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501 E Ocean Dr #17, Key Colony, FL 33051

$687,000

Last sold 09/30/2025 for $684K

2
bed
2
bath
1,008
Sqft ($679/Sqft)

Condominium not for sale

About 501 E Ocean Dr #17

Property type Condominium

Year built 2023

HOA fee $1,274/month

Movoto estimate

Property description

White sand oceanfront condo with breathtaking blue ocean views constructed in 2023 with weekly rentals permitted. You deserve to live the island dream in this stunning, oceanfront condo, perfectly positioned in the heart of the Middle Keys. This modern coastal retreat boasts 10-foot ceilings, impact-rated windows and doors, and an open floor plan designed to maximize natural light and sweeping ocean views. The oversized balcony will extend your living, dining or just relaxing to gaze at the beautiful ocean views and meticulous grounds. Featuring two spacious ensuite bedrooms, this home offers both comfort and privacy—ideal for full-time living, a vacation getaway, or a weekly rental investment. Enjoy resort-style amenities including pickleball, golf, tennis, marina, playgrounds, and even a police department for peace of mind. Explore the city effortlessly—designed for walking and biking across 15 charming streets with access to Sunset Park, dining, shopping, and a convenient post office. Whether you're fishing, diving, snorkeling, or simply soaking in the views, this location is a paradise for outdoor lovers. Just 5 minutes to Marathon's Executive Airport, 1 hour to Key West International Airport and 2 hours to Miami International Airport, this property offers a rare combination of convenience and tranquility...come home to Key Colony Beach, the heart of the Florida Keys!

Listed by

Listing Agent - Ally Kelley

Listing Office - Ocean Sotheby's International

Source: FKBOR MLS

MLS#616306 • last updated 1 year ago

Movoto checked FKBOR MLS for data 29 minutes ago

Overview
Cooling/AC	Central Air, Ceiling Fans(s)
MLS #	616306
Type	Residential
SqFt	1008
Status	Closed
SubType	Condominium
Property Tax	6131.73
Year Built	2023
HOA Fee	Quarterly, 3821
Condition	New Construction

Interior
Total # of Bathrooms	2
# of Full Baths	2
Total # of Bedrooms	2
Flooring	Tile
Appliances	Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Stainless Steel Appliance(s)

Exterior
Construction	Concrete
Exterior Features	Sandy Beach
Patio/Porch	Open Porch/Balcony

Amenities / Utilities
Utilities	Cable Available
HOA Fee Includes	Cable TV, Sewer, Water, Bldg Exterior Mnt, Building Insurance, Common Area Mnt
Pool	In Ground, Decked

Location
County	Monroe
Community Features	Manager On Premises, Beach, Bike Paths
Subdivision	Key Colony Bch Club (53.5)
APN	00073990-001700
Zoning	R-3 - Multi Unit Res
Directions	From US-1, At Mile Marker 53.5, Turn At Light Onto Sadowski Causeway. Bear Left Onto E. Ocean Drive To 501 Unit 17 Is In The Second Yellow Building On Right, Second Floor.

Multifamily Details
Total # of Units	32

$687K

Range: $604K-$769K

Last 30 days

Lower your payment with the loan terms that fit you.

Oct 2025
Public Records
Oct 6, 2025 Sold
$684,000
Sep 2025
MLS # 616306
Sep 30, 2025 Sold
$684,000 (-2.1%)
Sep 16, 2025 Contingent
—
Aug 28, 2025 Listed
$699,000
Aug 2025
MLS # 613811
Aug 8, 2025 Price Change
$699,000 (-2.2%)
Jul 16, 2025 Price Change
$715,000 (-1.1%)
May 23, 2025 Price Change
$723,000 (-2.2%)
May 1, 2025 Price Change
$739,000 (-1.3%)
Apr 15, 2025 Price Change
$749,000 (-1.4%)
Mar 24, 2025 Price Change
$759,800 (-2.0%)
Feb 20, 2025 Listed
$775,000

Year Property taxes Tax assessment
2024
$6,132 +345.7%

$580,417 +554.17%
2023
$1,376 +50.9%

$88,726
2022
$912 -4.2%

$88,726
2021
$952 +3.3%

$88,726
2020
$921 -0.1%

$88,726
2019
$922 -28.1%

$88,726
2018
$1,283 -48.1%

$88,726 -60.25%
2017
$2,472 -3.5%

$223,209
2016
$2,562 +33.6%

$223,209
2015
$1,917

—

501 E Ocean Dr #17
$684K
—
33051
$949K +8% y/y
Key Colony
—

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
501 E Ocean Dr #8, Key Colony Beach, FL 33051	$687,000	2/2	972	0.01
501 E Ocean Dr #7, Key Colony Beach, FL 33051	$678,000	2/2	972	0.01
501 E Ocean Dr #6, Key Colony Beach, FL 33051	$704,000	2/2	972	0.01
501 E Ocean Dr #29, Key Colony Beach, FL 33051	$671,000	2/2	972	0.02
501 E Ocean Dr #9, Key Colony Beach, FL 33051	$789,000	2/2	972	0.02
501 E Ocean Dr #10, Key Colony Beach, FL 33051	$687,000	2/2	972	0.02
501 E Ocean Dr #26, Key Colony Beach, FL 33051	$681,000	2/2	972	0.02
501 E Ocean Dr #27, Key Colony Beach, FL 33051	$678,000	2/2	972	0.02

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.