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
Documents
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.

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