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Key Colony Beach

Key Colony Beach

Located in Monroe County

$1,400,737 Average Value
$773 Average Price per Sq Ft
41 Homes For Sale

Key Colony Beach draws vacationers but keeps its tight-knit spirit

Key Colony Beach is one of the few islands among the Florida Keys where short-term rentals are permitted, which means this area’s population fluctuates, especially in the winter. Still, this community of about 1,400 offers plenty of small-town charm. Residents here gather at local restaurants, attend regular events and spend time outside as much as possible. “It’s very quaint, it’s all walkable, you can ride your bike,” says Krissy Carnahan, a real estate agent with Realty One Group Destination who sells throughout the Keys. “It’s a safe, small island community.”

Canal-front homes with boat access and tropical landscaping

Most single-family homes here are a mix of beach style with low hipped metal roofs, ranch-style and New Traditional. Many have carports or garages. Front yards are either landscaped with grass and palm trees, or feature a mix of concrete, pavers or stones. Nearly all feature backyard water views, as they sit on a series of deep, wide canals. The wide canals allow boaters to turn their vessels around easily, perk for all boaters, but especially for less-skilled vacationers. “If they’re coming down for a week, that wide canal is important,” Carnahan says. Prices range from around $850,000 to around $3.6 million. Homes on the higher end of the price range often exceed 2,000 square feet, have backyard pools or both. Condos and townhouses are also available. Condos are located close to the ocean and range from around $400,000 for a one- or two-bedroom unit to $2.2 million for a four-bedroom unit with unobstructed views. Townhouses are located throughout the community and are typically priced between $500,000 and around $1.4 million.

Monroe County Schools offers open enrollment and magnet tracks

Monroe County Schools serves the town and has a B-plus rating on Niche. Monroe County Schools offers open enrollment within the district, plus magnet programs for specialized tracks. Out-of-district transfers require district approval under state policy. Kids can attend B-rated Stanley Switlik Elementary, B-rated Marathon Middle High and A-rated Coral Shores High. Kids at Coral Shores High can join any number of clubs and organizations including Creative Writing Club, Robotics Club and Fishing Club.

Sportfishing, golf and playgrounds offer outdoor fun for all ages

The community is known for its sportfishing, with multiple charter companies off Sadowski Causeway. Anglers have been known to catch tarpon, grouper and mangrove snapper. Residents with kids head to First Street Playground on the city’s east side, which also offers tennis and pickleball courts. Key Colony Beach Golf Course has a public nine-hole layout. Sunset Park sits on the water on the city’s southwest side and features piers and benches to enjoy the sunset, picnic tables, and green space. The park has a bit of sand but doesn’t offer the full beach-going experience. For that, residents head about three miles away to Cocoa Plum Beach in Marathon.

Dining in town, shopping and services are nearby

Sparky’s Landing Fish n’ Cocktails is on the community’s north side and is a local favorite for its seafood and patio on the water. Residents can also go to Havana Jack’s Oceanside Restaurant & Bar on the south side for seafood and waterfront dining. Winn-Dixie and Publix are about 5 miles away via U.S. Route 1. More shopping, dining and services are along U.S. Route 1 and in nearby Marathon. Baptist Health Fisherman’s Community Hospital is about 6 miles away and has an emergency room.

Fishing club hosts tournaments and a popular kids derby

The Key Colony Beach Fishing & Boating Club features multiple events throughout the year. The Kids Fishing Derby has become a major event every June since it was founded in 2006. Kids from ages six to 14 compete for biggest catch, then enjoy lunch and awards ceremony with trophies and door prizes. The club also hosts multiple tournaments throughout and year and celebrates Christmas with a boat parade.

Sadowski Causeway links the island to U.S. 1

Residents get around by car or bike, since the city doesn’t have a fixed bus line. The speed limit for cars is 25 miles per hour, which is strictly enforced. “You gotta slow down unless you want a ticket,” Carnahan says with a laugh. Sadowski Causeway leads off the island and connects to U.S. Highway 1, which travels throughout the Keys and eventually leads to Miami, about 120 miles away. Key West International Airport is around 50 miles away and connects to major cities like Miami, Atlanta and Dallas.

