$1,575,000
SOLD FEB 24, 2025

901 W Ocean Dr Unit 2A Key Colony Beach, FL 33051

3 Beds
3.5 Baths
2,697 Sq Ft
1 Acres

Recently Sold

$584 Per Sq Ft

7% Below List Price

163 Days on Market

Highlights

  • Ocean Front
  • Beach
  • Home Theater
  • Coral Shores High School Rated A
  • Sandy Beach
  • Concrete Pool

About This Home

As of February 2025

The epitome of luxury, coastal living at its best. Welcome to The Residences at Ocean Drive, a private enclave of just 5 units. Situated directly on the ocean with stunning views, sandy beach and the pristine turquoise waters the Keys are renowned for. Rare to find is a condo of this size, with 2697 sq. feet of living area, 3 bedrooms and 3.5 baths, and a 2-car garage. It feels more like a house than a condo. The elevator takes you conveniently to your front door, where the ocean view greets you. The living area is open with tons of natural light from the many windows, all with plantation shutters. You'll enjoy preparing dinner in the welcoming and well-equipped kitchen when you can gaze out at the ocean views! The large covered porch extends your living space and is perfect for relaxing with a good book, enjoying your evening cocktail or watching the sunrise with your coffee. The media room is perfect for coming together to watch a family movie or make it into your office space. Your guests may not want to leave when staying in your two spacious guest bedrooms, both with ensuite. Retire at the end of the day to your primary suite with covered porch, bath with jacuzzi tub and walk-in closet. All three bedrooms have custom interior closets by California Closets. There's plenty of storage with your 2-car garage space plus a separate storage closet. The grounds are beautifully and tropically manicured. You'll enjoy the oceanfront pool, which is shared with just four other owners. Take your beach chair down to the beach and put your toes in the sand and the clear blue water. Life doesn't get much better than this. Make your appointment today to see this ultimate beach house! Key Colony Beach is a resort community in the middle Florida Keys with several restaurants, 9-hole golf course, sports courts and shopping within biking or walking distance.

Last Agent to Sell the Property

Amy Puto

Coldwell Banker Schmitt Real Estate Co. License #3012615 Listed on: 08/20/2024

Coldwell Banker Schmitt Real Estate Co.

Last Buyer's Agent

Kim Show

Coldwell Banker Schmitt Real Estate Co. License #3220812

Coldwell Banker Schmitt Real Estate Co.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,075

Year Built

  • Built in 2005

Lot Details

  • Ocean Front
  • Sandy Beach
  • Fenced

Home Design

  • Concrete Roof

Interior Spaces

  • 2,697 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Entrance Foyer
  • Home Theater
  • Storage
  • Ocean Views
  • Monitored

Kitchen

  • Oven
  • Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Attached Garage
  • Guest Parking
  • Off-Street Parking
  • Assigned Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Pool Deck

Outdoor Features

  • Balcony
  • Deck
  • Outdoor Storage

Utilities

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

Listing and Financial Details

  • Minimum Rental Period: 90
  • Assessor Parcel Number 00078800-000102

Community Details

Overview

  • Property has a Home Owners Association
  • $11,500 Maintenance Fee
  • Association fees include sewer, security, common area mnt, building insurance, bldg exterior mnt, exterminating
  • 5 Units
  • The Residences Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Recreation

