Credit: Photo by Tracy Chacksfield | Source
Luxury Key Colony Beach Condos for Sale in Florida
Known as “The Gem of the Florida Keys,” Key Colony Beach is a small close-knit community where many enjoy their residence primarily during “Snowbird Season.”
Key Colony Beach condos for sale offer a wide range of choices for those looking to experience a walkable and bikeable island community. From golf course view condos starting around $250K to high-end oceanfront condos, there is something for every budget. Renowned for having some of the most meticulously maintained properties in all the Keys, as well as one of the few islands with a white sand beach, one of the first questions visitors and homebuyers ask is if Key Colony Beach has a homeowner’s association, and the answer is, “No.” The only homeowner associations on the island are the condo communities, which are self-governed. Give us a call today about Key Colony Beach properties and we will find the perfect home for you.
FLOOD & WIND INSURANCE: When looking at a condo for sale Key Colony Beach Florida, be sure to inquire about Homeowner’s Association (HOA) dues and verify everything, including flood and wind insurance, that is covered in the monthly or quarterly HOA payment. With a HOA master insurance policy, where condo owners pay a portion of the overall insurance costs (typically included in the dues), homebuyers sometimes find this to be a more cost-effective approach when it comes to insuring property in the Keys. If considering condos in Key Colony Beach, or anywhere in the Florida Keys, remember HOA dues vary greatly from community to community and to inquire about any special assessments.
LOWER TAXES: Key Colony Beach condos for sale are in constant demand due to people relocating for the sun, salt air and lack of a state income tax. The overall property tax rate will vary from county to county in the Sunshine State. One of the considerations when purchasing a Key Colony Beach condo for sale is the property tax. The current tax rate on residential property in Monroe County is 0.98%, which is lower than many coastal counties in Florida and the current U.S. average. The Florida constitution limits annual increases in assessed value of property with Homestead Exemption to 3% or the change in CPI, whichever is less. Be aware, a change in property ownership will “reset” the capped value to full market value.
NATURAL SURROUNDINGS: The island chain that comprises the Keys is surrounded by the Florida Keys National Marine Sanctuary, which protects 2,900 nautical square miles of the Keys’ water, coral reef, mangroves, and over 6,000 species of marine life. Paired with many communities offering lush tropical landscaping, sparkling pools, sandy beaches and breathtaking seascapes, condos for sale Key Colony Beach FL often feel like a luxury resort. Due to stringent building height restrictions and limited land, boutique size garden style condo buildings are typically what is found in the Keys, which lends itself to a more intimate, tranquil living experience.
Key Colony Beach, FL Real Estate Information
$1,300,000
$928
57
$1,200,000
81.3%
$2,400
5 Real Estate Facts About Key Colony Beach Condos for Sale
- Most expensive Key Colony Beach condo sell in 2022 $1.225M
- Least expensive Key Colony Beach condo sell in 2022 $235K
- Largest Key Colony Beach condo sold in 2022 was 1901 sqft
- Smallest Key Colony Beach condo sold in 2022 was 550 sqft
- There were 18 condos sold in Key Colony Beach in 2022
Key Colony Beach Condos for Sale
Key Colony Beach, FL Neighborhoods Map
Situated on the Atlantic Ocean at Mile Marker 53.5 near Vaca Cut, Key Colony Beach sits on what was once called Shelter Key. The island has just 17 residential streets and eleven 100’ or wider deep-water canals. From Miami, it is just over a two-hour drive and from Key West just over an hour drive. The 25 MPH speed limit is strictly enforced on the island.
Ready to take the next step?
As your dedicated real estate partner, I will provide a well-executed and enjoyable experience. I draw on my professional work ethic, expert industry knowledge, and genuine love for what I do to help my clients achieve their real estate goals. If you are ready to buy, sell, or invest in the Keys, you need an informed, trusted and determined real estate partner who knows the landscape and has an outstanding network of contacts. I’ll focus on understanding your needs; then, I’ll confidently guide you to the opportunities that are right for you.
Who Lives in Key Colony Beach, FL
788
65.7
$143,793
321
1.63
139.8
Things to do near Key Colony Beach, FL
Frank’s Grill
An Italian food spot with a lively atmosphere serving many fresh pasta dishes, baked entrees, and decadent desserts.
The Waterfront Brewery
A two-story facility, which offers delicious fresh brewed beers and an assortment of American cuisine.
Oceanfront Park
A dog-friendly park with access to the ocean with plenty of places for dogs to play and children to go kite flying, picnics, kayaking, and fishing.
The Banyan Tree
This modest yet beautiful store has an abundance of home décor items, some natural wearables, and a variety of locally grown plants.
Schools near Key Colony Beach, FL
| School | Grades | Admission |
|---|---|---|
| Stanley Switlik Elementary School | K - 5 | Public |
| Marathon High School | 6 - 12 | Public |
