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Key Colony,FL 33051
Key Details
Property Type Multi-Family
Sub Type Multi-family
Listing Status Active
Purchase Type For Sale
Square Footage 1,540 sqft
Price per Sqft $1,005
Subdivision Marina Sub (54.0)
MLS Listing ID 616455
Style Half Duplex
Bedrooms 3
Full Baths 2
Construction Status CBS,Concrete
HOA Y/N No
Rental Info With Restrictions
Year Built 2006
Annual Tax Amount $9,425
Tax Year 2024
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Multi-family
Property Description
Waterfront Investment Opportunity in the Florida Keys! Located in desirable Key Colony Beach, this 3-bedroom, 2-bath property offers the perfect blend of tropical living and income-producing potential. Built in 2006, this popular ''Ellison'' half duplex offers 1,540 sq ft of well-designed living space and 46 feet of canal frontage with dockage and quick access to the ocean--a dream setup for boating, fishing, and watersports enthusiasts. This property has operated as a well-established and successful weekly vacation rental for over 10 years. Per the seller, it generates, on average, $135K-$140K in annual gross income and rents 49 weeks per year. Future bookings are already strong, with $40,000 secured for 2026 and $44,000 for 2027, making this a truly turnkey investment opportunity. Inside, you'll find a bright and open floor plan with tile flooring throughout, complemented by a nice sized kitchen with granite countertops, stainless steel appliances, and ample cabinet space. The spacious primary suite includes an ensuite bath with double vanities, while two additional bedrooms offer flexibility for guests or family. Step outside and enjoy true Florida Keys outdoor living with your private pool, the perfect spot for relaxing after a day on the water, and there's plenty of room in the 2-car garage to store your boating and fishing gear. You'll also enjoy access to all that Key Colony Beach has to offer, including Sunset Park, tennis courts, pickleball, a 9-hole golf course, playground, and a couple of restaurants--all within easy walking or biking distance. Whether you're seeking a second home in paradise or a proven short-term weekly rental, this property delivers both lifestyle and ROI. Enjoy it yourself when you like, and have it generate income for you when you can't be there!
Location
State FL
County Monroe
Area 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
Zoning R-2C - Key Colony Two Family
Interior
Interior Features Drapes/Blinds Incl,Granite Counter Top,Storage
Heating Central Air,Ceiling Fans(s)
Cooling Central Air,Ceiling Fans(s)
Flooring Tile
Furnishings Furnished
Appliance Washer,Stainless Steel Appliance(s),Microwave,Oven,Range,Refrigerator,Dishwasher,Dryer
Exterior
Exterior Feature Fencing
Parking Features Garage,Off Street Parking,Guest Parking,Attached
Pool In Ground,Decked,Concrete
Community Features Tennis Courts,Bike Paths,Other Area Features,Beach
Utilities Available FKAA,Water Separate Meter,Cable Available,Elect Separate Meter,Municipal Sewer
Waterfront Description Canal Front
View Canal View
Roof Type Metal Roof
Porch Patio
Private Pool Yes
Building
Story 1 Story
Sewer Yes
Construction Status CBS,Concrete
Others
SqFt Source Property Data Card
Security Features Patrolled Area
Acceptable Financing No Seller Finance,Cash,Conventional
Listing Terms No Seller Finance,Cash,Conventional
Pets Allowed Pets Allowed