NOT LISTED FOR SALE

501 E Ocean Dr Unit 24 Key Colony Beach, FL 33051

Estimated Value: $664,000 - $760,121

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

Last Sold May 18, 2024

Last sale price $720,000 $745 Per Sq Ft

Current estimated payment $5,096/month

93 Days on Market

Highlights

  • Ocean Front
  • New Construction
  • Elevator
  • Coral Shores High School Rated A
  • Heated Community Pool
  • Balcony

About This Home

As of May 2024

Entering unit #24, you are greeted with luxurious 9ft ceilings, neutral vinyl floors throughout and the kitchen and living room that offer an elevated impression. The white shaker cabinets, SS appliances, white quartz countertops and kitchen island are accompanied by a breakfast nook/bar area with ocean views that lead to the guest suite equipped with a shower/tub in the bathroom and a stacked washer/dryer in the walk in closet. This rare opportunity to own a unit that has never been lived in also allows 7 day rentals. Key Colony Beach Club marked amenities include oceanfront pool, viewing pier, 2 designated undercover parking spaces, ground level storage unit, and elevator. Don't miss out on the Best Priced Unit in the Complex!

Last Agent to Sell the Property

Will Langley

Langley Knight Gardner Islamorada License #3487608 Listed on: 02/06/2024

Langley Knight Gardner Islamorada

Last Buyer's Agent

NON-MLS MEMBER

MAR NON MLS MEMBER License #SEF

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $892

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 2

HOA Fees

  • $1,000 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 2-Story Property
  • Vinyl Flooring
  • Direct Ocean Views
  • Dryer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Outdoor Features

  • Property has ocean access
  • Balcony

Additional Features

  • Ocean Front
  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 8555920

Community Details

Overview

  • Club Membership Required
  • Kety Colony Beach Club Condos
  • Key Colony Bch Club Subdivision

Amenities

  • Elevator
  • Community Storage Space

Recreation

  • Heated Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$892

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$1,000 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2022
  • Property Sub Type: Condominium
  • Entry Level: 3
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Unrestricted Salt Water Access
  • New Construction: Yes
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: Key Colony Bch Club
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: Yes
  • ResoPropertyType: Residential
  • Special Features: 4098

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator
  • Interior Amenities: Second Floor Entry
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Vinyl
  • Furnished: Unfurnished
  • Possible Use: Unknown/Withheld
  • Stories: 2
  • Bedroom Features: None

Exterior Features

  • View: Ocean View, Direct Ocean
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: Yes
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Kety Colony Beach Club
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Covered, Other

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Alarm

Condo/Co-op/Association

  • Association Fee: 1000
  • Amenities: Elevator(s), Exterior Lighting, Storage, Heated Pool, Pool, Private Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 8555920
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 892

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2024
Closed on
May 15, 2024
Sold by
Helen C De Vogelaere Living Trust and Devogelaere Donald J
Bought by
Fowler Michael and Fowler Stephanie
Seller's Agent
Will Langley
Langley Knight Gardner Islamorada
Buyer's Agent
NON-MLS MEMBER
MAR NON MLS MEMBER
List Price
$789,000
Sold Price
$720,000
Premium/Discount to List
-$69,000
-8.75%
Views
171
Current Estimated Value
$721,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,280
Avg. Annual Appreciation
3.98%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Fowler Michael $720,000 Coral Reef Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2024 05/18/24 Sold $720,000 -8.7% $745 / Sq Ft
05/10/2024 05/10/24 Pending -- -- --
02/06/2024 02/06/24 For Sale $789,000 -- $817 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $624,500 -- $624,500
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 $2,301 $198,414 $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

  • Will Langley

    Seller's Agent in 2024

    Will Langley

    Langley Knight Gardner Islamorada

    (305) 902-2447

    119 Total Sales

    Will Langley
    Section Image

  • N

    Buyer's Agent in 2024

    NON-MLS MEMBER

    MAR NON MLS MEMBER

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11528594

MIAMI REALTORS® MLS

APN: 00073990-002400

Florida Monroe County Key Colony Beach 33051

501 E Ocean Dr Unit 24, Key Colony Beach, FL

This home is located at 501 E Ocean Dr Unit 24, Key Colony Beach, FL 33051 since 06 February 2024 and is currently estimated at $721,280, approximately $746 per square foot. This property was built in 2022. 501 E Ocean Dr Unit 24 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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