  • Beach
  • Tennis Courts
  • Community Pool
  • Bike Trail

Pet Policy

  • Pet Restriction: 1 pet up to 50 lbs

Security

  • Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,075

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Maintenance Fee: 11500.00
  • Mandatory HOA: Yes
  • Control Depth: 2
  • Fee Includes: Sewer, Security, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Exterminating
  • Key Island: Key Colony
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 53.50
  • Min Rental Days: 90.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool, Bike Paths, Other Area Features, Beach, Tennis Courts
  • Off Shore Island: No
  • Pets W Restrictions: 1 pet up to 50 lbs
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 13074.87
  • Title: Title Ins - Buyer
  • Vehicle Storage: Garage, Covered Parking, Off Street Parking, Guest Parking, Assigned Parking, Attached
  • Vehicle Storage Cars: 3
  • Year Built: 2005
  • Alternate Key Number: 9083160
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Pool Info: In Ground, Decked, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Deck
  • Association Maintenance Fee Per: Quarterly
  • Association Info Condo Docs: Yes
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 2697.00
  • Sewer Hook Up: Yes
  • Unit Complex: Unit
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Granite Counter Top, Whirlpool Bath Tub, Walk-in Closet(s), Storage, Elevator, Entrance Foyer
  • Floor Number: 2.00
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Appliances: Washer, Stainless Steel Appliance(s), Ice Machine, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Wood
  • Half Bathrooms: 1
  • Specialty Rooms: Media Room
  • Windows/Doors: Sliding Glass Doors, Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 3

Exterior Features

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

Utilities

  • Security: Patrolled Area
  • Utilities: FKAA, Water Separate Meter, Cable Available, Elect Separate Meter, Municipal Sewer

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: VE,AE,AE,AE,VE,AE,AE
  • Parcel Number: 00078800-000102
  • Land Size: 1 Less Than 2 Acres

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2023

Multi Family

  • Total Units: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2024
Closed on
Feb 24, 2025
Sold by
Soldan Howard
Bought by
Benck Thomas R
Seller's Agent
Amy Puto
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Kim Show
Coldwell Banker Schmitt Real Estate Co.
List Price
$1,695,000
Sold Price
$1,575,000
Premium/Discount to List
-$120,000
-7.08%
Views
84
Current Estimated Value
$1,576,825

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,825
Avg. Annual Appreciation
0.33%
Original Mortgage
$1,181,250
Outstanding Balance
$1,179,988
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$396,837

Purchase Details

Listed on
Jan 1, 2017
Closed on
Jan 29, 2018
Sold by
Bennett Susan I and Susan I Bennett Trust
Bought by
Soldan Howard
Seller's Agent
Jerold Ellis
Key Colony Beach Realty
Buyer's Agent
Amy Puto
Coldwell Banker Schmitt Real Estate Co.
List Price
$1,299
Sold Price
$990,000
Premium/Discount to List
$988,701
76112.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.78%
Original Mortgage
$625,000
Interest Rate
3.87%
Mortgage Type
Small Business Administration

Purchase Details

Closed on
Dec 13, 2013
Sold by
Bennett Susan I and Susan I Bennett Trust #72-7249
Bought by
Bennett Susan I and Susan I Bennett Trust #72-7249

Purchase Details

Closed on
Mar 15, 2007
Sold by
Ocean Development Group Llc
Bought by
Bennett Susan I and Susan I Bennett Trust #72-7249
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $1,575,000 None Listed On Document
Warranty Deed $990,000 Attorney
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- Attorney
Warranty Deed $1,697,500 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,181,250 New Conventional
Previous Owner $625,000 Small Business Administration
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2025 02/24/25 Sold $1,575,000 -5.1% $584 / Sq Ft
01/23/2025 01/23/25 Price Changed $1,659,000 -0.7% $615 / Sq Ft
01/02/2025 01/02/25 Price Changed $1,670,000 -0.3% $619 / Sq Ft
11/17/2024 11/17/24 Price Changed $1,675,000 -1.2% $621 / Sq Ft
08/20/2024 08/20/24 For Sale $1,695,000 +71.2% $628 / Sq Ft
01/29/2018 01/29/18 Sold $990,000 +76112.5% $367 / Sq Ft
12/10/2017 12/10/17 Pending -- -- --
01/01/2017 01/01/17 For Sale $1,299 -- $0 / 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 $13,075 $1,364,645 -- $1,364,645
2023 $13,075 $1,364,645 $0 $1,364,645
2022 $11,854 $1,246,441 $0 $1,246,441
2021 $11,040 $1,056,877 $0 $1,056,877
2020 $10,415 $1,030,763 $0 $1,030,763
2019 $10,111 $998,369 $0 $998,369
2018 $9,726 $998,369 $0 $0
2017 $9,289 $975,896 $0 $0
2016 $11,222 $1,138,912 $0 $0
2015 $10,970 $1,138,912 $0 $0
2014 $10,442 $1,081,497 $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: 611145

APN: 00078800-000102