571 8Th ST Contingent

Key Colony,FL 33051

$ 1990000

5 Beds

4 Baths

2218 SqFt


Key Details

Property Type Multi-Family

Sub Type Multi-family

Listing Status Contingent

Purchase Type For Sale

Square Footage 2,218 sqft

Price per Sqft $897

Subdivision Key Colony Beach (53.5)

MLS Listing ID 611843

Style Duplex

Bedrooms 5

Full Baths 4

Year Built 1970

Annual Tax Amount $11,300

Tax Year 2023

Property Description

Introducing 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.

Location

State FL

County Monroe

Area 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony

Zoning R-2A - Key Colony Two Family

Interior

Heating Central Air,Ceiling Fans(s)

Cooling Central Air,Ceiling Fans(s)

Flooring Tile

Exterior

Exterior Feature Chickee Hut,Storage

Pool Yes

Utilities Available FKAA,Elect Separate Meter,Water Separate Meter,Municipal Sewer

Waterfront Description Canal Front

Roof Type Metal Roof

Building

Story 2 Stories

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