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340-350 E Ocean Drive

Key Colony, FL 33051
  • $1,550,000
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: 619018
UPDATED: 48 min ago
$1,550,000
  • 5
    BEDS
  • 0.13
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,918
    SQFT
  • $531
    $/SQFT
Type:
Single-Family Home
Built:
1986
County:

School Ratings & Info

Description

Investors! Full Duplex! Rare opportunity to own a legal duplex being sold in the heart of Key Colony Beach in the beautiful Florida Keys. Located just one street off the Atlantic Ocean, 340-350 E Ocean Drive offers exceptional space, boating access, and an amazing investment opportunity with flexibility at a competitive price designed to sell. With 5 bedrooms, 3 bathrooms, and over 2,900 sq ft of living space, this property provides the rare opportunity to own a large waterfront home while still benefiting from the layout of a legal duplex. Sold together as a single property, it offers incredible versatility for full-time living, vacation use, or income-producing investment. Boaters will appreciate 50 feet of dockage with dual docks, allowing space for multiple vessels and providing a quick, easy ride to the open Atlantic for world-class fishing and boating. The 340 E Ocean Drive side features towering ceilings and dramatic floor-to-ceiling windows, filling the home with natural light while showcasing beautiful canal views from multiple areas. This side includes 3 bedrooms, 2 bathrooms, and a private balcony to enjoy the coastal breeze. The 350 E Ocean Drive side offers 2 bedrooms and 1 bathroom, along with its own private balcony overlooking the canal, the perfect spot to enjoy a morning coffee or evening sunset. Head over to the Cabana Club which is just steps away, for some fun in the sun! Enjoy both ocean and canal views from this prime location just steps from the Atlantic. With a proven rental history, this property offers outstanding flexibility. Owners have the flexibility to live in one side and rent the other or rent both for maximum income potential. Updates include; •Impact windows and doors (2021) •5V Metal Crimp Roof (2021) •AC ( 2021 & 2023) •New Dock Posts (2024) Competitively priced and offering size, dockage, and location, this is a standout opportunity to own a versatile waterfront property in Key Colony Beach. Call To

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Saltwater Real Estate Florida Keys Inc are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.saltwaterkeys.com/homes/173946495
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340-350 E Ocean Drive Key Colony, FL 33051

  • Price: $1,550,000
  • Status: Active
  • On Site: 32 Days
  • Updated: 48 min ago
  • MLS #: 619018
5
Beds
3
Baths
0
½ Baths
0.13
Acres
2,918
SQFT
$531
$/SQFT
1986
Built
Neighborhood:
Key Colony Bch Yacht (53.5)
County:
Monroe
Area:
17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
Property Description
Investors! Full Duplex! Rare opportunity to own a legal duplex being sold in the heart of Key Colony Beach in the beautiful Florida Keys. Located just one street off the Atlantic Ocean, 340-350 E Ocean Drive offers exceptional space, boating access, and an amazing investment opportunity with flexibility at a competitive price designed to sell. With 5 bedrooms, 3 bathrooms, and over 2,900 sq ft of living space, this property provides the rare opportunity to own a large waterfront home while still benefiting from the layout of a legal duplex. Sold together as a single property, it offers incredible versatility for full-time living, vacation use, or income-producing investment. Boaters will appreciate 50 feet of dockage with dual docks, allowing space for multiple vessels and providing a quick, easy ride to the open Atlantic for world-class fishing and boating. The 340 E Ocean Drive side features towering ceilings and dramatic floor-to-ceiling windows, filling the home with natural light while showcasing beautiful canal views from multiple areas. This side includes 3 bedrooms, 2 bathrooms, and a private balcony to enjoy the coastal breeze. The 350 E Ocean Drive side offers 2 bedrooms and 1 bathroom, along with its own private balcony overlooking the canal, the perfect spot to enjoy a morning coffee or evening sunset. Head over to the Cabana Club which is just steps away, for some fun in the sun! Enjoy both ocean and canal views from this prime location just steps from the Atlantic. With a proven rental history, this property offers outstanding flexibility. Owners have the flexibility to live in one side and rent the other or rent both for maximum income potential. Updates include; •Impact windows and doors (2021) •5V Metal Crimp Roof (2021) •AC ( 2021 & 2023) •New Dock Posts (2024) Competitively priced and offering size, dockage, and location, this is a standout opportunity to own a versatile waterfront property in Key Colony Beach. Call To
Exterior Features

Architectural Style [] Attached Garage YN No Construction Materials Frame Dock Wood Dock Length 50 Dockage Other Dockage Exterior Features ShedStorage Parking Features Open Patio And Porch Features Open Porch/BalconyDeck Pool Features [] Pool Private YN No Roof Metal Roof Vehicle Storage Open Parking Vehicle Storage Cars 4+ View [] Waterview Canal View Window Features [] Windows Doors Impact Rstnce WindowImpact Rstnce Doors

Interior Features

Accessibility Features [] Appliances WasherDryerDishwasherRefrigeratorOvenMicrowave Cooling Central Air Cooling YN Yes Flooring Vinyl Furnished Furnished Heating Forced Air Heating YN True Interior Cathedral CeilingsBuilt-in CabinetsStorageWindow Treatments Interior Features Built-in CabinetsStorage Laundry Features [] Levels [] Rooms Total 0 Specialty Rooms Utility Room

Property Features

Above Flood Unknown Association Fee 0 Association Fee Includes None Association YN No Association1st Right Of Refusal No Building Features [] Community Features BeachBike Paths Control Depth 5 Deed Restricts Unknown Electric [] Frontage Type [] Green Energy Generation [] Green Water Conservation [] Land Size Less Than 1/4 Acre Listing Terms CashConventional Marathon Nbhd Marathon East - Gulf (Airport to Vaca) Mile Marker 53.5 Min Rental Days 7 Other Equipment [] Other Structures [] Pets Allowed Yes Property Condition [] Property Sub Type Duplex Public Sewer Hookup Yes Rental Allowed Yes Security Features [] Special Licenses [] Stilt Column Height Medium - 5Ft - 9Ft Tax Annual Amount 9835.95 Tax Legal Description BK 3 LT 45 KEY COLONY BEACH PB3-120 SHELTER KEY Tax Year 2025 Title Negotiable Utilities [] Utilities Info FKAASewer Available Water Source [] Waterfrnt Yes Waterfront Canal Front Waterfront Features [] Waterfront YN Yes Zoning R-2A - Key Colony Two Family

Listing courtesy of Jennifer Hamill of Coldwell Banker Schmitt Real Estate Co.: 305-743-5181.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Saltwater Real Estate Florida Keys Inc are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Saltwater Real Estate Florida Keys Inc
1075 Duval Street Ste 15C
Key West FL, 33040