720 Ocean Dr
Key Colony, FL 33051
2 bd 2 ba 1,292 sqft Built 1986 condos
Most recent sale
$499,000
Oct 6, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 22, 2025 | Listing removed | $349,500 | Marathon |
| Oct 6, 2022 | Sold | $499,000 | MLS #602312 |
| Aug 25, 2022 | Listed | $499,000 | MLS #602312 |
| Sep 24, 2020 | Listing removed | $349,500 | FloridaKeys |
| Apr 28, 2017 | Listing removed | $349,500 | FloridaKeys |
| Feb 13, 2017 | Listing removed | $349,500 | Marathon |
| Nov 22, 2016 | Listed | $375,000 | MLS #572873 |
| Nov 21, 2016 | Listed | $349,500 | MLS #572873 |
| May 24, 1994 | Sold | $75,000 | Public Record |
| Apr 1, 1986 | Sold | $75,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $452,505 | — | $452,505 | $4,430 |
| 2023 | $411,731 | — | $411,731 | $4,483 |
| 2021 | $221,350 | — | $221,350 | $2,690 |
| 2020 | — | — | $214,007 | $2,561 |
| 2019 | $194,552 | — | $194,552 | $2,346 |
| 2018 | — | — | $187,762 | $2,225 |
| 2017 | $170,693 | — | $170,693 | $1,997 |
| 2016 | $170,693 | — | $170,693 | $2,065 |
| 2015 | $170,693 | — | $170,693 | $2,048 |
| 2014 | — | — | $170,693 | $2,094 |
| 2013 | — | — | $170,693 | $2,138 |
| 2012 | — | — | $161,572 | $2,026 |
| 2011 | — | — | $178,511 | $2,203 |
| 2010 | — | — | $246,107 | $2,936 |
| 2009 | — | — | $296,514 | $3,169 |
| 2008 | — | — | $337,961 | $3,015 |
| 2007 | — | — | $335,070 | $2,826 |
Property facts
Year built
1986
Property type
condos
Stories
2
Beds
2
Baths
2
Living area
1,292 sqft
Lot size
—
ZIP code
33051
City
Key Colony
Street
Ocean Dr
Coordinates
24.72120, -81.02039
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
$2,390
Gross rental yield
5.75%
Implied cap rate
3.74%
Trend-extrapolated value
—
Frequently asked questions
When did 720 Ocean Dr last sell?
720 Ocean Dr most recently sold on Oct 6, 2022 for $499,000.
What is the current tax assessment for 720 Ocean Dr?
The most recent total assessment for 720 Ocean Dr (year 2025) is $452,505 with $4,430 in property tax.
How does 720 Ocean Dr's assessment compare to its last sale price?
The current assessment is 9.3% below the last sale price of $499,000.
When was 720 Ocean Dr built?
720 Ocean Dr was built in 1986.
How does 720 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 720 Ocean Dr?
720 Ocean Dr is a 2 bed, 2 bath, 1,292 sqft condos.
Is 720 Ocean Dr a flip candidate?
No — 720 Ocean Dr does not appear in our flips dataset.
Is 720 Ocean Dr a tax-appeal candidate?
No — 720 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