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501 E Ocean Dr #18, Key Colony, FL 33051

$750,000
Last sold 01/24/2025 after 185 Days
2
bed
2
bath
1,008
Sqft ($744/Sqft)

Condominium not for sale

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About 501 E Ocean Dr #18

Property type Condominium

Year built 2023

HOA fee $1,333/month

Property description

Welcome to Key Colony Beach Club Unit 18. This 3rd floor End Unit has extra windows that allow for an abundance of natural light to flow throughout this open floor plan. Step onto your spacious balcony from the main living area or the primary en-suite where you can enjoy the views of the lush landscaping, swimming pool and turquoise waters of the Atlantic Ocean. Unit has designated covered parking for 2 cars with a large storage area and elevator access. Steps to the beach and walking distance to Parks, Restaurants and Shops. Key Colony Beach Club allows for weekly rentals as well so great investment property

Listed by

Listing Agent - Teri Hiller

Listing Office - Coldwell Banker Schmitt Real Estate Co.

Source: FKBOR MLS

MLS#610859 • last updated 1 year ago

Movoto checked FKBOR MLS for data 5 minutes ago

Overview
Cooling/AC	Central Air, Ceiling Fans(s)
Virtual Tour	N/A
MLS #	610859
Type	Residential
SqFt	1008
Status	Closed
SubType	Condominium
Property Tax	1274.11
Year Built	2023
HOA Fee	Quarterly, 4000
Condition	New Construction

Interior
Total # of Bathrooms	2
# of Full Baths	2
Total # of Bedrooms	2
Flooring	Laminate
Appliances	Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Disposal, Stainless Steel Appliance(s)
Interior Features	Fire Sprinkler, Storage, Quartz Countertops

Exterior
Construction	Concrete
Exterior Features	Storage
Patio/Porch	Open Porch/Balcony

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

Location
County	Monroe
Community Features	Community Boat Ramp, Fire Hydrant, Beach, Other Area Features, Bike Paths
Subdivision	Key Colony Bch Club (53.5)
APN	00073990-001800
Zoning	R-3 - Multi Unit Res
Directions	US 1 To Sadowski Causeway (Key Colony Beach). Follow Causeway To The (left) East Ocean Drive. Unit 18 Is 2nd Building On Right - 3 Floor Closest To E. Ocean Drive.

Multifamily Details
Total # of Units	32

We are not permitted to show value estimates for this property.

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Jan 2025
MLS # 610859
Jan 24, 2025 Sold
$750,000
Dec 18, 2024 Contingent
—
Jul 23, 2024 Listed
$795,000 (+419.6%)
Jan 2025
Public Records
Jan 24, 2025 Sold
$750,000 (-5.7%)
Nov 2015
MLS # 564701
Nov 23, 2015 Sold
$153,000 (-7.3%)
Nov 23, 2015 Price Change
$165,000
Jul 5, 2014 Listed
—

Year Property taxes Tax assessment
2024
$4,673 +266.7%

$556,226 +611.71%
2023
$1,274 +57.1%

$78,153
2022
$811 -4.2%

$78,153
2021
$846 +3.3%

$78,153
2020
$819 -0.1%

$78,153
2019
$820 -30.8%

$78,153
2018
$1,184 -46.0%

$78,153 -60.25%
2017
$2,194 +1.2%

$196,610
2016
$2,168 +13.1%

$196,610
2015
$1,917

—

501 E Ocean Dr #18
$750K
—
33051
$980K +15% 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	$783,000	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	$684,000	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.