$7,999,000
$500K PRICE DROP

Estimated payment $49,083/month

Total Views 53,134
4 Beds
5 Baths
4,888 Sq Ft
$1,636 Price per Sq Ft

About This Home

Located within exclusive Key Colony Beach, nestled on a lushly landscaped, oversized lot, lies a stunning Oceanfront estate of unrivaled opulence. Boasting in-ground saltwater pool and spa, private sandy beach, firepit, built-in outdoor kitchen, and sprawling composite dock with 40K boat lift, this home caters to elevated Florida Keys living, and the 13,659 Sq. Ft. manicured lot across the street is also included in the sale where you can add a guest house or 2nd home. Enter through soaring glass doors into an elegant foyer, where turquoise Ocean Views are the focal point of the courtyard in the heart of the home. In the South wing, a gorgeous Great Room features access to both the courtyard and a covered veranda, boasting views of the grounds, pool, and Open Water. A well-appointed wet bar, complete with refrigerator and wine cooler, lends itself to entertaining. In the North wing, the showstopping Chef's Kitchen, with premium appliances, including gas range, and large island with storage and seating, is designed for hosting memorable gatherings. Visitors will enjoy superior accommodation in either the downstairs guest suite, or either of two upstairs en suite guest bedrooms. Retire to a palatial primary suite, with large walk-in closet with laundry, luxurious en suite, sitting area, and built-in wet bar, provided abundant privacy in the upstairs South wing. Wake up to magnificent Ocean Views and enjoy morning coffee on the private primary balcony. Outside, host memorable events in the lush backyard oasis. Lounge poolside on the sun deck or beachside in a shaded hammock. Grill up your fresh catch and enjoy sunset cocktails from the well-appointed, built-in outdoor kitchen, and cozy up by the firepit under a blanket of stars, to enjoy balmy ocean breezes. This spectacular property is designed for resort-style living, situated in sought-after Key Colony, boasting incomparable community amenities and with convenient proximity to delectable dining and stores in town

Listing Agent

Lisa Ferringo

Coldwell Banker Schmitt Lower Keys (KW) License #605677 Listed on: 04/13/2025

Coldwell Banker Schmitt Lower Keys (KW)

Map

Home Details

Home Type

Single Family

Year Built

1993

Lot Details

0.62 Acres

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • Additional Assessor Parcel Number 1: 00079872-011500
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Dockage Dock: Composite
  • Fee Includes: None
  • Key Island: Key Colony
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 53.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Other Area Features, Bike Paths
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 29515.32
  • Title: Negotiable
  • Vehicle Storage: Garage, Trailer Storage, Off Street Parking, Open Parking, Attached
  • Year Built: 1993
  • Alternate Key Number: 8734271
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 26919.00
  • Pool Info: In Ground, Decked
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Patio
  • Species List: No
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 4888.00
  • Pool Info Other: Chilled
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Wet Bar, Bar, Walk-in Closet(s), Storage, Granite Counter Top, Built-in Cabinets, Entrance Foyer, Split Bedroom, Cathedral Ceilings
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Appliances: More Appliances, Stainless Steel Appliance(s), Gas Appliances, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer, Washer
  • Floor: Tile, Marble, Wood
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room, Other
  • Total Bedrooms: 4

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Bar, Storage, Sandy Beach, Outdoor Kitchen, Lanai, Lighting, Fruit Tree(s), Fencing, Built-in Grill
  • Roof: Concrete Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer
  • Heating: Electric

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: VE,VE
  • Parcel Number: 00079872-010200
  • Land Size: 1/2 - Less Than 1 AC
  • Acres: 0.62

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2024
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/02/2026 03/02/26 Price Changed $7,999,000 -5.9% $1,636 / Sq Ft
11/15/2025 11/15/25 For Sale $8,499,000 0.0% $1,739 / Sq Ft
07/11/2025 07/11/25 Off Market $8,499,000 -- --
04/13/2025 04/13/25 For Sale $8,499,000 +169.8% $1,739 / Sq Ft
06/15/2017 06/15/17 Sold $3,150,000 -14.3% $651 / Sq Ft View Prior Sale
05/06/2017 05/06/17 Pending -- -- --
12/23/2016 12/23/16 For Sale $3,675,000 -- $759 / Sq Ft
Source: Key West Association of REALTORS®

About the Listing Agent

Lisa Ferringo

Coldwell Banker Schmitt Lower Keys (KW)

(645) 666-0421

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She launched her real estate career in 1989 with a luxury condominium developer in Miami, Florida. By 1995 she had been promoted to Broker of Mystic Point Realty in Aventura, and in 1999 she joined Sotheby’s International Realty in Miami Beach, where she quickly became a top-producing agent specializing in luxury estate homes.
In 2004, she purchased a vacation home in the Florida Keys and instantly fell in love with the area. Just six months later, she made the Keys her permanent home. Since

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Source: Key West Association of REALTORS®

MLS Number: 614617

Key West Association of REALTORS®
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