1133 W Ocean Drive 2, Key Colony, FL 33051

$749,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,929 Status: Active
Current Price: $749,000 List Date: 2/24/2025 Last Modified: 12/09/2025

Description

Reduced Quarterly Dues! Own a piece of paradise perfectly situated at the southern point in Key Colony Beach. This turnkey property not only offers comfort with tropical decor, but it also provides an incredible investment opportunity. This beautiful oceanfront townhouse, features three spacious bedrooms and three bathrooms. This home is ideal for both relaxation and entertaining. Enjoy breathtaking ocean views right from your living room, or step outside to your pocket beach, where soft sand and the gentle sounds of the waves await. The community amenities elevate this property to another level and includes a sparkling, oceanfront pool, soothing hot tub, a fishing pier, and a sports court—everything you need for a resort-like lifestyle for ultimate unwinding, outdoor enthusiasts, and friendly competitions. This townhouse offers both tranquility and access to all the best island living has to offer. This townhouse is ideal for both personal enjoyment and potential rental income. With onsite property management in place, you can easily rent out the home on a weekly basis, making it a hassle-free investment that generates income when you're not using it. The island of Key Colony Beach also offers walking paths to playgrounds, restaurants, and a Par 3 golf course. Also steps away from Sunset Park to picnic or reflect outside of Key Colony Point. Don't miss out on this exceptional opportunity to own a stunning oceanfront property. Schedule a viewing today!

More Information MLS# 613852

Contract Information

Listing Board: Marathon/Lower Keys As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: No Current Price: $749,000 Listing Date: 2025-02-24 List Price: $749,000

Location, Tax & Legal

Unit #: 2 City: KEY COLONY Off Shore Island: No Mile Marker: 53.5 Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca) Side: Ocean Flood Zone: AE,VE,AE,VE,AE Alternate Key #: 8637179 Parcel #: 00078600-000300 Zoning: R-3 - Multi Unit Res Deed Restrictions: No Legal: UNIT 2 KEY COLONY POINT A CONDOMINIUM Taxes: 8126.42 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 1133 Direction: W Street Name: Ocean Street Suffix: Drive Key/Island: Key Colony State/Province: FL Zip Code: 33051 County: Monroe Subdivision: Key Colony Point (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 Total Units: 31 SqFt Source: Property Data Card Rentals Allowed: With Restrictions Min Rental Days: 7 Style: Townhouse Year Built: 1982 Living Apx SqFt: 1929 Total Bedrooms: 3 Full Baths: 3 Total Baths: 3

Remarks & Misc

Remarks – Consumer: Reduced Quarterly Dues! Own a piece of paradise perfectly situated at the southern point in Key Colony Beach. This turnkey property not only offers comfort with tropical decor, but it also provides an incredible investment opportunity. This beautiful oceanfront townhouse, features three spacious bedrooms and three bathrooms. This home is ideal for both relaxation and entertaining. Enjoy breathtaking ocean views right from your living room, or step outside to your pocket beach, where soft sand and the gentle sounds of the waves await. The community amenities elevate this property to another level and includes a sparkling, oceanfront pool, soothing hot tub, a fishing pier, and a sports court—everything you need for a resort-like lifestyle for ultimate unwinding, outdoor enthusiasts, and friendly competitions. This townhouse offers both tranquility and access to all the best island living has to offer. This townhouse is ideal for both personal enjoyment and potential rental income. With onsite property management in place, you can easily rent out the home on a weekly basis, making it a hassle-free investment that generates income when you're not using it. The island of Key Colony Beach also offers walking paths to playgrounds, restaurants, and a Par 3 golf course. Also steps away from Sunset Park to picnic or reflect outside of Key Colony Point. Don't miss out on this exceptional opportunity to own a stunning oceanfront property. Schedule a viewing today! Directions: US1 (Overseas Hwy) to Sadowski Causeway, right on W Ocean Dr and left before Sunset Park. Second from the office.

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: Yes Condo Doc's: Yes Assoc Approval Req: Yes Association Fee $: 11475 Assoc/Mnt Fee Per: Quarterly

Fee Includes

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

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Washer: 1

Pets

Pets w/Restrictions: owners only under 20

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

Carpet: 1 Tile: 1

Neighborhood Feature

Airstrip: 1 Bike Paths: 1 Community Boat Ramp: 1 Manager on Premises: 1 Spa: 1 Tennis Courts: 1

Interior Features

Drapes/Blinds Incl: 1 Entrance Foyer: 1 Granite Counter Top: 1 Smoke Alarms: 1 Storage: 1 Walk-in Closet(s): 1

Specialty Rooms

Laundry Room: 1

Building Style

Above Flood: Yes Townhouse: 1

Windows/Doors

Impact Rstnce Doors: 1 Impact Rstnce Window: 1 Sliding Glass Doors: 1

Vehicle Storage

Carport: 1 Guest Parking: 1

Security

No Security: 1

Construction

CBS: 1 Concrete: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Furnished: 1

Terms

Cash: 1 Conventional: 1 FHA: 1 No Seller Finance: 1 VA: 1

Utilities

Buyer to Verify: 1 Cable Available: 1 Elect Separate Meter: 1 FKAA: 1 Water Separate Meter: 1

Porch/Balcony

Open Porch/Balcony: 1

Title

Title Ins - Buyer: 1

Exterior Features

Hot Tub: 1 Outdoor Shower: 1 Sandy Beach: 1 Tennis Court(s): 1

Pool Info

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

Pre-Wired

Cable: 1

Roof

Metal Roof: 1

Financial Status

Auction: No Bank Owned: No Potential Short Sale: No Standard Sale: Yes

Accessibility Feat

None: 1

Status Change Info

Status: Active

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Exterminating; Sewer; Water Tax Exemptions: None Waterfront: Oceanfront; Open Water Waterview: Ocean View; Open Water View Dockage: None Building Style: Townhouse Vehicle Storage: Carport; Guest Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Utilities: Buyer to Verify; Cable Available; Elect Separate Meter; FKAA; Water Separate Meter Interior Features: Drapes/Blinds Incl; Entrance Foyer; Granite Counter Top; Smoke Alarms; Storage; Walk-in Closet(s) Pre-Wired: Cable Specialty Rooms: Laundry Room Appliances: Dishwasher; Disposal; Dryer; Microwave; Oven; Range; Refrigerator; Washer Exterior Features: Hot Tub; Outdoor Shower; Sandy Beach; Tennis Court(s) Accessibility Feat: None Pool Info: In Ground; Concrete; Decked Construction: CBS; Concrete Floor: Carpet; Tile Roof: Metal Roof Neighborhood Feature: Airstrip; Bike Paths; Community Boat Ramp; Manager on Premises; Spa; Tennis Courts Security: No Security Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; FHA; No Seller Finance; VA Title: Title Ins - Buyer
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: December - 09 - 2025
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