Seller's Agent in 2024
Ally Kelley
Ocean Sotheby's International
(305) 735-4095
135 Total Sales
501 E Ocean Dr Unit 5 Key Colony Beach, FL 33051
Estimated Value: $750,000 - $799,000
2
Beds
2
Baths
1,001
Sq Ft
2
Acres
About This Home
As of May 2024Motivated Sellers! Be inspired with ultra luxury island living at newly constructed Key Colony Beach Club, both buildings completed in 2023. This East-facing, two-bedroom, two-bathroom 2nd floor condo in Building 1 is the third unit in from the Ocean! Features just over 1,000 square feet of living with oceanfront views from the open air balcony that expands the entire width of the residence. Weekly 7-day rentals permitted. Immediately upon stepping foot through the front door, you are greeted with 9 foot ceilings, and exquisite views of the Atlantic Ocean from the impact resistant sliding doors. A light and bright aesthetic allows further customization of any coastal decor you please (virtually staged photos give inspiration). Gourmet kitchen features a center island, white shaker-style cabinets topped with white quartz countertops, stainless steel appliances, and an open concept that flows effortlessly into the expansive living area. Dining nook and bar seating allows seating for all. Luxury vinyl plank flooring throughout. Greet each day with stunning ocean views and sunrises from the East in the primary bedroom that also features floor to ceiling impact sliders and access to the open air balcony. Primary bathroom houses a step-in tiled shower with glass enclosure and quartz topped vanity. Guest bedroom is located just off of the kitchen with washer dryer in the walk in closet and a bathtub/shower combo in the guest bathroom. Key Colony Beach Club's amenities are almost complete: in-ground concrete pool, white sandy beach, and courtyard landscaping. Elevator allows easy access to the second floor from the covered carport parking for two vehicles. Live and play in Key Colony Beach with all that this municipality has to offer: 9-hole golf course, tennis & pickle ball courts, 2 playgrounds, new dog park, Oceanfront ''Sunset Park'', boat trailer parking, City Hall, Post Office, Police Department, plus restaurants, Cabana Club, shopping, and marina!
Property Details
Home Type
Condominium
Est. Annual Taxes
$1,402
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
- Document Count: 2
- Fee Includes: Sewer, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Water, Exterminating
- 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, Beach, Manager on Premises
- Pets W Restrictions: Owners only
- Property Group I D: 19990816212109142258000000
- Sale Terms: Cash
- Side: Ocean
- State Province: FL
- Taxes: 937.62
- Vehicle Storage: Assigned Parking, Covered Parking, Off Street Parking
- Vehicle Storage Cars: 2
- Year Built: 2023
- Alternate Key Number: 8555733
- Cooling Heating: Ceiling Fans(s)
- Pool Info: In Ground, Concrete
- Porch Balcony: Open Porch/Balcony
- Association Maintenance Fee Per: Quarterly
- Association Info Condo Docs: Yes
- Tax Exemptions: None
- Building Style Above Flood: Yes
- Estimated Living Sq Ft: 1001.00
- Property Condition: New Construction
- Sewer Hook Up: Yes
- Unit Complex: Unit
- Statistical Purposes Only: No
- Special Features: NewHome
- Property Sub Type: Condos
Interior Features
- Interior Amenities: Storage, Quartz Countertops, Walk-in Closet(s)
- Floor Number: 2.00
- Total Bathrooms: 2.00
- Full Bathrooms: 2
- Appliances: Washer, Stainless Steel Appliance(s), Disposal, Microwave, Oven, Refrigerator, Dishwasher, Dryer
- Floor: Vinyl
- Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
- Total Bedrooms: 2
Exterior Features
- Dockage: None
- Waterfront: Oceanfront, Open Water
- Waterfront: Yes
- Construction: Concrete, ICFs (Insulated Concrete Forms), Combo Construction
- Exterior Features: Sandy Beach, Storage
- Roof: Metal Roof, Concrete Roof
- Waterview: Ocean View, Open Water View
- Pool: Yes
Utilities
- Security: Patrolled Area
- Utilities: FKAA, Cable Available, Elect Separate Meter, Buyer to Verify
Lot Info
- Deed Restrictions: Unknown
- Parcel Number: 00073990-000500
- Land Size: 1 Less Than 2 Acres
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 22, 2023
Closed on
May 8, 2024
Sold by
Broadstone Ronald D and Broadstone Patricia A
Bought by
Kokomo Travel Group Llc
Seller's Agent
Ally Kelley
Ocean Sotheby's International
Buyer's Agent
Monica Barrett
Coldwell Banker Schmitt Real Estate Co.
List Price
$899,000
Sold Price
$750,000
Premium/Discount to List
-$149,000
-16.57%
Total Days on Market
267
Views
119
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
$17,816
Avg. Annual Appreciation
1.87%
Purchase Details
Closed on
Jul 27, 2023
Sold by
Key Colony Beach Club Inc
Bought by
Broadstone Ronald D and Broadstone Patricia A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
6.78%
Mortgage Type
Balloon
Purchase Details
Closed on
Dec 5, 2011
Bought by
Broadstone Ronald D
Purchase Details
Closed on
Jan 22, 2007
Bought by
Broadstone Ronald D
Purchase Details
Closed on
Oct 1, 1988
Bought by
Broadstone Ronald D
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kokomo Travel Group Llc | $750,000 | None Listed On Document | |
| Broadstone Ronald D | -- | None Listed On Document | |
| Broadstone Ronald D | $199,000 | -- | |
| Broadstone Ronald D | $375,000 | -- | |
| Broadstone Ronald D | $125,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Broadstone Ronald D | $395,000 | |
| Previous Owner | Broadstone Ronald D | $150,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/07/2024 05/07/24 | Sold | $750,000 | -9.5% | $749 / Sq Ft |
| 04/14/2024 04/14/24 | Pending | -- | -- | -- |
| 02/16/2024 02/16/24 | Price Changed | $829,000 | -4.6% | $828 / Sq Ft |
| 12/30/2023 12/30/23 | Price Changed | $869,000 | -1.1% | $868 / Sq Ft |
| 09/25/2023 09/25/23 | Price Changed | $879,000 | -1.1% | $878 / Sq Ft |
| 08/12/2023 08/12/23 | Price Changed | $889,000 | -1.1% | $888 / Sq Ft |
| 07/22/2023 07/22/23 | For Sale | $899,000 | -- | $898 / 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 | $1,402 | $649,435 | -- | $649,435 |
| 2023 | $1,402 | $91,442 | $0 | $91,442 |
| 2022 | $938 | $91,442 | $0 | $91,442 |
| 2021 | $979 | $91,442 | $0 | $91,442 |
| 2020 | $947 | $91,442 | $0 | $91,442 |
| 2019 | $948 | $91,442 | $0 | $91,442 |
| 2018 | $1,308 | $91,442 | $0 | $0 |
| 2017 | $2,306 | $230,043 | $0 | $0 |
| 2016 | $2,285 | $230,043 | $0 | $0 |
| 2015 | $1,917 | $157,081 | $0 | $0 |
| 2014 | $1,959 | $157,081 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Ally Kelley
-
Bill Paulson
Seller Co-Listing Agent in 2024
Bill Paulson
Ocean Sotheby's International
(305) 735-4095
11 Total Sales
-
Monica Barrett
M
Buyer's Agent in 2024
Monica Barrett
Coldwell Banker Schmitt Real Estate Co.
(305) 289-6554
251 Total Sales
Map
Similar Homes in Key Colony Beach, FL
Source: Marathon and Lower Keys Association of REALTORS®
MLS Number: 606074
APN: 00073990-000500
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