condos
Interior Features
- Interior Amenities: Fire Sprinkler, Quartz Countertops, Walk-in Closet(s), Smoke Alarms
- Total Bathrooms: 2.00
- Full Bathrooms: 2
- Appliances: Washer, Disposal, Microwave, Range, Refrigerator, Dishwasher, Dryer
- Floor: Laminate
- Specialty Rooms: Laundry Room
- Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
- Total Bedrooms: 2
Exterior Features
- Dockage: None
- Waterfront: Oceanfront
- Waterfront: Yes
- Construction: Concrete
- Exterior Features: Shed
- Waterview: Ocean View
- Pool: Yes
Utilities
- Security: No Security
- Utilities: Buyer to Verify, Elect Separate Meter
Lot Info
- Deed Restrictions: Unknown
- Flood Zone: AE,AE,VE,VE,AE
- Parcel Number: 00073990-002200
- Land Size: Less Than 1/4 Acre
Rental Info
- Rentals Allowed: Yes
- Furnished: Unfurnished
Tax Info
- Tax Year: 2022
Multi Family
- Total Units: 32.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 5, 2023
Closed on
Mar 12, 2024
Sold by
Cortes Celia
Bought by
Kcbc 22 Llc
Seller's Agent
Karen Raspe, PA
Ocean Sotheby's International
Buyer's Agent
Melanie Horowitz
Better Homes and Gardens Real Estate Destinations
List Price
$879,000
Sold Price
$800,000
Premium/Discount to List
-$79,000
-8.99%
Total Days on Market
194
Views
87
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
-$64,678
Avg. Annual Appreciation
-6.37%
Original Mortgage
$560,000
Interest Rate
6.61%
Mortgage Type
Seller Take Back
Purchase Details
Listed on
Jul 5, 2023
Closed on
Jan 29, 2024
Sold by
Carlson David A and Carlson Nancy E
Bought by
Cortes Celia
Seller's Agent
Karen Raspe, PA
Ocean Sotheby's International
Buyer's Agent
Melanie Horowitz
Better Homes and Gardens Real Estate Destinations
List Price
$879,000
Sold Price
$800,000
Premium/Discount to List
-$79,000
-8.99%
Views
87
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.61%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Apr 10, 2015
Bought by
Carlson David A and Carlson Nancy E
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Similar Homes in Key Colony Beach, FL
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kcbc 22 Llc | -- | Home Title | |
| Kcbc 22 Llc | -- | Home Title | |
| Cortes Celia | $800,000 | Home Title | |
| Carlson David A | $232,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Cortes Celia | $560,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/26/2024 01/26/24 | Sold | $800,000 | -5.8% | $799 / Sq Ft |
| 09/30/2023 09/30/23 | Price Changed | $849,000 | -3.4% | $848 / Sq Ft |
| 07/05/2023 07/05/23 | For Sale | $879,000 | -- | $878 / 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 | $899 | $611,706 | -- | $611,706 |
| 2023 | $899 | $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 | $2,301 | $198,414 | $0 | $0 |
| 2017 | $2,426 | $218,037 | $0 | $0 |
| 2016 | $2,513 | $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
-
Karen Raspe, PA
Seller's Agent in 2024
Karen Raspe, PA
Ocean Sotheby's International
(305) 393-9010
226 Total Sales
-
Tracy Chacksfield
T
Seller Co-Listing Agent in 2024
Tracy Chacksfield
Berkshire Hathaway HomeServices Keys Real Estate
(312) 350-4601
65 Total Sales
-
Buyer's Agent in 2024
Melanie Horowitz
Better Homes and Gardens Real Estate Destinations
(305) 998-8078
10 Total Sales
Map
Source: Marathon and Lower Keys Association of REALTORS®
MLS Number: 605910
APN: 00073990-002200
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