Florida Keys Real Estate

Listing Board: Florida Keys

As is Rght to Inspct: Yes

Potential Short Sale: No

Bank Owned: No

Species List: No

Current Price: $3,899,000

Listing Date: 2025-09-03

List Price: $3,899,000

City: Long Key

Off Shore Island: No

Mile Marker: 69

Marathon Neighborhood: N/A

Side: Ocean

Flood Zone: AE,VE,AE

Alternate Key #: 1470091

Handicap Access: No

Add'l Parcel #1: 00386370-000000

Add'l Parcel #2: 00386360-000000

Zoning: ISD - Improved Sup Duplex

Deed Restrictions: Unknown

Legal: PT LT 2 LONG KEY OCEAN BAY COLONY PB3-130 SEC 1 LONG KEY

Taxes: 9882.82

Tax Year: 2024

Pub Sewer HkUp: Yes

Street #: 65620

Street Name: Overseas

Street Suffix: Highway

Key/Island: Long Key

State/Province: FL

Zip Code: 33001

County: Monroe

Subdivision: Long Key Ocean Bay Colony (69.0)

Area: 21 - Long Key

Realtor.COM Type: Multi-family

Waterfront: Yes

Control Depth: 4

Lot SqFt: 27134

Pool: No

Lot Sqft Source: Tax Records

Total Units: 0

Acres: 0.62

SqFt Source: Property Data Card

Rentals Allowed: Yes

Min Rental Days: 1

Style: Duplex

Year Built: 1972

Living Apx SqFt: 1647

Total Bedrooms: 4

Full Baths: 2

Total Baths: 2

Remarks – Consumer: Rarely does a Florida Keys property offer the combination of proven vacation rental income, transient rental zoning, private beachfront, and future development flexibility found at the historic Long Key Fish Camp. Situated at the southern tip of Long Key, this income-producing oceanfront property boasts 221 feet of private white sand beach, unobstructed Atlantic Ocean views, and both sunrise and sunset. Currently operating as a successful nightly vacation rental, the property offers a rare opportunity for investors seeking immediate income with the flexibility to further enhance or redevelop the site. The existing legal duplex features four bedrooms and two bathrooms, capturing the character and charm of Old Florida Keys living. Continue operating the property as a vacation rental, renovate the existing improvements, or explore the property's long-term redevelopment potential. The offering includes two development rights associated with the legal duplex, plus a third development right for an accessory structure, an increasingly rare asset in the Florida Keys. This unique combination creates opportunities to maximize rental income, establish a private waterfront compound, or pursue future redevelopment, subject to applicable approvals. Ideally positioned between Islamorada and Marathon, the property offers convenient access to marinas, restaurants, shopping, and airports while maintaining a level of privacy rarely found in the Keys. The shallow turquoise waters offshore are ideal for kayaking, paddleboarding, snorkeling, and fishing, while nearby Long Key State Park and the Long Key Viaduct provide access to some of the world's most renowned tarpon fishing. Adding to its significance, the property occupies the former site of Henry Flagler's original Long Key Fishing Camp. In the early 1900s, famed author Zane Grey helped establish Long Key as one of sportfishing's most celebrated destinations, hosting notable guests including Herbert Hoover and Franklin Rooseve

Directions: Mile Marker 65 Ocean front.

Mandatory Home Owners Asc: No

1st Right of Refusal: No

Association Fee $: 0

None: 1

Dock: Wood

None: 1

Dishwasher: 1

Dryer: 1

Microwave: 1

Oven: 1

Refrigerator: 1

Washer: 1

Pets Allowed: 1

Ceiling Fans(s): 1

Central Air: 1

Central: 1

Oceanfront: 1

Open Water: 1

Ocean View: 1

Open Water View: 1

Tile: 1

Beach: 1

Built-in Cabinets: 1

Cathedral Ceilings: 1

Granite Counter Top: 1

Smoke Alarms: 1

Split Bedroom: 1

Window Treatments: 1

Laundry Room: 1

Utility Room: 1

Above Flood: No

Ground Level: 1

Impact Rstnce Window: 1

Single Hung Windows: 1

Sliding Glass Doors: 1

No Security: 1

Combo Construction: 1

Frame: 1

1/2 - Less Than 1 AC: 1

Furnished: 1

Cash: 1

Conventional: 1

Seller Finance Psble: 1

Buyer to Verify: 1

Cable Available: 1

Community Swr Plant: 1

FKAA: 1

Deck: 1

Open Porch/Balcony: 1

Patio: 1

Title Ins - Buyer: 1

Chickee Hut: 1

Sandy Beach: 1

Shed: 1

Metal Roof: 1

Auction: No

Bank Owned: No

Potential Short Sale: No

Standard Sale: Yes

Parking: 1

Status: Active