$799,000
NEW CONSTRUCTION $16K PRICE DROP

501 E Ocean Dr Unit 9 Key Colony Beach, FL 33051

Estimated payment $6,257/month

Total Views 7,124
2 Beds
2 Baths
972 Sq Ft
$822 Price per Sq Ft

Highlights

  • Airstrip
  • Ocean Front
  • Sandy Beach
  • Coral Shores High School Rated A
  • Beach
  • New Construction

About This Home

Rarely does a 2023 oceanfront masterpiece become available in the heart of the Middle Keys with the highly coveted ability to offer weekly rentals. Welcome to Key Colony Beach Club, the newest premier community in the area. This turn-key 2-bedroom, 2-bathroom residence offers the ultimate in modern coastal living, featuring high-impact glass, 9-foot ceilings, and a layout designed to maximize natural light. The spacious private balcony sits so close to the Atlantic that the ocean becomes your front yard, providing the perfect backdrop for sunrises and evening breezes. Both the primary suite and living area offer direct, unobstructed views of the turquoise waters. Sold fully furnished and currently operating as a high-performing vacation rental, this property is ready for immediate enjoyment or income. Community amenities include a heated oceanfront pool, private sandy beach, Tiki huts, an elevator, and a new fishing pier currently under construction. Owners also benefit from a private storage closet and covered parking for two vehicles. The quarterly HOA is inclusive of cable, Wi-Fi, water, and building insurance. Embrace the walkable Key Colony Beach lifestyle with easy access to golf, pickleball, marinas, and fine dining. This is the modern island retreat you have been waiting for.

Listing Agent

Aryl and Pati Robison

RE/MAX All Keys Real Estate License #3148458 Listed on: 09/16/2025

RE/MAX All Keys Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,793

Year Built

  • Built in 2023 | New Construction

Lot Details

  • Ocean Front
  • Sandy Beach
  • Sprinkler System

HOA Fees

  • $1,542 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Concrete Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 972 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Storage
  • Ocean Views

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Quartz Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 2 Parking Spaces
  • Carport
  • Off-Street Parking
  • Assigned Parking

Pool

  • Concrete Pool
  • In Ground Pool

Outdoor Features

  • Airstrip
  • Balcony
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Public Hookup Available For Sewer
  • Community Sewer or Septic
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00073990-000900

Community Details

Overview

  • Association fees include cable, common area mnt, building insurance, bldg exterior mnt, water, sewer
  • 32 Units
  • Key Colony Bch Club Subdivision

Recreation

  • Beach
  • Tennis Courts
  • Bike Trail

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Resident Manager or Management On Site
  • Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,793

Year Built

Built in 2023 | New Construction

Lot Details

2 Acres

HOA Fees

$1,542 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: Yes
  • Association Fee: 1541.58
  • 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: Tennis Courts, Bike Paths, Airstrip, Beach, Manager on Premises
  • Off Shore Island: No
  • Pets W Restrictions: Owners Only - 2 pets
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 4793.44
  • Title: Title Ins - Buyer
  • Vehicle Storage: Carport, Covered Parking, Off Street Parking, Assigned Parking
  • Vehicle Storage Cars: 2
  • Year Built: 2023
  • Alternate Key Number: 8555776
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Pool Info: In Ground, Concrete
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: Yes
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 972.00
  • Pre Wired: Cable
  • G F Interior Features: Tankless Hot Wtr Htr
  • 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: Drapes/Blinds Incl, Smoke Alarms, Quartz Countertops, Walk-in Closet(s), Storage, Split Bedroom
  • Floor Number: 2.00
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Refrigerator, Dishwasher, Dryer
  • Windows/Doors: Sliding Glass Doors, Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: Oceanfront
  • Waterfront: Yes
  • Construction: Concrete
  • Exterior Features: Lighting, Storage, Sprinkler System, Sandy Beach
  • Roof: Concrete Roof
  • Waterview: Ocean View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Cable Available, Buyer to Verify, Municipal Sewer, Community Swr Plant
  • Heating: Central, Electric

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE,VE,VE,AE
  • Parcel Number: 00073990-000900
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2024

Multi Family

  • Total Units: 32.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $4,793 $647,500 -- $647,500
2024 $1,367 $598,416 -- $598,416
2023 $1,367 $87,820 $0 $87,820
2022 $903 $87,820 $0 $87,820
2021 $943 $87,820 $0 $87,820
2020 $912 $87,820 $0 $87,820
2019 $913 $87,820 $0 $87,820
2018 $1,274 $87,820 $0 $0
2017 $2,276 $220,931 $0 $0
2016 $2,253 $220,931 $0 $0
2015 $1,917 $157,081 $0 $0
2014 $1,959 $157,081 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/03/2025 10/03/25 Price Changed $799,000 -2.0% $822 / Sq Ft
09/16/2025 09/16/25 For Sale $815,000 +4.8% $838 / Sq Ft
05/07/2024 05/07/24 Sold $777,500 -2.8% $777 / Sq Ft View Prior Sale
04/23/2024 04/23/24 Pending -- -- --
03/26/2024 03/26/24 Price Changed $799,980 -4.7% $799 / Sq Ft
12/12/2023 12/12/23 Price Changed $839,000 -1.9% $838 / Sq Ft
09/28/2023 09/28/23 For Sale $855,000 -- $854 / Sq Ft
Source: Florida Keys Board of REALTORS®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $777,500 None Listed On Document
Special Warranty Deed -- None Listed On Document
Warranty Deed $205,000 --
Quit Claim Deed -- --
Source: Public Records

Source: Florida Keys Board of REALTORS®

MLS Number: 616514

Florida Keys Board of REALTORS®

APN: 00073990-000900

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