Search


$2,075,000
320 5Th Street
Key Colony, FL 33051
MLS# 618755
5 beds  |  3 baths  |  3234 sqft


DRONE-01
  1 / 52  
DRONE-01 DRONE-02 DRONE-03 DRONE-04 DRONE-05 DRONE-06 DRONE-07 Upstairs Living 1 Upstairs Living 2 Upstairs Living 3 Upstairs Living 4 Upstairs Living 5 Upstairs Living 6 Upstairs Dining 1 Upstairs Dining 2 Upstairs Kitchen 1 Upstairs Kitchen 2 320 5th-8 320 5th-6 320 5th-7 320 5th-15 320 5th-16 320 5th-17 320 5th-18 320 5th-19 320 5th-12 320 5th-21 320 5th-20 320 5th-22 320 5th-23 320 5th-24 320 5th-25 320 5th-26 320 5th-27 320 5th-30 320 Beach -1 320 Beach -14 320 Beach -2 320 5th-29 320 5th-28 320 5th-31 320 5th-32 320 5th-33 320 5th-38 320 5th-34 320 5th-35 320 5th-36 320 5th-37 320 Beach Drone-3 320 Beach Drone-4 320 Beach Drone-6 320 5th St Floor Plan

Property Description
Spacious and sophisticated waterfront home situated on a wide canal with desirable eastern exposure, offering serene views of the in-ground pool and 100-foot-wide canal. Designed for both entertaining and everyday comfort, the home features a covered patio on the lower level and a generous wooden deck on the upper level, connected by elegant spiral stairs leading to a dedicated entertainment area below. The newly updated upstairs kitchen is bright, modern, and exceptionally spacious, anchoring the upper-level living space. This five-bedroom, three-bathroom residence is thoughtfully laid out with two bedrooms and two bathrooms upstairs, and three bedrooms with one bathroom downstairs--ideal for extended family, guests, or rental flexibility. A circular paver driveway provides ample parking, while separate living areas on each floor enhance privacy and functionality. The Corian kitchen, expansive layout, and waterfront lifestyle make this property suitable as a large family home, corporate retreat, or high-performing vacation rental. Complete with a private boat lift and quick access to the Atlantic Ocean, this home delivers the full waterfront experience--whether as a permanent residence or an income-generating investment.

Details
Maps
Contract Information
Listing Board: Key West Association
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Current Price: $2,075,000
Listing Date: 2026-02-21
List Price: $2,075,000
Location, Tax & Legal
City: KEY COLONY
Off Shore Island: No
Mile Marker: 53.5
Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
Side: Ocean
Flood Zone: AE
Alternate Key #: 1077569
Parcel #: 00073480-000000
Zoning: COZ - Key Colony County Zoning
Deed Restrictions: Unknown
Legal: BK 4 LT 36 KEY COLONY BEACH PB3-120 SHELTER KEY OR114-314 OR380-643 OR533-977 OR533-1086 OR833-612 OR840-358 OR930-1286
Taxes: 13149.97
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 320
Street Name: 5Th
Street Suffix: Street
Key/Island: Key Colony
State/Province: FL
Zip Code: 33051
County: Monroe
Subdivision: Key Colony Beach (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: 4
Lot Size: 60 X 110
Lot SqFt: 6600
Pool: Yes
Lot Sqft Source: Tax Records
Total Units: 0
Acres: 0.15
SqFt Source: Tax Records
Rentals Allowed: Yes
Min Rental Days: 7
Style: Single Family
Year Built: 1971
Living Apx SqFt: 3234
Total Bedrooms: 5
Full Baths: 3
Total Baths: 3
Remarks & Misc
Remarks – Consumer: Spacious and sophisticated waterfront home situated on a wide canal with desirable eastern exposure, offering serene views of the in-ground pool and 100-foot-wide canal. Designed for both entertaining and everyday comfort, the home features a covered patio on the lower level and a generous wooden deck on the upper level, connected by elegant spiral stairs leading to a dedicated entertainment area below. The newly updated upstairs kitchen is bright, modern, and exceptionally spacious, anchoring the upper-level living space. This five-bedroom, three-bathroom residence is thoughtfully laid out with two bedrooms and two bathrooms upstairs, and three bedrooms with one bathroom downstairs--ideal for extended family, guests, or rental flexibility. A circular paver driveway provides ample parking, while separate living areas on each floor enhance privacy and functionality. The Corian kitchen, expansive layout, and waterfront lifestyle make this property suitable as a large family home, corporate retreat, or high-performing vacation rental. Complete with a private boat lift and quick access to the Atlantic Ocean, this home delivers the full waterfront experience--whether as a permanent residence or an income-generating investment.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
Fee Includes
None: 1
Dockage
Dock Length: 60
Boat Lift: 1
Seawall: Concrete
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Microwave: 1
Oven: 1
Pets
Pets Allowed: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Wall/Window Unit(s): 1
Waterfront
Canal Front: 1
Waterview
Canal View: 1
Floor
Tile: 1
Wood: 1
Neighborhood Feature
Bike Paths: 1
Fire Hydrant: 1
Interior Features
Built-in Cabinets: 1
Entrance Foyer: 1
Smoke Alarms: 1
Storage: 1
Walk-in Closet(s): 1
Other: 1
Specialty Rooms
Laundry Room: 1
Workshop: 1
Building Style
A-Frame: 1
Above Flood: Yes
Stories: 2 Stories
Windows/Doors
Single Hung Windows: 1
Sliding Glass Doors: 1
Vehicle Storage
Open Parking: 1
Assigned Parking: 1
Security
Patrolled Area: 1
Construction
Combo Construction: 1
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Negotiable: 1
Utilities
Buyer to Verify: 1
Cable Available: 1
Community Swr Plant: 1
FKAA: 1
Porch/Balcony
Deck: 1
Open Porch/Balcony: 1
Title
Negotiable: 1
Exterior Features
Privacy Wall/Fence: 1
Storage: 1
Pool Info
In Ground: 1
Roof
Metal Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Accessibility Feat
Parking: 1
Shutters
Accordion: 1
Status Change Info
Status: Active
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: Canal Front
Waterview: Canal View
Dockage: Boat Lift
Building Style: A-Frame
Vehicle Storage: Assigned Parking; Open Parking
Furnished: Negotiable
Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s)
Utilities: Buyer to Verify; Cable Available; Community Swr Plant; FKAA
Interior Features: Built-in Cabinets; Entrance Foyer; Smoke Alarms; Storage; Walk-in Closet(s); Other
Specialty Rooms: Laundry Room; Workshop
Appliances: Dishwasher; Microwave; Oven
Exterior Features: Privacy Wall/Fence; Storage
Accessibility Feat: Parking
Pool Info: In Ground
Construction: Combo Construction; Frame
Shutters: Accordion
Floor: Tile; Wood
Roof: Metal Roof
Pets: Pets Allowed
Neighborhood Feature: Bike Paths; Fire Hydrant
Security: Patrolled Area
Land Size: Less Than 1/4 Acre
Title: Negotiable

Listing Office: Coastal Collection Real Estate Inc.

Last Updated: February - 23 - 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.