340-350 E Ocean Drive,KEY COLONY, FL 33051
KEY COLONY, FL 33051
Description
Investors! Full Duplex! Own both sides! This is 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
Details
| MLS # | 619018 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Contingent/show |
| Year | 1986 |
| Days On Site | 163 |
| Listing Provided By | Coldwell Banker Schmitt Real Estate Co. | Amy Puto |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,918 |
| Zoning | R-2A - Key Colony Two Family |
| Acreage | 0.13 |
| Water Front | Yes |
| Property View | Canal |
Taxes
| Property | 9835 |
|---|
Area Information
| State | FL |
|---|---|
| County | Monroe |
| City | KEY COLONY |
| Zip Code | 33051 |
| Area | 17 Vaca Cut Both Sides Holiday Inn | Key Colony |
| Community Name | Key Colony Bch Yacht (53.5) |
| Listing VS Median (in Key Colony Bch Yacht (53.5)) | |
Price: $1,550,000 low | high Med: $1,550,000 sqft: 2,918 low | high Med: 2,918 $ / sqft: $531 low | high Med: $531 On site: 163 low | high Med: 163 | |
Market Activity 33051
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The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
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Learn More About This Property
| State | FL |
|---|---|
| County | Monroe |
| City | KEY COLONY |
| Zip Code | 33051 |
| Area | 17 Vaca Cut Both Sides Holiday Inn | Key Colony |
| Community Name | Key Colony Bch Yacht (53.5) |
| Listing VS Median (in Key Colony Bch Yacht (53.5)) | |
Price: $1,550,000 low | high Med: $1,550,000 sqft: 2,918 low | high Med: 2,918 $ / sqft: $531 low | high Med: $531 On site: 163 low | high Med: 163 | |
 | $1,550,000350 E Ocean DriveKey Colony Beach, FL |