Key Colony is a prominent gated oceanfront condominium community located in Key Biscayne, Florida (ZIP 33149), consisting of four independently operated towers—Botanica (Key Colony IV), Emerald Bay (Key Colony III), Tidemark (Key Colony I), and Oceansound (Key Colony II)—built primarily in the late 1970s and early 1980s. The master-planned complex spans over 42 acres with approximately 1,179 units, offering residents a secure, resort-style living environment directly facing the Atlantic Ocean. The Key Colony Homeowners' Association (HOA) oversees shared master amenities and common areas, while each tower maintains its own condominium association for building-specific matters.
HOA Fees and Financial Obligations
HOA fees vary significantly by building, unit size, and specific assessments, with master association dues covering shared amenities like the beach, pools, tennis courts, and gate security. Individual condo fees can range from several hundred to over $4,000 monthly depending on the property (e.g., larger units in Emerald Bay reported around $2,800–$4,100/month in listings). Fees typically include maintenance of common areas, landscaping, security, and reserves. Recent reports indicate ongoing financial management through the master HOA, with occasional special assessments possible for major repairs or legal matters. Prospective buyers should review current estoppel letters and financial statements from the respective associations.
Rules and Regulations
As a gated, oceanfront community, Key Colony enforces standard condominium rules including pet restrictions (often limited by size/breed per building), rental policies (varies; some buildings have minimum lease terms), architectural guidelines for modifications, and use of amenities. The master HOA manages access to shared facilities with reservations required for pools and tennis courts. Hurricane preparedness is emphasized, with specific protocols outlined on the HOA site. Quiet hours, parking assignments, and guest policies are enforced to maintain the upscale, family-friendly atmosphere.
Community Amenities and Lifestyle
Residents enjoy extensive resort-style features including a private beach, multiple swimming pools (building-specific plus central Olympic lap pool and oceanfront adults-only pool), 12 tennis courts, a fitness gym, jogging paths, and lush tropical landscaping across 40+ acres. The 24-hour attended guard gate provides security. Lifestyle emphasizes beachfront living with access to Key Biscayne's parks and proximity to Miami.
Notable Aspects
Key Colony is one of the largest condo complexes on the island, known for its distinctive pyramid-style architecture by developer Fritz Scharenberg. It has a history of internal governance matters, including a recent 2026 settlement between the master HOA and one building. The community blends privacy with convenience near shopping and recreation.
Management Company: KW Property Management (for Master HOA) Phone: (305) 361-6242 Email: manager@keycolonyhoa.org or admin@keycolonyhoa.org Website: https://keycolonyhoa.org/ Address: 235 Crandon Blvd, Key Biscayne, FL 33149 (or 101 Crandon Blvd #164)