Residential

501 Ocean Drive, KEY COLONY

$799,000.00

Bedroom 2 bedrooms
Bathroom 2 baths

  • MLS #: 616514
  • Address: 501 Ocean Drive, KEY COLONY, FL 33051
  • SQFT: 972
  • Restrictions: Unknown

Location Location

Agent Comments Agent Comments
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.

Amenities Amenities
  • Washer
  • Stainless Steel Appliance(s)
  • Microwave
  • Oven
  • Refrigerator
  • Dishwasher
  • Dryer

Interior Features Interior Features
  • Cool System: Central Air, Ceiling Fans(s)
  • Heat System: Central, Electric
  • Interior: Drapes/Blinds Incl, Smoke Alarms, Quartz Countertops, Walk-in Closet(s), Storage, Split Bedroom

Exterior Features Exterior Features
  • Parking: Carport, Covered Parking, Off Street Parking, Assigned Parking
  • Roof: Concrete Roof
  • Pool: Yes
  • Exterior: Lighting, Storage, Sprinkler System, Sandy Beach

Additional Features Additional Features
  • County: Monroe
  • Property Type: Key Colony Bch Club (53.5)
  • Tax Number: 00073990-000900
  • Waterfront Features: Oceanfront
  • Water/Sewer: FKAA, Cable Available, Buyer to Verify, Municipal Sewer, Community Swr Plant
  • Year Built: 2023