501 E Ocean Dr # 28, Key Colony FL 33051, KEY COLONY, FL, 33051
Active31 days on marketListed Jul 7, 2026MLS #A12049453
About this home
501 E Ocean Dr # 28, Key Colony FL 33051
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.
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
972
Sqft
2023
Year built
$771
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$6,441 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$6,441/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Key Colony Beach
Get to know Key Colony. See the full Key Colony guide →
Key Colony Beach — neighborhood snapshot
Population
278
Median age
65
Median income
$99,761
Median home value
$936,452
Avg household
2
Households w/ children
17%
For the school run
Monroe County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Key Colony market
$497K → $497K
Key Colony median sold, yr/yr
This home is listed 14% below the KEY COLONY 33051 median. See the full Key Colony market guide →
Paper trail
This home's history
Reality check
What actually sold near 501 E Ocean Dr # 28
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jul ’26$485,000
Nearby listing
2 bd · 2 ba · 973 sqft · $498/sqft · 19 DOM
Sold · Apr ’26$787,000
Nearby listing
1 bd · 1 ba · 885 sqft · $889/sqft
Sold · Mar ’26$850,000
431 5th St, Key Colony FL 33051
3 bd · 2 ba · 1,184 sqft · $718/sqft · 157 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 501 E Ocean Dr # 28 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 501 E Ocean Dr # 28 — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
501 E Ocean Dr # 28 FAQs
What would the monthly payment be for 501 E Ocean Dr # 28, Key Colony FL 33051?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $6,441/mo — principal and interest, the actual property-tax bill, the $1,417/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 501 E Ocean Dr # 28, Key Colony FL 33051?+
The association fee works out to $1,417 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 501 E Ocean Dr # 28, Key Colony FL 33051?+
The most recent tax bill on record (2025) was $6,500. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Key Colony?+
At $749,000, this home is listed about 17% below the Key Colony median of $899,995. The market section on this page shows how the area is trending.
Which schools are assigned to 501 E Ocean Dr # 28, Key Colony FL 33051?+
Marathon School (high), Stanley Switlik Elementary School (elementary) — Monroe County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Under the KEY COLONY 33051 market on paper
$749,000 is 14% below the KEY COLONY 33051 median of $874,498, and at $771/sqft it sits under the Key Colony average of $992.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Know the monthly fee
The association fee is $1,417/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
Keep looking
Similar homes nearby
Listing courtesy of Keller Williams Capital Realty · Maria Acosta. MLS #A12049453.
IDX information is provided exclusively 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 accurate by Miami Association of REALTORS®.
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