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$749,000
501 E Ocean Drive 28
Key Colony, FL 33051
MLS# 620564
2 beds  |  2 baths  |  972 sqft


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Property 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 vacation rental in place, 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.

Details
Maps
Documents
Contract Information
Listing Board: Florida Keys
As is Rght to Inspct: Yes
Species List: No
Current Price: $749,000
Listing Date: 2026-07-07
List Price: $749,000
Location, Tax & Legal
Unit #: 28
City: KEY COLONY
Off Shore Island: No
Mile Marker: 53.5
Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
Senior Community YN: No
Side: Ocean
Flood Zone: AE,AE,VE,VE,AE
Alternate Key #: 8555962
Parcel #: 00073990002800
Zoning: R-3 - Multi Unit Res
Deed Restrictions: Unknown
Legal: Unit 28 Key Colony Beach Club A Condo Or444-563 Or901-1292 Or2135-1610 Or2676-1422 Or2750-1635 Or3233-371 Or3233-503 Or3
Taxes: 6500
Tax Year: 2025
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 Size: X
Lot SqFt: 0
Unit/Complex: Complex
Pool: No
Acres: 0
SqFt Source: Property Data Card
Rentals Allowed: Yes
Style: Condo
Year Built: 2023
Living Apx SqFt: 972
Total Bedrooms: 2
Full Baths: 2
Total Baths: 2
Remarks & Misc
Remarks – Consumer: 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 vacation rental in place, 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.
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Condo Doc's: Yes
Assoc Approval Req: Yes
Association Fee $: 4250
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
Dryer: 1
Ice Machine: 1
Microwave: 1
Range: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Washer: 1
Pets
Pets w/Restrictions: Owners Only - 2 pet
Cooling
Ceiling Fans(s): 1
Central Air: 1
Heating
Central: 1
Electric: 1
Waterfront
Oceanfront: 1
Waterview
Ocean View: 1
Floor
Tile: 1
Neighborhood Feature
Airstrip: 1
Beach: 1
Bike Paths: 1
Manager on Premises: 1
Tennis Courts: 1
Interior Features
Quartz Countertops: 1
Property Condition
New Construction: 1
Building Style
Above Flood: Yes
Windows/Doors
Impact Rstnce Doors: 1
Impact Rstnce Window: 1
Sliding Glass Doors: 1
Vehicle Storage
Carport: 1
Covered Parking: 1
Guest Parking: 1
Off Street Parking: 1
Security
Patrolled Area: 1
Construction
CBS: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Furnished: 1
Terms
Cash: 1
Conventional: 1
FHA: 1
VA: 1
Utilities
Buyer to Verify: 1
Cable Available: 1
Elect Separate Meter: 1
FKAA: 1
Municipal Sewer: 1
Water Separate Meter: 1
Porch/Balcony
Open Porch/Balcony: 1
Exterior Features
Lighting: 1
Sandy Beach: 1
Sprinkler System: 1
Storage: 1
Pre-Wired
Cable: 1
Roof
Concrete Roof: 1
Financial Status
Standard Sale: Yes
Accessibility Feat
Parking: 1
GF-Interior Features
Tankless Hot Wtr Htr: 1
Status Change Info
Status: Active
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: Carport; Covered Parking; Guest Parking; Off Street Parking
Furnished: Furnished
Cooling: Ceiling Fans(s); Central Air
Heating: Central
Utilities: Buyer to Verify; Cable Available; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter
Interior Features: Quartz Countertops
Pre-Wired: Cable
Appliances: Dishwasher; Dryer; Ice Machine; Microwave; Range; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features: Lighting; Sandy Beach; Sprinkler System; Storage
Accessibility Feat: Parking
Construction: CBS
Floor: Tile
Roof: Concrete Roof
Neighborhood Feature: Airstrip; Beach; Bike Paths; Manager on Premises; Tennis Courts
Security: Patrolled Area
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; FHA; VA
GF-Interior Features: Tankless Hot Wtr Htr

Listing Office: Keller Williams Capital Realty - Coral Gables

Last Updated: July - 08 - 2026

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.