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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: 10/03/2025

Description

Welcome to Key Colony Beach Club, newly built in 2023 and one of the rare condo communities in the Middle Keys offering weekly rentals. This oceanfront residence combines modern design, exceptional amenities, and a proven record of strong rental income. The spacious 2 bedroom, 2 bathroom layout features 9-foot ceilings, an open living area, and expansive glass sliders that flood the space with natural light and frame endless views of the Atlantic. Step onto the large private balcony where it feels as if you could reach out and touch the ocean — a truly breathtaking setting for sunrise coffee or evening cocktails. Both the living room and the primary suite enjoy front-row views of the turquoise waters, while each bedroom includes an ensuite bath for privacy and comfort. Sold fully furnished and turn-key, this condo is move-in ready and already generating income through an active rental program. Community amenities include a heated oceanfront pool, sandy beach, Tiki Huts, a fishing pier currently under construction, an elevator, a private storage closet, and a covered parking space for two cars. The HOA fee covers cable, Wi-Fi, water, building insurance, and more, making ownership easy and convenient. Located in sought-after Key Colony Beach, you'll enjoy a walkable island lifestyle with easy access to restaurants, marinas, golf, pickleball, tennis, playgrounds, Sunset Park, and more. Experience the feeling of living right on the water — where the ocean is your backdrop and every day feels like a vacation.

More Information MLS# 616514

Contract Information

Listing Board: Florida Keys As is Rght to Inspct: Yes Species List: No Current Price: $799,000 Listing Date: 2025-09-16 List Price: $799,000

Location, Tax & Legal

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 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 SqFt: 0 Unit/Complex: Complex Pool: Yes Total Units: 32 SqFt Source: Property Data Card Rentals Allowed: Yes Min Rental Days: 7 Floor Number: 2 Style: Condo Year Built: 2023 Living Apx SqFt: 972 Total Bedrooms: 2 Full Baths: 2 Total Baths: 2

Remarks & Misc

Remarks – Consumer: Welcome to Key Colony Beach Club, newly built in 2023 and one of the rare condo communities in the Middle Keys offering weekly rentals. This oceanfront residence combines modern design, exceptional amenities, and a proven record of strong rental income. The spacious 2 bedroom, 2 bathroom layout features 9-foot ceilings, an open living area, and expansive glass sliders that flood the space with natural light and frame endless views of the Atlantic. Step onto the large private balcony where it feels as if you could reach out and touch the ocean — a truly breathtaking setting for sunrise coffee or evening cocktails. Both the living room and the primary suite enjoy front-row views of the turquoise waters, while each bedroom includes an ensuite bath for privacy and comfort. Sold fully furnished and turn-key, this condo is move-in ready and already generating income through an active rental program. Community amenities include a heated oceanfront pool, sandy beach, Tiki Huts, a fishing pier currently under construction, an elevator, a private storage closet, and a covered parking space for two cars. The HOA fee covers cable, Wi-Fi, water, building insurance, and more, making ownership easy and convenient. Located in sought-after Key Colony Beach, you'll enjoy a walkable island lifestyle with easy access to restaurants, marinas, golf, pickleball, tennis, playgrounds, Sunset Park, and more. Experience the feeling of living right on the water — where the ocean is your backdrop and every day feels like a vacation. 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.

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Condo Doc's: Yes Assoc Approval Req: Yes Association Fee $: 3821 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 Microwave: 1 Oven: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1

Pets

Pets w/Restrictions: Owners Only - 2 pets

Cooling

Ceiling Fans(s): 1 Central Air: 1

Heating

Central: 1 Electric: 1

Waterfront

Oceanfront: 1

Waterview

Ocean View: 1

Neighborhood Feature

Airstrip: 1 Beach: 1 Bike Paths: 1 Manager on Premises: 1 Tennis Courts: 1

Interior Features

Drapes/Blinds Incl: 1 Quartz Countertops: 1 Smoke Alarms: 1 Split Bedroom: 1 Storage: 1 Walk-in Closet(s): 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

Car(s): 2 Carport: 1 Covered Parking: 1 Assigned Parking: 1 Off Street Parking: 1

Construction

Concrete: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Furnished: 1

Terms

Cash: 1 Conventional: 1

Utilities

Buyer to Verify: 1 Cable Available: 1 Community Swr Plant: 1 FKAA: 1 Municipal Sewer: 1

Porch/Balcony

Open Porch/Balcony: 1

Title

Title Ins - Buyer: 1

Exterior Features

Lighting: 1 Sandy Beach: 1 Sprinkler System: 1 Storage: 1

Pool Info

In Ground: 1 Concrete: 1

Pre-Wired

Cable: 1

Roof

Concrete Roof: 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; 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
Listing Office: RE/MAX All Keys Real Estate
Last Updated: October - 03 - 2025
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.