Exceptional canal-front opportunity with proven income potential. This expansive 7-bedroom, 7-bath residence offers outstanding flexibility as a legal duplex with an interior lockout, allowing it to function seamlessly as a large single-family home or as two separate living spaces. The configuration includes a generous 5BR/4BA main residence paired with a private 2BR/2BA guest wing, topped off by a convenient pool bath located in the game room, making it ideal for multigenerational living, guests, or vacation rental use. The main living space welcomes you with a dramatic two-story entry, an open-concept great room, multiple dining areas, wet bar, and a well-appointed kitchen that flows to a waterside balcony. The lower-level unit features its own open living and kitchen area, providing privacy and versatility. Four bedrooms are ensuite, complemented by 2 primary suites overlooking the water. Recent upgrades include complete concrete spalling repairs and a fresh exterior repaint, adding peace of mind and refreshed curb appeal. Mediterranean-inspired design elements are carried throughout, along with impact windows and doors, multiple balconies, and inviting indoor-outdoor living spaces. Outside, enjoy a heated pool, spa, covered poolside lanai, and 75 feet of concrete dockage with quick boating access to both the Atlantic Ocean and the Gulf of America. Additional features include a two-car garage and ample off-street parking. This property has a strong, established vacation rental history and is currently an active rental.
| MLS # | 617788 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1985 |
| Days On Site | 242 |
| Listing Provided By | Berkshire Hathaway HomeServices Keys Real Estate | Nate Bartlett |
| Bed(s) | 7 |
|---|---|
| Bath(s) | 7 Total |
| SQ Feet | 4,478 |
| Pool | Yes |
| Zoning | R-2A - Key Colony Two Family |
| Acreage | 0.19 |
| Water Front | Yes |
| Property View | Canal |
| Property | 19308 |
|---|
| 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 1st Addn Amd Plat (53.5) |
| Listing VS Median (in Key Colony Bch 1st Addn Amd Plat (53.5)) | |
Price: $2,995,000 low | high Med: $1,212,500 sqft: 4,478 low | high Med: 2,060 $ / sqft: $669 low | high Med: $590 On site: 242 low | high Med: 125 | |
| 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 1st Addn Amd Plat (53.5) |
| Listing VS Median (in Key Colony Bch 1st Addn Amd Plat (53.5)) | |
Price: $2,995,000 low | high Med: $1,212,500 sqft: 4,478 low | high Med: 2,060 $ / sqft: $669 low | high Med: $590 On site: 242 low | high Med: 125 | |
![]() | $2,499,000581 10th StreetKey Colony, FL 33051 |