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$700,000
65 Coral Lane
Key Colony, FL 33051
MLS# 621989
2 beds  |  2 baths  |  938 sqft


Patio/Canal
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Patio/Canal Front of House Kitchen Island/Living Room Living Room Living Room Living Room Living Room/Kitchen Kitchen Kitchen Kitchen/Hallway Guest Bathroom Guest Bedroom Guest Bedroom Guest Bedroom Guest Bedroom Guest Bedroom Primary Bedroom Primary Bedroom Primary Bedroom Primary Bathroom Primary Bathroom Side of House Patio Patio Patio Patio/Dock Patio/Canal Fish Cleaning Station Dock/Canal Front of House Front of House Front of House

Property Description
Welcome to 65 Coral Lane in desirable Key Colony Beach, famously known as the ''Gem of the Florida Keys!'' This updated, ground-level half duplex offers canal-front living, vacation rental potential, and the laid-back Florida Keys lifestyle. Featuring a 20-foot dock with room for an 18-foot boat, a fish cleaning station, and beautiful sunset views from the patio, this property is perfect for enjoying life on the water. With easy boating access to both the Atlantic Ocean and Gulf of America, it's an ideal location for boating and fishing enthusiasts. Inside you'll find a light, coastal-inspired design that creates a bright and inviting atmosphere. The updated interior features stainless steel appliances, a washer and dryer, a new mini-split system, two tankless water heaters, and a replaced sewer line from the home to the road. Additional benefits include separate electric and water meters from the adjoining duplex, offering added convenience and independence. Currently operating as an active vacation rental and STR approved, this property offers an opportunity to enjoy as a personal Keys getaway, investment property, or both. Offered furnished and with a 7-day minimum rental requirement, it's ready for its next owner to enjoy or continue its rental operation. Enjoy the many recreational amenities that make Key Colony Beach so special, including parks, playgrounds, bocce courts, pickleball courts, tennis courts, shuffleboard, and a 9-hole par-3 golf course. Conveniently located near local restaurants, shops, and Key Colony Beach marina, you'll enjoy easy access to everything that makes island living so desirable. Whether you're looking for a waterfront retreat, a boating getaway, or an income-producing property, this is your opportunity to own a piece of paradise in the Gem of the Florida Keys!

Details
Maps
Contract Information
Listing Board: Marathon/Lower Keys
Current Price: $700,000
Listing Date: 2026-11-09
List Price: $700,000
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 #: 8713215
Parcel #: 00079090-000100
Zoning: R-2A - Key Colony Two Family
Deed Restrictions: No
Legal: N 1/2 LOT 17 KEY COLONY BCH-BOTEL SUBD PB4-82 CRAWL KEY OR1018-338 OR1247-1707 OR1460-1545 OR1689-236AFF OR1994-855 OR27
Taxes: 5449.86
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 65
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: 4
Lot Size: 20 X 72
Lot SqFt: 1434
Pool: No
Total Units: 0
Acres: 0.03
SqFt Source: Property Data Card
Rentals Allowed: With Restrictions
Min Rental Days: 7
Style: Half Duplex
Year Built: 1961
Living Apx SqFt: 938
Total Bedrooms: 2
Full Baths: 2
Total Baths: 2
Remarks & Misc
Remarks – Consumer: Welcome to 65 Coral Lane in desirable Key Colony Beach, famously known as the ''Gem of the Florida Keys!'' This updated, ground-level half duplex offers canal-front living, vacation rental potential, and the laid-back Florida Keys lifestyle. Featuring a 20-foot dock with room for an 18-foot boat, a fish cleaning station, and beautiful sunset views from the patio, this property is perfect for enjoying life on the water. With easy boating access to both the Atlantic Ocean and Gulf of America, it's an ideal location for boating and fishing enthusiasts. Inside you'll find a light, coastal-inspired design that creates a bright and inviting atmosphere. The updated interior features stainless steel appliances, a washer and dryer, a new mini-split system, two tankless water heaters, and a replaced sewer line from the home to the road. Additional benefits include separate electric and water meters from the adjoining duplex, offering added convenience and independence. Currently operating as an active vacation rental and STR approved, this property offers an opportunity to enjoy as a personal Keys getaway, investment property, or both. Offered furnished and with a 7-day minimum rental requirement, it's ready for its next owner to enjoy or continue its rental operation. Enjoy the many recreational amenities that make Key Colony Beach so special, including parks, playgrounds, bocce courts, pickleball courts, tennis courts, shuffleboard, and a 9-hole par-3 golf course. Conveniently located near local restaurants, shops, and Key Colony Beach marina, you'll enjoy easy access to everything that makes island living so desirable. Whether you're looking for a waterfront retreat, a boating getaway, or an income-producing property, this is your opportunity to own a piece of paradise in the Gem of the Florida Keys!
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
Fee Includes
None: 1
Dockage
Dock Length: 20
Dock: Wood
Tax Exemptions
None: 1
Appliances
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
Wall/Window Unit(s): 1
Waterfront
Canal Front: 1
Waterview
Canal View: 1
Floor
Tile: 1
Neighborhood Feature
Beach: 1
Bike Paths: 1
Tennis Courts: 1
Other Area Features: 1
Interior Features
Drapes/Blinds Incl: 1
Granite Counter Top: 1
Pantry: 1
Smoke Alarms: 1
Property Condition
Updated/Remodeled: 1
Building Style
Above Flood: No
Ground Level: 1
Shotgun: 1
Windows/Doors
Sliding Glass Doors: 1
Vehicle Storage
Car(s): 2
Open Parking: 1
Off Street Parking: 1
Security
Patrolled Area: 1
Construction
CBS: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Furnished: 1
Terms
No Seller Finance: 1
Utilities
Buyer to Verify: 1
Elect Separate Meter: 1
FKAA: 1
Municipal Sewer: 1
Water Separate Meter: 1
Porch/Balcony
Patio: 1
Title
Title Ins - Buyer: 1
Exterior Features
Lighting: 1
Privacy Wall/Fence: 1
Roof
Other Roof: 1
Shutters
Bahama: 1
Panel: 1
GF-Interior Features
Tankless Hot Wtr Htr: 1
Status Change Info
Status: Active
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: Canal Front
Waterview: Canal View
Property Condition: Updated/Remodeled
Building Style: Ground Level; Shotgun
Vehicle Storage: Off Street Parking; Open Parking
Furnished: Furnished
Cooling: Ceiling Fans(s); Wall/Window Unit(s)
Utilities: Buyer to Verify; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter
Interior Features: Drapes/Blinds Incl; Granite Counter Top; Pantry; Smoke Alarms
Appliances: Dryer; Freezer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features: Lighting; Privacy Wall/Fence
Construction: CBS
Shutters: Bahama; Panel
Floor: Tile
Roof: Other Roof
Pets: Pets Allowed
Neighborhood Feature: Beach; Bike Paths; Tennis Courts; Other Area Features
Security: Patrolled Area
Land Size: Less Than 1/4 Acre
Terms: No Seller Finance
Title: Title Ins - Buyer
GF-Interior Features: Tankless Hot Wtr Htr

Listing Office: Engel & Völkers Marathon

Last Updated: November - 09 - 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.