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

571 8Th Street, Key Colony, FL 33051

$1,950,000
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

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 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.

More Information MLS# 611843

Contract Information

Listing Board: Key West Association Current Price: $1,950,000 Listing Date: 2024-10-17 Sold Price: $1,950,000

Location, Tax & Legal

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 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

General Property Description

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

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

Association Info

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

Fee Includes

None: 1

Dockage

Dock Length: 75 Dock: Concrete Davits: 1 Seawall: Concrete

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Waterfront

Canal Front: 1

Waterview

Canal View: 1

Floor

Tile: 1

Neighborhood Feature

Beach: 1 Bike Paths: 1 Clubhouse: 1

Specialty Rooms

Other: 1

Building Style

Above Flood: No Ground Level: 1 Stories: 2 Stories

Windows/Doors

Impact Rstnce Window: 1 Single Hung Windows: 1 Sliding Glass Doors: 1

Vehicle Storage

Car(s): 4+ Covered Parking: 1 Garage: 1 Guest Parking: 1 Open Parking: 1 RV Parking Open: 1 Attached: 1 Off Street Parking: 1 Trailer Storage: 1

Security

Patrolled Area: 1

Construction

CBS: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Partially: 1

Terms

Cash: 1 Conventional: 1

Utilities

Elect Separate Meter: 1 FKAA: 1 Municipal Sewer: 1 Water Separate Meter: 1

Porch/Balcony

Open Porch/Balcony: 1 Screened Patio: 1

Exterior Features

Chickee Hut: 1 Storage: 1

Pool Info

In Ground: 1 Heated: No Fiberglass: 1

Roof

Metal Roof: 1

Financial Status

Standard Sale: Yes

Status Change Info

Sold Date: 2024-12-20 Sold Price: $1,950,000 Status: Closed

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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