501 East Ocean Drive, Unit 18

Key Colony Beach, FL 33051

$795,000
Price
2
Beds
2
Baths
1,008 Sq. Ft.
$789 / Sq. Ft.
1,008
Sq. Ft.
$789
per Sq. Ft.

Description

Welcome to Key Colony Beach Club Unit 18. This 3rd floor End Unit has extra windows that allow for an abundance of natural light to flow throughout this open floor plan. Step onto your spacious balcony from the main living area or the primary en-suite where you can enjoy the views of the lush landscaping, swimming pool and turquoise waters of the Atlantic Ocean. Unit has designated covered parking for 2 cars with a large storage area and elevator access. Steps to the beach and walking distance to...Welcome to Key Colony Beach Club Unit 18. This 3rd floor End Unit has extra windows that allow for an abundance of natural light to flow throughout this open floor plan. Step onto your spacious balcony from the main living area or the primary en-suite where you can enjoy the views of the lush landscaping, swimming pool and turquoise waters of the Atlantic Ocean. Unit has designated covered parking for 2 cars with a large storage area and elevator access. Steps to the beach and walking distance to Parks, Restaurants and Shops. Key Colony Beach Club allows for weekly rentals as well so great investment property
  1. Listed by Teri Hiller • Coldwell Banker Schmitt Real Estate Co.
  2. Listed by Joshua James Mothner • Coldwell Banker Schmitt Real Estate Co.

Property Details for 501 East Ocean Drive, Unit 18

Waterfront
Oceanfront
Waterfront
Yes
Zoning
R-3 - Multi Unit Res
Subdivision
Key Colony Bch Club (53.5)
Directions
US 1 to Sadowski Causeway (Key Colony Beach). Follow Causeway to the (left) East Ocean Drive. Unit 18 is 2nd Building on Right - 3 floor closest to E. Ocean Drive.
Vehicle Storage
Assigned Parking, Covered Parking
LISTING UPDATED: 10/02/2024 09:57 AM

Property Details for 501 East Ocean Drive, Unit 18

StatusActive
MLS #610859
Days on Market110
Taxes$1,274 / year
HOA Fees$4,000 / quarter
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condo
Year Built2023
CountyMonroe County

Building Information for 501 East Ocean Drive, Unit 18

Building/Complex501 E Ocean DrFloor-Stories-Residences32Pet Policy-Year Built2023

Property Information for 501 East Ocean Drive, Unit 18

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
  • Listing Board: Marathon/Lower Keys
  • Side: Ocean
  • Unit/Complex: Complex
  • Mile Marker: 53.5
  • Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
  • Neighborhood Feature: Community Boat Ramp, Bike Paths, Airstrip, Other Area Features, Beach, Fire Hydrant
  • Key/Island: Key Colony
Owner
  • Owner Name: Richard Milovcich & Johanna Milovcich
Taxes and HOA Information
  • Association Info: Mandatory Home Owners Asc: Yes
  • Association Info: 1st Right of Refusal: No
  • Fee Includes: Cable, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Water, Sewer
  • Furnished: Unfurnished
  • Tax Year: 2023
  • Tax Exemptions: Homestead
Property
Lot Information
  • Parcel #: 00073990-001800
  • Land Size: Less Than 1/4 Acre
Property and Assessments
  • Legal: UNIT 18 KEY COLONY BEACH CLUB, A Condominium according to the Declaration of Condominium filed July 7, 2023 et al
  • MLS Approved: Y
  • Limited Representation: No
  • SqFt Source: Property Data Card
  • Flood Zone: AE,AE,VE,VE,AE
  • Rentals Allowed: With Restrictions
  • Deed Restrictions: Unknown
  • Picture Count: 39
  • Document Count: 0
  • Building Style: Above Flood: Yes
  • Property Condition: New Construction
  • Security: Patrolled Area
Utilities
  • Utilities: FKAA, Elect Separate Meter, Buyer to Verify
  • Pub Sewer HkUp: Yes
  • Pool: Yes
  • Pool Info: In Ground
  • Porch/Balcony: Open Porch/Balcony
Interior and Exterior Features
Interior Features
  • Floor: Laminate
  • Floor Number: 3.0
  • Interior Features: Drapes/Blinds Incl, Fire Sprinkler, Quartz Countertops, Storage, Smoke Alarms
  • Appliances: Washer, Stainless Steel Appliance(s), Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
Exterior Features
  • Construction: Concrete
  • Dockage: None
  • Exterior Features: Storage
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors

Property History for 501 East Ocean Drive, Unit 18

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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 18

Taxable ValueLand-Additions$78,153Total-
Tax Record2023$1,274 ($106 / month)
Home Facts
Beds2Baths2Total Finished SqFt966 SqFtAbove Grade Finished SqFt966 SqFtLot Size122,890 SqFtStyleCondominiumYear Built1957CountyMONROEAPN00073990-001800

Schools near 501 East Ocean Drive, Unit 18

This home is within Monroe.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Charter - PK to 5
Charter - PK to 8
Rating
School
Distance
Stanley Switlik Elementary School
PublicPK to 5

Marathon School
Public6 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 18 is a condo for sale in Key Colony Beach, FL 33051. This property was listed for sale on July 23, 2024 by Coldwell Banker Schmitt Real Estate Co., it's currently listed at $795,000. It has been on the market for a total of 110 days and was last sold on December 16, 2014. This listing's school district is Monroe. Nearby schools include Stanley Switlik Elementary School, Marathon School and Big Pine Academy. 501 East Ocean Drive, Unit 18 is a 2-bed, 2-bath, 1,008 sqft condo built in 2023.

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 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 Coldwell Banker Schmitt Real Estate Co.

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.