571 8Th Street
Key Colony, FL 33051
MLS# 611843
Status:
Closed5 beds | 4 baths | 2218 sqft
Property DescriptionIntroducing 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.
Current Price: $1,950,000
Listing Date: 2024-10-17
Listing Board: Key West Association
Leased Price Monthly: $1,950,000
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
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
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Dock Length: 75
Dock: Concrete
Above Flood: No
# Stories: 2 Stories
Under Contract Date: 2024-11-16
Leased Date: 2024-12-20
Leased Price Monthly: $1,950,000
Status: Closed
Building Style: Ground Level
Vehicle Storage: Garage; Attached; Covered Parking; Guest Parking; Off Street Parking; Open Parking; RV Parking Open; Trailer Storage
Cooling: Ceiling Fans(s); Central Air
Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter
Appliances: Dishwasher; Microwave; Oven; Range; Refrigerator
Exterior Features: Chickee Hut; Storage
Pool Info: In Ground; Fiberglass
Neighborhood Feature: Beach; Bike Paths; Clubhouse
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional
Listing Office: Keller Williams Key West Compass Realty
Last Updated: December - 26 - 2024
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