$1,900,000
Key Colony, FL 33051
MLS# 616263
Status: Closed
5 beds | 4 baths | 2333 sqft
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Property Description
Embrace the laid back charm of the Florida Keys with this beautifully renovated full duplex in the highly sought after community of Key Colony Beach. This turnkey property features five bedrooms, four bathrooms, and is licensed for 7-night weekly rentals, making it ideal for both personal use and income generation. Fully updated from top to bottom, each unit boasts modern kitchens with new appliances, renovated bathrooms, impact-rated windows and doors, stylish finishes, in-unit laundry, and separate electric meters. The upstairs unit features two bedrooms and two bathrooms, accompanied by a covered porch that offers scenic views of the water. The downstairs unit, on the other hand, boasts three bedrooms and two bathrooms, along with a screened-in patio perfect for relaxing outdoors. Outside, enjoy 75 feet of waterfront with a concrete seawall, davits, a fish cleaning station, and direct ocean and bay access via nearby Vaca Cut. The expansive lot features a private salt water pool with a newly installed heater/chiller, outdoor shower, tiki hut, spacious outdoor gathering area, fenced yard, one-car garage, and ample parking for vehicles, trailers, or even an RV. Just steps from biking/walking paths, Sunset Park, tennis and pickleball courts, a golf course, and popular restaurants, this exceptional property offers versatile potential. Live in one unit and rent out the other, co-own with family or friends, or capitalize on the vacation rental investment potential. Don't miss this true Keys gem in one of the most desirable locations in the Middle Keys.
Details
Maps
Contract Information
Current Price: $1,900,000
Listing Date: 2025-08-21
Listing Board: Marathon/Lower Keys
Leased Price Monthly: $1,900,000
Species List: No
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 Bch 1st Addn Amd Plat (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
Lot Sqft Source: Property Data Card
Acres: 0.19
Living Apx SqFt: 2333
SqFt Source: Property Data Card
Total Bedrooms: 5
Full Baths: 4
Total Baths: 4
Rentals Allowed: With Restrictions
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: Unknown
# Stories: 2 Stories
Pool Info
Heated: Yes
Status Change Info
Under Contract Date: 2025-12-17
Leased Date: 2026-01-16
Leased Price Monthly: $1,900,000
Status: Closed
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: Canal Front
Waterview: Canal View
Dockage: Boat Lift; Davits
Property Condition: Updated/Remodeled
Vehicle Storage: Garage; Detached; Guest Parking; Off Street Parking; Open Parking; RV Parking Open; Trailer Storage
Furnished: Negotiable
Cooling: Ceiling Fans(s); Central Air
Heating: Forced Air
Utilities: Buyer to Verify
Appliances: Dishwasher; Dryer; Freezer; Microwave; Oven; Refrigerator; Washer
Exterior Features: Chickee Hut; Fencing; Lighting; Outdoor Shower
Pool Info: In Ground
Construction: CBS
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Listing Office: Ocean Sotheby's International
Last Updated: January - 16 - 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.