$2,995,000
 $16,078 est/mo Sourced by Back At You

580 & 590 10th Street,KEY COLONY, FL 33051

KEY COLONY, FL 33051

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Description

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.

Details

MLS #617788
Listing TypeFor Sale
StyleDuplex
Sub-TypeResale
StatusActive
Year1985
Days On Site242
Listing Provided ByBerkshire Hathaway HomeServices Keys Real Estate | Nate Bartlett

Features

Bed(s)7
Bath(s) 7 Total
SQ Feet4,478
PoolYes
ZoningR-2A - Key Colony Two Family
Acreage0.19
Water FrontYes
Property ViewCanal

Taxes

Property19308

Area Information

StateFL
CountyMonroe
CityKEY COLONY
Zip Code33051
Area17 Vaca Cut Both Sides Holiday Inn | Key Colony
Community NameKey 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
100% of Average
sqft:
4,478
low | high
Med:
2,060
100% of Average
$ / sqft:
$669
low | high
Med:
$590
61.809303212808% of Average
On site:
242
low | high
Med:
125
100% of Average
Sourced by Back At You

Market Activity 33051

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Learn More About This Property

StateFL
CountyMonroe
CityKEY COLONY
Zip Code33051
Area17 Vaca Cut Both Sides Holiday Inn | Key Colony
Community NameKey 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
100% of Average
sqft:
4,478
low | high
Med:
2,060
100% of Average
$ / sqft:
$669
low | high
Med:
$590
61.809303212808% of Average
On site:
242
low | high
Med:
125
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.246M - $3.743M
sqft: 3,000 - 5,500
Nearby Listings Property ImageNearby Listings Details
581 10th Street Property Photo 1
$2,499,000
581 10th Street
Key Colony, FL 33051
Listing Updated: May 21, 2026 at 5:42:03 PM PDT
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