571 8Th Street, Key Colony, FL 33051 (MLS# 611843)

571 8Th Street, Key Colony, FL 33051

$1,950,000

571 8th Street Key Colony Beach FL 33051

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

Overview

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 ... (Read more)

Listing Details MLS# 611843

Location, Tax & Legal

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
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

Contract Information

Listing Board: Key West Association

General Property Description

Realtor.COM Type: Multi-family
Style: Duplex
Waterfront: Yes
Control Depth: 4
Pool: Yes
Year Built: 1970
Lot SqFt: 8250
Acres: 0.19
Living Apx SqFt: 2218
SqFt Source: Property Data Card
Total Bedrooms: 5
Full Baths: 4
Total Baths: 4
Rentals Allowed: Yes
Min Rental Days: 7
Total Units: 0

Status Change Info

Sold Date: 2024-12-20

Association Info

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

Dockage

Dock Length: 75
Dock: Concrete
Seawall: Concrete
Davits: Yes

More Information

Building Style

Above Flood: No
Stories: 2 Stories
Ground Level: Yes

Vehicle Storage

Car(s): 4+
Covered Parking: Yes
Garage: Yes
Guest Parking: Yes
Open Parking: Yes
RV Parking Open: Yes
Attached: Yes
Off Street Parking: Yes
Trailer Storage: Yes

Pool Info

Heated: No
In Ground: Yes
Fiberglass: Yes

Financial Status

Standard Sale: Yes

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

Fee Includes

None: Yes

Tax Exemptions

None: Yes

Appliances

Dishwasher: Yes
Microwave: Yes
Oven: Yes
Range: Yes
Refrigerator: Yes

Pets

Pets Allowed: Yes

Cooling

Ceiling Fans(s): Yes
Central Air: Yes

Waterfront

Canal Front: Yes

Waterview

Canal View: Yes

Floor

Tile: Yes

Neighborhood Feature

Beach: Yes
Bike Paths: Yes
Clubhouse: Yes

Specialty Rooms

Other: Yes

Windows/Doors

Impact Rstnce Window: Yes
Single Hung Windows: Yes
Sliding Glass Doors: Yes

Security

Patrolled Area: Yes

Construction

CBS: Yes

Land Size

Less Than 1/4 Acre: Yes

Furnished

Partially: Yes

Terms

Cash: Yes
Conventional: Yes

Utilities

Elect Separate Meter: Yes
FKAA: Yes
Municipal Sewer: Yes
Water Separate Meter: Yes

Porch/Balcony

Open Porch/Balcony: Yes
Screened Patio: Yes

Exterior Features

Chickee Hut: Yes
Storage: Yes

Roof

Metal Roof: Yes

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.

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