Reduced Quarterly Dues! Own a piece of paradise perfectly situated at the southern point in Key Colony Beach. This turnkey property not only offers comfort with tropical decor, but it also provides an incredible investment opportunity. This beautiful oceanfront townhouse, features three spacious bedrooms and three bathrooms. This home is ideal for both relaxation and entertaining. Enjoy breathtaking ocean views right from your living room, or step outside to your pocket beach, where soft sand and the gentle sounds of the waves await. The community amenities elevate this property to another level and includes a sparkling, oceanfront pool, soothing hot tub, a fishing pier, and a sports court--everything you need for a resort-like lifestyle for ultimate unwinding, outdoor enthusiasts, and friendly competitions. This townhouse offers both tranquility and access to all the best island living has to offer. This townhouse is ideal for both personal enjoyment and potential rental income. With onsite property management in place, you can easily rent out the home on a weekly basis, making it a hassle-free investment that generates income when you're not using it. The island of Key Colony Beach also offers walking paths to playgrounds, restaurants, and a Par 3 golf course. Also steps away from Sunset Park to picnic or reflect outside of Key Colony Point. Don't miss out on this exceptional opportunity to own a stunning oceanfront property. Schedule a viewing today!
For sale
Price cut: $50K (11/14)
$749,000
1133 W Ocean Dr #2, Key Colony Beach, FL 33051
3beds
1,929sqft
Est.:
Townhouse, Residential - Condo/Townhouse
Built in 1982
-- sqft lot
$-- Zestimate®
$388/sqft
$3,825/mo HOA
What's special
Stunning oceanfront propertyBeautiful oceanfront townhouseThree bathroomsThree spacious bedroomsFishing pierTropical decorSoothing hot tub
- 290 days |
- 348 |
- 5 |
Zillow last checked: 8 hours ago
Listing updated: December 09, 2025 at 05:23am
Listed by:
Michelle Van Hoose 734-787-8414,
Coldwell Banker Schmitt Real Estate Co.
Source: FLKMLS,MLS#: 613852
Originating MLS: Marathon/Lower Keys
Originating MLS: Marathon/Lower KeysTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Electric
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Washer, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
- Laundry: Laundry Room
Features
- Granite Counters, Walk-In Closet(s), Storage, Entrance Foyer
- Flooring: Tile, Carpet
- Doors: Sliding Glass Doors, Impact Rstnce Doors
- Windows: Drapes/Blinds Incl, Impact Rstnce Window
- Furnished: Yes
Interior area
- Total interior livable area: 1,929 sqft
Property
Parking
- Parking features: Carport, Guest
- Has carport: Yes
Accessibility
- Accessibility features: None
Features
- Patio & porch: Open Porch/Balcony
- Exterior features: Tennis Court(s), Sandy Beach, Outdoor Shower
- Has private pool: Yes
- Pool features: Heated, In Ground, Decked, Concrete
- Has spa: Yes
- Spa features: Private
- Has view: Yes
- View description: Ocean, Water
- Has water view: Yes
- Water view: Ocean,Water
- Waterfront features: Oceanfront, Open Water, Waterfront, Sandy Beach, Dockage: None
Lot
- Features: Less Than 1/4 Acre
Details
- Parcel number: 00078600000300
- Zoning: R-3
- Zoning description: Multi Unit Res
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Townhouse
- Property subtype: Townhouse, Residential - Condo/Townhouse
Materials
- CBS, Concrete
- Roof: Metal
Condition
- Year built: 1982
Utilities & green energy
- Electric: Elect Separate Meter
- Sewer: Public Sewer
- Water: Water Separate Meter
- Utilities for property: FKAA, Cable Available, Buyer to Verify, Cable Connected
Community & HOA
Community
- Features: Community Boat Ramp, Spa, Bike Paths, Airport/Runway, Manager on Premises, Tennis Court(s)
- Security: Smoke Detector(s), No Security
- Subdivision: Key Colony Point (53.5)
HOA
- Has HOA: Yes
- Services included: Cable TV, Maintenance Grounds, Building Insurance, Maintenance Structure, Water, Pest Control, Sewer
- HOA fee: $11,475 quarterly
Location
- Region: Key Colony Beach
Financial & listing details
- Price per square foot: $388/sqft
- Tax assessed value: $739,258
- Annual tax amount: $8,126
- Date on market: 2/24/2025
- Listing terms: No Seller Finance,Cash,FHA,VA Loan,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/14/2025 | Price change | $749,000-6.3%$388/sqft |
Source:  Key West AOR #613852 Report a problem | ||
| 8/30/2025 | Price change | $799,000-6%$414/sqft |
Source:  FLKMLS #613852 Report a problem | ||
| 4/30/2025 | Price change | $850,000-5.5%$441/sqft |
Source: FLKMLS #613852 Report a problem | ||
| 3/20/2025 | Price change | $899,000-6.8%$466/sqft |
Source: Key West AOR #613852 Report a problem | ||
| 2/24/2025 | Listed for sale | $965,000$500/sqft |
Source: Key West AOR #613852 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,460 -8.2% | $739,258 -0.2% |
| 2024 | $8,126 +10.9% | $740,623 +10% |
| 2023 | $7,326 +12.7% | $673,294 +10% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$8,215/mo
Principal & interest
$3616
HOA Fees
$3825
Other costs
$774
Climate risks
Neighborhood: 33051
Nearby schools
GreatSchools rating
- 4/10Stanley Switlik Elementary SchoolGrades: PK-5Distance: 4.4 mi
- 5/10Marathon SchoolGrades: 6-12Distance: 3.5 mi
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