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55 Coral Way, Stock Island, FL 33040

$1,299,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,420 Lot Size (sq. ft.): 1,154 Status: Active
Current Price: $1,299,000 List Date: 6/28/2025 Last Modified: 10/10/2025

Description

$151,000 PRICE REDUCTION! Here is your chance to purchase a TRUE TRANSIENT 3BR/3BA 1420 sq ft home. OCTOPUS'S GARDEN is one of only 8 stand alone units in the Coral Hammock gated community and has generated up to $157,000 in gross annual income. This income-producing home is being offered as a turnkey purchase, whimsically decorated with furnishings that reflect the laid-back, quirky island life style of Key West. You will be just down the street from the famous Hogfish Bar & Grill, Roostica Pizzeria, Hurricane Hole Marina & Restaurant and Chico's Cantina. The Key West Golf Club is just across the street. You will be just a short bike or Uber ride from Old Town Key West. THE COMMUNITY & GROUNDS... This freestanding home has two off street parking spaces directly in front, with a grassy lawn that surrounds the house. The front porch offers a shaded area to sit and relax. The back porch is perfect for a BBQ and the big back yard is great for the kids. An enormous communal swimming pool surrounded by plenty of chaise lounges directly across from your front door. Access to the clubhouse includes a shaded patio area overlooking the pool, as well as an indoor gathering area and a private fitness center with cardio equipment and free weights. FEATURES... **New impact doors and windows installed recently **New HVAC system installed in April 2025 with warranty **Interior and all exterior walls, and trim freshly painted **All decks freshly painted **Range, dish washer & microwave all replaced within the last three years **New furnishings & art work recently installed. **High quality flooring installed. **Home is scheduled for preventative termite tenting July 20. ** Washer and Dryer ** Ceiling Fans ** TVs in Living Room & All Bedrooms ** Fully Equipped Kitchen ** Linens and Towels included ** Community Pool Access ** Assigned Off-street Parking for 2 cars ** Fitness Center ** Clubhouse available for private parties

More Information MLS# 615593

Contract Information

Listing Board: Key West Association As is Rght to Inspct: Yes Species List: No Current Price: $1,299,000 Listing Date: 2025-06-28 List Price: $1,299,000

Location, Tax & Legal

City: Stock Island Mile Marker: 5 Marathon Neighborhood: N/A Side: Median Flood Zone: AE Alternate Key #: 9081098 Handicap Access: No Parcel #: 00124100-000128 Zoning: MU - Mixed Use District Deed Restrictions: Unknown Legal: STOCK ISLAND PT MALONEY SUB PB1-55 A/K/A UNIT 128 CORAL HAMMOCK OR1989-61/107DEC OR2096-1667/1669 OR2356-1220/22C OR257 Taxes: 6399.26 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 55 Street Name: Coral Street Suffix: Way Key/Island: Stock Island State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Maloney Sub (5.0) Area: 05 - Stock Island to Shark Key

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: No Control Depth: 0 Lot SqFt: 1154 Pool: Yes Lot Sqft Source: Property Data Card Total Units: 0 Acres: 0.03 SqFt Source: Property Data Card Rentals Allowed: Yes Min Rental Days: 1 Style: Single Family Year Built: 2004 Living Apx SqFt: 1420 Total Bedrooms: 3 Full Baths: 3 Total Baths: 3

Remarks & Misc

Remarks – Consumer: $151,000 PRICE REDUCTION! Here is your chance to purchase a TRUE TRANSIENT 3BR/3BA 1420 sq ft home. OCTOPUS'S GARDEN is one of only 8 stand alone units in the Coral Hammock gated community and has generated up to $157,000 in gross annual income. This income-producing home is being offered as a turnkey purchase, whimsically decorated with furnishings that reflect the laid-back, quirky island life style of Key West. You will be just down the street from the famous Hogfish Bar & Grill, Roostica Pizzeria, Hurricane Hole Marina & Restaurant and Chico's Cantina. The Key West Golf Club is just across the street. You will be just a short bike or Uber ride from Old Town Key West. THE COMMUNITY & GROUNDS... This freestanding home has two off street parking spaces directly in front, with a grassy lawn that surrounds the house. The front porch offers a shaded area to sit and relax. The back porch is perfect for a BBQ and the big back yard is great for the kids. An enormous communal swimming pool surrounded by plenty of chaise lounges directly across from your front door. Access to the clubhouse includes a shaded patio area overlooking the pool, as well as an indoor gathering area and a private fitness center with cardio equipment and free weights. FEATURES... **New impact doors and windows installed recently **New HVAC system installed in April 2025 with warranty **Interior and all exterior walls, and trim freshly painted **All decks freshly painted **Range, dish washer & microwave all replaced within the last three years **New furnishings & art work recently installed. **High quality flooring installed. **Home is scheduled for preventative termite tenting July 20. ** Washer and Dryer ** Ceiling Fans ** TVs in Living Room & All Bedrooms ** Fully Equipped Kitchen ** Linens and Towels included ** Community Pool Access ** Assigned Off-street Parking for 2 cars ** Fitness Center ** Clubhouse available for private parties Directions: Vehicular entrance on MacDonald-Maloney Ave between 5th and 3rd Streets. Must have code to enter unmanned gate. Exits on MacDonald Ave as well as 3rd Street

Association Info

Mandatory Home Owners Asc: Yes Voluntary Home Owners Asc: No 1st Right of Refusal: No Assoc Approval Req: No Association Fee $: 440 Assoc/Mnt Fee Per: Monthly

License Info

# of City License: 1 Transient Rntl Licns: Yes

Fee Includes

Common Area Mnt: 1

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Freezer: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Heating

Central: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Neighborhood Feature

Clubhouse: 1 Community Pool: 1

Property Condition

Updated/Remodeled: 1

Building Style

Above Flood: Yes Stories: 2 Stories

Windows/Doors

Impact Rstnce Doors: 1 Impact Rstnce Window: 1

Vehicle Storage

Car(s): 2 Guest Parking: 1 Assigned Parking: 1

Construction

Hardi Board Siding: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Furnished: 1

Terms

Cash: 1

Utilities

Cable Available: 1 FKAA: 1 Municipal Sewer: 1

Pool Info

In Ground: 1 Concrete: 1 Decked: 1

Roof

Metal Roof: 1

Status Change Info

Status: Active

Property Features

Fee Includes: Common Area Mnt Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Vehicle Storage: Assigned Parking; Guest Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Heating: Central Utilities: Cable Available; FKAA; Municipal Sewer Appliances: Dishwasher; Disposal; Dryer; Freezer; Microwave; Oven; Range; Refrigerator; Washer Pool Info: In Ground; Concrete; Decked Construction: Hardi Board Siding Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Clubhouse; Community Pool Land Size: Less Than 1/4 Acre Terms: Cash
Listing Office: Last Key Realty, Inc (KW)
Last Updated: October - 10 - 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.