501 E Ocean Drive 28, Key Colony Beach, FL 33051

New Listing
$749,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,188 Status: Active
Current Price: $749,000 List Date: 7/07/2026 Last Modified: 7/08/2026

Overview

Description

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 under construction, 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.

Listing Details MLS# A12049453

General Property Information

Unit Floor #
2
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1188
Living Area Main
972
Year Built
2023
Senior Community YN
Yes
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
3
Furnished
Furnished

Property Features

Application Information: Other Approvals Association Amenities: Maintenance Association Fee Includes: Maintenance Grounds; Sewer; Water Flooring: Ceramic Tile Parking Features: Assigned; Guest Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Electric Range; Ice Maker; Microwave; Oven; Refrigerator; Washer Water Heater Details: Electric Water Heater Construction Materials: Block Cooling: Ceiling Fan(s); Central Air; Electric Association Type: Condominium Heating: Central; Electric Listing Terms: Cash; Conventional; FHA; VA Loan Pets Allowed YN: Yes Possession: Negotiable Restrictions: Limited # Vehicles; See Remarks Security Features: Security Patrol; Smoke Detector(s) Special Information: Sold As-Is Tax Information: Tax Reflects No Exemptions Water Access: Deeded Beach Access Water View: Ocean Waterfront Features: Ocean Front Showing Requirements: 24 Hour Notice; Call Listing Agent Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open

Contract Information

Comp Sale YN
No
Original List Price
749000
Occupant Type
Call Listing Agent

Location and Legal

Country
United States
County Or Parish
Monroe
County Parish Name
Monroe
Street Number
501
Street Direction Prefix
E
Street Name
Ocean
Street Suffix
Drive
Unit Number
28
City Name
Key Colony Beach
State Or Province
FL
Postal Code
33051
Postal Zip
33051
Subdivision Name
KEY COLONY BEACH CLUB
Area
5940 - Other Florida County
Geographic Area
Other
Elementary School
Stanley Switlik
Middle Or Junior School
Marathon
High School
Coral Shores
Special Assessment YN
No
Parcel Number
00073990002800
Flood Zone
AE,VE

Financial Information

Association YN
Yes
Association Fee
4250
Association Fee Frequency
Quarterly
Estimated Monthly Assoc Recurring Fee
1417
Membership Fee Required YN
No
Tax Annual Amount
6500
Tax Year
2025
Tax 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
Membership Fee Amount
0

Status Change Information

Major Change Timestamp
2026-07-07T04:00:00Z
Major Change Type
New Listing
Status Change Date
2026-07-08

More Information

Entry Information

Entry Level
Yes

Parking Information

Parking Space Number
2

Leasing Restrictions

Leasing - Max Times Per Year
Yes
Leasing - Minimum Number of Days
365

Price Calculations

Current Price To SqFt
770.57

Section Details

Parcel Number MLX
7399

Originating Details

Originating System Key
526897834
Originating System ID
M00000151

Office/Member Information

DXORIGMLSID
SEF

Application Fee Details

Application Fee
0

Application Information

Other Approvals
Yes

Amenities

Golf Course
Yes
Heated Pool
Yes
Jogging Path
Yes
Playground
Yes
Pool
Yes
Tennis Court(s)
Yes

Association Amenities

Maintenance
Yes

Association Fee Includes

Maintenance Grounds
Yes
Sewer
Yes
Water
Yes

Flooring

Ceramic Tile
Yes

Parking Features

Assigned
Yes
Guest
Yes

Property Condition

Resale
Yes

Possession

Negotiable
Yes

Special Information

Sold As-Is
Yes

Heating

Central
Yes
Electric
Yes

Water Access

Deeded Beach Access
Yes

Water View

Ocean
Yes

Appliances

Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Electric Range
Yes
Ice Maker
Yes
Microwave
Yes
Oven
Yes
Refrigerator
Yes
Washer
Yes

Construction Materials

Block
Yes

Listing Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA Loan
Yes

Security Features

Security Patrol
Yes
Smoke Detector(s)
Yes

Waterfront Features

Ocean Front
Yes

Water Heater Details

Electric Water Heater
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
Electric
Yes

Association Type

Condominium
Yes

Showing Requirements

24 Hour Notice
Yes
Call Listing Agent
Yes

Master Bedroom/Bath

Bedroom On Entry Level
Yes
Separate Shower
Yes

Pets Allowed YN

Yes
Yes

Restrictions

Limited # Vehicles
Yes
See Remarks
Yes

Tax Information

Tax Reflects No Exemptions
Yes

Outdoor Living Spaces

Balcony
Yes

Balcony Details

Balcony - Open
Yes
IDX
Listing Office: Keller Williams Capital Realty
Last Updated: July - 08 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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