$9,198,000
PENDING

721 W Ocean Dr Key Colony Beach, FL 33051

Estimated payment $57,676/month

Total Views 16,391
-- Acre
-- Price per Acre
-- Sq Ft Lot

About This Lot

Fantastic Oceanfront Development Opportunity in the heart of the Florida Keys! 2+ acres of prime oceanfront boasting 225' of beach front with dock permit in Key Colony Beach. A total of 3 lots with endless possibilities. Previous use was a 22 unit condominium. Or look into separating the lots to build 3 new luxury beach homes which are in very hot demand and rare to find. One house on this street sold March 2025 for $12 Million. Key Colony Beach is an upscale coastal community in the Middle Keys offering beautiful beaches, par 3 golf course, basketball, pickle and bocce ball, shopping and dining, marina, fishing charters, and 3 parks including Sunset Park where you will find Keys famous sunsets over the ocean all year long. Key Colony Beach also enjoys it's own police force and quick access to the Marathon Airport which is just minutes away.

Listing Agent

Lisa Ferringo

Coldwell Banker Schmitt Lower Keys (KW) License #605677 Listed on: 04/17/2025

Coldwell Banker Schmitt Lower Keys (KW)

Map

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots and Land
  • As Is Right To Inspect: Yes
  • Contingent: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key Colony
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 53.50
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Tennis Courts, Beach, Other Area Features
  • Off Shore Island: No
  • Property Group I D: 19990816212131825981000000
  • Side: Ocean
  • State Province: FL
  • Title: Negotiable
  • Alternate Key Number: 1084603
  • Dockage Dock Permit: Yes
  • Lot Sq Ft: 91650.00
  • Species List: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Existing Utilities: Electric on Site, Water Line, Sewer
  • Location Site: Paved Street, Cleared Site, Water Frontage
  • Miscellaneous Info Mobile Home Lot: No
  • R O G O Exempt: Yes
  • Survey Available: Yes
  • Tax Exemptions: None
  • Vegetation Survey: No
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront: Oceanfront, Beach Front, Open Water
  • Waterfront: Yes
  • Waterview: Open Water View, Ocean View

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE VE by water only
  • Parcel Number: 00078380-000000
  • Land Size: 2 Less Than 5 Acres, More than 1 Lot
  • Building Permit: Other Permit
  • Total Lots: 3.00

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 -- -- -- --
2023 -- -- -- --
2022 -- -- -- --
2021 -- -- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2025 06/03/25 Pending -- -- --
04/17/2025 04/17/25 For Sale $9,198,000 -- --
Source: Key West Association of REALTORS®

About the Listing Agent

Lisa Ferringo

Coldwell Banker Schmitt Lower Keys (KW)

(786) 783-6269

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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: 614678

Key West Association of REALTORS®

APN: 00078380-000000