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  • 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

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, 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.

Open Houses

Sunday, February 22, 11:00 am - 2:00 pm

More Information MLS# 618755

Contract Information

Listing Board: Key West Association As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Current Price: $2,075,000 Listing Date: 2026-02-21 List Price: $2,075,000

Location, Tax & Legal

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 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

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: Yes Control Depth: 4 Lot Size: 60 X 110 Lot SqFt: 6600 Pool: Yes Lot Sqft Source: Tax Records Total Units: 0 Acres: 0.15 SqFt Source: Tax Records Rentals Allowed: Yes Min Rental Days: 7 Style: Single Family Year Built: 1971 Living Apx SqFt: 3234 Total Bedrooms: 5 Full Baths: 3 Total Baths: 3

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.

Association Info

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

Fee Includes

None: 1

Dockage

Dock Length: 60 Boat Lift: 1 Seawall: Concrete

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Microwave: 1 Oven: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1 Wall/Window Unit(s): 1

Waterfront

Canal Front: 1

Waterview

Canal View: 1

Floor

Tile: 1 Wood: 1

Neighborhood Feature

Bike Paths: 1 Fire Hydrant: 1

Interior Features

Built-in Cabinets: 1 Entrance Foyer: 1 Smoke Alarms: 1 Storage: 1 Walk-in Closet(s): 1 Other: 1

Specialty Rooms

Laundry Room: 1 Workshop: 1

Building Style

A-Frame: 1 Above Flood: Yes Stories: 2 Stories

Windows/Doors

Single Hung Windows: 1 Sliding Glass Doors: 1

Vehicle Storage

Open Parking: 1 Assigned Parking: 1

Security

Patrolled Area: 1

Construction

Combo Construction: 1 Frame: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Negotiable: 1

Utilities

Buyer to Verify: 1 Cable Available: 1 Community Swr Plant: 1 FKAA: 1

Porch/Balcony

Deck: 1 Open Porch/Balcony: 1

Title

Negotiable: 1

Exterior Features

Privacy Wall/Fence: 1 Storage: 1

Pool Info

In Ground: 1

Roof

Metal Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Accessibility Feat

Parking: 1

Shutters

Accordion: 1

Status Change Info

Status: Active

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.

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