M
Seller's Agent in 2023
Monica Barrett
Coldwell Banker Schmitt Real Estate Co.
(305) 289-6554
251 Total Sales
501 E Ocean Dr Unit 32 Key Colony Beach, FL 33051
Estimated Value: $801,677
2
Beds
2
Baths
1,001
Sq Ft
2
Acres
About This Home
As of September 2023Dreams do come true and this is the unit you have been waiting for! You will fall in love... with the unobstructed OPEN WATER views and the sounds of the waves at this one-of-a-kind, 2 bed/2 bath, brand NEW OCEAN FRONT PENTHOUSE. The construction is nearing completion and is ready to call your new island retreat! You will notice ocean views from every angle & will truly appreciate the OPEN CONCEPT living, dining & kitchen complete with impact resistant windows & doors! An expansive direct ocean front balcony awaits you, with plenty of room for soaking in the sun & sea breezes along with 9 ft tall ceilings to allow for plenty of light to pour in. Notable features of this unit include; one of only two, ocean front penthouses at the complex, new modern kitchen with stainless steel appliances and quartz counter tops, new luxury vinyl plank flooring thought-out. 2 coastal modern ensuite tiled walk-in showers with vanities & mirrors. Washer & Dryer conveniently located in the guest suite and central Air with new ceiling fans. The unit is just steps to the white sandy beach ... & gorgeous blue water and close to the heart of Key Colony Beach. Weekly vacation rentals are allowed. Elevator located in the building. The unit comes with two assigned & covered parking spaces with a private owner's storage. Call us today, the location of this unit is highly sought after and will not last long! This is your opportunity to be the first to make this NEW Ocean Front Penthouse yours! *Pool and courtyard landscaping anticipated completion Sept 2023. Condo association will be finalized by end of August. Key Colony Beach Club is located in a very safe and family friendly neighborhood with plenty of outdoor activities and local restaurants to enjoy. Other notable feature include, Par 3 golf course, tennis courts, sunset park, bike & walking paths. Non member agents must call the listing agent for commission % prior to showing.
Last Listed By
Coldwell Banker Schmitt Real Estate Co. License #SL3345718 Listed on: 07/13/2023
Property Details
Home Type
Condominium
Est. Annual Taxes
$1,502
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: 3000.00
- Mandatory HOA: Yes
- Document Count: 3
- 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: Community Pool, Bike Paths, Airstrip, Other Area Features, Beach, Manager on Premises, Community Boat Ramp
- Off Shore Island: No
- Pets W Restrictions: YES
- Property Group I D: 19990816212109142258000000
- Sale Terms: Cash
- Side: Ocean
- State Province: FL
- Taxes: 1036.97
- Title: Title Ins - Buyer
- Vehicle Storage: Carport, Guest Parking, Assigned Parking
- Vehicle Storage Cars: 2
- Year Built: 2023
- Alternate Key Number: 8556004
- 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, Deck
- Association Maintenance Fee Per: Quarterly
- Species List: Yes
- Tax Exemptions: None
- Building Style Above Flood: Yes
- Building Style Stories: 2 Stories
- Estimated Living Sq Ft: 1001.00
- Pre Wired: Cable
- Property Condition: New Construction
- Sewer Hook Up: Yes
- Unit Complex: Unit
- Statistical Purposes Only: No
- Special Features: NewHome
- Property Sub Type: Condos
- Stories: 2
Interior Features
- Interior Amenities: Elevator, Quartz Countertops
- Total Bathrooms: 2.00
- Full Bathrooms: 2
- Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
- Floor: Vinyl
- Specialty Rooms: Laundry Room
- Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
- Total Bedrooms: 2
Exterior Features
- Dockage: None
- Waterfront: Oceanfront, Open Water
- Waterfront: Yes
- Construction: CBS, Combo Construction, Frame
- Exterior Features: Sandy Beach, Storage
- Waterview: Ocean View, Open Water View
- Pool: Yes
Utilities
- Security: Patrolled Area
- Utilities: FKAA, Elect Separate Meter, Buyer to Verify
Lot Info
- Deed Restrictions: Yes
- Flood Zone: AE,AE,VE,VE,AE
- Parcel Number: 00073990-003200
- 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 13, 2023
Closed on
Sep 18, 2023
Sold by
Key Colony Beach Llc
Bought by
Ndj Partners Llc
Seller's Agent
Monica Barrett
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Lisa Ferringo
Coldwell Banker Schmitt Lower Keys (KW)
List Price
$965,000
Sold Price
$890,000
Premium/Discount to List
-$75,000
-7.77%
Total Days on Market
25
Views
79
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
-$88,323
Avg. Annual Appreciation
-2.94%
Purchase Details
Listed on
Jul 13, 2023
Closed on
Sep 8, 2023
Sold by
Juliann F Kohl Trust
Bought by
Key Colony Beach Llc
Seller's Agent
Monica Barrett
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Lisa Ferringo
Coldwell Banker Schmitt Lower Keys (KW)
List Price
$965,000
Sold Price
$890,000
Premium/Discount to List
-$75,000
-7.77%
Views
79
Purchase Details
Closed on
Dec 1, 1983
Bought by
Key Colony Beach Club Inc
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ndj Partners Llc | $890,000 | None Listed On Document | |
| Key Colony Beach Llc | $101,000 | None Listed On Document | |
| Key Colony Beach Club Inc | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/18/2023 09/18/23 | Sold | $890,000 | -7.8% | $889 / Sq Ft |
| 08/07/2023 08/07/23 | Pending | -- | -- | -- |
| 07/13/2023 07/13/23 | For Sale | $965,000 | -- | $964 / 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 | $1,502 | $726,911 | -- | $726,911 |
| 2023 | $1,502 | $101,851 | $0 | $101,851 |
| 2022 | $1,037 | $101,851 | $0 | $101,851 |
| 2021 | $1,083 | $101,851 | $0 | $101,851 |
| 2020 | $1,039 | $101,851 | $0 | $101,851 |
| 2019 | $983 | $101,851 | $0 | $101,851 |
| 2018 | $1,404 | $101,851 | $0 | $0 |
| 2017 | $2,394 | $256,230 | $0 | $0 |
| 2016 | $2,376 | $256,230 | $0 | $0 |
| 2015 | $1,917 | $157,081 | $0 | $0 |
| 2014 | $1,959 | $157,081 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Monica Barrett
-
Rick Servais
Seller Co-Listing Agent in 2023
Rick Servais
Coldwell Banker Schmitt Real Estate Co.
(305) 433-0349
239 Total Sales
-
Lisa Ferringo
Buyer's Agent in 2023
Lisa Ferringo
Coldwell Banker Schmitt Lower Keys (KW)
(305) 797-1221
632 Total Sales
Map
Similar Homes in Key Colony Beach, FL
Source: Marathon and Lower Keys Association of REALTORS®
MLS Number: 605953
APN: 00073990-003200
Nearby Homes
- 501 E Ocean Dr Unit 17
- 211 5th St
- 232 Sadowski Causeway
- 601 W Ocean Dr Unit 410
- 601 W Ocean Dr Unit 203A
- 601 W Ocean Dr Unit 414D
- 240 Sadowski Causeway
- 241 & 251 5th St
- 242 Sadowski Causeway
- 721 W Ocean Dr
- 320 5th St
- 171 3rd St
- 431 5th St
- 298 Sadowski
- 260 3rd St
- 201 E Ocean Dr Unit 209
- 201 E Ocean Dr Unit 110
- 201 E Ocean Dr Unit 310
- 230 Sadowski Causeway
- 18 7th St