Welcome to your slice of paradise in Key Colony Beach. This beautifully updated 3rd floor condo offers breathtaking, unobstructed views of the Atlantic Ocean from your private balcony, all while being ideally located in a quiet, private corner of the complex for the perfect blend of serenity and scenery. Inside, you'll find tile flooring throughout, an updated kitchen with granite counters, and modern tile bathrooms. A private washer and dryer and convenient elevator access provide everyday comfort. The entire complex has been recently and completely renovated, showcasing a beautiful array of resort style amenities. Enjoy direct access to a private sandy beach, relax by the oceanfront pool, or play a friendly game on the tennis and pickleball courts. A fishing pier adds to the coastal lifestyle, while the landscaped courtyards create a peaceful, community atmosphere. With on site management and bi weekly rentals allowed, this condo offers an excellent investment opportunity, and the owner already has rentals in place to help generate immediate income. Whether you are seeking a personal retreat or a strong investment property, this move in ready condo delivers the ultimate Florida Keys lifestyle. GREAT NEW PRICE! Don't miss out on this amazing opportunity!
For sale
Price cut: $10K (12/18)
$525,000
201 E Ocean Dr #1-311, Key Colony Beach, FL 33051
2beds
994sqft
Est.:
Condominium, Residential - Condo/Townhouse
Built in 1975
-- sqft lot
$508,200 Zestimate®
$528/sqft
$994/mo HOA
What's special
- 99 days |
- 46 |
- 2 |
Zillow last checked: 8 hours ago
Listing updated: December 18, 2025 at 01:48am
Listed by:
Darlene Alferes 305-407-6925,
Berkshire Hathaway Home Services Keys Real Estate - Big Pine Key
Source: FLKMLS,MLS#: 616448
Originating MLS: Key West Association
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Appliances
- Included: Washer, Microwave, Range, Refrigerator, Dishwasher, Dryer
Interior area
- Total interior livable area: 994 sqft
Property
Accessibility
- Accessibility features: Yes
Features
- Levels: 3 Stories
- Stories: 3
- Has private pool: Yes
- Pool features: Heated, In Ground, Decked
- Has view: Yes
- View description: Ocean, Water
- Has water view: Yes
- Water view: Ocean,Water
- Waterfront features: Oceanfront, Open Water, Waterfront, Dock: Composite
Lot
- Features: Less Than 1/4 Acre
Details
- Parcel number: 00073871003400
- Zoning: R-3
- Zoning description: Multi Unit Res
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Residential - Condo/Townhouse
Materials
- CBS
Condition
- Year built: 1975
Utilities & green energy
- Sewer: Municipal Sewer, Public Sewer
- Utilities for property: FKAA, Cable Available
Community & HOA
Community
- Subdivision: Casa Clara (53.5)
HOA
- Has HOA: Yes
- Services included: Cable TV, Maintenance Grounds, Building Insurance, Maintenance Structure, Water, Pest Control, Sewer
- HOA fee: $2,983 quarterly
Location
- Region: Key Colony Beach
Financial & listing details
- Price per square foot: $528/sqft
- Tax assessed value: $369,110
- Annual tax amount: $4,122
- Date on market: 9/11/2025
- Listing terms: Seller Finance Psble,Conventional,Cash
Estimated market value
$508,200
$483,000 - $534,000
$3,600/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/18/2025 | Price change | $525,000-1.9%$528/sqft |
Source: | ||
| 12/12/2025 | Price change | $535,000-2.7%$538/sqft |
Source: | ||
| 12/6/2025 | Price change | $550,000-4.3%$553/sqft |
Source: | ||
| 12/1/2025 | Price change | $575,000-1.5%$578/sqft |
Source: | ||
| 11/18/2025 | Price change | $584,000-0.8%$588/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,054 -1.7% | $369,110 +1.1% |
| 2024 | $4,123 +9.1% | $364,973 +10% |
| 2023 | $3,779 +8.8% | $331,794 +10% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,093/mo
Principal & interest
$2556
HOA Fees
$994
Other costs
$543
Climate risks
Neighborhood: 33051
Nearby schools
GreatSchools rating
- 4/10Stanley Switlik Elementary SchoolGrades: PK-5Distance: 5.1 mi
- 5/10Marathon SchoolGrades: 6-12Distance: 4.2 mi
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