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$1,875,000
320 5Th Street
Key Colony, FL 33051
MLS# 618755
5 beds  |  3 baths  |  3234 sqft


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Property Description
Spacious and sophisticated waterfront home situated on a wide canal with desirable eastern exposure, offering serene views of the in-ground pool and 100-foot-wide canal. Designed for both entertaining and everyday comfort, the home features a covered patio on the lower level and a generous wooden deck on the upper level, connected by elegant spiral stairs leading to a dedicated entertainment area below. The newly updated upstairs kitchen is bright, modern, and exceptionally spacious, anchoring the upper-level living space. This five-bedroom, three-bathroom residence is thoughtfully laid out with two bedrooms and two bathrooms upstairs, and three bedrooms with one bathroom downstairs--ideal for extended family, guests, or rental flexibility. A circular paver driveway provides ample parking, while separate living areas on each floor enhance privacy and functionality. The Corian kitchen, expansive layout, and waterfront lifestyle make this property suitable as a large family home, corporate retreat, or high-performing vacation rental. Complete with a private boat lift and quick access to the Atlantic Ocean, this home delivers the full waterfront experience--whether as a permanent residence or an income-generating investment.

Details
Maps
Contract Information
Current Price: $1,875,000
Listing Date: 2026-02-21
Listing Board: Key West Association
Monthly Rent: $1,875,000
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Location, Tax & Legal
Street #: 320
Street Name: 5Th
Street Suffix: Street
Key/Island: Key Colony
State/Province: FL
Zip Code: 33051
County: Monroe
Subdivision: Key Colony Beach (53.5)
Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
General Property Description
Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: Yes
Control Depth: 4
Pool: Yes
Year Built: 1971
Lot Size: 60 X 110
Lot SqFt: 6600
Lot Sqft Source: Tax Records
Acres: 0.15
Living Apx SqFt: 3234
SqFt Source: Tax Records
Total Bedrooms: 5
Full Baths: 3
Total Baths: 3
Rentals Allowed: Yes
Min Rental Days: 7
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Dockage
Dock Length: 60
Seawall: Concrete
Building Style
Above Flood: Yes
# Stories: 2 Stories
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: Canal Front
Waterview: Canal View
Dockage: Boat Lift
Building Style: A-Frame
Vehicle Storage: Assigned Parking; Open Parking
Furnished: Negotiable
Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s)
Utilities: Buyer to Verify; Cable Available; Community Swr Plant; FKAA
Interior Features: Built-in Cabinets; Entrance Foyer; Smoke Alarms; Storage; Walk-in Closet(s); Other
Specialty Rooms: Laundry Room; Workshop
Appliances: Dishwasher; Microwave; Oven
Exterior Features: Privacy Wall/Fence; Storage
Accessibility Feat: Parking
Pool Info: In Ground
Construction: Combo Construction; Frame
Shutters: Accordion
Floor: Tile; Wood
Roof: Metal Roof
Pets: Pets Allowed
Neighborhood Feature: Bike Paths; Fire Hydrant
Security: Patrolled Area
Land Size: Less Than 1/4 Acre
Title: Negotiable

Listing Office: Coastal Collection Real Estate Inc.

Last Updated: September - 18 - 2026

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.