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1133 W Ocean Drive 7, Key Colony, FL 33051

$699,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,929 Status: Active
Current Price: $699,000 List Date: 2/04/2026 Last Modified: 2/19/2026

Overview

Description

Discover refined coastal elegance at 1133 W Ocean Drive, Unit #7, an exceptional 3-bedroom, 3-bath oceanfront townhome offering 1,929 square feet of coastal living in the highly sought-after Key Colony Point community. This property blends luxury lifestyle with strong income potential allowing 7-day rentals, making it ideal as both a vacation getaway and a savvy investor. Floor-to-ceiling coastal views unfold from the main floor expansive private open-air balcony overlooking the Atlantic Ocean, oceanfront pool, and lush tropical landscaping. While most people walk to Sunset Park to enjoy sunsets, this residence offers rare, front-row sunset views directly from your own waterfront balcony—an amenity few properties in Key Colony Beach can claim. Designed for effortless island living, the spacious layout offers generous bedroom suites, inviting living spaces, and seamless indoor-outdoor flow ideal for perfect for maximizing guest satisfaction and repeat bookings. Owners and guests en ...

Listing Details MLS# 618469

Location, Tax & Legal

Street #
1133
Direction
W
Street Name
Ocean
Street Suffix
Drive
Key/Island
Key Colony
State/Province
FL
Zip Code
33051
County
Monroe
Subdivision
Key Colony Point (53.5)
Area
17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
Unit #
7
City
KEY COLONY
Mile Marker
53.5
Marathon Neighborhood
Marathon East - Gulf (Airport to Vaca)
Side
Ocean
Alternate Key #
8637233
Zoning
R-3 - Multi Unit Res
Deed Restrictions
Unknown
Taxes
7827.78
Tax Year
2025
Pub Sewer HkUp
Yes

Contract Information

Listing Board
Marathon/Lower Keys

General Property Description

Realtor.COM Type
Residential - Condo/Townhouse
Style
Townhouse
Waterfront
Yes
Unit/Complex
Unit
Pool
Yes
Year Built
1982
Living Apx SqFt
1929
SqFt Source
Tax Records
Total Bedrooms
3
Full Baths
3
Total Baths
3
Rentals Allowed
Yes
Control Depth
0
Lot SqFt
0

Association Info

Mandatory Home Owners Asc
Yes
1st Right of Refusal
Yes
Association Fee $
3825
Assoc/Mnt Fee Per
Monthly

Building Style

Above Flood
Yes
Townhouse
Yes

More Information

Pool Info

Heated
Yes
In Ground
Yes
Concrete
Yes

Pets

Pets w/Restrictions
owners only under 20

Remarks & Misc

Remarks – Consumer
Discover refined coastal elegance at 1133 W Ocean Drive, Unit #7, an exceptional 3-bedroom, 3-bath oceanfront townhome offering 1,929 square feet of coastal living in the highly sought-after Key Colony Point community. This property blends luxury lifestyle with strong income potential allowing 7-day rentals, making it ideal as both a vacation getaway and a savvy investor. Floor-to-ceiling coastal views unfold from the main floor expansive private open-air balcony overlooking the Atlantic Ocean, oceanfront pool, and lush tropical landscaping. While most people walk to Sunset Park to enjoy sunsets, this residence offers rare, front-row sunset views directly from your own waterfront balcony—an amenity few properties in Key Colony Beach can claim. Designed for effortless island living, the spacious layout offers generous bedroom suites, inviting living spaces, and seamless indoor-outdoor flow ideal for perfect for maximizing guest satisfaction and repeat bookings. Owners and guests enjoy resort-style amenities including a large oceanfront pool, fishing pier, private beach lounging areas, grilling station, chickee hut, shuffleboard, tennis/pickleball courts, and covered garage parking. The HOA includes building insurance, exterior maintenance, amenities, and on-site management—allowing owners to operate a low-maintenance, high-demand rental with fewer headaches. Whether used as a dedicated income-producing asset or a hybrid personal-use investment, this townhome stands out as a rare combination of flexible rental terms and income scalability. This townhome presents a rare entry point into an exclusive oceanfront community, offering exceptional value in a premier coastal setting prime oceanfront location. Whether as a private coastal retreat, a high-performing vacation rental, or a blend of both, this oceanfront opportunity delivers location, views, and versatility all in one exceptional property. Call today!
Directions
US 1 to Sadowski CSWY -Right to W Ocean Dr

Fee Includes

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

Dockage

None
Yes

Tax Exemptions

None
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Cooling

Ceiling Fans(s)
Yes
Central Air
Yes

Waterfront

Oceanfront
Yes
Open Water
Yes

Waterview

Ocean View
Yes
Open Water View
Yes

Floor

Tile
Yes

Neighborhood Feature

Beach
Yes
Bike Paths
Yes
Community Boat Ramp
Yes
Manager on Premises
Yes
Tennis Courts
Yes

Interior Features

Drapes/Blinds Incl
Yes
Walk-in Closet(s)
Yes
Window Treatments
Yes

Specialty Rooms

Laundry Room
Yes

Windows/Doors

Sliding Glass Doors
Yes

Vehicle Storage

Covered Parking
Yes

Security

Patrolled Area
Yes

Construction

CBS
Yes
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
FKAA
Yes
Sewer Available
Yes

Porch/Balcony

Open Porch/Balcony
Yes
Patio
Yes
Screened Patio
Yes

Exterior Features

Chickee Hut
Yes
Hot Tub
Yes
Outdoor Shower
Yes
Sandy Beach
Yes
Tennis Court(s)
Yes

Pre-Wired

Cable
Yes

Roof

Metal Roof
Yes

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Exterminating; Sewer; Water Tax Exemptions: None Waterfront: Oceanfront; Open Water Waterview: Ocean View; Open Water View Dockage: None Building Style: Townhouse Vehicle Storage: Covered Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Utilities: Buyer to Verify; Cable Available; FKAA; Sewer Available Interior Features: Drapes/Blinds Incl; Walk-in Closet(s); Window Treatments Pre-Wired: Cable Specialty Rooms: Laundry Room Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Exterior Features: Chickee Hut; Hot Tub; Outdoor Shower; Sandy Beach; Tennis Court(s) Pool Info: In Ground; Concrete Construction: CBS; Concrete Floor: Tile Roof: Metal Roof Neighborhood Feature: Beach; Bike Paths; Community Boat Ramp; Manager on Premises; Tennis Courts Security: Patrolled Area Land Size: Less Than 1/4 Acre Terms: Cash; Conventional
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: February - 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.