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571 8th Street, Key Colony, FL 33051

$1,900,000
Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 2,333 Lot Size (sq. ft.): 8,250 Status: Closed
Current Price: $1,900,000 List Date: 8/25/2025 Last Modified: 1/16/2026

Overview

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 ...

Listing Details MLS# 616263

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 Bch 1st Addn Amd Plat (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 #
1080489
Parcel #
00075020-000000
Zoning
R-2A - Key Colony Two Family
Deed Restrictions
No
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 O
Taxes
12690.62
Tax Year
2024
Pub Sewer HkUp
Yes

Contract Information

Listing Board
Marathon/Lower Keys
Species List
No

General Property Description

Realtor.COM Type
Multi-family
Style
Duplex
Waterfront
Yes
Control Depth
4
Pool
Yes
Year Built
1970
Lot SqFt
8250
Lot Sqft Source
Property Data Card
Acres
0.19
Living Apx SqFt
2333
SqFt Source
Property Data Card
Total Bedrooms
5
Full Baths
4
Total Baths
4
Rentals Allowed
With Restrictions
Min Rental Days
7
Total Units
0

Status Change Info

Sold Date
2026-01-16

Association Info

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

Dockage

Dock Length
75
Dock
Concrete
Seawall
Concrete
Boat Lift
Yes
Davits
Yes

More Information

Building Style

Above Flood
Unknown
Stories
2 Stories

Pool Info

Heated
Yes
In Ground
Yes

Remarks & Misc

Remarks – Consumer
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.
Directions
Turn off US 1 onto the Key Colony Beach Causeway. Turn right on Ocean Drive. Turn right on 8th Street. The property is three-fourths of the way down on the left.

Fee Includes

None
Yes

Tax Exemptions

None
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Freezer
Yes
Microwave
Yes
Oven
Yes
Refrigerator
Yes
Washer
Yes

Pets

Pets Allowed
Yes

Cooling

Ceiling Fans(s)
Yes
Central Air
Yes

Heating

Forced Air
Yes

Waterfront

Canal Front
Yes

Waterview

Canal View
Yes

Property Condition

Updated/Remodeled
Yes

Windows/Doors

Impact Rstnce Doors
Yes
Impact Rstnce Window
Yes

Vehicle Storage

Garage
Yes
Guest Parking
Yes
Open Parking
Yes
RV Parking Open
Yes
Detached
Yes
Off Street Parking
Yes
Trailer Storage
Yes

Construction

CBS
Yes

Land Size

Less Than 1/4 Acre
Yes

Furnished

Negotiable
Yes

Utilities

Buyer to Verify
Yes

Porch/Balcony

Deck
Yes
Open Porch/Balcony
Yes
Screened Patio
Yes

Exterior Features

Chickee Hut
Yes
Fencing
Yes
Lighting
Yes
Outdoor Shower
Yes

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Canal Front Waterview: Canal View Dockage: Boat Lift; Davits Property Condition: Updated/Remodeled Vehicle Storage: Garage; Detached; Guest Parking; Off Street Parking; Open Parking; RV Parking Open; Trailer Storage Furnished: Negotiable Cooling: Ceiling Fans(s); Central Air Heating: Forced Air Utilities: Buyer to Verify Appliances: Dishwasher; Dryer; Freezer; Microwave; Oven; Refrigerator; Washer Exterior Features: Chickee Hut; Fencing; Lighting; Outdoor Shower Pool Info: In Ground Construction: CBS Pets: Pets Allowed Land Size: Less Than 1/4 Acre
Listing Office: Ocean Sotheby's International Relaty
Last Updated: January - 16 - 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.