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$1,950,000
571 8Th Street
Key Colony, FL 33051
MLS# 611843
Status: Closed
5 beds  |  4 baths  |  2218 sqft


Your oceanfront oasis awaits
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Your oceanfront oasis awaits Direct ocean access Swimming and Fishing Immerse your self in coastal living Plenty of room for family and friends Gorgeous Views Outdoor living Fishing/Boating Boat Ready! Tiki Live the coastal lifestyle Open Floor Plan New Renovated Plenty of counter space Cook in style Beach/Ocean Vibes Family Room Lots of Natural Light Open Concept Wake up to ocean breeze Guest Room Bedroom Full Duplex Eat in Kitchen Stainless Appliances Plenty of Counter Space Plenty of storage Large open space Amazing Views Entertainment Room Wake up with a view Spacious Bedroom Master Views Oversized Yard Waterfront Property Off Street Parking 571 8th Street Key Colony Beach FL 33051 Direct Ocean Access Direct Ocean Access Ocean community Key Colony Waterfront Key Colony Waterfront Rare Location

Property Description
Introducing an exceptional Duplex with icome producing potential! Fully renovated this FULL duplex is located in the exclusive Key Colony Beach—the crown jewel of the Florida Keys. Located just off the Sadowski Causeway, this barrier island offers an enviable lifestyle with private beaches, breathtaking sunset views at Sunset Park, and premier access to fishing charters, marinas, and a nine-hole golf course. Key Colony Beach even has its own post office, making life here both convenient and luxurious. This well-maintained full duplex boasts a 75 ft. concrete dock with davits, a sparkling swimming pool, and a tiki hut bar that overlooks a wide, 90+ foot canal. Boating enthusiasts will appreciate the quick access to the ocean or bay through the nearby Vaca Cut channel. Enjoy serene water views from the expansive covered porch of the upper unit, which features 2 bedrooms, 2 bathrooms, and an open-concept living space perfect for entertaining. The lower unit is fully renovated, offering a modern white kitchen, 3 spacious bedrooms, 2 bathrooms, and a shaded lanai for outdoor relaxation. The large, fully fenced side yard is ideal for pets or boat trailer storage, with convenient access to the attached garage and ample parking for multiple vehicles. Built with solid concrete construction and topped with a newer metal roof (approx. 3 years old), this property is a true investment gem. Live in one unit and rent out the other, or maximize its potential as a highly sought-after vacation rental destination with weekly rental options in the heart of the Middle Keys.This duplex is also eligible to be subdivided into two separate parcels, offering flexible ownership opportunities. With nearby parks, beaches, and a golf course, it's the perfect blend of relaxation and adventure in one of the most desirable locations in the Florida Keys.

Details
Maps
Contract Information
Current Price: $1,950,000
Listing Date: 2024-10-17
Listing Board: Key West Association
Leased Price Monthly: $1,950,000
Location, Tax & Legal
Street #: 571
Street Name: 8Th
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: Multi-family
Style: Duplex
Waterfront: Yes
Control Depth: 4
Pool: Yes
Year Built: 1970
Lot SqFt: 8250
Acres: 0.19
Living Apx SqFt: 2218
SqFt Source: Property Data Card
Total Bedrooms: 5
Full Baths: 4
Total Baths: 4
Rentals Allowed: Yes
Min Rental Days: 7
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Dockage
Dock Length: 75
Dock: Concrete
Seawall: Concrete
Building Style
Above Flood: No
# Stories: 2 Stories
Vehicle Storage
Car(s): 4+
Pool Info
Heated: No
Financial Status
Standard Sale: Yes
Status Change Info
Under Contract Date: 2024-11-16
Leased Date: 2024-12-20
Leased Price Monthly: $1,950,000
Status: Closed
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: Canal Front
Waterview: Canal View
Dockage: Davits
Building Style: Ground Level
Vehicle Storage: Garage; Attached; Covered Parking; Guest Parking; Off Street Parking; Open Parking; RV Parking Open; Trailer Storage
Furnished: Partially
Cooling: Ceiling Fans(s); Central Air
Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter
Specialty Rooms: Other
Appliances: Dishwasher; Microwave; Oven; Range; Refrigerator
Exterior Features: Chickee Hut; Storage
Pool Info: In Ground; Fiberglass
Construction: CBS
Floor: Tile
Roof: Metal Roof
Pets: Pets Allowed
Neighborhood Feature: Beach; Bike Paths; Clubhouse
Security: Patrolled Area
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional

Listing Office: Keller Williams Key West Compass Realty

Last Updated: December - 26 - 2024

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.