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260 Sadowski Causeway, Key Colony, FL 33051

$1,549,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,540 Lot Size (sq. ft.): 5,045 Status: Active
Current Price: $1,549,000 List Date: 9/11/2025 Last Modified: 11/14/2025

Description

Waterfront Investment Opportunity in the Florida Keys! Located in desirable Key Colony Beach, this 3-bedroom, 2-bath property offers the perfect blend of tropical living and income-producing potential. Built in 2006, this popular ''Ellison'' half duplex offers 1,540 sq ft of well-designed living space and 46 feet of canal frontage with dockage and quick access to the ocean—a dream setup for boating, fishing, and watersports enthusiasts. This property has operated as a well-established and successful weekly vacation rental for over 10 years. Per the seller, it generates, on average, $135K-$140K in annual gross income and rents 49 weeks per year. Future bookings are already strong, with $40,000 secured for 2026 and $44,000 for 2027, making this a truly turnkey investment opportunity. Inside, you'll find a bright and open floor plan with tile flooring throughout, complemented by a nice sized kitchen with granite countertops, stainless steel appliances, and ample cabinet space. The spacious primary suite includes an ensuite bath with double vanities, while two additional bedrooms offer flexibility for guests or family. Step outside and enjoy true Florida Keys outdoor living with your private pool, the perfect spot for relaxing after a day on the water, and there's plenty of room in the 2-car garage to store your boating and fishing gear. You'll also enjoy access to all that Key Colony Beach has to offer, including Sunset Park, tennis courts, pickleball, a 9-hole golf course, playground, and a couple of restaurants—all within easy walking or biking distance. Whether you're seeking a second home in paradise or a proven short-term weekly rental, this property delivers both lifestyle and ROI. Enjoy it yourself when you like, and have it generate income for you when you can't be there!

More Information MLS# 616455

Contract Information

Listing Board: Marathon/Lower Keys As is Rght to Inspct: Yes Species List: No Current Price: $1,549,000 Listing Date: 2025-09-11 List Price: $1,549,000

Location, Tax & Legal

City: KEY COLONY Off Shore Island: No Mile Marker: 54 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE Alternate Key #: 9101046 Parcel #: 00079372-000510 Zoning: R-2C - Key Colony Two Family Deed Restrictions: Yes Legal: SLY 1/2 LT 5 NEW MARINA SUBDIVISION PB7-73 Taxes: 9425.86 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 260 Street Name: Sadowski Causeway Key/Island: Key Colony State/Province: FL Zip Code: 33051 County: Monroe Subdivision: Marina Sub (54.0) Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony

General Property Description

Realtor.COM Type: Multi-family Waterfront: Yes Control Depth: 4 Lot SqFt: 5045 Pool: Yes Lot Sqft Source: Property Data Card Total Units: 1 Acres: 0.12 SqFt Source: Property Data Card Rentals Allowed: With Restrictions Min Rental Days: 7 Style: Half Duplex Year Built: 2006 Living Apx SqFt: 1540 Total Bedrooms: 3 Full Baths: 2 Total Baths: 2

Remarks & Misc

Remarks – Consumer: Waterfront Investment Opportunity in the Florida Keys! Located in desirable Key Colony Beach, this 3-bedroom, 2-bath property offers the perfect blend of tropical living and income-producing potential. Built in 2006, this popular ''Ellison'' half duplex offers 1,540 sq ft of well-designed living space and 46 feet of canal frontage with dockage and quick access to the ocean—a dream setup for boating, fishing, and watersports enthusiasts. This property has operated as a well-established and successful weekly vacation rental for over 10 years. Per the seller, it generates, on average, $135K-$140K in annual gross income and rents 49 weeks per year. Future bookings are already strong, with $40,000 secured for 2026 and $44,000 for 2027, making this a truly turnkey investment opportunity. Inside, you'll find a bright and open floor plan with tile flooring throughout, complemented by a nice sized kitchen with granite countertops, stainless steel appliances, and ample cabinet space. The spacious primary suite includes an ensuite bath with double vanities, while two additional bedrooms offer flexibility for guests or family. Step outside and enjoy true Florida Keys outdoor living with your private pool, the perfect spot for relaxing after a day on the water, and there's plenty of room in the 2-car garage to store your boating and fishing gear. You'll also enjoy access to all that Key Colony Beach has to offer, including Sunset Park, tennis courts, pickleball, a 9-hole golf course, playground, and a couple of restaurants—all within easy walking or biking distance. Whether you're seeking a second home in paradise or a proven short-term weekly rental, this property delivers both lifestyle and ROI. Enjoy it yourself when you like, and have it generate income for you when you can't be there! Directions: US 1 to Sadowski Causeway, property is on the left about 3/4 way down.

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 0

Fee Includes

None: 1

Dockage

Dock Length: 46 Dock: Concrete Seawall: Concrete

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Waterfront

Canal Front: 1

Waterview

Canal View: 1

Floor

Tile: 1

Neighborhood Feature

Beach: 1 Bike Paths: 1 Tennis Courts: 1 Other Area Features: 1

Interior Features

Drapes/Blinds Incl: 1 Granite Counter Top: 1 Storage: 1

Building Style

Above Flood: Yes Ground Level: 1 Stories: 1 Story

Windows/Doors

Impact Rstnce Doors: 1 Impact Rstnce Window: 1 Other Windows/Doors: 1 Sliding Glass Doors: 1

Vehicle Storage

Garage: 1 Guest Parking: 1 Attached: 1 Off Street Parking: 1

Security

Patrolled Area: 1

Construction

CBS: 1 Concrete: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Furnished: 1

Terms

Cash: 1 Conventional: 1 No Seller Finance: 1

Utilities

Cable Available: 1 Elect Separate Meter: 1 FKAA: 1 Municipal Sewer: 1 Water Separate Meter: 1

Porch/Balcony

Patio: 1

Title

Title Ins - Buyer: 1

Exterior Features

Fencing: 1

Pool Info

In Ground: 1 Concrete: 1 Decked: 1

Roof

Metal Roof: 1

Status Change Info

Status: Active

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Canal Front Waterview: Canal View Building Style: Ground Level Vehicle Storage: Garage; Attached; Guest Parking; Off Street Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Utilities: Cable Available; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Interior Features: Drapes/Blinds Incl; Granite Counter Top; Storage Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Fencing Pool Info: In Ground; Concrete; Decked Construction: CBS; Concrete Floor: Tile Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Beach; Bike Paths; Tennis Courts; Other Area Features Security: Patrolled Area Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; No Seller Finance Title: Title Ins - Buyer
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: November - 14 - 2025
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.