$1,999,000
$276K PRICE DROP

320 5th St Key Colony Beach, FL 33051

Estimated payment $11,437/month

Total Views 13,602
5 Beds
3 Baths
3,234 Sq Ft
$618 Price per Sq Ft

About This Home

Expansive and elegant waterfront residence situated on the canal, offering an eastern exposure overlooking the in-ground pool and 100-foot wide canal. The property features a covered patio on the lower level and a spacious wooden deck on the upper level, complete with spiral stairs leading from the living room to a tropical keys-inspired kitchen. Ideal for hosting gatherings and unwinding in comfort. This 5-bedroom, 3-bathroom home includes two bedrooms and two baths upstairs, as well as three bedrooms and one bath downstairs. The circular paver driveway provides ample parking space. A large family home or corporate retreat boasting a Corian kitchen, fireplace, and separate living and dining areas on both floors. Equipped with a boatlift and convenient access to the Atlantic, whether you are looking for a vacation rental or a permanent residence, this property has it all.

Listing Agent

Baris Leyla

Coastal Collection Real Estate Inc. License #BK3413958 Listed on: 02/28/2025

Map

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,786

Year Built

1971

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 4
  • Dockage Dock Length: 60
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key Colony
  • Limited Representation: No
  • Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
  • Mile Marker: 53.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Fire Hydrant, Bike Paths
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 14026.25
  • Title: Negotiable
  • Vehicle Storage: Open Parking
  • Year Built: 1971
  • Alternate Key Number: 1077569
  • Building Style: A-Frame
  • Cooling Heating: Central Air, Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 6600.00
  • Pool Info: In Ground, Decked
  • Porch Balcony: Open Porch/Balcony, Deck
  • Shutters: Accordion
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 3234.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Pantry, Built-in Cabinets, Other, Walk-in Closet(s), Storage, Smoke Alarms, Entrance Foyer
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dryer, Stainless Steel Appliance(s), Oven, Refrigerator, Dishwasher
  • Floor: Tile, Wood
  • Specialty Rooms: Laundry Room, Other, Workshop
  • Windows/Doors: Single Hung Windows, Sliding Glass Doors
  • Total Bedrooms: 5
  • Accessibility Features: Parking
  • Sq Ft Remarks: Buyer to Verify All Data

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Frame, Combo Construction
  • Exterior Features: Privacy Wall/Fence, Storage
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: Yes

Utilities

  • Security: Patrolled Area
  • Utilities: FKAA, Cable Available, Buyer to Verify, Community Swr Plant

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00073480-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.15

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2024

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,786 $1,413,046 $919,512 $493,534
2023 $6,786 $693,479 $0 $0
2022 $6,533 $673,281 $0 $0
2021 $6,593 $653,671 $0 $0
2020 $6,292 $644,646 $304,590 $340,056
2019 $5,869 $559,223 $308,880 $250,343
2018 $6,175 $615,829 $310,613 $305,216
2017 $7,118 $736,198 $0 $0
2016 $6,958 $681,687 $0 $0
2015 $6,469 $629,536 $0 $0
2014 $6,334 $598,914 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2025 08/26/25 Price Changed $1,999,000 -12.1% $618 / Sq Ft
02/28/2025 02/28/25 For Sale $2,275,000 -- $703 / Sq Ft
Source: Key West Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,875,000 None Listed On Document
Special Warranty Deed $540,000 Attorney
Warranty Deed -- --
Certificate Of Transfer $100 --
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $920,000 Approved Title Insurance Com
Warranty Deed $350,000 --
Warranty Deed $350,000 --
Deed -- --
Warranty Deed $110,000 --
Deed $4,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,625,000 Seller Take Back
Previous Owner $129,452 Credit Line Revolving
Previous Owner $994,000 New Conventional
Previous Owner $184,000 Credit Line Revolving
Previous Owner $644,000 Purchase Money Mortgage
Source: Public Records

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Source: Key West Association of REALTORS®

MLS Number: 613928

Key West Association of REALTORS®

APN: 00073480-000000

Florida Monroe County Key Colony Beach 33051

320 5th St, Key Colony Beach, FL

This home is located at 320 5th St, Key Colony Beach, FL 33051 and is currently priced at $1,999,000, approximately $618 per square foot. This property was built in 1971. 320 5th St is a home located in Monroe County with nearby schools including Stanley Switlik Elementary School, Marathon Middle High School, and Coral Shores High School.

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Key West Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Baris Leyla
Listing Agent
Baris Leyla
Section Image
Coastal Collection Real Estate Inc.
(305) 407-0314