Under contract

Contingent/Show

571 8Th Street

Key Colony FL, 33051

$1,990,000


$897.20 per sqft

Under contract

Contingent/Show

5 Beds

4 Baths

2,218 sqft

Multi-family

Built in 1970

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.

611843

MLS ID

October 17, 2024

Listed

November 22, 2024

Updated

Map

571 8Th Street
Key Colony FL, 33051

Interior Features

Total Stories

2


Bedrooms

5


Total Bathrooms

4


Full Bathrooms

4


Interior Features

Other, Single Hung Windows, Impact Rstnce Window, Sliding Glass Doors


Appliances

Dishwasher, Microwave, Oven, Range, Refrigerator


Floor Description

Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Ceiling Fans(s)


Heating

No

Exterior/Building Features

Lot Size

0.19 Acres


Exterior Features

Chickee Hut, Storage


Roof

Metal Roof

School Information

School District

Yes

Other Property Details

Area Name

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


Taxes

$11,301


Tax Frequency

Annually


Days on Market

30


Association Amenities

None


Garage

Yes


Parking

Garage, Trailer Storage, Covered Parking, RV Parking Open, Off Street Parking, Guest Parking, Open Parking, Attached


Parking Total

4


View

Yes


View Description

Canal View


County

Monroe


Pool

Yes


Pool Features

In Ground, Fiberglass


Waterfront

Yes


Zoning

R-2A - Key Colony Two Family

Listing History

Date

Event

Price

11/16/2024

Under contract

Listed by Gregg Powers with Keller Williams Key West Compass Realty
Listing Contact:  

The IDX display contains information sourced from the Florida Keys Board of REALTORS® as of 11/22/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Florida Keys Board of REALTORS® all rights reserved.

Data last updated on 11/22/2024 at 10:08 PM UTC

 

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