$599,000
SOLD FEB 14, 2025

581 E Ocean Dr Unit 19 Key Colony Beach, FL 33051

2 Beds
2 Baths
1,197 Sq Ft
$1,084/mo HOA Fee

Recently Sold

$500 Per Sq Ft

Highlights

  • Airstrip
  • Ocean Front
  • Beach
  • Coral Shores High School Rated A
  • Boat Ramp
  • Sandy Beach

About This Home

As of February 2025

For Statistical purposes ONLY. Sold during 30 day first right of refusal. Imagine waking up to the smell of the ocean & feeling the magical sea breezes that surround you while you gaze upon the water sparkling in the distance.... This DREAM can be your reality at this.... One-of-a-kind, 2 bed/2 bath GROUND floor, unit at SUNSET BEACH. A renowned co-op community with WEEKLY rentals allowed and a full time on site manager, this complex is also located on the Atlantic side of Key Colony Beach in the HEART Marathon, Key Colony Beach is a serene community known for its white sandy beaches and crystal-clear turquoise ocean. Unit 19 is just steps from both the sand and pool area.You will love seeing the mesmerizing open water views from the condo. You will appreciate the OPEN CONCEPT living, dining and kitchen area complete with IMPACT RESISTANT windows and doors! A spacious exterior patio awaits you, perfect for catching sun rays or sipping an afternoon margarita. Notable features of this unit include: ground floor with easy entry/exit and two seating areas allowing a fabulous view of the pool and ocean from the giant window! Tiled throughout with updated bedrooms/bathrooms and furniture.You will enjoy one of the few private fishing piers on the Key, a large private white sand beach, and a beautiful heated pool with grill. A modern white kitchen with GRANITE counter tops, 2 coastal ensuite bathrooms with vanities and mirrors. The washer and dryer conveniently located in the unit along with CENTRAL AC. Key Colony Beach has its own, Post Office, restaurants & tiki bars. The property is spacious with only 36 condos on a picturesque, manicured landscape.The unit comes with an assigned parking spaces with an owner's private storage unit. CALL TODAY - the location of #19 is highly sought after and inits rarely come onto the market at Sunset Beach and it will not last long!

Last Agent to Sell the Property

Monica Barrett

Coldwell Banker Schmitt Real Estate Co. License #SL3345718 Listed on: 02/14/2025

Coldwell Banker Schmitt Real Estate Co.

Co-Listed By

Rick Servais

Coldwell Banker Schmitt Real Estate Co. License #3238499

Last Buyer's Agent

Monica Barrett

Coldwell Banker Schmitt Real Estate Co. License #SL3345718 Listed on: 02/14/2025

Coldwell Banker Schmitt Real Estate Co.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,926

Year Built

  • Built in 1958 | Remodeled

Lot Details

  • Ocean Front
  • Sandy Beach
  • Fenced

HOA Fees

  • $1,084 Monthly HOA Fees

Parking

  • Assigned Parking

Interior Spaces

  • 1,197 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Blinds
  • Tile Flooring
  • Ocean Views
  • Monitored

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Pool Deck

Outdoor Features

  • Airstrip
  • Patio
  • Exterior Lighting

Utilities

  • Central Air
  • Heating Available
  • Separate Meters
  • Public Hookup Available For Sewer
  • Cable TV Available

Additional Features

  • Accessible Elevator Installed
  • Ground Level

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00074020-002800

Community Details

Overview

  • Association fees include cable, common area mnt, building insurance, bldg exterior mnt, water, sewer
  • Sunset Beach Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Boat Ramp
  • Beach
  • Tennis Courts
  • Bike Trail

Pet Policy

  • No Pets Allowed

Security

  • Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,926

Year Built

Built in 1958 | Remodeled

Lot Details

0

HOA Fees

$1,084 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Approval Required: Yes
  • Association Fee: 3253.00
  • 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: N/A
  • Mile Marker: 53.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp, Bike Paths, Airstrip, Other Area Features, Beach, Tennis Courts
  • Off Shore Island: No
  • Pets: No Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 4926.48
  • Title: Title Ins - Buyer
  • Vehicle Storage: Assigned Parking
  • Year Built: 1958
  • Alternate Key Number: 8588861
  • Building Style: Ground Level
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 69750.00
  • Pool Info: In Ground, Decked, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Patio
  • Association Maintenance Fee Per: Quarterly
  • Association Info Condo Docs: Yes
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: No
  • Building Style Stories: 2 Stories
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 1197.00
  • Pre Wired: Cable
  • Financial Status Standard Sale: Yes
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Unit Complex: Unit
  • Statistical Purposes Only: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Granite Counter Top, Walk-in Closet(s), Smoke Alarms
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 2
  • Accessibility Features: Accessible Elevator Installed

Exterior Features

  • Dockage: None
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Fencing, Sandy Beach, Lighting
  • Roof: Combo Roof, Other Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: Patrolled Area
  • Utilities: FKAA, Elect Separate Meter, Cable Available, Buyer to Verify, Municipal Sewer
  • Heating: Electric

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: AE,AE,VE,VE,AE
  • Parcel Number: 00074020-002800
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 1, 2013
Bought by
Detro Douglas A Trust 12/28/2012
Current Estimated Value
$601,398

Purchase Details

Closed on
Dec 20, 2011
Bought by
Detro Douglas A Trust 12/28/2012

Purchase Details

Closed on
Apr 1, 1997
Bought by
Detro Douglas A Trust 12/28/2012
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Deed $220,000 --
Warranty Deed $125,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $85,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2025 02/14/25 Sold $599,000 0.0% $500 / Sq Ft
02/14/2025 02/14/25 Pending -- -- --
02/14/2025 02/14/25 For Sale $599,000 +5.1% $500 / Sq Ft
04/18/2022 04/18/22 Sold $570,000 +2.7% $476 / Sq Ft
03/28/2022 03/28/22 Pending -- -- --
01/13/2022 01/13/22 Price Changed $555,000 -3.5% $464 / Sq Ft
12/11/2021 12/11/21 For Sale $575,000 -- $480 / Sq Ft
Source: Marathon and Lower Keys Association of REALTORS®

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 $4,926 $457,756 -- $457,756
2023 $4,926 $457,756 $0 $457,756
2022 $3,595 $366,062 $0 $366,062
2021 $3,239 $276,275 $0 $276,275
2020 $3,137 $276,275 $0 $276,275
2019 $2,224 $189,639 $0 $189,639
2018 $2,219 $189,639 $0 $0
2017 $2,828 $305,869 $0 $0
2016 $2,804 $305,869 $0 $0
2015 $2,291 $195,853 $0 $0
2014 $2,343 $195,853 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 613709

APN: 00074020-002800