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$1,399,000
Key Colony, FL 33051
MLS# 620478
2 beds | 2 baths | 1144 sqft
1 / 43
Property Description
Turnkey and income-producing, this beautifully updated waterfront half-duplex is the perfect opportunity to own a slice of paradise while continuing its successful vacation rental legacy. Ideally situated on a quiet canal with stunning water views in the highly desirable Key Colony Beach, this 2-bedroom 2-bath stilted CBS construction half-duplex offers the ideal blend of relaxation, boating, and investment potential. Inside you will find vaulted ceilings, abundant natural light, and coastal-inspired decor. With beautiful water views from the kitchen, dining, and living area. Step outside to your private tropical oasis featuring a new 50' dock with quick access to the open water, a fish cleaning station, and multiple outdoor entertainment areas. Don't miss out on the rare opportunity to own a high-performing vacation rental with stunning water views on beautiful Key Colony Beach.
Details
Maps
Contract Information
Listing Board: Marathon/Lower Keys
As is Rght to Inspct: Yes
Species List: No
Current Price: $1,399,000
Listing Date: 2026-07-01
List Price: $1,399,000
Location, Tax & Legal
City: KEY COLONY
Mile Marker: 53.5
Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
Side: Ocean
Flood Zone: AE
Alternate Key #: 8739885
Parcel #: 00079200-000100
Zoning: R-2B - Key Colony Two Family
Deed Restrictions: Unknown
Legal: NWLY PT LOT 27 KEY COLONY BCH BOTEL SUBD PB4-82 CRAWL KEY OR1045-2287 OR1059-2123 OR1084-130/131 OR1174-2260/61C/T OR120
Taxes: 8741.11
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 101
Direction: N
Street Name: Coral
Street Suffix: Lane
Key/Island: Key Colony
State/Province: FL
Zip Code: 33051
County: Monroe
Subdivision: Key Colony Beach Botel (53.5)
Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
General Property Description
Realtor.COM Type: Residential - Single Family
Waterfront: Yes
Control Depth: 3
Lot SqFt: 3325
Pool: No
Lot Sqft Source: Property Data Card
Total Units: 1
Acres: 0.08
SqFt Source: Property Data Card
Rentals Allowed: Yes
Min Rental Days: 7
Style: Half Duplex
Year Built: 1989
Living Apx SqFt: 1144
Total Bedrooms: 2
Full Baths: 2
Total Baths: 2
Remarks & Misc
Remarks – Consumer: Turnkey and income-producing, this beautifully updated waterfront half-duplex is the perfect opportunity to own a slice of paradise while continuing its successful vacation rental legacy. Ideally situated on a quiet canal with stunning water views in the highly desirable Key Colony Beach, this 2-bedroom 2-bath stilted CBS construction half-duplex offers the ideal blend of relaxation, boating, and investment potential.
Inside you will find vaulted ceilings, abundant natural light, and coastal-inspired decor. With beautiful water views from the kitchen, dining, and living area. Step outside to your private tropical oasis featuring a new 50' dock with quick access to the open water, a fish cleaning station, and multiple outdoor entertainment areas.
Don't miss out on the rare opportunity to own a high-performing vacation rental with stunning water views on beautiful Key Colony Beach.
Directions: Take US-1 to Sadowski Causeway. Turn left on Clara Blvd, then turn right on Coral Lane. Property is the last home at the end of the street. Located on the right-hand side of the building.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
Fee Includes
None: 1
Dockage
Dock Length: 50
Dock: Composite
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Dryer: 1
Freezer: 1
Microwave: 1
Oven: 1
Range: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Washer: 1
Pets
Pets Allowed: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Waterfront
Bay Front: 1
Canal Front: 1
Waterview
Bay/Gulf View: 1
Canal View: 1
Floor
Tile: 1
Vinyl: 1
Neighborhood Feature
Other Area Features: 1
Property Condition
Updated/Remodeled: 1
Specialty Rooms
Other: 1
Building Style
Above Flood: Unknown
Stories: 1 Story
Windows/Doors
Impact Rstnce Doors: 1
Impact Rstnce Window: 1
Vehicle Storage
Carport: 1
Covered Parking: 1
Construction
CBS: 1
Concrete: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Negotiable: 1
Terms
Cash: 1
Conventional: 1
FHA: 1
VA: 1
Utilities
Buyer to Verify: 1
Elect Separate Meter: 1
FKAA: 1
Municipal Sewer: 1
Water Separate Meter: 1
Porch/Balcony
Deck: 1
Open Porch/Balcony: 1
Patio: 1
Title
Title Ins - Buyer: 1
Exterior Features
Storage: 1
Roof
Metal Roof: 1
Status Change Info
Status: Active
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: Bay Front; Canal Front
Waterview: Bay/Gulf View; Canal View
Property Condition: Updated/Remodeled
Vehicle Storage: Carport; Covered Parking
Furnished: Negotiable
Cooling: Ceiling Fans(s); Central Air
Utilities: Buyer to Verify; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter
Specialty Rooms: Other
Appliances: Dishwasher; Dryer; Freezer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features: Storage
Construction: CBS; Concrete
Floor: Tile; Vinyl
Roof: Metal Roof
Pets: Pets Allowed
Neighborhood Feature: Other Area Features
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; FHA; VA
Title: Title Ins - Buyer
Listing Office: KeysCations Realty
Last Updated: July - 01 - 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.