501 E Ocean Drive 28, Key Colony, FL 33051

$715,000

501 E Ocean Dr 28 - High Exposure Visual

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 972 Status: Closed

Current Price: $715,000 List Date: 7/08/2026 Last Modified: 9/01/2026

Overview

Description

Rarely does a nearly new oceanfront residence with weekly rental eligibility become available in the heart of the Middle Keys. Welcome to Key Colony Beach Club, one of the area's premier waterfront communities. Built in 2023, this beautifully appointed 2-bedroom, 2-bath residence offers impact-rated glass, 9-foot ceilings, abundant natural light, and an expansive private balcony with breathtaking Atlantic Ocean views from both the living area and primary suite. Offered fully furnished and vacation rental in place, it's ready for immediate enjoyment or investment. Residents enjoy a heated oceanfront pool, private sandy beach, tiki huts, elevator access, a new fishing pier, private storage, and covered parking for two vehicles. The quarterly HOA includes building insurance, water, cable, and high-speed internet. Ideally located within walking distance to golf, pickleball, marinas, waterfront dining, and all that Key Colony Beach has to offer.

Listing Details MLS# 620564

Location, Tax & Legal

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
Unit #: 28
City: KEY COLONY
Off Shore Island: No
Mile Marker: 53.5
Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
Senior Community YN: No
Side: Ocean
Flood Zone: AE,AE,VE,VE,AE
Alternate Key #: 8555962
Parcel #: 00073990002800
Zoning: R-3 - Multi Unit Res
Deed Restrictions: Unknown
Legal: Unit 28 Key Colony Beach Club A Condo Or444-563 Or901-1292 Or2135-1610 Or2676-1422 Or2750-1635 Or3233-371 Or3233-503 Or3
Taxes: 6500
Tax Year: 2025
Pub Sewer HkUp: Yes

Contract Information

Listing Board: Florida Keys
As is Rght to Inspct: Yes
Species List: No

General Property Description

Realtor.COM Type: Residential - Condo/Townhouse
Style: Condo
Waterfront: Yes
Unit/Complex: Complex
Pool: No
Year Built: 2023
Living Apx SqFt: 972
SqFt Source: Property Data Card
Total Bedrooms: 2
Full Baths: 2
Total Baths: 2
Rentals Allowed: Yes
Control Depth: 0
Lot SqFt: 0
Acres: 0

Status Change Info

Under Contract Date: 2026-07-28
Sold Date: 2026-09-01

Association Info

Mandatory Home Owners Asc: Yes
Condo Doc's: Yes
1st Right of Refusal: No
Assoc Approval Req: Yes
Association Fee $: 4250
Assoc/Mnt Fee Per: Quarterly

Building Style

Above Flood: Yes

More Information

Pets

Pets w/Restrictions: Owners Only - 2 pet

Financial Status

Standard Sale: Yes

Remarks & Misc

Remarks – Consumer: Rarely does a nearly new oceanfront residence with weekly rental eligibility become available in the heart of the Middle Keys. Welcome to Key Colony Beach Club, one of the area's premier waterfront communities. Built in 2023, this beautifully appointed 2-bedroom, 2-bath residence offers impact-rated glass, 9-foot ceilings, abundant natural light, and an expansive private balcony with breathtaking Atlantic Ocean views from both the living area and primary suite. Offered fully furnished and vacation rental in place, it's ready for immediate enjoyment or investment. Residents enjoy a heated oceanfront pool, private sandy beach, tiki huts, elevator access, a new fishing pier, private storage, and covered parking for two vehicles. The quarterly HOA includes building insurance, water, cable, and high-speed internet. Ideally located within walking distance to golf, pickleball, marinas, waterfront dining, and all that Key Colony Beach has to offer.

Fee Includes

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

Dockage

None: Yes

Tax Exemptions

None: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Ice Machine: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Stainless Steel Appliance(s): Yes
Washer: Yes

Cooling

Ceiling Fans(s): Yes
Central Air: Yes

Heating

Central: Yes
Electric: Yes

Waterfront

Oceanfront: Yes

Waterview

Ocean View: Yes

Floor

Tile: Yes

Neighborhood Feature

Airstrip: Yes
Beach: Yes
Bike Paths: Yes
Manager on Premises: Yes
Tennis Courts: Yes

Interior Features

Quartz Countertops: Yes

Property Condition

New Construction: Yes

Windows/Doors

Impact Rstnce Doors: Yes
Impact Rstnce Window: Yes
Sliding Glass Doors: Yes

Vehicle Storage

Carport: Yes
Covered Parking: Yes
Guest Parking: Yes
Off Street Parking: Yes

Security

Patrolled Area: Yes

Construction

CBS: Yes

Land Size

Less Than 1/4 Acre: Yes

Furnished

Furnished: Yes

Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Utilities

Buyer to Verify: Yes
Cable Available: Yes
Elect Separate Meter: Yes
FKAA: Yes
Municipal Sewer: Yes
Water Separate Meter: Yes

Porch/Balcony

Open Porch/Balcony: Yes

Exterior Features

Lighting: Yes
Sandy Beach: Yes
Sprinkler System: Yes
Storage: Yes

Pre-Wired

Cable: Yes

Roof

Concrete Roof: Yes

Accessibility Feat

Parking: Yes

GF-Interior Features

Tankless Hot Wtr Htr: Yes

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Sewer; Water Tax Exemptions: None Waterfront: Oceanfront Waterview: Ocean View Dockage: None Property Condition: New Construction Vehicle Storage: Carport; Covered Parking; Guest Parking; Off Street Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Heating: Central Utilities: Buyer to Verify; Cable Available; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Interior Features: Quartz Countertops Pre-Wired: Cable Appliances: Dishwasher; Dryer; Ice Machine; Microwave; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Lighting; Sandy Beach; Sprinkler System; Storage Accessibility Feat: Parking Construction: CBS Floor: Tile Roof: Concrete Roof Neighborhood Feature: Airstrip; Beach; Bike Paths; Manager on Premises; Tennis Courts Security: Patrolled Area Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; FHA; VA GF-Interior Features: Tankless Hot Wtr Htr

Documents

Declaration - Key Colony Beach Club, Inc ›

Rules and Regulations - Key Colony Beach ›

Sellers Property Disclosure ›

Flood Disclosure ›

Listing Office: Keller Williams Capital Realty - Coral Gables

Last Updated: September - 01 - 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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