581 Ocean Dr
Key Colony, FL 33051
2 bd 2 ba 1,197 sqft Built 1958 Lot 69,750 sqft condos
Most recent sale
$520,000
Nov 29, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 29, 2022 | Sold | $520,000 | FloridaKeys |
| Oct 6, 2022 | Listed | $584,000 | FloridaKeys |
| Jul 16, 2021 | Sold | $422,000 | Marathon |
| Apr 13, 2021 | Listed | $419,000 | Marathon |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $459,652 | — | $459,652 | $4,887 |
| 2023 | $439,096 | — | $439,096 | $4,746 |
| 2022 | $360,169 | — | $360,169 | $3,948 |
| 2021 | $255,414 | — | $255,414 | $3,030 |
| 2020 | $255,414 | — | $255,414 | $2,935 |
| 2019 | $171,884 | — | $171,884 | $2,127 |
| 2018 | $171,884 | — | $171,884 | $2,054 |
| 2017 | — | $277,232 | $277,232 | $2,732 |
| 2016 | $277,232 | — | $277,232 | $2,703 |
| 2015 | $195,853 | — | $195,853 | $2,290 |
| 2014 | — | — | $195,853 | $2,343 |
| 2013 | — | — | $193,914 | $2,373 |
| 2012 | — | — | $213,066 | $2,542 |
| 2011 | — | — | $222,642 | $2,647 |
| 2010 | — | — | $238,144 | $2,853 |
| 2009 | — | — | $286,921 | $3,079 |
| 2008 | — | — | $387,905 | $3,417 |
| 2007 | — | — | $420,147 | $3,469 |
Property facts
Year built
1958
Property type
condos
Stories
2
Beds
2
Baths
2
Living area
1,197 sqft
Lot size
69,750 sqft
ZIP code
33051
City
Key Colony
Street
Ocean Dr
Coordinates
24.71996, -81.01744
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,214
Gross rental yield
5.11%
Implied cap rate
3.32%
Trend-extrapolated value
—
Frequently asked questions
When did 581 Ocean Dr last sell?
581 Ocean Dr most recently sold on Nov 29, 2022 for $520,000.
What is the current tax assessment for 581 Ocean Dr?
The most recent total assessment for 581 Ocean Dr (year 2025) is $459,652 with $4,887 in property tax.
How does 581 Ocean Dr's assessment compare to its last sale price?
The current assessment is 11.6% below the last sale price of $520,000.
When was 581 Ocean Dr built?
581 Ocean Dr was built in 1958.
How does 581 Ocean Dr compare to others on Ocean Dr?
We track 8 other properties on Ocean Dr. Browse the list under "Other properties on Ocean Dr" to compare beds, baths, and sale history.
What are the property facts for 581 Ocean Dr?
581 Ocean Dr is a 2 bed, 2 bath, 1,197 sqft, 69,750 sqft lot condos.
Is 581 Ocean Dr a flip candidate?
Yes — 581 Ocean Dr appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 581 Ocean Dr a tax-appeal candidate?
No — 581 Ocean Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-3.7%
Implied 1-yr
-15.0%
2026 Q3
$1.03M
2026 Q4
$1.02M
ZIP 33051 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Ocean Dr