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$965,000
501 E Ocean Drive, #32
Key Colony, FL 33051
MLS# 605953
Status: Closed
2 beds  |  2 baths  |  1001 sqft

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501 E Ocean Drive, #32, Key Colony, FL 33051
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Property Description
Dreams do come true and this is the unit you have been waiting for! You will fall in love... with the unobstructed OPEN WATER views and the sounds of the waves at this one-of-a-kind, 2 bed/2 bath, brand NEW OCEAN FRONT PENTHOUSE. The construction is nearing completion and is ready to call your new island retreat! You will notice ocean views from every angle & will truly appreciate the OPEN CONCEPT living, dining & kitchen complete with impact resistant windows & doors! An expansive direct ocean front balcony awaits you, with plenty of room for soaking in the sun & sea breezes along with 9 ft tall ceilings to allow for plenty of light to pour in. Notable features of this unit include; one of only two, ocean front penthouses at the complex, new modern kitchen with stainless steel appliances and quartz counter tops, new luxury vinyl plank flooring thought-out. 2 coastal modern ensuite tiled walk-in showers with vanities & mirrors. Washer & Dryer conveniently located in the guest suite and central Air with new ceiling fans. The unit is just steps to the white sandy beach ... & gorgeous blue water and close to the heart of Key Colony Beach. Weekly vacation rentals are allowed. Elevator located in the building. The unit comes with two assigned & covered parking spaces with a private owner's storage. Call us today, the location of this unit is highly sought after and will not last long! This is your opportunity to be the first to make this NEW Ocean Front Penthouse yours! *Pool and courtyard landscaping anticipated completion Sept 2023. Condo association will be finalized by end of August. Key Colony Beach Club is located in a very safe and family friendly neighborhood with plenty of outdoor activities and local restaurants to enjoy. Other notable feature include, Par 3 golf course, tennis courts, sunset park, bike & walking paths. Non member agents must call the listing agent for commission % prior to showing.

Details
Maps
Documents
Contract Information
Current Price: $890,000
Listing Date: 2023-07-13
Listing Board: Marathon/Lower Keys
Sold Price: $890,000
As is Rght to Inspct: Yes
Species List: Yes
Location, Tax & Legal
Street #: 501
Direction: E
Street Name: Ocean
Street Suffix: Drive
Unit #: #32
Key/Island: Key Colony
State/Province: FL
Zip Code: 33051
Off Shore Island: No
County: Monroe
Subdivision: Key Colony Bch Club (53.5)
Mile Marker: 53.5
Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
Side: Ocean
Flood Zone: AE,AE,VE,VE,AE
Alternate Key #: 8556004
Parcel #: 00073990-003200
Zoning: R-3 - Multi Unit Res
Deed Restrictions: Yes
Legal: UNIT 32 KEY COLONY BEACH CLUB APARTMENTS OR901-1292/93
Taxes: 1036.97
Tax Year: 2022
Pub Sewer HkUp: Yes
General Property Description
Realtor.COM Type: Residential - Condo/Townhouse
Style: Condo
Waterfront: Yes
Unit/Complex: Unit
Pool: Yes
Year Built: 2023
Total Units: 32
Lot Sqft Source: Property Data Card
Living Apx SqFt: 1001
SqFt Source: Appraisal
Total Bedrooms: 2
Full Baths: 2
Total Baths: 2
Rentals Allowed: Yes
Min Rental Days: 7
Remarks & Misc
Remarks – Consumer: Dreams do come true and this is the unit you have been waiting for! You will fall in love... with the unobstructed OPEN WATER views and the sounds of the waves at this one-of-a-kind, 2 bed/2 bath, brand NEW OCEAN FRONT PENTHOUSE. The construction is nearing completion and is ready to call your new island retreat! You will notice ocean views from every angle & will truly appreciate the OPEN CONCEPT living, dining & kitchen complete with impact resistant windows & doors! An expansive direct ocean front balcony awaits you, with plenty of room for soaking in the sun & sea breezes along with 9 ft tall ceilings to allow for plenty of light to pour in. Notable features of this unit include; one of only two, ocean front penthouses at the complex, new modern kitchen with stainless steel appliances and quartz counter tops, new luxury vinyl plank flooring thought-out. 2 coastal modern ensuite tiled walk-in showers with vanities & mirrors. Washer & Dryer conveniently located in the guest suite and central Air with new ceiling fans. The unit is just steps to the white sandy beach ... & gorgeous blue water and close to the heart of Key Colony Beach. Weekly vacation rentals are allowed. Elevator located in the building. The unit comes with two assigned & covered parking spaces with a private owner's storage. Call us today, the location of this unit is highly sought after and will not last long! This is your opportunity to be the first to make this NEW Ocean Front Penthouse yours! *Pool and courtyard landscaping anticipated completion Sept 2023. Condo association will be finalized by end of August. Key Colony Beach Club is located in a very safe and family friendly neighborhood with plenty of outdoor activities and local restaurants to enjoy. Other notable feature include, Par 3 golf course, tennis courts, sunset park, bike & walking paths. Non member agents must call the listing agent for commission % prior to showing.
Directions: From US 1 turn onto Sadowski Causeway. Turn left onto E Ocean Drive. Property will be the yellow complex to your right. Unit is the Top floor Ocean front penthouse on the eastern side.
Status Change Info
Sold Date: 2023-09-18
Sold Price: $890,000
Sold Comments: Thank you Lisa Habecker :)!
Status: Closed
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 3000
Assoc/Mnt Fee Per: Quarterly
Building Style
Above Flood: Yes
Stilt Column Height: Tall - 10Ft & Over
Stories: 2 Stories
Vehicle Storage
Car(s): 2
Property Features
Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Sewer; Water
Tax Exemptions: None
Waterfront: Oceanfront; Open Water
Waterview: Ocean View; Open Water View
Dockage: None
Property Condition: New Construction
Vehicle Storage: Carport; Assigned Parking; Guest Parking
Furnished: Unfurnished
Cooling: Ceiling Fans(s); Central Air
Porch/Balcony: Deck; Open Porch/Balcony
Utilities: Buyer to Verify; Elect Separate Meter; FKAA
Interior Features: Elevator; Quartz Countertops
Pre-Wired: Cable
Specialty Rooms: Laundry Room
Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features: Sandy Beach; Storage
Pool Info: In Ground; Concrete
Construction: CBS; Combo Construction; Frame
Windows/Doors: Impact Rstnce Doors; Impact Rstnce Window
Floor: Vinyl
Neighborhood Feature: Airstrip; Beach; Bike Paths; Community Boat Ramp; Community Pool; Manager on Premises; Other Area Features
Security: Patrolled Area
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional
Title: Title Ins - Buyer

Listing Office: Coldwell Banker Schmitt Real Estate Co.

Last Updated: September - 18 - 2023


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