340 E Ocean Dr Key Colony Beach, FL 33051
Key Colony Beach AreaEstimated payment $9,323/month
Highlights
- Dock made with wood
- Cathedral Ceiling
- Impact Glass
- Home fronts a canal
- Furnished
- Storage
About This Home
Investors! Full Duplex! Own both sides! This is rare opportunity to own a legal duplex being sold 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.
Head over to the Cabana Club which is just steps away, for some fun in the sun!
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
Listing Agent
Coldwell Banker Schmitt Real Estate Co. License #3012615 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
Parking
- Open Parking
Home Design
- Duplex
- Frame Construction
- Metal Roof
Interior Spaces
- 2,918 Sq Ft Home
- Furnished
- Cathedral Ceiling
- Storage
- Utility Room
- 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
Outdoor Features
- Dock made with wood
- Shed
Utilities
- Central Air
Listing and Financial Details
- Assessor Parcel Number 00073110-000000
Community Details
Overview
- Key Colony Bch Yacht Subdivision
Pet Policy
- Pets Allowed
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $7,990 | $681,011 | $579,523 | $101,488 |
| 2025 | $7,585 | $667,658 | $568,159 | $99,499 |
| 2024 | $7,585 | $654,567 | $557,018 | $97,549 |
| 2023 | $7,428 | $641,733 | $546,096 | $95,637 |
| 2022 | $7,337 | $629,150 | $535,388 | $93,762 |
| 2021 | $7,353 | $616,814 | $524,890 | $91,924 |
| 2020 | $7,324 | $610,490 | $519,508 | $90,982 |
| 2019 | $7,101 | $598,520 | $509,321 | $89,199 |
| 2018 | $6,953 | $586,785 | $499,335 | $87,450 |
| 2017 | $6,676 | $575,280 | $489,544 | $85,736 |
| 2016 | $6,703 | $568,000 | $469,495 | $98,505 |
| 2015 | $6,009 | $503,000 | $404,495 | $98,505 |
| 2014 | $5,211 | $453,750 | $355,245 | $98,505 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $633,750 | New Conventional | |
| Previous Owner | $414,443 | New Conventional | |
| Previous Owner | $600,000 | Unknown | |
| Previous Owner | $650,000 | 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.