721 W Ocean Drive
Key Colony, FL 33051
- – beds
- – baths
- – sqft
- ~2 acre lot
- – on site
Fantastic Oceanfront Development Opportunity in the heart of the Florida Keys! 2+ acres of prime oceanfront boasting 225' of beach front with dock permit in Key Colony Beach. A total of 3 lots with endless possibilities. Previous use was a 22 unit condominium. Or look into separating the lots to build 3 new luxury beach homes which are in very hot demand and rare to find. One house on this street sold March 2025 for $12 Million. Key Colony Beach is an upscale coastal community in the Middle Keys offering beautiful beaches, par 3 golf course, basketball, pickle and bocce ball, shopping and dining, marina, fishing charters, and 3 parks including Sunset Park where you will find Keys famous sunsets over the ocean all year long. Key Colony Beach also enjoys it's own police force and quick access to the Marathon Airport which is just minutes away.
Last checked:
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Last updated Apr 18, 2025
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MLS# 614678 —
Financial & Terms
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Terms:No Seller Finance
Location
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Directions:From Overseas Hwy, turn Oceanside onto Sadowski Causeway, then right onto W Ocean Dr. The lot is on the left. Sign on property.
The Property
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Parcel #:00078380-000000
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Location/Site:Paved Street, Cleared Site, Water Frontage
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Total Lots:3.00
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Lot SqFt:91650.00
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Land Size:2 Less Than 5 Acres, More than 1 Lot
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Zoning:R-3 - Multi Unit Res
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Waterfront:Yes
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Flood Zone:AE VE by water only
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Dockage - Dock Permit:Yes
Listing Agent
- Contact info:
- Agent phone:
- (305) 797-1221
- Office phone:
- (305) 872-3050
Taxes
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Tax Exemptions:None
The Listing
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Bank Owned:No
Utilities
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Existing Utilities:Electric on Site, Water Line, Sewer
The Community
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Subdivision:Stevens Sub (53.5)
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Neighborhood Features:Tennis Courts, Beach, Other Area Features
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Waterview:Open Water View, Ocean View
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Waterfront:Oceanfront, Beach Front, Open Water
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Assoc/Misc Info: Mandatory Home Owners Asc:No
Monthly cost estimate
Asking price
$9,198,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$49,252
|
| Taxes | N/A |
| Insurance | $2,529 |
| Utilities | N/A |
| Total | $51,781/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/17/25
Apr 17, 2025
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Listed / Active | FLKMLS | $9,198,000 |
