340 E Ocean Dr Key Colony Beach, FL 33051
Estimated payment $9,095/month
Highlights
- Beach
- Dock made with wood
- Home fronts a canal
- Coral Shores High School Rated A
- Tennis Courts
- Deck
About This Home
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 bedrooms, 3 bathrooms, 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 feet of dockage with dual docks, allowing space for multiple vessels and providing a quick, easy ride to the open Atlantic for world-class fishing and boating.The 340 E Ocean Drive side features towering ceilings and dramatic floor-to-ceiling windows, filling the home with natural light while showcasing beautiful canal views from multiple areas. This side includes 3 bedrooms, 2 bathrooms, and a private balcony to enjoy the coastal breeze.The 350 E Ocean Drive side offers 2 bedrooms and 1 bathroom, along with its own private balcony overlooking the canal, the perfect spot to enjoy a morning coffee or evening sunset.Enjoy both ocean and canal views from this prime location just steps from the Atlantic. With a proven rental history, this property offers outstanding flexibility. Owners have the flexibility to live in one side and rent the other or rent both for maximum income potential.Updates include; Impact windows and doors (2021) 5V Metal Crimp Roof (2021) AC ( 2021 & 2023) New Dock Posts (2024)Competitively priced and offering size, dockage, and location, this is a standout opportunity to own a versatile waterfront property in Key Colony Beach. Call Today!
Listing Agent
Coldwell Banker Schmitt Real Estate Co. License #3611186 Listed on: 03/11/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,836
Year Built
- Built in 1986
Lot Details
- 5,859 Sq Ft Lot
- Home fronts a canal
Home Design
- Duplex
- Frame Construction
- Metal Roof
Interior Spaces
- 2,918 Sq Ft Home
- Furnished
- Cathedral Ceiling
- Storage
- Utility Room
- Vinyl Flooring
- Canal Views
- Impact Glass
Kitchen
- Oven
- Microwave
- Dishwasher
- Built-In or Custom Kitchen Cabinets
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- 4 Parking Spaces
- Open Parking
Outdoor Features
- Dock made with wood
- Tennis Courts
- Balcony
- Deck
- Shed
Utilities
- Forced Air Heating and Cooling System
Community Details
Overview
- No Home Owners Association
- Key Colony Bch Yacht Subdivision
Recreation
- Beach
- Tennis Courts
- Bike Trail
Pet Policy
- Pets Allowed
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $11,724 | $1,068,846 | $574,241 | $494,605 |
| 2024 | $11,165 | $1,215,360 | $720,174 | $495,186 |
| 2023 | $11,165 | $1,266,015 | $752,764 | $513,251 |
| 2022 | $9,348 | $872,491 | $445,987 | $426,504 |
| 2021 | $6,723 | $577,087 | $232,895 | $344,192 |
| 2020 | $6,429 | $572,129 | $221,910 | $350,219 |
| 2019 | $5,911 | $515,256 | $223,316 | $291,940 |
| 2018 | $6,146 | $603,086 | $294,122 | $308,964 |
| 2017 | $5,580 | $559,163 | $0 | $0 |
| 2016 | $5,560 | $570,906 | $0 | $0 |
| 2015 | $4,940 | $467,783 | $0 | $0 |
| 2014 | $4,767 | $452,802 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/11/2026 03/11/26 | For Sale | $1,550,000 | +83.4% | $531 / Sq Ft | |
| 03/23/2021 03/23/21 | Sold | $845,000 | -10.6% | $396 / Sq Ft | View Prior Sale |
| 11/12/2020 11/12/20 | For Sale | $945,000 | -- | $443 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $845,000 | Attorney | |
| Warranty Deed | -- | Attorney | |
| Warranty Deed | -- | Attorney | |
| Warranty Deed | $1,100,000 | -- | |
| Warranty Deed | $610,000 | -- | |
| Warranty Deed | $510,000 | -- | |
| Warranty Deed | $365,000 | -- | |
| Warranty Deed | $295,000 | -- | |
| Warranty Deed | $37,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $633,750 | New Conventional | |
| Previous Owner | $650,000 | New Conventional | |
| Previous Owner | $408,000 | New Conventional |
Source: Marathon and Lower Keys Association of REALTORS®
MLS Number: 619018
APN: 00073110-000000
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Ask me questions while you tour the home.