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  • 714 Olivia Street # 6, Key West, FL 33040 (MLS# 621189)

714 Olivia Street # 6, Key West, FL 33040

$1,225,000
Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 475 Status: Active
Current Price: $1,225,000 List Date: 9/03/2026 Last Modified: 9/03/2026

Overview

Description

A TRANSIENT LICENSED vacation rental located in the heart of Old Town Key West, the X flood zone and just 2.5 blocks from world famous Duval Street. The transient license allows for nightly rentals. A savvy investor could pounce on this rare opportunity to own a well-managed income producing property with excellent history & immediate income. Unit 6, aka Hidden Oasis, is 1 of only 11 units within the coveted enclave known as The Colony which features a large heated community pool, shared off-street parking and a gated entry to the pool area & the unit, all managed by the HOA. Hidden Oasis has a prime location within the community tucked into the back left corner with an entry deck and an abundant private rear deck that includes exclusive use of umbrella seating for 4, a propane grill, a full size washer & dryer and an outdoor shower stall. This well maintained unit has an updated kitchen, bathroom and mini-split air conditioning. The living area is light & airy with transom windows ...

Listing Details MLS# 621189

Location, Tax & Legal

Street #
714
Street Name
Olivia
Street Suffix
Street
Key/Island
Key West
State/Province
FL
Zip Code
33040
County
Monroe
Subdivision
Old Town - Unlisted (1.0)
Area
02 - Key West
KW Neighborhood
Old Town-N of Truman
Unit #
# 6
City
KEY WEST
Off Shore Island
No
Mile Marker
1
Marathon Neighborhood
N/A
Side
Median
Flood Zone
X, 0.2 PCT
Alternate Key #
9080352
Parcel #
00020460000106
Zoning
HHDR - Historic High Density Residential
Deed Restrictions
Unknown
Legal
Unit 6 The Colony Condominium Or2051-920 Or2103-519/21 Or2299-1634 Or3130-0105 Or3135-1923
Taxes
5611.45
Tax Year
2025
Pub Sewer HkUp
Yes

Contract Information

Listing Board
Key West Association
As is Rght to Inspct
Yes

General Property Description

Realtor.COM Type
Residential - Condo/Townhouse
Style
Condo
Waterfront
No
Pool
Yes
Year Built
1943
Living Apx SqFt
475
SqFt Source
Property Data Card
Total Bedrooms
Yes
Full Baths
Yes
Total Baths
Yes
Rentals Allowed
Yes
Min Rental Days
Yes
Control Depth
0
Lot SqFt
0
Acres
0

Association Info

Mandatory Home Owners Asc
Yes
Condo Doc's
Yes
1st Right of Refusal
No
Association Fee $
2500
Assoc/Mnt Fee Per
Quarterly

License Info

Transient Rntl Licns
Yes

More Information

Building Style

Above Flood
Yes

Pool Info

Heated
Yes
In Ground
Yes
Concrete
Yes
Decked
Yes

Financial Status

Standard Sale
Yes

Remarks & Misc

Remarks – Consumer
A TRANSIENT LICENSED vacation rental located in the heart of Old Town Key West, the X flood zone and just 2.5 blocks from world famous Duval Street. The transient license allows for nightly rentals. A savvy investor could pounce on this rare opportunity to own a well-managed income producing property with excellent history & immediate income. Unit 6, aka Hidden Oasis, is 1 of only 11 units within the coveted enclave known as The Colony which features a large heated community pool, shared off-street parking and a gated entry to the pool area & the unit, all managed by the HOA. Hidden Oasis has a prime location within the community tucked into the back left corner with an entry deck and an abundant private rear deck that includes exclusive use of umbrella seating for 4, a propane grill, a full size washer & dryer and an outdoor shower stall. This well maintained unit has an updated kitchen, bathroom and mini-split air conditioning. The living area is light & airy with transom windows, vaulted ceilings and a well-appointed open kitchen. The spacious bedroom features a king sized bed, tropical décor and access to the front deck. Pride of ownership is obvious when you review the recent history of this owner managed HOA. The community pool was resurfaced in 2021, all buildings had new metal roofs installed in 2023 and all buildings were termite tented August 2026. Take advantage of this rare opportunity for an excellent Key West investment with an owner use option. With local property management & HOA management already in place, Hidden Oasis makes for an immediate complete turnkey 'hands-free' vacation rental ownership choice for a remote owner. Sold furnished with future bookings.
Directions
Truman Ave to Elizabeth, turn North, turn right onto Olivia...on the right in the 700 block. Street parking for showings please.

Fee Includes

Bldg Exterior Mnt
Yes
Building Insurance
Yes
Common Area Mnt
Yes
Sewer
Yes
Water
Yes

Dockage

None
Yes

Tax Exemptions

None
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Microwave
Yes
Oven
Yes
Refrigerator
Yes
Stainless Steel Appliance(s)
Yes
Washer
Yes

Cooling

Ceiling Fans(s)
Yes
Ductless
Yes

Waterfront

None
Yes

Waterview

No Waterview
Yes

Floor

Tile
Yes

Neighborhood Feature

Community Pool
Yes

Interior Features

Quartz Countertops
Yes
Smoke Alarms
Yes
Window Treatments
Yes

Property Condition

Updated/Remodeled
Yes

Windows/Doors

French Doors
Yes

Construction

Frame
Yes

Land Size

Less Than 1/4 Acre
Yes

Furnished

Furnished
Yes

Utilities

Elect Separate Meter
Yes
FKAA
Yes
Municipal Sewer
Yes

Porch/Balcony

Deck
Yes

Title

Negotiable
Yes

Exterior Features

Fencing
Yes
Outdoor Shower
Yes
Rain Gutters
Yes

Roof

Metal Roof
Yes

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Common Area Mnt; Sewer; Water Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Furnished: Furnished Cooling: Ceiling Fans(s); Ductless Utilities: Elect Separate Meter; FKAA; Municipal Sewer Interior Features: Quartz Countertops; Smoke Alarms; Window Treatments Appliances: Dishwasher; Dryer; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Fencing; Outdoor Shower; Rain Gutters Pool Info: In Ground; Concrete; Decked Construction: Frame Floor: Tile Roof: Metal Roof Neighborhood Feature: Community Pool Land Size: Less Than 1/4 Acre Title: Negotiable
Listing Office: Key West Sales, LLC
Last Updated: September - 03 - 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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