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Ernesto Portuondo

ernie@ernieportuondore.com +1(305) 336-8874

Listed by Amy Puto Coldwell Banker Schmitt Real Estate Co.

$ 1,399,999

Est. payment | -/mo

3 Beds

2 Baths

1,540 SqFt

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$ 1,399,999

Est. payment | -/mo

Save Virtual Tour

3 Beds

2 Baths

1,540 SqFt

Key Details

Property Type Multi-Family

Sub Type Half Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,540 sqft

Price per Sqft $909

Subdivision Marina Sub (54.0)

MLS Listing ID 616455

Style Above Flood

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 2006

Annual Tax Amount $9,425

Tax Year 2024

Lot Size 5,045 Sqft

Acres 0.12

Property Sub-Type Half Duplex

Land Area 1540

Property Description

Waterfront Investment Opportunity in the Florida Keys! Located in desirable Key Colony Beach, this 3-bedroom, 2-bath property offers the perfect blend of tropical living and income-producing potential. Built in 2006, and 'above flood' this popular ''Ellison'' half duplex offers 1,540 sq ft of well-designed living space on one level with NO STAIRS to climb. Offering more dockage than most half duplexes, with 46 FEET OF CANAL FRONTAGE WITH STEP DOWN DOCK and quick access to the ocean--a dream setup for boating, fishing, and watersports enthusiasts. This property has operated as a well-established and successful weekly vacation rental for over 10 years. Per the seller, it generates, on average, $135K-$140K in annual gross income and rents 49 weeks per year. Future bookings are strong, making this a truly turnkey investment opportunity. Inside, you'll find a bright and open floor plan with tile flooring throughout, complemented by a nice sized kitchen with granite countertops, stainless steel appliances, and ample cabinet space. The spacious primary suite includes an ensuite bath with double vanities, while two additional bedrooms offer flexibility for guests or family. Step outside and enjoy true Florida Keys outdoor living with your private pool, the perfect spot for relaxing after a day on the water, and there's plenty of room in the TWO-CAR GARAGE to store your boating and fishing gear. You'll also enjoy access to all that Key Colony Beach has to offer, including Sunset Park, tennis courts, pickleball, a 9-hole golf course, playground, and a couple of restaurants--all within easy walking or biking distance. Whether you're seeking a second home in paradise or a proven short-term weekly rental, this property delivers both lifestyle and ROI. Enjoy it yourself when you like, and have it generate income for you when you can't be there!

Location

State FL

County Monroe

Community Other Area Features, Bike Paths, Beach, Tennis Court(S)

Area 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony

Zoning R-2C - Key Colony Two Family

Direction US 1 to Sadowski Causeway, property is on the left about 3/4 way down.

Interior

Interior Features Drapes/Blinds Incl, Granite Counter Top, Storage

Cooling Central Air, Ceiling Fans(s)

Flooring Tile

Furnishings Furnished

Window Features Impact Rstnce Doors,Impact Rstnce Window,Other Windows/Doors,Sliding Glass Doors

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

Exterior

Exterior Feature Fencing

Parking Features Guest, Off Street, Attached

Pool Concrete, In Ground, Decked

Community Features Other Area Features, Bike Paths, Beach, Tennis Court(s)

Utilities Available Electric Separate Meter, Cable Available, FKAA, Municipal Sewer, Water Separate Meter

Waterfront Description Canal Front

Roof Type Metal Roof

Porch Patio

Garage No

Building

Architectural Style Above Flood

Others

HOA Fee Include None

Tax ID 00079372-000510

Security Features Patrolled Area

Pets Allowed Yes

Virtual Tour https://idx.paradym.com/idx/4956035

260 Sadowski Causeway Key Colony, FL 33051

Ernesto Portuondo

Key Details

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260 Sadowski Causeway