Home in 350 E Ocean Drive, Key Colony Beach, FL 33051 for sale with MLS# B26002035
THE BEST DEAL In KEY COLONY! Rare opportunity to own a legal duplex being sold as A Single Family Home in the heart of Key Colony Beach in the beautiful Florida Keys. Located just one street off the Atlantic Ocean, 340-350 E Ocean Drive offers exceptional space, boating access, and an amazing investment opportunity with flexibility at a competitive price designed to sell. With 5 beds, 3 baths, and over 2,900 sq ft of living space, this property provides the rare opportunity to own a large waterfront home while still benefiting from the layout of a legal duplex. Sold together as a single property, it offers incredible versatility for full-time living, vacation use, or income-producing investment. Boaters will appreciate 50 ft of dockage with dual docks, allowing space for multiple vessels. Buyer and buyers agent to verify all info
350 E Ocean Drive, Key Colony Beach, FL 33051
Price
- Price:
- $1,550,000.00
- Original List Price:
- $1,550,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $531.18
Lease Details
- Total Move-In Cost:
- $0.00
- Leasing Permitted Details:
- Short Term Rentals Allowed
Property Status and Type
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Standard
- Listing Category:
- Residential
- Property Type:
- Single Family House
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- March 14, 2026 3:48 pm
Rooms Distribution
- Bedrooms:
- 5
- Bathrooms Total:
- 3
- Full Bath:
- 3
- Room Type:
- Kitchen, Living Room, Master Bedroom
- Rooms Total:
- 3
- Master Bedroom Bath:
- Master Bdrm - Ground
- Dining Area:
- Formal Dining, Kitchen Dining, Dining/Living Room
Measures
- Living Area:
- 2,918 Sqft
- Built-Up Area:
- 3,712 Sqft
- Lot Area:
- 5,662.80 Sqft
- Building Area Source:
- Public Records
- Living Area Source:
- Appraiser
- Lot Size Acres:
- 0.13
Property Features
- View from the Property:
- Ocean, Canal
- Waterfront:
- Yes
- Waterfront Features:
- Ocean Access, Canal Front, Canal Width 81–120 Feet
- Frontage Length:
- 50
- Furnished:
- Furnished
- Appliances:
- Dryer, Dishwasher, Microwave, Refrigerator, Washer, Electric Water Heater, Water Heater, Oven
- Interior:
- High Ceilings, Kitchen Island, Vaulted Ceiling(s), Cathedral Ceiling(s), Storage, Upstairs Living Area
- Exterior:
- Balcony
- Patio and Porch:
- Deck, Porch, Porch - Open
- Windows:
- Storm Window(s)
- Laundry:
- Lower Level
- Air Conditioning
- Air Conditioning System:
- Central Air, Ceiling Fan(s)
- Heating
- Heating System:
- Floor Furnace
- Boat and Dock Features:
- Electric Available
- Property Entrance Faces:
- North
- Balcony Details:
- Balcony - Covered, Balcony - Open
- Storm Protection Impact Glass:
- Complete
Construction
- Year Built:
- 1986
- Roof:
- Metal
- Levels:
- Two
- Construction Materials:
- Frame
- Flooring:
- Vinyl
- Number of stories:
- 2
- Structure Type:
- House
- Stories:
- 2
- Foundation Details:
- Pillar/Post/Pier
- Flood Zone Code:
- AE
- Property Condition:
- Resale
Taxes and Expenses
- Tax Annual Amount:
- $9,735.95
- Tax Year:
- 2025
- Tax Assessed Value:
- $1,068,846.00
- Property Tax Details:
- No Homestead
Parking
- Parking Total Spaces:
- 4
- Covered Spaces:
- 0
- Parking Features:
- Concrete
Utilities
- Sewer:
- Public Sewer
- Utilities Available:
- Water Available, Electricity Connected, Sewer Connected
- Water Source:
- Public
Community
- Pets Allowed?:
- Yes, No Restrictions
- Lease Number Times per Year Allowed:
- 12
- Subdivision Name:
- KEY COLONY BEACH
- Senior Community:
- No
- Restrictions:
- Lease Restrictions
- Minimum Days per Lease:
- 7
- Community Dock
Terms
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Close Of Escrow
Zoning and Legal
- Tax Legal Description:
- BK 3 LT 45 KEY COLONY BEACH PB3-120 SHELTER KEY OR506-1061 OR561-541 OR914-2331/34 OR919-1850/51 OR919-1852 OR929-1399 OR929-1400 OR929-1401
- Real Estate Folio Number (Parcel Number):
- 00073110000000
- Zoning:
- RM
Public Schools Assigned
- Elementary School:
- Stanley Switlik
- High School:
- Coral Shores
- Middle Or Junior School:
- Marathon
Listing History
- Active on the market since:
- March 14, 2026
- Listing Agreement executed on:
- March 12, 2026
- Listing Status Last Changed On:
- March 14, 2026 3:48 pm
- Photos updated on:
- March 14, 2026 3:48 pm
- Last Modified:
- July 9, 2026 9:03 pm
Additional Information
- Courtesy of:
- Coldwell Banker Schmitt RE Co
- Attribution:
- Not provided
Location
- Street Name:
- Ocean
- Street Number:
- 350
- City:
- Key Colony Beach
- State:
- Florida
- Zip Code:
- 33051
- County:
- Monroe
- Latitude:
- N24° 43' 17''
- Longitude:
- W82° 59' 5.7''
- Street Suffix:
- Drive
- Street Direction Prefix:
- E
Property Map
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$94,531
Median Home Value
$834,800
Median Rent
$1,849/mo
Median Age
66
Population
525
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