125 Colson Drive, Cudjoe Key, FL 33042

$2,195,000

Exceptional and Proven Investment Property with rare Rental Licenses

Exceptional and Proven Investment Property with rare Rental Licences

Concrete Bunker Guest House. with downstairs storage.

Refreshing Pool for your Guests to enjoy

Plenty of space so Guests can store their Boat Trailers and RVs

Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 1,903 Lot Size (sq. ft.): 68,400 Status: Active

Current Price: $2,195,000 List Date: 6/19/2026 Last Modified: 7/06/2026

Overview

Description

TRANSIENT LICENSE * NIGHTLY RENTALS* PROVEN RENTAL INCOME* IDEAL 1031 EXCHANGE OPPORTUNITY Casa De Las Palmas Rarely does a Florida Keys property combine proven income, privacy, and future potential like this. Situated on nearly two acres spanning four lots, this unique compound offers a coveted transient license allowing nightly rentals and a well-established vacation rental business with a strong history of performance. Historically generating over $200,000 annually, with recent projections ranging from $250,000 to $300,000, this is an outstanding opportunity for investors, vacation rental operators, or buyers seeking a premier 1031 Exchange replacement property. More than just a rental property, this is a proven income-producing asset with an established guest base, and delivering the authentic Florida Keys experience that visitors seek. Rather than starting from scratch, a new owner can step into a property with a successful operating history and demonstrated demand. ... (Read more)

Listing Details MLS# 620325

Location, Tax & Legal

Street #: 125
Street Name: Colson
Street Suffix: Drive
Key/Island: Cudjoe Key
State/Province: FL
Zip Code: 33042
County: Monroe
Subdivision: Cudjoe Acres (21.5)
Area: 07 - Cudjoe Key
City: Cudjoe
Mile Marker: 21.5
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: VE,VE,VE
Alternate Key #: 1147435
Parcel #: 00115840000201
Zoning: SR - Sub Urban Residential District
Deed Restrictions: Unknown
Legal: 29 66 28 Cudjoe Key Pt Lot 2 / Parcels B, Aa, Bb, Cc And Undivided 1/8 Int In Road Parcel Unrecorded Sacarma Acres Or567
Taxes: 12849.65
Tax Year: 2025
Pub Sewer HkUp: Yes

Contract Information

Listing Board: Florida Keys
As is Rght to Inspct: Yes

General Property Description

Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: No
Pool: Yes
Year Built: 1986
Lot SqFt: 68400
Lot Sqft Source: Tax Records
Acres: 1.57
Living Apx SqFt: 1903
SqFt Source: Tax Records
Total Bedrooms: 5
Full Baths: 3
Total Baths: 3
Rentals Allowed: Yes
Min Rental Days: Yes
Control Depth: 0
Total Units: 0

Association Info

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

License Info

# of County License: Yes
Transient Rntl Licns: Yes

More Information

Building Style

Above Flood: Yes
Stilt Column Height: Tall - 10Ft & Over

Financial Status

Standard Sale: Yes

Remarks & Misc

Remarks – Consumer: TRANSIENT LICENSE * NIGHTLY RENTALS* PROVEN RENTAL INCOME* IDEAL 1031 EXCHANGE OPPORTUNITY Casa De Las Palmas Rarely does a Florida Keys property combine proven income, privacy, and future potential like this. Situated on nearly two acres spanning four lots, this unique compound offers a coveted transient license allowing nightly rentals and a well-established vacation rental business with a strong history of performance. Historically generating over $200,000 annually, with recent projections ranging from $250,000 to $300,000, this is an outstanding opportunity for investors, vacation rental operators, or buyers seeking a premier 1031 Exchange replacement property. More than just a rental property, this is a proven income-producing asset with an established guest base, and delivering the authentic Florida Keys experience that visitors seek. Rather than starting from scratch, a new owner can step into a property with a successful operating history and demonstrated demand. The property features a 4-bedroom, 2-bath main residence, relaxing pool, expansive outdoor living areas, and a separate concrete guest structure complete with bedroom, bath, and kitchenette. Fully fenced with two private entrances, the grounds offer exceptional privacy, abundant tropical landscaping, fruit trees, palms, and ample space for RVs, boat trailers, and recreational equipment. Over 100 Palm trees Future upside may exist through additional development opportunities, expansion of the existing compound, or further enhancement of the guest experience, subject to buyer verification and applicable regulations. Properties offering a transient license, multiple lots, substantial acreage, proven income, and future potential are increasingly rare in today's Florida Keys market. Whether you're seeking a high-performing vacation rental, a strategic 1031 Exchange acquisition, or a private Florida Keys retreat, this property is positioned to deliver value and Solid ROI from day one.
Directions: Cudjoe Key. Overseas Highway to Colson

Fee Includes

Sewer: Yes
Other: Yes

Dockage

None: Yes

Tax Exemptions

None: Yes

Appliances

Oven: Yes
Refrigerator: Yes

Pets

Pets Allowed: Yes

Waterfront

None: Yes

Waterview

Open Water View: Yes

Specialty Rooms

Other: Yes

Vehicle Storage

Guest Parking: Yes
Open Parking: Yes
RV Parking Open: Yes
Trailer Storage: Yes

Construction

Frame: Yes

Land Size

1 Less Than 2 Acres: Yes

Furnished

Negotiable: Yes

Terms

Cash: Yes
Conventional: Yes

Utilities

Buyer to Verify: Yes
FKAA: Yes

Exterior Features

Fencing: Yes
Privacy Wall/Fence: Yes

Pool Info

In Ground: Yes
Decked: Yes

Shutters

Accordion: Yes
Panel: Yes

Property Features

Fee Includes: Sewer; Other Tax Exemptions: None Waterfront: None Waterview: Open Water View Dockage: None Vehicle Storage: Guest Parking; Open Parking; RV Parking Open; Trailer Storage Furnished: Negotiable Utilities: Buyer to Verify; FKAA Specialty Rooms: Other Appliances: Oven; Refrigerator Exterior Features: Fencing; Privacy Wall/Fence Pool Info: In Ground; Decked Construction: Frame Shutters: Accordion; Panel Pets: Pets Allowed Land Size: 1 Less Than 2 Acres Terms: Cash; Conventional

Listing Office: American Caribbean Real Estate, Christie's International Real Estate

Last Updated: July - 06 - 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.

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