571 8Th Street, Key Colony, FL 33051
$1,950,000
Property Type:
Residential
Bedrooms:
5
Baths:
4
Square Footage:
2,218
Lot Size (sq. ft.):
8,250
Status:
Closed
Current Price:
$1,950,000
List Date:
10/17/2024
Last Modified:
12/26/2024
Description
Introducing an exceptional Duplex with icome producing potential! Fully renovated this FULL duplex is located in the exclusive Key Colony Beach—the crown jewel of the Florida Keys. Located just off the Sadowski Causeway, this barrier island offers an enviable lifestyle with private beaches, breathtaking sunset views at Sunset Park, and premier access to fishing charters, marinas, and a nine-hole golf course. Key Colony Beach even has its own post office, making life here both convenient and luxurious. This well-maintained full duplex boasts a 75 ft. concrete dock with davits, a sparkling swimming pool, and a tiki hut bar that overlooks a wide, 90+ foot canal. Boating enthusiasts will appreciate the quick access to the ocean or bay through the nearby Vaca Cut channel. Enjoy serene water views from the expansive covered porch of the upper unit, which features 2 bedrooms, 2 bathrooms, and an open-concept living space perfect for entertaining. The lower unit is fully renovated, offering a modern white kitchen, 3 spacious bedrooms, 2 bathrooms, and a shaded lanai for outdoor relaxation. The large, fully fenced side yard is ideal for pets or boat trailer storage, with convenient access to the attached garage and ample parking for multiple vehicles. Built with solid concrete construction and topped with a newer metal roof (approx. 3 years old), this property is a true investment gem. Live in one unit and rent out the other, or maximize its potential as a highly sought-after vacation rental destination with weekly rental options in the heart of the Middle Keys.This duplex is also eligible to be subdivided into two separate parcels, offering flexible ownership opportunities. With nearby parks, beaches, and a golf course, it's the perfect blend of relaxation and adventure in one of the most desirable locations in the Florida Keys.
More Information MLS# 611843
Contract Information
Listing Board: Key West Association
Current Price: $1,950,000
Listing Date: 2024-10-17
Sold Price: $1,950,000
Location, Tax & Legal
City: KEY COLONY
Mile Marker: 53.5
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: AE
Alternate Key #: 1080489
Parcel #: 00075020-000000
Zoning: R-2A - Key Colony Two Family
Deed Restrictions: Unknown
Legal: BK 9 LT 24 KEY COLONY BEACH FIRST ADDN AMD PLAT PB4-11 SHELTER KEY OR531-482 OR936-699D/C/AFF OR1224-991 OR1280-979M/T
Taxes: 11300.66
Tax Year: 2023
Pub Sewer HkUp: Yes
Street #: 571
Street Name: 8Th
Street Suffix: Street
Key/Island: Key Colony
State/Province: FL
Zip Code: 33051
County: Monroe
Subdivision: Key Colony Beach (53.5)
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: 8250
Pool: Yes
Total Units: 0
Acres: 0.19
SqFt Source: Property Data Card
Rentals Allowed: Yes
Min Rental Days: 7
Style: Duplex
Year Built: 1970
Living Apx SqFt: 2218
Total Bedrooms: 5
Full Baths: 4
Total Baths: 4
Remarks & Misc
Remarks – Consumer: Introducing an exceptional Duplex with icome producing potential! Fully renovated this FULL duplex is located in the exclusive Key Colony Beach—the crown jewel of the Florida Keys. Located just off the Sadowski Causeway, this barrier island offers an enviable lifestyle with private beaches, breathtaking sunset views at Sunset Park, and premier access to fishing charters, marinas, and a nine-hole golf course. Key Colony Beach even has its own post office, making life here both convenient and luxurious. This well-maintained full duplex boasts a 75 ft. concrete dock with davits, a sparkling swimming pool, and a tiki hut bar that overlooks a wide, 90+ foot canal. Boating enthusiasts will appreciate the quick access to the ocean or bay through the nearby Vaca Cut channel. Enjoy serene water views from the expansive covered porch of the upper unit, which features 2 bedrooms, 2 bathrooms, and an open-concept living space perfect for entertaining. The lower unit is fully renovated, offering a modern white kitchen, 3 spacious bedrooms, 2 bathrooms, and a shaded lanai for outdoor relaxation. The large, fully fenced side yard is ideal for pets or boat trailer storage, with convenient access to the attached garage and ample parking for multiple vehicles. Built with solid concrete construction and topped with a newer metal roof (approx. 3 years old), this property is a true investment gem. Live in one unit and rent out the other, or maximize its potential as a highly sought-after vacation rental destination with weekly rental options in the heart of the Middle Keys.This duplex is also eligible to be subdivided into two separate parcels, offering flexible ownership opportunities. With nearby parks, beaches, and a golf course, it's the perfect blend of relaxation and adventure in one of the most desirable locations in the Florida Keys.
Directions: US1 to Causeway. Turn 1st right at end of causeway. Turn right on 8th St
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
Fee Includes
None: 1
Dockage
Dock Length: 75
Dock: Concrete
Davits: 1
Seawall: Concrete
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Microwave: 1
Oven: 1
Range: 1
Refrigerator: 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
Clubhouse: 1
Specialty Rooms
Other: 1
Building Style
Above Flood: No
Ground Level: 1
Stories: 2 Stories
Windows/Doors
Impact Rstnce Window: 1
Single Hung Windows: 1
Sliding Glass Doors: 1
Vehicle Storage
Car(s): 4+
Covered Parking: 1
Garage: 1
Guest Parking: 1
Open Parking: 1
RV Parking Open: 1
Attached: 1
Off Street Parking: 1
Trailer Storage: 1
Security
Patrolled Area: 1
Construction
CBS: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Partially: 1
Terms
Cash: 1
Conventional: 1
Utilities
Elect Separate Meter: 1
FKAA: 1
Municipal Sewer: 1
Water Separate Meter: 1
Porch/Balcony
Open Porch/Balcony: 1
Screened Patio: 1
Exterior Features
Chickee Hut: 1
Storage: 1
Pool Info
In Ground: 1
Heated: No
Fiberglass: 1
Roof
Metal Roof: 1
Financial Status
Standard Sale: Yes
Status Change Info
Sold Date: 2024-12-20
Sold Price: $1,950,000
Status: Closed
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: Canal Front
Waterview: Canal View
Dockage: Davits
Building Style: Ground Level
Vehicle Storage: Garage; Attached; Covered Parking; Guest Parking; Off Street Parking; Open Parking; RV Parking Open; Trailer Storage
Furnished: Partially
Cooling: Ceiling Fans(s); Central Air
Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter
Specialty Rooms: Other
Appliances: Dishwasher; Microwave; Oven; Range; Refrigerator
Exterior Features: Chickee Hut; Storage
Pool Info: In Ground; Fiberglass
Construction: CBS
Floor: Tile
Roof: Metal Roof
Pets: Pets Allowed
Neighborhood Feature: Beach; Bike Paths; Clubhouse
Security: Patrolled Area
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional
Listing Office:
Keller Williams Key West Compass Realty
Last Updated: December - 26 - 2024
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.
