1101 W Ocean Drive 1, Key Colony, FL 33051

$498,500
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 990 Status: Closed
Current Price: $498,500 List Date: 8/01/2025 Last Modified: 10/06/2025

Description

Enjoy the convenience of having a private beach access steps away from your door! Come see for yourself why this property has been treasured by the family for over 45 years. Indulge in the beauty of the Florida Keys with this rare opportunity to own a pristine beachfront condo. This freshly painted ground level two-bedroom, two-bathroom haven offers breathtaking views of the Atlantic Ocean from every window. Sip your morning coffee enjoying the morning breeze on the balcony as the waves lap the shores and the sun rises above the horizon. With a private beach access at your feet, you can easily spend your days lounging on the white sandy beach, swimming in the crystal clear water, and soaking up the warm Keys sunshine. The condo itself is a turn-key vacation rental, fully furnished and bookings already in place. With similar oceanfront condos grossing over $75,000 in the past year with quite a few weeks of owner usage, this property has the potential to generate significant rental income. The spacious master bedroom boasts unparalleled views of the ocean, creating a peaceful and serene setting for relaxation. The property also includes a large heated pool, a tiki hut for shade, and a BBQ area for grilling up your catch of the day. You'll have everything you need for the ultimate beach vacation. This is your chance to own a piece of paradise in the coveted Key Colony Beach. Come see for yourself what makes this property special!

More Information MLS# 615977

Contract Information

Listing Board: Marathon/Lower Keys As is Rght to Inspct: Yes Species List: No Current Price: $498,500 Listing Date: 2025-08-01 Sold Price: $498,500

Location, Tax & Legal

Unit #: 1 City: KEY COLONY Off Shore Island: No Mile Marker: 53.5 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE,AE,AE,VE Alternate Key #: 1085197 Handicap Access: No Zoning: R-3 - Multi Unit Res Deed Restrictions: No Legal: APT 1 SEA ISLE CONDOMINIUM (F/K/A CONTINENTAL CONDOMINIUM OF MARATHON INC) KEY COLONY BEACH Taxes: 4896 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 1101 Direction: W Street Name: Ocean Street Suffix: Drive Key/Island: Key Colony State/Province: FL Zip Code: 33051 County: Monroe Subdivision: Sea Isle Condominium (AKA Cont. Cond) (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: 1 Lot SqFt: 0 Unit/Complex: Unit Pool: Yes Lot Sqft Source: Property Data Card SqFt Source: Property Data Card Rentals Allowed: Yes Min Rental Days: 7 Floor Number: 1 Style: Condo Year Built: 1973 Living Apx SqFt: 990 Total Bedrooms: 2 Full Baths: 2 Total Baths: 2

Remarks & Misc

Remarks – Consumer: Enjoy the convenience of having a private beach access steps away from your door! Come see for yourself why this property has been treasured by the family for over 45 years. Indulge in the beauty of the Florida Keys with this rare opportunity to own a pristine beachfront condo. This freshly painted ground level two-bedroom, two-bathroom haven offers breathtaking views of the Atlantic Ocean from every window. Sip your morning coffee enjoying the morning breeze on the balcony as the waves lap the shores and the sun rises above the horizon. With a private beach access at your feet, you can easily spend your days lounging on the white sandy beach, swimming in the crystal clear water, and soaking up the warm Keys sunshine. The condo itself is a turn-key vacation rental, fully furnished and bookings already in place. With similar oceanfront condos grossing over $75,000 in the past year with quite a few weeks of owner usage, this property has the potential to generate significant rental income. The spacious master bedroom boasts unparalleled views of the ocean, creating a peaceful and serene setting for relaxation. The property also includes a large heated pool, a tiki hut for shade, and a BBQ area for grilling up your catch of the day. You'll have everything you need for the ultimate beach vacation. This is your chance to own a piece of paradise in the coveted Key Colony Beach. Come see for yourself what makes this property special!

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: Yes Association Fee $: 2725 Assoc/Mnt Fee Per: Quarterly

Fee Includes

Bldg Exterior Mnt: 1 Cable: 1 Common Area Mnt: 1 Exterminating: 1 Sewer: 1 Water: 1

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1

Pets

No Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Waterfront

Oceanfront: 1

Waterview

Ocean View: 1 Open Water View: 1

Neighborhood Feature

Beach: 1 Manager on Premises: 1

Interior Features

Smoke Alarms: 1

Building Style

Above Flood: Unknown Stories: 3 Stories

Vehicle Storage

Guest Parking: 1 Open Parking: 1 Assigned Parking: 1

Construction

CBS: 1

Land Size

1 Less Than 2 Acres: 1

Furnished

Furnished: 1

Terms

Cash: 1 Conventional: 1

Utilities

Buyer to Verify: 1 Cable Available: 1 Elect Separate Meter: 1 FKAA: 1 Municipal Sewer: 1

Porch/Balcony

Open Porch/Balcony: 1 Patio: 1

Title

Negotiable: 1

Pool Info

In Ground: 1 Heated: Yes Concrete: 1 Decked: 1

Status Change Info

Sold Date: 2025-10-06 Sold Price: $498,500 Status: Closed

Property Features

Fee Includes: Bldg Exterior Mnt; Cable; Common Area Mnt; Exterminating; Sewer; Water Tax Exemptions: None Waterfront: Oceanfront Waterview: Ocean View; Open Water View Dockage: None Vehicle Storage: Assigned Parking; Guest Parking; Open Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Utilities: Buyer to Verify; Cable Available; Elect Separate Meter; FKAA; Municipal Sewer Interior Features: Smoke Alarms Appliances: Dishwasher; Microwave; Oven; Range; Refrigerator Pool Info: In Ground; Concrete; Decked Construction: CBS Pets: No Pets Allowed Neighborhood Feature: Beach; Manager on Premises Land Size: 1 Less Than 2 Acres Terms: Cash; Conventional Title: Negotiable
Listing Office: Ocean Sotheby's International
Last Updated: October - 06 - 2025
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.