320 5Th Street, Key Colony, FL 33051 (MLS# 618755)

320 5Th Street, Key Colony, FL 33051

$2,075,000

Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 3,234 Lot Size (sq. ft.): 6,600 Status: Active

Current Price: $2,075,000 List Date: 2/21/2026 Last Modified: 2/21/2026

Overview

Description

Spacious and sophisticated waterfront home situated on a wide canal with desirable eastern exposure, offering serene views of the in-ground pool and 100-foot-wide canal. Designed for both entertaining and everyday comfort, the home features a covered patio on the lower level and a generous wooden deck on the upper level, connected by elegant spiral stairs leading to a dedicated entertainment area below. The newly updated upstairs kitchen is bright, modern, and exceptionally spacious, anchoring the upper-level living space. This five-bedroom, three-bathroom residence is thoughtfully laid out with two bedrooms and two bathrooms upstairs, and three bedrooms with one bathroom downstairs--ideal for extended family, guests, or rental flexibility. A circular paver driveway provides ample parking, while separate living areas on each floor enhance privacy and functionality. The Corian kitchen, expansive layout, and waterfront lifestyle make this property suitable as a large family home, c ... (Read more)

Listing Details MLS# 618755

Location, Tax & Legal

Street #: 320
Street Name: 5Th
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
City: KEY COLONY
Off Shore Island: No
Mile Marker: 53.5
Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
Side: Ocean
Flood Zone: AE
Alternate Key #: 1077569
Parcel #: 00073480-000000
Zoning: COZ - Key Colony County Zoning
Deed Restrictions: Unknown
Legal: BK 4 LT 36 KEY COLONY BEACH PB3-120 SHELTER KEY OR114-314 OR380-643 OR533-977 OR533-1086 OR833-612 OR840-358 OR930-1286
Taxes: 13149.97
Tax Year: 2025
Pub Sewer HkUp: Yes

Contract Information

Listing Board: Key West Association
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No

General Property Description

Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: Yes
Control Depth: 4
Pool: Yes
Year Built: 1971
Lot SqFt: 6600
Lot Sqft Source: Tax Records
Acres: 0.15
Living Apx SqFt: 3234
SqFt Source: Tax Records
Total Bedrooms: 5
Full Baths: 3
Total Baths: 3
Rentals Allowed: Yes
Min Rental Days: 7
Total Units: 0

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0

Dockage

Dock Length: 60
Seawall: Concrete
Boat Lift: Yes

More Information

Building Style

Above Flood: Yes
Stories: 2 Stories
A-Frame: Yes

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: Spacious and sophisticated waterfront home situated on a wide canal with desirable eastern exposure, offering serene views of the in-ground pool and 100-foot-wide canal. Designed for both entertaining and everyday comfort, the home features a covered patio on the lower level and a generous wooden deck on the upper level, connected by elegant spiral stairs leading to a dedicated entertainment area below. The newly updated upstairs kitchen is bright, modern, and exceptionally spacious, anchoring the upper-level living space. This five-bedroom, three-bathroom residence is thoughtfully laid out with two bedrooms and two bathrooms upstairs, and three bedrooms with one bathroom downstairs--ideal for extended family, guests, or rental flexibility. A circular paver driveway provides ample parking, while separate living areas on each floor enhance privacy and functionality. The Corian kitchen, expansive layout, and waterfront lifestyle make this property suitable as a large family home, corporate retreat, or high-performing vacation rental. Complete with a private boat lift and quick access to the Atlantic Ocean, this home delivers the full waterfront experience--whether as a permanent residence or an income-generating investment.

Fee Includes

None: Yes

Tax Exemptions

None: Yes

Appliances

Dishwasher: Yes
Microwave: Yes
Oven: Yes

Pets

Pets Allowed: Yes

Cooling

Ceiling Fans(s): Yes
Central Air: Yes
Wall/Window Unit(s): Yes

Waterfront

Canal Front: Yes

Waterview

Canal View: Yes

Floor

Tile: Yes
Wood: Yes

Neighborhood Feature

Bike Paths: Yes
Fire Hydrant: Yes

Interior Features

Built-in Cabinets: Yes
Entrance Foyer: Yes
Smoke Alarms: Yes
Storage: Yes
Walk-in Closet(s): Yes
Other: Yes

Specialty Rooms

Laundry Room: Yes
Workshop: Yes

Windows/Doors

Single Hung Windows: Yes
Sliding Glass Doors: Yes

Vehicle Storage

Open Parking: Yes
Assigned Parking: Yes

Security

Patrolled Area: Yes

Construction

Combo Construction: Yes
Frame: Yes

Land Size

Less Than 1/4 Acre: Yes

Furnished

Negotiable: Yes

Utilities

Buyer to Verify: Yes
Cable Available: Yes
Community Swr Plant: Yes
FKAA: Yes

Porch/Balcony

Deck: Yes
Open Porch/Balcony: Yes

Title

Negotiable: Yes

Exterior Features

Privacy Wall/Fence: Yes
Storage: Yes

Pool Info

In Ground: Yes

Roof

Metal Roof: Yes

Accessibility Feat

Parking: Yes

Shutters

Accordion: Yes

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Canal Front Waterview: Canal View Dockage: Boat Lift Building Style: A-Frame Vehicle Storage: Assigned Parking; Open Parking Furnished: Negotiable Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s) Utilities: Buyer to Verify; Cable Available; Community Swr Plant; FKAA Interior Features: Built-in Cabinets; Entrance Foyer; Smoke Alarms; Storage; Walk-in Closet(s); Other Specialty Rooms: Laundry Room; Workshop Appliances: Dishwasher; Microwave; Oven Exterior Features: Privacy Wall/Fence; Storage Accessibility Feat: Parking Pool Info: In Ground Construction: Combo Construction; Frame Shutters: Accordion Floor: Tile; Wood Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Bike Paths; Fire Hydrant Security: Patrolled Area Land Size: Less Than 1/4 Acre Title: Negotiable

Listing Office: Coastal Collection Real Estate Inc.

Last Updated: February - 21 - 2026

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.