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  • 501 E Ocean Drive #12, Key Colony, FL 33051 (MLS# 607320)

501 E Ocean Drive #12, Key Colony, FL 33051

$842,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,001 Status: Closed
Current Price: $842,000 List Date: 11/07/2023 Last Modified: 2/11/2026

Description

Imagine waking up to the sound of gentle waves hitting the sand as you gaze upon a beautiful sunrise with the ocean sparkling in the distance... This dream can finally be your reality at this BRAND NEW .... One-of-a-kind, 2 bed/2 bath EAST Facing, SECOND story unit at Key Colony Beach Club. The construction of the buildings is complete, landscaping is done and the exterior amenities are nearing completion. Unit 12 is ready to be your NEW Keys home! You will love seeing the mesmerizing OCEAN views from every angle of the condo and will truly appreciate the OPEN CONCEPT living, dining and kitchen areas complete with IMPACT RESISTANT windows and doors! A large and shaded ocean front balcony await you, with plenty of room for catching some sun and salty breezes along with 9 ft tall ceilings to allow for plenty of natural light to illuminate the interior rooms. Notable features of this unit include: Second story and close proximity to the elevator, AFTERNOON SHADE, new modern white kitchen with stainless steel appliances, white TILE BACKSPLASH and QUARTZ counter tops, new light wood luxury vinyl plank flooring throughout, 2 coastal modern ensuite tiled bathrooms with vanities and mirrors, washer and dryer conveniently located in the guest suite, and central air with new ceiling fans. The unit is conveniently located near the pool and white sandy beach ... and close to the heart of Key Colony Beach, Post Office and restaurants / tiki bars. WEEKLY vacation rentals are allowed. The unit comes with two assigned and covered parking spaces with an owner's private storage unit. CALL TODAY - the location of #12 is highly sought after and will not last long! This is a once in a lifetime opportunity to be the first to make this NEW Ocean Front Condo in renowned and beloved KEY COLONY BEACH yours!

More Information MLS# 607320

Contract Information

Listing Board: Marathon/Lower Keys As is Rght to Inspct: Yes Species List: Yes Current Price: $842,000 Listing Date: 2023-11-07 Sold Price: $842,000

Location, Tax & Legal

Unit #: #12 City: KEY COLONY Off Shore Island: No Mile Marker: 53.5 Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca) Side: Ocean Flood Zone: AE,AE,VE,VE,AE Alternate Key #: 8555806 Parcel #: 00073990-001200 Zoning: R-3 - Multi Unit Res Deed Restrictions: Yes Legal: UNIT 12 KEY COLONY BEACH CLUB, A CONDO Taxes: 892.1 Tax Year: 2022 Pub Sewer HkUp: Yes Street #: 501 Direction: E Street Name: Ocean Street Suffix: Drive Key/Island: Key Colony State/Province: FL Zip Code: 33051 County: Monroe Subdivision: Key Colony Bch Club (53.5) Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony

General Property Description

Realtor.COM Type: Residential - Condo/Townhouse Waterfront: Yes Control Depth: 0 Lot SqFt: 0 Unit/Complex: Unit Pool: Yes Lot Sqft Source: Property Data Card Total Units: 0 SqFt Source: Appraisal Rentals Allowed: Yes Min Rental Days: 7 Style: Condo Year Built: 2023 Living Apx SqFt: 1001 Total Bedrooms: 2 Full Baths: 2 Total Baths: 2

