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For sale
  • Price cut: $10K (12/18)
    $525,000

    201 E Ocean Dr #1-311, Key Colony Beach, FL 33051

    2beds
    994sqft
    : 
    Condominium, Residential - Condo/Townhouse
    Built in 1975
    -- sqft lot
    $508,200 Zestimate®
    $528/sqft
    $994/mo HOA

    What's special

    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!
    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#: 616448MLS LogoOriginating 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
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    Estimated market value

    $508,200

    $483,000 - $534,000

    $3,600/mo

    Price history

    Price history
    DateEventPrice
    12/18/2025Price change$525,000-1.9%$528/sqft
    Source: Key West AOR #616448 Report a problem
    12/12/2025Price change$535,000-2.7%$538/sqft
    Source: FLKMLS #616448 Report a problem
    12/6/2025Price change$550,000-4.3%$553/sqft
    Source: Key West AOR #616448 Report a problem
    12/1/2025Price change$575,000-1.5%$578/sqft
    Source: FLKMLS #616448 Report a problem
    11/18/2025Price change$584,000-0.8%$588/sqft
    Source: FLKMLS #616448 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax 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

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