340-350 E Ocean Drive, Key Colony, FL 33051
$1,550,000
Property Type:
Residential
Bedrooms:
5
Baths:
3
Square Footage:
2,918
Lot Size (sq. ft.):
5,859
Status:
Active
Current Price:
$1,550,000
List Date:
3/11/2026
Last Modified:
3/29/2026
Listing Details MLS# 619018
Location, Tax & Legal
- Street #
- 340-350
- Direction
- E
- Street Name
- Ocean
- Street Suffix
- Drive
- Key/Island
- Key Colony
- State/Province
- FL
- Zip Code
- 33051
- County
- Monroe
- Subdivision
- Key Colony Bch Yacht (53.5)
- Area
- 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
- City
- KEY COLONY
- Mile Marker
- 53.5
- Marathon Neighborhood
- Marathon East - Gulf (Airport to Vaca)
- Side
- Ocean
- Alternate Key #
- 1077186
- Zoning
- R-2A - Key Colony Two Family
- Deed Restrictions
- Unknown
- Legal
- BK 3 LT 45 KEY COLONY BEACH PB3-120 SHELTER KEY
- Taxes
- 9835.95
- Tax Year
- 2025
- Pub Sewer HkUp
- Yes
Contract Information
- Listing Board
- Marathon/Lower Keys
General Property Description
- Realtor.COM Type
- Residential - Single Family
- Style
- Duplex
- Waterfront
- Yes
- Control Depth
- 5
- Pool
- No
- Year Built
- 1986
- Lot SqFt
- 5859
- Living Apx SqFt
- 2918
- SqFt Source
- Tax Records
- Total Bedrooms
- 5
- Full Baths
- 3
- Total Baths
- 3
- Rentals Allowed
- Yes
- Min Rental Days
- 7
Association Info
- Mandatory Home Owners Asc
- No
- 1st Right of Refusal
- No
- Association Fee $
- 0
Dockage
- Dock Length
- 50
- Dock
- Wood
- Other Dockage
- Yes
More Information
Building Style
- Above Flood
- Unknown
- Stilt Column Height
- Medium - 5Ft - 9Ft
Vehicle Storage
- Car(s)
- 4+
- Open Parking
- Yes
Remarks & Misc
- Remarks – Consumer
- Rare opportunity to own a legal duplex being sold as A Single Family Home 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. 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 Beach. Call Today!
- Directions
- US 1 TO SADOWSKI CSWY TO EAST OCEAN DR
Fee Includes
- None
- Yes
Tax Exemptions
- None
- Yes
Appliances
- Dishwasher
- Yes
- Dryer
- Yes
- Microwave
- Yes
- Oven
- Yes
- Refrigerator
- Yes
- Washer
- Yes
Pets
- Pets Allowed
- Yes
Cooling
- Central Air
- Yes
Heating
- Forced Air
- Yes
Waterfront
- Canal Front
- Yes
Waterview
- Canal View
- Yes
Floor
- Vinyl
- Yes
Neighborhood Feature
- Beach
- Yes
- Bike Paths
- Yes
- Tennis Courts
- Yes
Interior Features
- Built-in Cabinets
- Yes
- Cathedral Ceilings
- Yes
- Storage
- Yes
- Window Treatments
- Yes
Specialty Rooms
- Utility Room
- Yes
Windows/Doors
- Impact Rstnce Doors
- Yes
- Impact Rstnce Window
- Yes
Construction
- Frame
- Yes
Land Size
- Less Than 1/4 Acre
- Yes
Furnished
- Furnished
- Yes
Terms
- Cash
- Yes
- Conventional
- Yes
Utilities
- FKAA
- Yes
- Sewer Available
- Yes
Porch/Balcony
- Deck
- Yes
- Open Porch/Balcony
- Yes
Title
- Negotiable
- Yes
Exterior Features
- Shed
- Yes
- Storage
- Yes
Roof
- Metal Roof
- Yes
Property Features
Fee Includes:
None
Tax Exemptions:
None
Waterfront:
Canal Front
Waterview:
Canal View
Dockage:
Other Dockage
Vehicle Storage:
Open Parking
Furnished:
Furnished
Cooling:
Central Air
Heating:
Forced Air
Utilities:
FKAA; Sewer Available
Interior Features:
Built-in Cabinets; Cathedral Ceilings; Storage; Window Treatments
Specialty Rooms:
Utility Room
Appliances:
Dishwasher; Dryer; Microwave; Oven; Refrigerator; Washer
Exterior Features:
Shed; Storage
Construction:
Frame
Floor:
Vinyl
Roof:
Metal Roof
Pets:
Pets Allowed
Neighborhood Feature:
Beach; Bike Paths; Tennis Courts
Land Size:
Less Than 1/4 Acre
Terms:
Cash; Conventional
Title:
Negotiable
Listing Office:
Coldwell Banker Schmitt Real Estate Co.
Last Updated: March - 29 - 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.