501 E Ocean Dr, Unit 9

972 Sq. Ft.
$822 / Sq. Ft.
972
Sq. Ft.
$822
per Sq. Ft.

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...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.
  1. Listed by Aryl Robison • RE/MAX All Keys Real Estate

Property Details for 501 East Ocean Drive, Unit 9

Waterfront
Oceanfront
Waterfront
Yes
Zoning
R-3 - Multi Unit Res
Subdivision
Key Colony Bch Club (53.5)
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.
Vehicle Storage
Carport, Covered Parking, Off Street Parking, Assigned Parking
LISTING UPDATED: 02/02/2026 08:11 AM

Property Details for 501 East Ocean Drive, Unit 9

StatusActive
MLS #616514
Days on Market139
Taxes$4,793 / year
HOA Fees$3,821 / quarter
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condo
Year Built1957
CountyMonroe County

Location

Listing Courtesy of RE/MAX All Keys Real Estate
Add your commute

Building Information for 501 East Ocean Drive, Unit 9

Building/Complex501 E Ocean DrFloor-Stories2Residences-Pet PolicyNot AllowedPet Policy Details-Year Built1957

Payment Calculator

$5,567 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,894

Property Taxes

$399

HOA Dues

$1,274

The Payment Calculator is for illustrative purposes only.

Property Information for 501 East Ocean Drive, Unit 9

Summary
Location and General Information
  • Waterview: Ocean View
  • Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
  • Absolute Longitude: 81.01668
  • Control Depth: 0
  • Off Shore Island: No
  • Listing Board: Florida Keys
  • Side: Ocean
  • Unit/Complex: Complex
  • Mile Marker: 53.5
  • Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
  • Neighborhood Feature: Tennis Courts, Bike Paths, Airstrip, Beach, Manager on Premises
  • Key/Island: Key Colony
Taxes and HOA Information
  • Association Info: Mandatory Home Owners Asc: Yes
  • Association Info: Condo Doc's: Yes
  • Association Info: 1st Right of Refusal: No
  • Association Info: Assoc Approval Req: Yes
  • Fee Includes: Cable, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Water, Sewer
  • Furnished: Furnished
  • Tax Year: 2024
  • Tax Exemptions: None
Property
Lot Information
  • Parcel #: 00073990-000900
  • Land Size: Less Than 1/4 Acre
Property and Assessments
  • Legal: UNIT 9 KEY COLONY BEACH CLUB A CONDO OR901-1292 OR1865-1202 OR1873-998 OR2474-2329 OR2584-2446 OR3233-371 OR3233-503 OR3
  • MLS Approved: Y
  • SqFt Source: Property Data Card
  • Flood Zone: AE,AE,VE,VE,AE
  • Rentals Allowed: Yes
  • Deed Restrictions: Unknown
  • Picture Count: 47
  • Document Count: 5
  • Building Style: Above Flood: Yes
  • Property Condition: New Construction
  • Title: Title Ins - Buyer
Utilities
  • Utilities: FKAA, Cable Available, Buyer to Verify, Municipal Sewer, Community Swr Plant
  • Pub Sewer HkUp: Yes
  • Species List: No
  • Pool: Yes
  • Pool Info: In Ground, Concrete
  • Porch/Balcony: Open Porch/Balcony
Interior and Exterior Features
Interior Features
  • Floor Number: 2.0
  • GF-Interior Features: Tankless Hot Wtr Htr
  • Interior Features: Drapes/Blinds Incl, Smoke Alarms, Quartz Countertops, Walk-in Closet(s), Storage, Split Bedroom
  • Pre-Wired: Cable
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Refrigerator, Dishwasher, Dryer
Exterior Features
  • Roof: Concrete Roof
  • Construction: Concrete
  • Dockage: None
  • Exterior Features: Lighting, Storage, Sprinkler System, Sandy Beach
  • Windows/Doors: Sliding Glass Doors, Impact Rstnce Window, Impact Rstnce Doors

Property History for 501 East Ocean Drive, Unit 9

DateEvent & SourcePriceAppreciation
Sep 16, 2025

Price Change

FKMLS #616514

$815,000
Sep 16, 2025

Listed (Active)

FKMLS #616514

$799,000
May 7, 2024

Sold

FKMLS #606803

$777,500
May 6, 2024

Pending

FKMLS #606803

Apr 25, 2024

Backup Contract

FKMLS #606803

Apr 23, 2024

Pending

FKMLS #606803

Sep 28, 2023

Price Change

FKMLS #606803

$855,000
Sep 28, 2023

Price Change

FKMLS #606803

$839,000
Sep 28, 2023

Listed (Active)

FKMLS #606803

$799,980
Sep 27, 2023

Temp Off Market

FKMLS #605912

Aug 4, 2023

Listed (Active)

FKMLS #605912

Jul 29, 2023

Backup Contract

FKMLS #605912

Jul 6, 2023

Listed (Active)

FKMLS #605912

$865,000
Jul 12, 2012

Sold (Public Record)

Public Record #338426024

$205,000
DateEvent & SourcePrice
09/16/2025

Price Change

FKMLS #616514

$815,000
09/16/2025

Listed (Active)

FKMLS #616514

$799,000
05/07/2024

Sold

FKMLS #606803

$777,500
05/06/2024

Pending

FKMLS #606803

04/25/2024

Backup Contract

FKMLS #606803

04/23/2024

Pending

FKMLS #606803

09/28/2023

Price Change

FKMLS #606803

$855,000
09/28/2023

Price Change

FKMLS #606803

$839,000
09/28/2023

Listed (Active)

FKMLS #606803

$799,980
09/27/2023

Temp Off Market

FKMLS #605912

08/04/2023

Listed (Active)

FKMLS #605912

07/29/2023

Backup Contract

FKMLS #605912

07/06/2023

Listed (Active)

FKMLS #605912

$865,000
07/12/2012

Sold (Public Record)

Public Record #338426024

$205,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 501 East Ocean Drive, Unit 9

Taxable ValueLand-Additions$647,500Total-
Tax Record2024$4,793 ($399 / month)
Home Facts
Beds2Baths2Total Finished SqFt972 SqFtAbove Grade Finished SqFt972 SqFtLot Size122,890 SqFtStyleCondominiumYear Built2023CountyMONROEAPN00073990-000900

Schools near 501 East Ocean Drive, Unit 9

This home is within Monroe.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - 9 to 12
Charter - PK to 5
Rating
School
Distance
Stanley Switlik Elementary School
PublicPK to 5

Marathon School
Public6 to 12

Coral Shores High School
Public9 to 12

Big Pine Academy
CharterPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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501 East Ocean Drive, Unit 9 is a condo for sale in Key Colony Beach, FL 33051. This property was listed for sale on September 16, 2025 by RE/MAX All Keys Real Estate, it's currently listed at $799,000. It has been on the market for a total of 139 days and was last sold on May 7, 2024. This listing's school district is Monroe. Nearby schools include Stanley Switlik Elementary School, Marathon School and Coral Shores High School. 501 East Ocean Drive, Unit 9 is a 2-bed, 2-bath, 972 sqft condo built in 1957.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of RE/MAX All Keys Real Estate

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.