Condo in 501 E Ocean Drive 28, Key Colony Beach, FL 33051 for sale with MLS# A12049453

Rarely does a nearly new oceanfront residence with weekly rental eligibility become available in the heart of the Middle Keys. Welcome to Key Colony Beach Club, one of the area's premier waterfront communities.Built in 2023, this beautifully appointed 2-bedroom, 2-bath residence offers impact-rated glass, 9-foot ceilings, abundant natural light, and an expansive private balcony with breathtaking Atlantic Ocean views from both the living area and primary suite. Offered fully furnished and currently operating as a successful vacation rental, it's ready for immediate enjoyment or investment.Residents enjoy a heated oceanfront pool, private sandy beach, tiki huts, elevator access, a new fishing pier, private storage, and covered parking for two vehicles. The quarterly HOA includes building insurance, water, cable, and high-speed internet. Ideally located within walking distance to golf, pickleball, marinas, waterfront dining, and all that Key Colony Beach has to offer.

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501 E Ocean Drive 28, Key Colony Beach, FL 33051

Price
Price:
$749,000.00
Original List Price:
$749,000.00
List Price per Sq Ft (Calculated, Approx.):
$770.57
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Residential
Property Type:
Condominium
Description of Last Important Update:
New Listing
Last Major Update on:
July 7, 2026 4:00 am
Other Special Conditions:
Sold As-is
Rooms Distribution
Bedrooms:
2
Bathrooms Total:
2
Full Bath:
2
Master Bedroom Bath:
Separate Shower, Bedroom On Entry Level
Measures
Living Area:
972 Sqft
Built-Up Area:
1,188 Sqft
Property Features
View from the Property:
Ocean
Waterfront:
Yes
Waterfront Features:
Ocean Front, Deeded Beach Access
Security:
Smoke Detector(s), Security Patrol
Furnished:
Furnished
Appliances:
Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Electric Range, Electric Water Heater, Ice Maker, Oven
Exterior:
Balcony
Air Conditioning
Air Conditioning System:
Central Air, Ceiling Fan(s), Electric
Heating
Heating System:
Central, Electric
Balcony Details:
Balcony - Open
Construction
Year Built:
2023
Levels:
Two
Entry Level (floor):
1
Construction Materials:
Block
Flooring:
Ceramic Tile
Number of stories:
3
Flood Zone Code:
AE,VE
Property Condition:
Resale
Taxes and Expenses
Tax Annual Amount:
$6,500.00
Tax Year:
2025
Association Fee:
$4,250.00
Association Fee Frequency:
Quarterly
Property Tax Details:
Tax Reflects No Exemptions
Parking
Garage Spaces:
0
Covered Spaces:
0
Parking Features:
Assigned, Guest
Community
Association
Application Information:
Other Approvals
Association Type:
Condominium
Pets Allowed?
Lease Number Times per Year Allowed:
1
Amenities Provided by the Homeowner's Association (HOA):
Heated Pool, Pool, Playground, Maintenance, Tennis Court(s), Golf Course, Jogging Path
Subdivision Name:
KEY COLONY BEACH CLUB
Association Fee Includes:
Maintenance Grounds, Sewer, Water, Elevator
Senior Community:
Yes
Restrictions:
Limited # Vehicles, See Remarks
Minimum Days per Lease:
365
Terms
Listing Terms Considered by Seller:
Cash, Conventional, FHA, VA Loan
Buyer Possession:
Negotiable
Zoning and Legal
Tax Legal Description:
UNIT 28 KEY COLONY BEACH CLUB A CONDO OR444-563 OR901-1292 OR2135-1610 OR2676-1422 OR2750-1635 OR3233-371 OR3233-503 OR3241-0492 OR3245-0875
Real Estate Folio Number (Parcel Number):
00073990002800
Public Schools Assigned
Elementary School:
Stanley Switlik
High School:
Coral Shores
Middle Or Junior School:
Marathon
Listing History
Active on the market since:
July 7, 2026
Listing Agreement executed on:
July 7, 2026
Listing Status Last Changed On:
July 7, 2026 4:00 am
Photos updated on:
August 6, 2026 6:24 pm
Last Modified:
August 6, 2026 6:30 pm
Additional Information
Courtesy of:
Keller Williams Capital Realty
Attribution:
Not provided
Location
Floor Number:
2
Street Name:
Ocean
Street Number:
501
Unit Number:
28
City:
Key Colony Beach
State:
Florida
Zip Code:
33051
County:
Monroe
Latitude:
N24° 43' 11.9''
Longitude:
W82° 58' 60''
Street Suffix:
Drive
Street Direction Prefix:
E
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $94,531
Median Home Value $834,800
Median Rent $1,849/mo
Median Age 66
Population 525
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Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.