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260 Sadowski Causeway, Key Colony, FL 33051

$1,350,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,540 Lot Size (sq. ft.): 5,045 Status: Active
Current Price: $1,350,000 List Date: 2/02/2026 Last Modified: 5/27/2026

Overview

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, and 'above flood' this popular ''Ellison'' half duplex offers 1,540 sq ft of well-designed living space on one level with NO STAIRS to climb. Offering more dockage than most half duplexes, with 46 FEET OF CANAL FRONTAGE WITH STEP DOWN DOCK 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 strong, 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, stainle ...

Listing Details MLS# 616455

Location, Tax & Legal

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
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

Contract Information

Listing Board
Marathon/Lower Keys
As is Rght to Inspct
Yes
Species List
No

General Property Description

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

Association Info

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

Dockage

Dock Length
46
Dock
Concrete
Seawall
Concrete

More Information

Building Style

Above Flood
Yes
Stories
1 Story
Ground Level
Yes

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, and 'above flood' this popular ''Ellison'' half duplex offers 1,540 sq ft of well-designed living space on one level with NO STAIRS to climb. Offering more dockage than most half duplexes, with 46 FEET OF CANAL FRONTAGE WITH STEP DOWN DOCK 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 strong, 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 TWO-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.

Fee Includes

None
Yes

Tax Exemptions

None
Yes

Appliances

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

Pets

Pets Allowed
Yes

Cooling

Ceiling Fans(s)
Yes
Central Air
Yes

Waterfront

Canal Front
Yes

Waterview

Canal View
Yes

Floor

Tile
Yes

Neighborhood Feature

Beach
Yes
Bike Paths
Yes
Tennis Courts
Yes
Other Area Features
Yes

Interior Features

Drapes/Blinds Incl
Yes
Granite Counter Top
Yes
Storage
Yes

Windows/Doors

Impact Rstnce Doors
Yes
Impact Rstnce Window
Yes
Other Windows/Doors
Yes
Sliding Glass Doors
Yes

Vehicle Storage

Garage
Yes
Guest Parking
Yes
Attached
Yes
Off Street Parking
Yes

Security

Patrolled Area
Yes

Construction

CBS
Yes
Concrete
Yes

Land Size

Less Than 1/4 Acre
Yes

Furnished

Furnished
Yes

Terms

Cash
Yes
Conventional
Yes
No Seller Finance
Yes

Utilities

Cable Available
Yes
Elect Separate Meter
Yes
FKAA
Yes
Municipal Sewer
Yes
Water Separate Meter
Yes

Porch/Balcony

Patio
Yes

Title

Title Ins - Buyer
Yes

Exterior Features

Fencing
Yes

Pool Info

In Ground
Yes
Concrete
Yes
Decked
Yes

Roof

Metal Roof
Yes

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: May - 27 - 2026
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.