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571 8th Street

Key Colony, FL 33051
  • $2,050,000
  • STATUS: Active
  • ON SITE: 75 Days
  • MLS #: 616263
Price Reduced
UPDATED: 77 min ago
$2,050,000
  • 5
    BEDS
  • 0.19
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,333
    SQFT
  • $879
    $/SQFT
Type:
Multi-Family
Built:
1970
County:

School Ratings & Info

Description

Embrace the laid back charm of the Florida Keys with this beautifully renovated full duplex in the highly sought after community of Key Colony Beach. This turnkey property features five bedrooms, four bathrooms, and is licensed for 7-night weekly rentals, making it ideal for both personal use and income generation. Fully updated from top to bottom, each unit boasts modern kitchens with new appliances, renovated bathrooms, impact-rated windows and doors, stylish finishes, in-unit laundry, and separate electric meters. The upstairs unit features two bedrooms and two bathrooms, accompanied by a covered porch that offers scenic views of the water. The downstairs unit, on the other hand, boasts three bedrooms and two bathrooms, along with a screened-in patio perfect for relaxing outdoors. Outside, enjoy 75 feet of waterfront with a concrete seawall, davits, a fish cleaning station, and direct ocean and bay access via nearby Vaca Cut. The expansive lot features a private salt water pool with a newly installed heater/chiller, outdoor shower, tiki hut, spacious outdoor gathering area, fenced yard, one-car garage, and ample parking for vehicles, trailers, or even an RV. Just steps from biking/walking paths, Sunset Park, tennis and pickleball courts, a golf course, and popular restaurants, this exceptional property offers versatile potential. Live in one unit and rent out the other, co-own with family or friends, or capitalize on the vacation rental investment potential. Don't miss this true Keys gem in one of the most desirable locations in the Middle Keys.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Bascom Grooms Real Estate are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.realtorkeywestfl.com/homes/167302698
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571 8th Street Key Colony, FL 33051

  • Price: $2,050,000
  • Status: Active
  • On Site: 75 Days
  • Updated: 77 min ago
  • MLS #: 616263
5
Beds
4
Baths
0
½ Baths
0.19
Acres
2,333
SQFT
$879
$/SQFT
1970
Built
Neighborhood:
Key Colony Bch 1st Addn Amd Plat (53.5)
County:
Monroe
Area:
17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
Property Description
Embrace the laid back charm of the Florida Keys with this beautifully renovated full duplex in the highly sought after community of Key Colony Beach. This turnkey property features five bedrooms, four bathrooms, and is licensed for 7-night weekly rentals, making it ideal for both personal use and income generation. Fully updated from top to bottom, each unit boasts modern kitchens with new appliances, renovated bathrooms, impact-rated windows and doors, stylish finishes, in-unit laundry, and separate electric meters. The upstairs unit features two bedrooms and two bathrooms, accompanied by a covered porch that offers scenic views of the water. The downstairs unit, on the other hand, boasts three bedrooms and two bathrooms, along with a screened-in patio perfect for relaxing outdoors. Outside, enjoy 75 feet of waterfront with a concrete seawall, davits, a fish cleaning station, and direct ocean and bay access via nearby Vaca Cut. The expansive lot features a private salt water pool with a newly installed heater/chiller, outdoor shower, tiki hut, spacious outdoor gathering area, fenced yard, one-car garage, and ample parking for vehicles, trailers, or even an RV. Just steps from biking/walking paths, Sunset Park, tennis and pickleball courts, a golf course, and popular restaurants, this exceptional property offers versatile potential. Live in one unit and rent out the other, co-own with family or friends, or capitalize on the vacation rental investment potential. Don't miss this true Keys gem in one of the most desirable locations in the Middle Keys.
Exterior Features

Above Flood Unknown Construction CBS Dock Length 75 Dockage DavitsBoat Lift Dockage Dock Concrete Dockage Seawall Concrete Exterior Features Chickee HutOutdoor ShowerLightingFencing Land Size Less Than 1/4 Acre Pool Info In Ground Pool Info Heated Yes Pool YN Yes Porch Balcony Open Porch/BalconyDeckScreened Patio Side Ocean Stories 2 Stories Style Duplex Vehicle Storage GarageRV Parking OpenTrailer StorageOff Street ParkingGuest ParkingOpen ParkingDetached Waterfront Canal Front Waterfront YN Yes Waterview Canal View

Interior Features

Appliances WasherFreezerMicrowaveOvenRefrigeratorDishwasherDryer Cooling Heating Central AirCeiling Fans(s) Furnished Negotiable Windows Doors Impact Rstnce WindowImpact Rstnce Doors

Property Features

Assoc Fee 0.00 Assoc Hoa YN No Assoc Right Of Refusal No City KEY COLONY Condition Updated/Remodeled Control Depth 4 Deed Restrictions No Fee Includes None Flood Zone AE Listing Board Marathon/Lower Keys Mile Marker 53.50 Min Rental Days 7.00 Off Shore Island No Pets Pets Allowed Public Sewer Hookup Yes Rentals Allowed With Restrictions Species List No Sq Ft Source Property Data Card Tax Exemptions None Tax Year 2024 Taxes 12690.62 Utilities Buyer to Verify Zoning R-2A - Key Colony Two Family

Listing courtesy of Erin Voelliger of Ocean Sotheby's International: .


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Bascom Grooms Real Estate are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Bascom Grooms Real Estate
1110 Truman Ave
Key West FL, 33040