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$1,225,000
Key West, FL 33040
MLS# 621189
1 beds | 1 baths | 475 sqft
1 / 22
Property Description
A TRANSIENT LICENSED rental located in the heart of Old Town Key West, the X flood zone and just 2.5 blocks from world famous Duval Street. The transient license allows for nightly rentals. A savvy investor could pounce on this rare opportunity to own a well-managed income producing property with excellent history & immediate income. Unit 6, aka Hidden Oasis, is 1 of only 11 units within the coveted enclave known as The Colony which features a large heated community pool, shared off-street parking and a gated entry to the pool area & the unit. Hidden Oasis has a prime location within the community tucked into the back left corner with an entry deck and an abundant private rear deck that includes exclusive use of umbrella seating for 4, a propane grill, a full size washer & dryer and an outdoor shower stall. This well maintained unit has an updated kitchen, bathroom and mini-split air conditioning. The living area is light & airy with transom windows, vaulted ceilings and a well-appointed open kitchen. The spacious bedroom features a king sized bed, tropical décor and access to the front deck. Pride of ownership is obvious when you review the recent history of this owner managed HOA. The community pool was resurfaced in 2021, all buildings had new metal roofs installed in 2023 and all buildings were termite tented August 2026. Take advantage of this rare opportunity for an excellent Key West investment with an owner use option. Sold furnished with future bookings.
Details
Maps
Documents
Contract Information
Listing Board: Key West Association
As is Rght to Inspct: Yes
Current Price: $1,225,000
Listing Date: 2026-09-03
List Price: $1,225,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
Unit #: # 6
City: KEY WEST
Off Shore Island: No
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Median
Flood Zone: X, 0.2 PCT
Alternate Key #: 9080352
Parcel #: 00020460000106
Zoning: HHDR - Historic High Density Residential
Deed Restrictions: Unknown
Legal: Unit 6 The Colony Condominium Or2051-920 Or2103-519/21 Or2299-1634 Or3130-0105 Or3135-1923
Taxes: 5611.45
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 714
Street Name: Olivia
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Old Town - Unlisted (1.0)
Area: 02 - Key West
General Property Description
Realtor.COM Type: Residential - Condo/Townhouse
Waterfront: No
Control Depth: 0
Lot SqFt: 0
Pool: Yes
Acres: 0
SqFt Source: Property Data Card
Rentals Allowed: Yes
Min Rental Days: 1
Style: Condo
Year Built: 1943
Living Apx SqFt: 475
Total Bedrooms: 1
Full Baths: 1
Total Baths: 1
Remarks & Misc
Remarks – Consumer: A TRANSIENT LICENSED rental located in the heart of Old Town Key West, the X flood zone and just 2.5 blocks from world famous Duval Street. The transient license allows for nightly rentals. A savvy investor could pounce on this rare opportunity to own a well-managed income producing property with excellent history & immediate income. Unit 6, aka Hidden Oasis, is 1 of only 11 units within the coveted enclave known as The Colony which features a large heated community pool, shared off-street parking and a gated entry to the pool area & the unit. Hidden Oasis has a prime location within the community tucked into the back left corner with an entry deck and an abundant private rear deck that includes exclusive use of umbrella seating for 4, a propane grill, a full size washer & dryer and an outdoor shower stall. This well maintained unit has an updated kitchen, bathroom and mini-split air conditioning. The living area is light & airy with transom windows, vaulted ceilings and a well-appointed open kitchen. The spacious bedroom features a king sized bed, tropical décor and access to the front deck. Pride of ownership is obvious when you review the recent history of this owner managed HOA. The community pool was resurfaced in 2021, all buildings had new metal roofs installed in 2023 and all buildings were termite tented August 2026. Take advantage of this rare opportunity for an excellent Key West investment with an owner use option. Sold furnished with future bookings.
Directions: Truman Ave to Elizabeth, turn North, turn right onto Olivia...on the right in the 700 block. Street parking for showings please.
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Condo Doc's: Yes
Association Fee $: 2500
Assoc/Mnt Fee Per: Quarterly
License Info
Transient Rntl Licns: Yes
Fee Includes
Bldg Exterior Mnt: 1
Building Insurance: 1
Common Area Mnt: 1
Sewer: 1
Water: 1
Dockage
None: 1
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Oven: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Washer: 1
Cooling
Ceiling Fans(s): 1
Ductless: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Tile: 1
Neighborhood Feature
Community Pool: 1
Interior Features
Quartz Countertops: 1
Smoke Alarms: 1
Window Treatments: 1
Property Condition
Updated/Remodeled: 1
Building Style
Above Flood: Yes
Windows/Doors
French Doors: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Furnished: 1
Utilities
Elect Separate Meter: 1
FKAA: 1
Municipal Sewer: 1
Porch/Balcony
Deck: 1
Title
Negotiable: 1
Exterior Features
Fencing: 1
Outdoor Shower: 1
Rain Gutters: 1
Pool Info
In Ground: 1
Heated: Yes
Concrete: 1
Decked: 1
Roof
Metal Roof: 1
Financial Status
Standard Sale: Yes
Status Change Info
Status: Active
Property Features
Fee Includes: Bldg Exterior Mnt; Building Insurance; Common Area Mnt; Sewer; Water
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Property Condition: Updated/Remodeled
Furnished: Furnished
Cooling: Ceiling Fans(s); Ductless
Utilities: Elect Separate Meter; FKAA; Municipal Sewer
Interior Features: Quartz Countertops; Smoke Alarms; Window Treatments
Appliances: Dishwasher; Dryer; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features: Fencing; Outdoor Shower; Rain Gutters
Pool Info: In Ground; Concrete; Decked
Construction: Frame
Floor: Tile
Roof: Metal Roof
Neighborhood Feature: Community Pool
Land Size: Less Than 1/4 Acre
Title: Negotiable
HOA Documents 
Listing Office: Key West Sales, LLC
Last Updated: September - 03 - 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.