NOT LISTED FOR SALE

601 W Ocean Dr Unit 302B Key Colony Beach, FL 33051

Estimated Value: $574,126 - $696,000

2 Beds
2 Baths
1,234 Sq Ft
$519/Sq Ft Est. Value

Last Sold December 15, 2023

Last sale price $625,000 $506 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,360/month

93 Days on Market

Highlights

  • Airstrip
  • Sandy Beach
  • Waterfront
  • Coral Shores High School Rated A
  • Concrete Pool
  • Fruit Trees

About This Home

As of December 2023

This home is located at 601 W Ocean Dr Unit 302B, Key Colony Beach, FL 33051 since 09 August 2023 and is currently estimated at $640,032, approximately $518 per square foot. This property was built in 1975. 601 W Ocean Dr Unit 302B is a home located in Monroe County with nearby schools including Stanley Switlik Elementary School, Marathon Middle High School, and Coral Shores High School.

Last Agent to Sell the Property

Steve Mckeon

Gail's Island Realty, Inc. License #3109563 Listed on: 08/09/2023

Last Buyer's Agent

Steve Mckeon

Keys Island Realty, Inc.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,282

Year Built

  • Built in 1975

Lot Details

  • Waterfront
  • Sandy Beach
  • Fenced
  • Sprinkler System
  • Fruit Trees

HOA Fees

  • $1,400 Monthly HOA Fees

Home Design

  • Pre-Cast Concrete Construction

Interior Spaces

  • 1,234 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Single Hung Windows
  • Casement Windows
  • Sliding Doors
  • Storage
  • Tile Flooring

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Guest Parking
  • Assigned Parking

Accessible Home Design

  • Accessible Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool

Outdoor Features

  • Airstrip
  • Exterior Lighting
  • Outdoor Storage
  • Tiki or Chickee Hut
  • Rain Gutters

Utilities

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

Listing and Financial Details

  • Minimum Rental Period: 14
  • Assessor Parcel Number 00078330-002300

Community Details

Overview

  • Association fees include cable, security, common area mnt, building insurance, bldg exterior mnt, sewer
  • 50 Units
  • Cay Condo Subdivision
  • The community has rules related to vehicle restrictions
  • Rental Restrictions

Recreation

  • Bike Trail

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site
  • Complete Accordion Shutters
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,282

Year Built

Built in 1975

Lot Details

0

HOA Fees

$1,400 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: No
  • First Right of Refusal: No
  • Association Approval Required: No
  • Association Fee: 4200.00
  • Mandatory HOA: No
  • Fee Includes: Cable, Other, Security, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Sewer
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key Colony
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 53.50
  • Min Rental Days: 14.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Manager on Premises, Airstrip, Bike Paths, Fire Hydrant
  • Pets: No Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 4281.63
  • Title: Title Ins - Buyer
  • Vehicle Storage: Assigned Parking, Vehicle Restrictions, Guest Parking
  • Year Built: 1975
  • Alternate Key Number: 1084301
  • Building Style: Townhouse
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Pool Info: In Ground, Concrete
  • Pool Info Heated: Yes
  • Association Maintenance Fee Per: Quarterly
  • Shutters: Accordion
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1234.00
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Smoke Alarms, Window Treatments, Storage
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Windows/Doors: Single Hung Windows, Casement, Sliding Glass Doors
  • Total Bedrooms: 2
  • Accessibility Features: Parking

Exterior Features

  • Dockage: None
  • Waterfront: Open Water
  • Waterfront: No
  • Construction: CBS, Concrete
  • Exterior Features: Chickee Hut, Storage, Sprinkler System, Sandy Beach, Lighting, Rain Gutters, Fruit Tree(s), Fencing
  • Roof: Other Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Cable Available, Elect Separate Meter, Municipal Sewer, Community Swr Plant
  • Heating: Electric

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE,AE,AE,VE
  • Parcel Number: 00078330-002300
  • Land Size: 1 Less Than 2 Acres

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2022

Multi Family

  • Total Units: 50.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2023
Closed on
Dec 15, 2023
Sold by
Matejek Kenneth and Matejek Rebecca
Bought by
Brown Joyce H
Seller's Agent
Steve Mckeon
Gail's Island Realty, Inc.
Buyer's Agent
Steve Mckeon
Keys Island Realty, Inc.
List Price
$640,000
Sold Price
$625,000
Premium/Discount to List
-$15,000
-2.34%
Views
114
Current Estimated Value
$640,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,032
Avg. Annual Appreciation
1.55%
Original Mortgage
$410,000
Outstanding Balance
$405,148
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$234,884

Purchase Details

Closed on
Apr 27, 2020
Sold by
Olympic Realty Llc
Bought by
Matejek Kenneth and Matejek Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,500
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2020
Sold by
Olympic Realty Llc
Bought by
Matejek Kenneth and Matejek Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,500
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2018
Sold by
All American Realty Corporation
Bought by
Olympic Realty Llc

Purchase Details

Closed on
Feb 1, 1974
Bought by
All American Realty Corp
Source: Public Records

Range of Values:

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Average Value
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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
Brown Joyce H $625,000 None Listed On Document
Matejek Kenneth $442,500 None Listed On Document
Matejek Kenneth $442,500 None Listed On Document
Olympic Realty Llc $282,000 New Title Company Name
All American Realty Corp $45,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Joyce H $410,000
Previous Owner Matejek Kenneth $242,500
Previous Owner Matejek Kenneth $242,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Sold $625,000 -2.3% $506 / Sq Ft
11/10/2023 11/10/23 Pending -- -- --
08/09/2023 08/09/23 For Sale $640,000 -- $519 / 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 $5,098 $514,722 -- $514,722
2023 $5,098 $570,772 $0 $570,772
2022 $4,282 $395,120 $0 $395,120
2021 $4,103 $362,749 $0 $362,749
2020 $3,504 $314,303 $0 $314,303
2019 $3,412 $304,898 $0 $304,898
2018 $2,604 $231,099 $0 $0
2017 $2,807 $260,195 $0 $0
2016 $2,912 $260,195 $0 $0
2015 $2,772 $245,813 $0 $0
2014 $2,769 $245,813 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Steve Mckeon

    Gail's Island Realty, Inc.

    (305) 289-9696

    24 Total Sales

    Steve Mckeon
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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 606266

APN: 00078330-002300

Florida Monroe County Key Colony Beach 33051

601 W Ocean Dr Unit 302B, Key Colony Beach, FL

This home is located at 601 W Ocean Dr Unit 302B, Key Colony Beach, FL 33051 since 09 August 2023 and is currently estimated at $640,032, approximately $518 per square foot. This property was built in 1975. 601 W Ocean Dr Unit 302B 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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