501 E Ocean Drive 9, Key Colony, FL 33051 (MLS# 616514)

501 E Ocean Drive 9, Key Colony, FL 33051

$799,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 972 Status: Active

Current Price: $799,000 List Date: 9/17/2025 Last Modified: 3/19/2026

Overview

Description

Rarely does a 2023 oceanfront masterpiece become available in the heart of the Middle Keys with the highly coveted ability to offer weekly rentals. Welcome to Key Colony Beach Club, the newest premier community in the area. This turn-key 2-bedroom, 2-bathroom residence offers the ultimate in modern coastal living, featuring high-impact glass, 9-foot ceilings, and a layout designed to maximize natural light. The spacious private balcony sits so close to the Atlantic that the ocean becomes your front yard, providing the perfect backdrop for sunrises and evening breezes. Both the primary suite and living area offer direct, unobstructed views of the turquoise waters. Sold fully furnished and currently operating as a high-performing vacation rental, this property is ready for immediate enjoyment or income. Community amenities include a heated oceanfront pool, private sandy beach, Tiki huts, an elevator, and a new fishing pier currently under construction. Owners also benefit from a private ... (Read more)

Listing Details MLS# 616514

Location, Tax & Legal

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
Unit #: 9
City: KEY COLONY
Off Shore Island: No
Mile Marker: 53.5
Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
Side: Ocean
Flood Zone: AE,AE,VE,VE,AE
Alternate Key #: 8555776
Parcel #: 00073990-000900
Zoning: R-3 - Multi Unit Res
Deed Restrictions: Unknown
Legal: UNIT 9 KEY COLONY BEACH CLUB A CONDO OR901-1292 OR1865-1202 OR1873-998 OR2474-2329 OR2584-2446 OR3233-371 OR3233-503 OR3
Taxes: 4793.44
Tax Year: 2024
Pub Sewer HkUp: Yes

Contract Information

Listing Board: Florida Keys
As is Rght to Inspct: Yes
Species List: No

General Property Description

Realtor.COM Type: Residential - Condo/Townhouse
Style: Condo
Waterfront: Yes
Unit/Complex: Complex
Pool: Yes
Year Built: 2023
Total Units: 32
Living Apx SqFt: 972
SqFt Source: Property Data Card
Total Bedrooms: 2
Full Baths: 2
Total Baths: 2
Floor Number: 2
Rentals Allowed: Yes
Min Rental Days: 7
Control Depth: 0
Lot SqFt: 0

Association Info

Mandatory Home Owners Asc: Yes
Condo Doc's: Yes
1st Right of Refusal: No
Assoc Approval Req: Yes
Association Fee $: 1541.58
Assoc/Mnt Fee Per: Monthly

Building Style

Above Flood: Yes

More Information

Vehicle Storage

Car(s): 2
Carport: Yes
Covered Parking: Yes
Assigned Parking: Yes
Off Street Parking: Yes

Pets

Pets w/Restrictions: Owners Only - 2 pets

Remarks & Misc

Remarks – Consumer: Rarely does a 2023 oceanfront masterpiece become available in the heart of the Middle Keys with the highly coveted ability to offer weekly rentals. Welcome to Key Colony Beach Club, the newest premier community in the area. This turn-key 2-bedroom, 2-bathroom residence offers the ultimate in modern coastal living, featuring high-impact glass, 9-foot ceilings, and a layout designed to maximize natural light. The spacious private balcony sits so close to the Atlantic that the ocean becomes your front yard, providing the perfect backdrop for sunrises and evening breezes. Both the primary suite and living area offer direct, unobstructed views of the turquoise waters. Sold fully furnished and currently operating as a high-performing vacation rental, this property is ready for immediate enjoyment or income. Community amenities include a heated oceanfront pool, private sandy beach, Tiki huts, an elevator, and a new fishing pier currently under construction. Owners also benefit from a private storage closet and covered parking for two vehicles. The quarterly HOA is inclusive of cable, Wi-Fi, water, and building insurance. Embrace the walkable Key Colony Beach lifestyle with easy access to golf, pickleball, marinas, and fine dining. This is the modern island retreat you have been waiting for.
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.

Fee Includes

Bldg Exterior Mnt: Yes
Building Insurance: Yes
Cable: Yes
Common Area Mnt: Yes
Sewer: Yes
Water: Yes

Dockage

None: Yes

Tax Exemptions

None: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Oven: Yes
Refrigerator: Yes
Stainless Steel Appliance(s): Yes
Washer: Yes

Cooling

Ceiling Fans(s): Yes
Central Air: Yes

Heating

Central: Yes
Electric: Yes

Waterfront

Oceanfront: Yes

Waterview

Ocean View: Yes

Neighborhood Feature

Airstrip: Yes
Beach: Yes
Bike Paths: Yes
Manager on Premises: Yes
Tennis Courts: Yes

Interior Features

Drapes/Blinds Incl: Yes
Quartz Countertops: Yes
Smoke Alarms: Yes
Split Bedroom: Yes
Storage: Yes
Walk-in Closet(s): Yes

Property Condition

New Construction: Yes

Windows/Doors

Impact Rstnce Doors: Yes
Impact Rstnce Window: Yes
Sliding Glass Doors: Yes

Construction

Concrete: Yes

Land Size

Less Than 1/4 Acre: Yes

Furnished

Furnished: Yes

Terms

Cash: Yes
Conventional: Yes

Utilities

Buyer to Verify: Yes
Cable Available: Yes
Community Swr Plant: Yes
FKAA: Yes
Municipal Sewer: Yes

Porch/Balcony

Open Porch/Balcony: Yes

Title

Title Ins - Buyer: Yes

Exterior Features

Lighting: Yes
Sandy Beach: Yes
Sprinkler System: Yes
Storage: Yes

Pool Info

In Ground: Yes
Concrete: Yes

Pre-Wired

Cable: Yes

Roof

Concrete Roof: Yes

GF-Interior Features

Tankless Hot Wtr Htr: Yes

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; Assigned Parking; Covered Parking; Off Street Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Heating: Central Utilities: Buyer to Verify; Cable Available; Community Swr Plant; FKAA; Municipal Sewer Interior Features: Drapes/Blinds Incl; Quartz Countertops; Smoke Alarms; Split Bedroom; Storage; Walk-in Closet(s) Pre-Wired: Cable Appliances: Dishwasher; Dryer; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Lighting; Sandy Beach; Sprinkler System; Storage Pool Info: In Ground; Concrete Construction: Concrete Roof: Concrete Roof Neighborhood Feature: Airstrip; Beach; Bike Paths; Manager on Premises; Tennis Courts Land Size: Less Than 1/4 Acre Terms: Cash; Conventional Title: Title Ins - Buyer GF-Interior Features: Tankless Hot Wtr Htr

Documents

KCBC Rules & Regulations ›

KCBC #9 Facts & Features ›

Listing Office: RE/MAX All Keys Real Estate

Last Updated: March - 19 - 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.