Most homes are in flood zones, insurance strongly encouraged

Most of Key Colony Beach is in a flood zone. The community has a floodplain management system that includes zoning, building codes and education. Home buyers are strongly encouraged to buy flood insurance. Key Colony Beach is in a high-risk area for hurricanes. Monroe County has an alert system that residents can sign up for to keep them informed during severe weather.

Sara Huffman
Written By
Sara Huffman

Interested in learning more about homes in this area? Reach out to Natalie Ardis, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Key Colony Beach Housing Trends

Housing Trends

Median List Price
$922,000
Median Sale Price
$705,000
Median Single Family Sale Price
$2,199,000
Median Townhouse Sale Price
$719,500
Median 2 Bedroom Sale Price
$599,000
Median Change From 1st List Price
8%
Last 12 months Home Sales
44
Median Home Sale Price YoY Change
-11%
Average Price Per Sq Ft
$773

Area Facts

Number of Homes
385
Number of Homes for Sale
41
Median Year Built
1980
Months of Supply
11.20
Average Single Family Home Size Sq Ft
2,479
Above the national average
1,929
Average Townhouse Size Sq Ft
1,733
Average 2 Bedroom Size Sq Ft
1,192
Average 1 Bedroom Size Sq Ft
551
Median Lot Size Sq Ft
9,147

Open Houses

  • Saturday, Jan 3
    Open House 1/03

    47 Sadowski, Key Colony, FL 33051

    $875,000

    • 2 Beds
    • 2 Baths
    • 1,040 Sq Ft
    • 47 Sadowski

    Welcome to Turquoise Lagoon, your stunning 2-bedroom, 2-bath waterfront retreat that captures the essence of Florida Keys living. Perfectly positioned on Bonefish Bay, this turnkey oasis offers spectacular open bay views and two private docks for effortless access to the sea. Stepping inside, you are welcomed by a bright and inviting kitchen featuring granite countertops, a center island with

    Agent Photo
    Ryan Gernaat
    Coldwell Banker Schmitt Lower Keys (KW)
    (786) 659-1279
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  • Saturday, Dec 20
    Open Sat 11AM - 1PM

    97 Coral Ln, Key Colony Beach, FL 33051

    $945,000

    • 2 Beds
    • 2 Baths
    • 1,290 Sq Ft
    • 97 Coral Ln

    A sought-after opportunity to own a single-family home in Key Colony Beach at this price point--an appealing alternative to a half-duplex. This bungalow-style 2-bedroom, 2-bath home features vaulted ceilings throughout and a bright, updated interior that immediately feels relaxed and welcoming. The open living area extends to a back patio where you can take in soft evening breezes and sunset

    Tracy Chacksfield Berkshire Hathaway HomeServices Keys Real Estate

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  • Sunday, Dec 21
    Open Sun 11AM - 1PM

    601 W Ocean Dr Unit 407, Key Colony Beach, FL 33051

    $625,000

    • 2 Beds
    • 2.5 Baths
    • 1,475 Sq Ft
    • 601 W Ocean Dr
    • Unit 407
    • New 30 days ago

    Spacious and thoughtfully updated, this two-story condo offers the largest floorplan in the community, its wider layout creating a natural sense of ease from the moment you step inside. The interiors pair clean, modern finishes with a light, coastal palette--an elevated take on beachside living that feels sophisticated yet relaxed. The result is a cohesive, move-in-ready atmosphere that

    Tracy Chacksfield Berkshire Hathaway HomeServices Keys Real Estate

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Weather

Annual Precipitation
39''
Average Winter Low Temperature
65°F
Average Summer High Temperature
92°F
Annual Snowfall
0''

Area Factors

Somewhat Bikeable

Bike Score®®

28 / 100

Car-Dependent

Walk Score®®

6 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Key Colony Beach