$9,198,000
Key Colony, FL 33051
MLS# 614678
Status: Pending
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Property Description
Fantastic Oceanfront Development Opportunity in the heart of the Florida Keys! 2+ acres of prime oceanfront boasting 225' of beach front with dock permit in Key Colony Beach. A total of 3 lots with endless possibilities. Previous use was a 22 unit condominium. Or look into separating the lots to build 3 new luxury beach homes which are in very hot demand and rare to find. One house on this street sold March 2025 for $12 Million. Key Colony Beach is an upscale coastal community in the Middle Keys offering beautiful beaches, par 3 golf course, basketball, pickle and bocce ball, shopping and dining, marina, fishing charters, and 3 parks including Sunset Park where you will find Keys famous sunsets over the ocean all year long. Key Colony Beach also enjoys it's own police force and quick access to the Marathon Airport which is just minutes away.
Details
Maps
Documents
Contract Information
Listing Board: Key West Association
ROGO Exempt: Yes
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: Yes
Current Price: $9,198,000
Listing Date: 2025-04-17
List Price: $9,198,000
Location, Tax & Legal
City: KEY COLONY
Off Shore Island: No
Mile Marker: 53.5
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: AE VE by water only
Alternate Key #: 1084603
Parcel #: 00078380-000000
Zoning: R-3 - Multi Unit Res
Deed Restrictions: Unknown
Legal: LT 6 AMENDED & EXTENDED PLAT OF STEVENS SUBDIVISION SHELTER KEY PB4-8
Taxes: 0
Tax Year: 0
Street #: 721
Direction: W
Street Name: Ocean
Street Suffix: Drive
Key/Island: Key Colony
State/Province: FL
Zip Code: 33051
County: Monroe
Subdivision: Stevens Sub (53.5)
Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
General Property Description
Realtor.COM Type: Vacant Land
Waterfront: Yes
Control Depth: 2
Lot SqFt: 91650
Lot Sqft Source: Property Data Card
Total Lots: 3
Survey Available: Yes
Vegetation Survey: No
Remarks & Misc
Remarks – Consumer: Fantastic Oceanfront Development Opportunity in the heart of the Florida Keys! 2+ acres of prime oceanfront boasting 225' of beach front with dock permit in Key Colony Beach. A total of 3 lots with endless possibilities. Previous use was a 22 unit condominium. Or look into separating the lots to build 3 new luxury beach homes which are in very hot demand and rare to find. One house on this street sold March 2025 for $12 Million. Key Colony Beach is an upscale coastal community in the Middle Keys offering beautiful beaches, par 3 golf course, basketball, pickle and bocce ball, shopping and dining, marina, fishing charters, and 3 parks including Sunset Park where you will find Keys famous sunsets over the ocean all year long. Key Colony Beach also enjoys it's own police force and quick access to the Marathon Airport which is just minutes away.
Directions: From Overseas Hwy, turn Oceanside onto Sadowski Causeway, then right onto W Ocean Dr. The lot is on the left. Sign on property.
Assoc/Misc Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Miscellaneous Info
Mobile Home Lot: No
Dockage
Dock Permit: Yes
Tax Exemptions
None: 1
Waterfront
Beach Front: 1
Oceanfront: 1
Open Water: 1
Waterview
Ocean View: 1
Open Water View: 1
Neighborhood Feature
Beach: 1
Tennis Courts: 1
Other Area Features: 1
Location/Site
Cleared Site: 1
Paved Street: 1
Water Frontage: 1
Existing Utilities
Electric on Site: 1
Sewer: 1
Water Line: 1
BuildingPermit
Other Permit: 1
Land Size
More than 1 Lot: 1
2 Less Than 5 Acres: 1
Terms
No Seller Finance: 1
Title
Negotiable: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Under Contract Date: 2025-06-03
Contingent: None
Status: Pending
Property Features
Tax Exemptions: None
Waterfront: Beach Front; Oceanfront; Open Water
Waterview: Ocean View; Open Water View
Neighborhood Feature: Beach; Tennis Courts; Other Area Features
Existing Utilities: Electric on Site; Sewer; Water Line
BuildingPermit: Other Permit
Land Size: More than 1 Lot; 2 Less Than 5 Acres
Terms: No Seller Finance
Title: Negotiable
Survey 
Listing Office: Coldwell Banker Schmitt Real Estate Co
Last Updated: May - 27 - 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.