501 E Ocean Drive 22, Key Colony, FL 33051 (MLS# 605910)

501 E Ocean Drive 22, Key Colony, FL 33051

$800,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,001 Status: Closed

Current Price: $800,000 List Date: 7/09/2023 Last Modified: 9/24/2025

Description

SELLER FINANCING now offered on your dream coastal retreat, #22 Key Colony Bch Club! Nestled in picturesque Key Colony Beach, this spacious and airy 2 Bedroom/2 Bath is ready to offer you an unparalleled waterfront living experience. Be the first to call this stunning top floor residence home and embrace a lifestyle of luxury, relaxation and breathtaking ocean views. Open concept living, abundant natural light and expansive private balcony overlooking the Atlantic Ocean, landscaped courtyard and sparkling pool. Brand new construction, never lived in; built to meet all of today's building codes, including the ability to withstand a Cat 5+ hurricane. Low HOA fees of only $1,000 month includes building insurance! Weekly vacation rentals permitted. Elevator building, two dedicated/covered parking spaces and private storage. Don't miss out on this incredible opportunity to own a brand new, never been lived in, oceanfront condo in Key Colony Beach.

More Information MLS# 605910

Contract Information

Listing Board: Marathon/Lower Keys As is Rght to Inspct: Yes Species List: No Current Price: $800,000 Listing Date: 2023-07-05 Sold Price: $800,000

Location, Tax & Legal

Unit #: 22 City: KEY COLONY Off Shore Island: No Mile Marker: 53.5 Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca) Side: Ocean Flood Zone: AE,AE,VE,VE,AE Alternate Key #: 8555903 Parcel #: 00073990-002200 Zoning: R-3 - Multi Unit Res Deed Restrictions: Unknown Legal: UNIT 22 KEY COLONY BEACH CLUB APARTMENTS OR901-1292/93 OR2748-1467/69 OR2752-2317/20 Taxes: 892.1 Tax Year: 2022 Pub Sewer HkUp: Yes 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

General Property Description

Realtor.COM Type: Residential - Condo/Townhouse Waterfront: Yes Control Depth: 0 Lot SqFt: 0 Unit/Complex: Complex Pool: Yes Total Units: 32 SqFt Source: Appraisal Rentals Allowed: Yes Min Rental Days: 7 Style: Condo Year Built: 2023 Living Apx SqFt: 1001 Total Bedrooms: 2 Full Baths: 2 Total Baths: 2

Remarks & Misc

Remarks – Consumer: SELLER FINANCING now offered on your dream coastal retreat, #22 Key Colony Bch Club! Nestled in picturesque Key Colony Beach, this spacious and airy 2 Bedroom/2 Bath is ready to offer you an unparalleled waterfront living experience. Be the first to call this stunning top floor residence home and embrace a lifestyle of luxury, relaxation and breathtaking ocean views. Open concept living, abundant natural light and expansive private balcony overlooking the Atlantic Ocean, landscaped courtyard and sparkling pool. Brand new construction, never lived in; built to meet all of today's building codes, including the ability to withstand a Cat 5+ hurricane. Low HOA fees of only $1,000 month includes building insurance! Weekly vacation rentals permitted. Elevator building, two dedicated/covered parking spaces and private storage. Don't miss out on this incredible opportunity to own a brand new, never been lived in, oceanfront condo in Key Colony Beach. Directions: Overseas Hwy/MM 53.5, turn at Sadowski Cswy light. Follow to E. Ocean. Stilted yellow buildings on right. #22 is located on east side of property.

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Association Fee $: 4000 Assoc/Mnt Fee Per: Quarterly

Fee Includes

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

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

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

Pets

Pets w/Restrictions: Owners Only

Cooling

Ceiling Fans(s): 1 Central Air: 1

Waterfront

Oceanfront: 1

Waterview

Ocean View: 1

Floor

Laminate: 1

Neighborhood Feature

Airstrip: 1 Beach: 1 Bike Paths: 1 Fire Hydrant: 1 Manager on Premises: 1

Interior Features

Fire Sprinkler: 1 Quartz Countertops: 1 Smoke Alarms: 1 Walk-in Closet(s): 1

Property Condition

New Construction: 1

Specialty Rooms

Laundry Room: 1

Building Style

Above Flood: Yes Stilt Column Height: Tall - 10Ft & Over

Windows/Doors

Impact Rstnce Doors: 1 Impact Rstnce Window: 1

Vehicle Storage

Car(s): 2 Covered Parking: 1 Assigned Parking: 1 Off Street Parking: 1

Security

No Security: 1

Construction

Concrete: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Unfurnished: 1

Terms

Cash: 1 Conventional: 1 FHA: 1 VA: 1

Utilities

Buyer to Verify: 1 Elect Separate Meter: 1

Porch/Balcony

Open Porch/Balcony: 1

Exterior Features

Shed: 1

Pool Info

In Ground: 1 Concrete: 1

Pre-Wired

Cable: 1

Status Change Info

Sold Date: 2024-01-26 Sold Price: $800,000 Status: Closed

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: Assigned Parking; Covered Parking; Off Street Parking Furnished: Unfurnished Cooling: Ceiling Fans(s); Central Air Utilities: Buyer to Verify; Elect Separate Meter Interior Features: Fire Sprinkler; Quartz Countertops; Smoke Alarms; Walk-in Closet(s) Pre-Wired: Cable Specialty Rooms: Laundry Room Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Exterior Features: Shed Pool Info: In Ground; Concrete Construction: Concrete Floor: Laminate Neighborhood Feature: Airstrip; Beach; Bike Paths; Fire Hydrant; Manager on Premises Security: No Security Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; FHA; VA

Listing Office: Berkshire Hathaway HomeServices Keys Real Estate

Last Updated: September - 24 - 2025

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