# 501 E Ocean Drive, Key Colony, FL 33051

> **TL;DR:** 2bd/2ba condo, $799,000 ($822/sqft), built 2023, 972 sqft.
> Pool, Waterfront, View, A/C. Est. $5,004/mo. Listed 258 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $799,000 |
| Price/sqft | $822 |
| Bedrooms | 2 |
| Bathrooms | 2 full |
| Square Feet | 972 |
| Year Built | 2023 |
| Property Type | Condo (Condominium) |
| Status | For Sale |
| Days on Market | 258 |

## Why This Home Stands Out

- **Pool** - Porch
- **Waterfront** - Direct water access
- **Views** - Ocean

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,462 |
| HOA | $1,542 |
| **Total** | **$5,004** |

## Key Amenities

- Pool
- Waterfront
- View
- A/C

## Property Highlights

- Built in 2023
- Private pool
- Waterfront

## Description

### Agent 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 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.

## Location

- **Address:** 501 E Ocean Drive, Key Colony, FL 33051
- **County:** Monroe
- **Neighborhood:** Key Colony Bch Club (53.5)
- **Coordinates:** 24.719963, -81.01668
- **Google Maps:** https://www.google.com/maps?q=24.719963,-81.01668

## Listing Agent

- **Name:** Aryl Robison
- **Brokerage:** RE/MAX All Keys Real Estate
- **Phone:** 3057817506
- **Email:** TRGTheKeys@gmail.com

## Primary Photo

![501 E Ocean Drive - Primary Photo](http://lh.rdcpix.com/1caac376341230ba483945767226e6a6l-f2121897819r.jpg)

*46 total photos available on [listing page](https://www.propertysimple.com/listing/501-e-ocean-drive-key-colony-fl-33051-l616514)*

---

**MLS#:** 616514 | **Updated:** 2026-06-17
**Source:** listhub

*Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/501-e-ocean-drive-key-colony-fl-33051-l616514)

---

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