
721 W Ocean Dr Key Colony Beach, FL 33051
Estimated payment $59,558/month
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
Coldwell Banker Schmitt Lower Keys (KW) License #605677 Listed on: 04/17/2025

Map
Property Details
Property Type
Land
Lot Details
0
Listing Details
- Property Type: Lots and Land
- As Is Right To Inspect: Yes
- Contingent: None
- Control Depth: 2
- Document Count: 1
- 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
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 |
---|---|---|---|---|
2024 | -- | -- | -- | -- |
2023 | -- | -- | -- | -- |
2022 | -- | -- | -- | -- |
2021 | -- | -- | -- | -- |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/03/2025 06/03/25 | Pending | -- | -- | -- |
04/17/2025 04/17/25 | For Sale | $9,198,000 | -- | -- |
About the Listing Agent

She began her real estate career in 1989 working for luxury condo developer in Miami, FL. She was promoted to Broker of Mystic Point Realty in Aventura, FL in 1995 and then went on to be a top producing agent for Sotheby's International Realty on Miami Beach FL in 1999, where she specialized in Luxury Estates Homes. In 2004 she purchased a vacation home in the Florida Keys and fell in love with the area. Six months later she made the Keys her permanent home. Since joining Coldwell Banker
Lisa's Other Listings
Source: Key West Association of REALTORS®
MLS Number: 614678

APN: 00078380-000000
- 601 W Ocean Dr Unit 209D
- 601 W Ocean Dr Unit 414D
- 601 W Ocean Dr Unit 411C
- 601 W Ocean Dr Unit 203A
- 501 E Ocean Dr Unit 26
- 501 E Ocean Dr Unit 17
- 918 W Ocean Dr
- 4 7th St
- 241 & 251 5th St
- 1001 W Ocean Dr Unit 2-203
- 1001 W Ocean Dr Unit 1-305
- 1001 W Ocean Dr Unit 1-105
- 18 7th St
- 271 9th St
- 261 9th St
- 261 & 271 9th St
- 351 5th St
- 760 10th St
- 0 Key Colony Beach Unit 613589
- 320 5th St