Frank Verna - Coldwell Banker
29967 Overseas Highway
Big Pine Key, FL 33043
$699,000 $3,752 est/mo Sourced by Back At You
1133 W Ocean Drive 7,KEY COLONY, FL 33051
KEY COLONY, FL 33051
Description
Discover refined coastal elegance at 1133 W Ocean Drive, Unit #7, an exceptional 3-bedroom, 3-bath oceanfront townhome offering 1,929 square feet of coastal living in the highly sought-after Key Colony Point community. This property blends luxury lifestyle with strong income potential allowing 7-day rentals, making it ideal as both a vacation getaway and a savvy investor. Floor-to-ceiling coastal views unfold from the main floor expansive private open-air balcony overlooking the Atlantic Ocean, oceanfront pool, and lush tropical landscaping. While most people walk to Sunset Park to enjoy sunsets, this residence offers rare, front-row sunset views directly from your own waterfront balconyan amenity few properties in Key Colony Beach can claim. Designed for effortless island living, the spacious layout offers generous bedroom suites, inviting living spaces, and seamless indoor-outdoor flow ideal for perfect for maximizing guest satisfaction and repeat bookings. Owners and guests enjoy resort-style amenities including a large oceanfront pool, fishing pier, private beach lounging areas, grilling station, chickee hut, shuffleboard, tennis/pickleball courts, and covered garage parking. The HOA includes building insurance, exterior maintenance, amenities, and on-site managementallowing owners to operate a low-maintenance, high-demand rental with fewer headaches. Whether used as a dedicated income-producing asset or a hybrid personal-use investment, this townhome stands out as a rare combination of flexible rental terms and income scalability. This townhome presents a rare entry point into an exclusive oceanfront community, offering exceptional value in a premier coastal setting prime oceanfront location. Whether as a private coastal retreat, a high-performing vacation rental, or a blend of both, this oceanfront opportunity delivers location, views, and versatility all in one exceptional property. Call today!
Details
| MLS # | 618469 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| HOA Dues | $3,825 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1982 |
| Days On Site | 201 |
| Listing Provided By | Coldwell Banker Schmitt Real Estate Co. | Jennifer Hamill |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,929 |
| Pool | Yes |
| Zoning | R-3 - Multi Unit Res |
| Water Front | Yes |
| Property View | Open Water View, Ocean |
Taxes
| Property | 7827 |
|---|
Area Information
| State | FL |
|---|---|
| County | Monroe |
| City | KEY COLONY |
| Zip Code | 33051 |
| Area | 17 Vaca Cut Both Sides Holiday Inn | Key Colony |
| Community Name | Key Colony Point (53.5) |
| Listing VS Median (in Key Colony Point (53.5)) | |
Price: $699,000 low | high Med: $937,000 sqft: 1,929 low | high Med: 1,840 $ / sqft: $362 low | high Med: $512 On site: 201 low | high Med: 135 | |
Market Activity 33051
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MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.
The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
Contact
Learn More About This Property
| State | FL |
|---|---|
| County | Monroe |
| City | KEY COLONY |
| Zip Code | 33051 |
| Area | 17 Vaca Cut Both Sides Holiday Inn | Key Colony |
| Community Name | Key Colony Point (53.5) |
| Listing VS Median (in Key Colony Point (53.5)) | |
Price: $699,000 low | high Med: $937,000 sqft: 1,929 low | high Med: 1,840 $ / sqft: $362 low | high Med: $512 On site: 201 low | high Med: 135 | |
Nearby Listings (Within 1/10 mile)
Price: $524K - $873K
sqft: 1,000 - 2,000
Listing Updated: July 30, 2026 at 5:06:37 PM PDT
© 2026 CB Schmitt Real Estate Company, Inc. Equal housing opportunity. An equal opportunity company.
© 2026 CB Schmitt Real Estate Company, Inc. All Rights Reserved. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. CB Schmitt Real Estate Company, Inc. fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchises are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.
The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the Miami Board of Realtors®
Listing Information Last Updated August 23, 2026 at 5:26:02 AM PDT