701 Spanish Main Drive LOT 559, Cudjoe Key, FL 33042

New Listing

$869,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 864 Lot Size (sq. ft.): 2,045 Status: Active

Current Price: $869,000 List Date: 8/10/2026 Last Modified: 8/10/2026

Overview

Description

Welcome to your own slice of paradise in the Florida Keys! This beautifully renovated 2-bedroom, 2-bath waterfront (35' seawall dock) home is located in the highly desirable Venture Out Resort, one of the Keys' premier gated waterfront communities. Whether you're looking for a profitable rental, a seasonal getaway, or your forever island home, this property has the perfect combination of luxury, recreation, and exceptional investment potential. This home has an established rental history and consistently generates over $110,000 in annual gross rental income(rent rolls available), making it an outstanding turnkey investment. The home comes fully furnished and equipped, allowing the next owner to continue renting immediately or begin enjoying it from day one. The waterfront setting allows you to launch your boat, return to your own 35-foot dock, and spend your days enjoying everything the Keys is all about. The property also includes recreational equipment such as kayaks, bicycles, outdo ... (Read more)

Listing Details MLS# 620930

Location, Tax & Legal

Street #: 701
Street Name: Spanish Main
Street Suffix: Drive
Key/Island: Cudjoe Key
State/Province: FL
Zip Code: 33042
County: Monroe
Subdivision: Venture Out (23.0)
Area: 07 - Cudjoe Key
Unit #: LOT 559
City: Cudjoe
Mile Marker: 23
Marathon Neighborhood: N/A
Side: Median
Alternate Key #: 1246239
Parcel #: 00188681056100
Zoning: URM - Urban Res Mobile Home District
Deed Restrictions: No
Legal: Lt 559 Venture Out At Cudjoe Cay, A Condo (Pb6-56) Or467-30Dec Or545-134 Or826-1825 Or1528-2256 Or1679-158 Or2186-1829 O
Taxes: 4316
Tax Year: 2025
Pub Sewer HkUp: Yes

Contract Information

Listing Board: Florida Keys

General Property Description

Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: Yes
Control Depth: 3
Pool: No
Year Built: 2001
Lot SqFt: 2045
Acres: 0.05
Living Apx SqFt: 864
SqFt Source: Seller
Total Bedrooms: 2
Full Baths: 2
Total Baths: 2
Rentals Allowed: Yes

Association Info

Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 1019
Assoc/Mnt Fee Per: Quarterly

Dockage

Dock: Other

More Information

Building Style

Above Flood: Yes
Stories: 2 Stories

Remarks & Misc

Remarks – Consumer: Welcome to your own slice of paradise in the Florida Keys! This beautifully renovated 2-bedroom, 2-bath waterfront (35' seawall dock) home is located in the highly desirable Venture Out Resort, one of the Keys' premier gated waterfront communities. Whether you're looking for a profitable rental, a seasonal getaway, or your forever island home, this property has the perfect combination of luxury, recreation, and exceptional investment potential. This home has an established rental history and consistently generates over $110,000 in annual gross rental income(rent rolls available), making it an outstanding turnkey investment. The home comes fully furnished and equipped, allowing the next owner to continue renting immediately or begin enjoying it from day one. The waterfront setting allows you to launch your boat, return to your own 35-foot dock, and spend your days enjoying everything the Keys is all about. The property also includes recreational equipment such as kayaks, bicycles, outdoor games, and a grill, creating an unforgettable experience for both owners and guests. Conveniently located in the lower keys on Cudjoe Key, the property is close to Key West with easy access to world-class restaurants, shopping, nightlife, fishing, diving, snorkeling, and endless boating opportunities. Marathon is also just a short drive away, placing you in the center of everything. Whether you're seeking a high-performing rental, a waterfront retirement retreat, or the perfect family vaca home, this property delivers on every level. Opportunities to own a fully renovated, income-producing waterfront home with proven rental performance in Venture Out are rare.
Directions: Drive west on US 1/Overseas Highway. Left to Spanish Main Drive. Left to Pelican Lane. Left to North Eagle Nest Drive. Turn right. Property is on the right.

Fee Includes

Common Area Mnt: Yes
Security: 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

Waterfront

Canal Front: Yes

Waterview

Canal View: Yes
Ocean View: Yes
Open Water View: Yes

Construction

Manufactured: Yes

Land Size

Less Than 1/4 Acre: Yes

Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Utilities

Cable Available: Yes
Elect Separate Meter: Yes
FKAA: Yes
Municipal Sewer: Yes
Water Separate Meter: Yes

Property Features

Fee Includes: Common Area Mnt; Security Tax Exemptions: None Waterfront: Canal Front Waterview: Canal View; Ocean View; Open Water View Cooling: Ceiling Fans(s); Central Air Heating: Central Utilities: Cable Available; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Washer Construction: Manufactured Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; FHA; VA

Room Information

Room Name	Length	Level	Width
Bedroom 1	12.00	Second	12.00
Bedroom 2	4.00	Second	12.00
Full Bathroom	8.00	Second	10.00
Full Bathroom	8.00	Second	10.00
Living Room	20.00	Second	30.00
Kitchen	10.00	Second	10.00

Listing Office: Beycome of Florida, LLC

Last Updated: August - 10 - 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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