$1,550,000
$50K PRICE DROP

340 E Ocean Dr Key Colony Beach, FL 33051

Estimated payment $8,805/month

Total Views 1,900
5 Beds
3 Baths
2,134 Sq Ft
$726 Price per Sq Ft

Highlights

  • Home fronts a canal
  • No HOA
  • Seawall
  • Coral Shores High School Rated A
  • Tile Flooring

About This Home

Full 2 side Duplex - A Fantastic Investment Opportunity! Live in one side and rent out the other! Unit 340 (East Side): Features a spacious split floor plan with 3 bedrooms and 2 full baths. The open-concept living areas boast soaring ceilings and expansive canal views. Enjoy outdoor entertaining on the covered deck, perfect for relaxing by the water. Boaters and anglers will appreciate the 50-foot dock, offering quick access -- just 5 minutes to the open ocean and 10 minutes to the Gulf. Unit 350 (West Side): Offers 2 bedrooms, 1 bath, and a bright open living, dining, and kitchen area, with its own private deck for outdoor enjoyment. Additional highlights include extensive storage space beneath the home and ample parking. Conveniently located across from the Cabana Club and Havana Jack's, and within walking or biking distance to the marina, golf course, tennis and pickleball courts, basketball courts, playgrounds, horseshoe and bocce ball areas, post office, police and city buildings, and Sunset Park. Whether you're looking for a retirement home, primary residence, or a high-demand vacation rental, this duplex offers it all both sides have a full kitchen and private entrance-- a slice of paradise and an excellent investment opportunity!

Listing Agent

Armando Perez

Avenew Realty Corp. License #3464069 Listed on: 11/06/2025

Avenew Realty Corp.

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

Interior Spaces

  • 2,134 Sq Ft Home
  • Tile Flooring
  • Canal Views

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Seawall

Utilities

  • Public Hookup Available For Sewer
  • Community Sewer or Septic
  • Cable TV Available

Community Details

Overview

  • No Home Owners Association
  • Key Colony Beach Botel Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,836

Year Built

Built in 1986

Lot Details

5,859 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Key Island: Key Colony
  • Limited Representation: No
  • Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
  • Mile Marker: 53.50
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 9835.95
  • Year Built: 1986
  • Alternate Key Number: 1077186
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Lot Sq Ft: 5859.00
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2134.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Microwave, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Total Bedrooms: 5

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Frame
  • Waterview: Canal View
  • Pool: No

Utilities

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

Lot Info

  • Deed Restrictions: Unknown
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes

Tax Info

  • Tax Year: 2024

Map

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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
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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/11/2026 02/11/26 For Sale $1,550,000 0.0% $726 / Sq Ft
02/11/2026 02/11/26 Price Changed $1,550,000 -3.1% $726 / Sq Ft
02/06/2026 02/06/26 Off Market $1,600,000 -- --
11/06/2025 11/06/25 For Sale $1,600,000 +89.3% $750 / 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
Source: Florida Keys Board of REALTORS®

Source: Florida Keys Board of REALTORS®

MLS Number: 617213

Florida Keys Board of REALTORS®
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