581 8Th Street, Key Colony, FL 33051

$835,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,439 Lot Size (sq. ft.): 4,125 Status: Closed

Current Price: $835,000 List Date: 4/14/2023 Last Modified: 6/22/2026

Overview

Description

PRICED TO SELL, as this property is currently one of the best values in Key Colony Beach in terms of cost per square foot. This is your optimal island getaway, fish camp or vacation rental investment property. Currently an active vacation rental with a Cabana Club membership and the option to own the entire duplex, as unit 591 is also on the market separately, allowing flexibility to manage multiple bookings or larger parties in general. Another advantage is that this property is situated above flood! This unit offers 3 bedrooms, 2 full baths, an updated kitchen with granite counters and a breakfast bar, as well as a 37.5-foot dock complete with a fish cleaning station. Both the kitchen and living area overlook the canal with large impact sliders leading out the patio area which is perfect for outdoor entertaining and grilling up your fresh catch of the day. The open ocean or gulf is just a 5-minute boat ride away. The master with a private entrance includes an ensuite updated bathroom ... (Read more)

Listing Details MLS# 604937

Location, Tax & Legal

Street #: 581
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: Median
Flood Zone: AE
Alternate Key #: 080497
Add'l Parcel #1: 00075030-000100
Zoning: R-2A - Key Colony Two Family
Deed Restrictions: No
Taxes: 6897
Tax Year: 2022
Pub Sewer HkUp: Yes

Contract Information

Listing Board: Key West Association
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: Yes

General Property Description

Realtor.COM Type: Residential - Single Family
Style: Half Duplex
Waterfront: Yes
Control Depth: 4
Pool: No
Year Built: 1974
Lot SqFt: 4125
Living Apx SqFt: 1439
SqFt Source: Property Data Card
Total Bedrooms: 3
Full Baths: 2
Total Baths: 2
Rentals Allowed: Yes
Min Rental Days: 7
Total Units: 0

Status Change Info

Under Contract Date: 2023-06-08
Sold Date: 2023-07-14

Association Info

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

Dockage

Dock Length: 37
Dock: Concrete

More Information

Building Style

Above Flood: Yes
Ground Level: Yes

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: PRICED TO SELL, as this property is currently one of the best values in Key Colony Beach in terms of cost per square foot. This is your optimal island getaway, fish camp or vacation rental investment property. Currently an active vacation rental with a Cabana Club membership and the option to own the entire duplex, as unit 591 is also on the market separately, allowing flexibility to manage multiple bookings or larger parties in general. Another advantage is that this property is situated above flood! This unit offers 3 bedrooms, 2 full baths, an updated kitchen with granite counters and a breakfast bar, as well as a 37.5-foot dock complete with a fish cleaning station. Both the kitchen and living area overlook the canal with large impact sliders leading out the patio area which is perfect for outdoor entertaining and grilling up your fresh catch of the day. The open ocean or gulf is just a 5-minute boat ride away. The master with a private entrance includes an ensuite updated bathroom. Ideally located in Key Colony Beach where multiple activities and amenities await, all within walking distance: full-service marina, restaurants, park, post office, golf, tennis, basketball, bocce ball, pickle ball or horseshoe.

Fee Includes

None: Yes

Tax Exemptions

None: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Oven: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Pets

Pets Allowed: Yes

Cooling

Ceiling Fans(s): Yes
Central Air: Yes

Heating

Central: Yes
Ductless: Yes

Waterfront

Canal Front: Yes

Waterview

Canal View: Yes

Floor

Tile: Yes

Interior Features

Bar: Yes
Drapes/Blinds Incl: Yes
Granite Counter Top: Yes
Smoke Alarms: Yes

Property Condition

Updated/Remodeled: Yes

Windows/Doors

Impact Rstnce Window: Yes
Single Hung Windows: Yes

Vehicle Storage

RV Parking Open: Yes
Off Street Parking: Yes
Trailer Storage: Yes

Construction

CBS: Yes

Land Size

Less Than 1/4 Acre: Yes

Furnished

Furnished: Yes
Negotiable: Yes

Terms

Cash: Yes
Conventional: Yes

Utilities

Buyer to Verify: Yes
FKAA: Yes
Municipal Sewer: Yes

Title

Title Ins - Buyer: Yes

Roof

Tar/Gravel Roof: Yes

Shutters

Accordion: Yes

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Canal Front Waterview: Canal View Property Condition: Updated/Remodeled Building Style: Ground Level Vehicle Storage: Off Street Parking; RV Parking Open; Trailer Storage Furnished: Furnished; Negotiable Cooling: Ceiling Fans(s); Central Air Heating: Central; Ductless Utilities: Buyer to Verify; FKAA; Municipal Sewer Interior Features: Bar; Drapes/Blinds Incl; Granite Counter Top; Smoke Alarms Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Washer Construction: CBS Shutters: Accordion Floor: Tile Roof: Tar/Gravel Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Cash; Conventional Title: Title Ins - Buyer

Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Updated: June - 22 - 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.

Search powered by FBS Products