Remarks & Misc

Remarks – Consumer: Imagine waking up to the sound of gentle waves hitting the sand as you gaze upon a beautiful sunrise with the ocean sparkling in the distance... This dream can finally be your reality at this BRAND NEW .... One-of-a-kind, 2 bed/2 bath EAST Facing, SECOND story unit at Key Colony Beach Club. The construction of the buildings is complete, landscaping is done and the exterior amenities are nearing completion. Unit 12 is ready to be your NEW Keys home! You will love seeing the mesmerizing OCEAN views from every angle of the condo and will truly appreciate the OPEN CONCEPT living, dining and kitchen areas complete with IMPACT RESISTANT windows and doors! A large and shaded ocean front balcony await you, with plenty of room for catching some sun and salty breezes along with 9 ft tall ceilings to allow for plenty of natural light to illuminate the interior rooms. Notable features of this unit include: Second story and close proximity to the elevator, AFTERNOON SHADE, new modern white kitchen with stainless steel appliances, white TILE BACKSPLASH and QUARTZ counter tops, new light wood luxury vinyl plank flooring throughout, 2 coastal modern ensuite tiled bathrooms with vanities and mirrors, washer and dryer conveniently located in the guest suite, and central air with new ceiling fans. The unit is conveniently located near the pool and white sandy beach ... and close to the heart of Key Colony Beach, Post Office and restaurants / tiki bars. WEEKLY vacation rentals are allowed. The unit comes with two assigned and covered parking spaces with an owner's private storage unit. CALL TODAY - the location of #12 is highly sought after and will not last long! This is a once in a lifetime opportunity to be the first to make this NEW Ocean Front Condo in renowned and beloved KEY COLONY BEACH yours! Directions: From US 1 turn onto Sadowski Causeway. Turn left onto E Ocean Drive. Property will be the stilted yellow complex to your right. Unit 12 is located on the top floor in the western building.

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Association Fee $: 3000 Assoc/Mnt Fee Per: Quarterly

Fee Includes

Bldg Exterior Mnt: 1 Building Insurance: 1 Cable: 1 Common Area Mnt: 1 Sewer: 1 Water: 1

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Heating

Electric: 1

Waterfront

Oceanfront: 1 Open Water: 1

Waterview

Ocean View: 1 Open Water View: 1

Floor

Vinyl: 1

Neighborhood Feature

Airstrip: 1 Beach: 1 Bike Paths: 1 Community Boat Ramp: 1 Community Pool: 1 Manager on Premises: 1 Other Area Features: 1

Interior Features

Elevator: 1 Quartz Countertops: 1

Property Condition

New Construction: 1

Specialty Rooms

Laundry Room: 1

Building Style

Above Flood: Yes Stilt Column Height: Tall - 10Ft & Over Stories: 2 Stories

Windows/Doors

Impact Rstnce Doors: 1 Impact Rstnce Window: 1

Vehicle Storage

Car(s): 2 Carport: 1 Guest Parking: 1 Assigned Parking: 1

Security

Patrolled Area: 1

Construction

CBS: 1 Combo Construction: 1 Frame: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Unfurnished: 1

Terms

Cash: 1 Conventional: 1 No Seller Finance: 1

Utilities

Buyer to Verify: 1 Elect Separate Meter: 1 FKAA: 1

Porch/Balcony

Deck: 1 Open Porch/Balcony: 1

Title

Title Ins - Buyer: 1

Exterior Features

Fencing: 1 Sandy Beach: 1 Storage: 1

Pool Info

In Ground: 1 Heated: Yes Concrete: 1

Pre-Wired

Cable: 1

Roof

Other Roof: 1

Financial Status

Standard Sale: Yes

Status Change Info

Sold Date: 2023-12-04 Sold Price: $842,000 Status: Closed

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Sewer; Water Tax Exemptions: None Waterfront: Oceanfront; Open Water Waterview: Ocean View; Open Water View Dockage: None Property Condition: New Construction Vehicle Storage: Carport; Assigned Parking; Guest Parking Furnished: Unfurnished Cooling: Ceiling Fans(s); Central Air Utilities: Buyer to Verify; Elect Separate Meter; FKAA Interior Features: Elevator; Quartz Countertops Pre-Wired: Cable Specialty Rooms: Laundry Room Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Fencing; Sandy Beach; Storage Pool Info: In Ground; Concrete Construction: CBS; Combo Construction; Frame Floor: Vinyl Roof: Other Roof Neighborhood Feature: Airstrip; Beach; Bike Paths; Community Boat Ramp; Community Pool; Manager on Premises; Other Area Features Security: Patrolled Area Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; No Seller Finance Title: Title Ins - Buyer
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: February - 11 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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