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$749,000

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 972 Sq. Ft.
  • Updated 5 days ago
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Rarely does a nearly new oceanfront residence with weekly rental eligibility become available in the heart of the Middle Keys. Welcome to Key Colony Beach Club, one of the area's premier waterfront communities. Built in 2023, this beautifully appointed 2-bedroom, 2-bath residence offers impact-rated glass, 9-foot ceilings, abundant natural light, and an expansive private balcony with breathtaking Atlantic Ocean views from both the living area and primary suite. Offered fully furnished and currently operating as a successful vacation rental, it's ready for immediate enjoyment or investment. Residents enjoy a heated oceanfront pool, private sandy beach, tiki huts, elevator access, a new fishing pier, private storage, and covered parking for two vehicles. The quarterly HOA includes building insurance, water, cable, and high-speed internet. Ideally located within walking distance to golf, pickleball, marinas, waterfront dining, and all that Key Colony Beach has to offer.

Full Property Details for 501 E Ocean Dr #28

General

  • Price: $749,000
  • HOA FEE: $1,417/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $6,500 (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A12049453
  • Updated: 7/8/2026
  • Added to Site: 7 day(s) ago

Interior

  • Interior Features: First Floor Entry
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Self-Cleaning Oven, Washer
  • Furnished: Yes
  • Furnishings: Furnished
  • Flooring: Ceramic Floor

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2
  • Bedroom Features: Entry Level, Primary Bath Shower

Additional Information

  • Shared Amenities: Bike/Jog Path, Child Play Area, Golf Course Com, Heated Pool, Pickleball, Pool, Tennis Court(s)
  • Maint. Includes: All Amenities, Elevator, Outside Maintenance, Sewer, Water
  • Security/Safety: Smoke Detector, Security Patrol

Exterior

  • Exterior Features: None, Open Balcony
  • Deck/Patio: Open Balcony

Parking

  • Parking Features: Assigned, Guest, Limited # Of Vehicle

Location

  • Area: Key Colony Beach Club
  • County: Monroe County
  • Subdivision: KEY COLONY BEACH CLUB
  • Building Name: KEY COLONY BEACH CLUB

Community

  • Community Name: Key Colony Beach Club
  • Association: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), Central Air, Electric
  • Heating Type: Central, Electric

Structural Information

  • Structure Type: Condo 1-4 Stories, Condo
  • Detached/Attached: Attached
  • Construction: Concrete Block Construction
  • Entry Floor Number: 2
  • Building Size: 1188
  • Square Feet: 972
  • Living Area: 972 Sq. Ft.
  • Year Built: 2023

Lot Features

  • Property View: Ocean View

Water Features

  • Water Front: Yes
  • Water Front Desc.: Ocean Front

Financial Considerations

  • Price Per Sq. Ft.: $770.58
  • Association Fee: $4,250
  • Assoc Fee Freq.: Quarterly
  • Tax Amount: $6,500
  • Tax Year: 2025
  • Terms: All Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Legal Description: UNIT 28 KEY COLONY BEACH CLUB A CONDO OR444-563 OR901-1292 OR2135-1610 OR2676-1422 OR2750-1635 OR3233-371 OR3233-503 OR3241-0492 OR3245-0875
  • Restrictions: See Broker Remarks
  • Inclusions: Deeded Beach Access
  • Property ID: 00073990-002800

Listed by Keller Williams Capital Realty

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Listing agent

— 501 E Ocean Dr #28 —

  • Keller Williams Capital Realty

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 501 E Ocean Dr #28

School District:Monroe County School District, Middle Torch Key, FL
NameGradesDistance
Stanley Switlik Elementary School
3400 Overseas Highway, Marathon, FL 33050
PK-54.9 mi
Marathon School
350 Sombrero Beach Road, Marathon, FL 33050
6-124 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 501 E Ocean Dr #28 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/07/2026
Listed
$749,000
-5.19%
MLS
9/27/2023
Sold
$790,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 501 E Ocean Dr #28

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,045
5%
$694,203
8%
2024
$6,716
350%
$642,088
536%
2023
$1,494
45%
$101,025
—
2022
$1,029
-4%
$101,025
—
2021
$1,075
3%
$101,025
—
2019
$1,041
-25%
$101,025
—
2018
$1,397
-49%
$101,025
-60%
2017
$2,753
-4%
$254,162
—
2016
$2,855
49%
$254,162
62%
2015
$1,917
-2%
$157,081
—
2014
$1,959
-1%
$157,081
1%
2013
$1,984
—
$155,526
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 501 E Ocean Dr #28

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Keller Williams Capital Realty

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501 E Ocean Dr #28, Key Colony, FL 33051 (MLS# A12049453) is a Condo property with 2 bedrooms and 2 full bathrooms. 501 E Ocean Dr #28 is currently listed for $749,000 and was received on July 07, 2026. Want to learn more about 501 E Ocean Dr #28? Do you have questions about finding other Condo real estate for sale in Key Colony? You can browse all Key Colony real estate or contact a Coldwell Banker agent to request more information.

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