501 E Ocean Drive #9, Key Colony, FL 33051 - Photo 1

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$799,000

For Sale
Active
Condo
2 Beds
2 Full Baths
972 Sq. Ft.

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Property Description

Welcome to Key Colony Beach Club, newly built in 2023 and one of the rare condo communities in the Middle Keys offering weekly rentals. This oceanfront residence combines modern design, exceptional amenities, and a proven record of strong rental income. The spacious 2 bedroom, 2 bathroom layout features 9-foot ceilings, an open living area, and expansive glass sliders that flood the space with natural light and frame endless views of the Atlantic. Step onto the large private balcony where it feels as if you could reach out and touch the ocean -- a truly breathtaking setting for sunrise coffee or evening cocktails. Both the living room and the primary suite enjoy front-row views of the turquoise waters, while each bedroom includes an ensuite bath for privacy and comfort. Sold fully furnished and turn-key, this condo is move-in ready and already generating income through an active rental program. Community amenities include a heated oceanfront pool, sandy beach, Tiki Huts, a fishing pier currently under construction, an elevator, a private storage closet, and a covered parking space for two cars. The HOA fee covers cable, Wi-Fi, water, building insurance, and more, making ownership easy and convenient. Located in sought-after Key Colony Beach, you'll enjoy a walkable island lifestyle with easy access to restaurants, marinas, golf, pickleball, tennis, playgrounds, Sunset Park, and more. Experience the feeling of living right on the water -- where the ocean is your backdrop and every day feels like a vacation.

Full Property Details

Full Property Details for 501 E Ocean Dr #9

General

Price: $799,000
HOA FEE: $1,274/month
HOA FEE FREQ.: Quarterly
Taxes: $4,793 (2024)
Status: Active
Type: Condo
Source: 927
MLS ID: 616514
Updated: 10/3/2025
Added to Site: 120 day(s) ago

Interior

Interior Features: Drapes/Blinds Incl, Smoke Alarms, Quartz Countertops, Walk-in Closet(s), Storage, Split Bedroom
Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Refrigerator, Dishwasher, Dryer
Furnished: Yes
Furnishings: Furnished

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

Bedrooms

Total Bedrooms: 2

Additional Information

Shared Amenities: Tennis Courts, Bike Paths, Airstrip, Beach, Manager on Premises
Pool: Yes
Pool Description: In Ground, Concrete

Exterior

Exterior Features: Lighting, Storage, Sprinkler System, Sandy Beach
Deck/Patio: Open Porch/Balcony

Parking

Garage Spaces: 2
Carports: Yes
Total Spaces: 2
Parking: Carport, Covered Parking, Off Street Parking, Assigned Parking

Location

Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
County: Monroe
Subdivision: Key Colony Bch Club (53.5)
Driving Directions: From US-1 at mile marker 53.5, turn onto Sadowski Causeway. Stay left onto E. Ocean Drive and continue to 501. Unit 9 is located in the first building of KCBC on the 2nd floor.
Direction Faces: E

Community

Assoc. Fees Include: Cable, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Water, Sewer
Pet Restrictions: Owners Only - 2 pets

Heating & Cooling

Cooling Type: Central Air, Ceiling Fans(s)
Heating Type: Central, Electric

Utilities

Water: Ocean View
Utility Description: FKAA, Cable Available, Buyer to Verify, Municipal Sewer, Community Swr Plant

Structural Information

Architectural Style: Condo
Construction Status: New Construction
Construction: Concrete
Roof: Concrete Roof
Windows/Doors: Sliding Glass Doors, Impact Rstnce Window, Impact Rstnce Doors
Sprinklers: Yes
Wiring: Cable
Entry Floor Number: 2
Square Feet: 972
Sq. Ft. Source: Property Data Card
Year Built: 2023
Property Condition: New Construction

Unit Information

Unit Floor in Bldg.: 2
Unit Type: Complex

Lot Features

Zoning: R-3 - Multi Unit Res

Water Features

Water Front: Yes
Water View: Yes
Water Front Type: Oceanfront
Dock Description: None

Financial Considerations

Association Fee: Yes
Association Fee: $3,821
Assoc Fee Freq.: Quarterly
Tax Amount: $4,793
Tax Year: 2024
Terms: Cash, Conventional

Disclosures and Reports

Legal Description: UNIT 9 KEY COLONY BEACH CLUB A CONDO OR901-1292 OR1865-1202 OR1873-998 OR2474-2329 OR2584-2446 OR3233-371 OR3233-503 OR3
Flood Zone: AE, AE, VE, VE, AE
Rentals Allowed: Yes
APN: 00073990-000900

Listed by RE/MAX All Keys Real Estate, Aryl Robison (305) 781-7506

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Listing agent

— 501 E Ocean Dr #9 —

Aryl Robison

RE/MAX All Keys Real Estate

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Schools

Schools serving 501 E Ocean Dr #9

School District:Monroe County School District, Middle Torch Key, FL

Name	Grades	Distance
Stanley Switlik Elementary School 3400 Overseas Highway, Marathon, FL 33050	PK-5	4.9 mi
Marathon School 350 Sombrero Beach Road, Marathon, FL 33050	6-12	4 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 501 E Ocean Dr #9 Get Price Alerts and Save Property

Date

Details

Price

Change

Source

10/03/2025

Price Reduced

$799,000

-1.96%

MLS

9/17/2025

Listed

$815,000

—

MLS

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

Tax History for 501 E Ocean Dr #9

Year

Property Taxes

Change

Tax Assessment

Change

2024

$4,793

—

$647,500

8%

2024

$4,793

251%

$598,416

581%

2023

$1,367

51%

$87,820

—

2022

$903

-4%

$87,820

—

2021

$943

3%

$87,820

—

2019

$913

-28%

$87,820

—

2018

$1,274

-44%

$87,820

-60%

2017

$2,276

1%

$220,931

—

2016

$2,253

18%

$220,931

41%

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

Estimate the Cost for 501 E Ocean Dr #9

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501 E Ocean Drive #9, Key Colony, FL 33051 (MLS# 616514) is a Condo property with 2 bedrooms and 2 full bathrooms. 501 E Ocean Drive #9 is currently listed for $799,000 and was received on September 17, 2025. Want to learn more about 501 E Ocean Drive #9? 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.

501 E Ocean Dr #9 Key Colony, FL 33051