125 Colson Drive, Cudjoe Key, FL 33042

$2,195,000
Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 1,903 Lot Size (sq. ft.): 68,400 Status: Active
Current Price: $2,195,000 List Date: 6/19/2026 Last Modified: 7/06/2026

Description

TRANSIENT LICENSE * NIGHTLY RENTALS* PROVEN RENTAL INCOME* IDEAL 1031 EXCHANGE OPPORTUNITY Casa De Las Palmas Rarely does a Florida Keys property combine proven income, privacy, and future potential like this. Situated on nearly two acres spanning four lots, this unique compound offers a coveted transient license allowing nightly rentals and a well-established vacation rental business with a strong history of performance. Historically generating over $200,000 annually, with recent projections ranging from $250,000 to $300,000, this is an outstanding opportunity for investors, vacation rental operators, or buyers seeking a premier 1031 Exchange replacement property. More than just a rental property, this is a proven income-producing asset with an established guest base, and delivering the authentic Florida Keys experience that visitors seek. Rather than starting from scratch, a new owner can step into a property with a successful operating history and demonstrated demand. The property features a 4-bedroom, 2-bath main residence, relaxing pool, expansive outdoor living areas, and a separate concrete guest structure complete with bedroom, bath, and kitchenette. Fully fenced with two private entrances, the grounds offer exceptional privacy, abundant tropical landscaping, fruit trees, palms, and ample space for RVs, boat trailers, and recreational equipment. Over 100 Palm trees Future upside may exist through additional development opportunities, expansion of the existing compound, or further enhancement of the guest experience, subject to buyer verification and applicable regulations. Properties offering a transient license, multiple lots, substantial acreage, proven income, and future potential are increasingly rare in today's Florida Keys market. Whether you're seeking a high-performing vacation rental, a strategic 1031 Exchange acquisition, or a private Florida Keys retreat, this property is positioned to deliver value and Solid ROI from day one.

More Information MLS# 620325

Contract Information

Current Price: $2,195,000 Listing Date: 2026-06-19 Listing Board: Florida Keys List Price: $2,195,000 As is Rght to Inspct: Yes

Location Tax Legal

Street #: 125 Street Name: Colson Street Suffix: Drive Key/Island: Cudjoe Key State/Province: FL Zip Code: 33042 County: Monroe Subdivision: Cudjoe Acres (21.5) Area: 07 - Cudjoe Key

General Property Description

Realtor.COM Type: Residential - Single Family Style: Single Family Waterfront: No Pool: Yes Year Built: 1986 Lot Size: 4 lots plus easement total of just under 2 acres Lot SqFt: 68400 Lot Sqft Source: Tax Records Acres: 1.57 Living Apx SqFt: 1903 SqFt Source: Tax Records Total Bedrooms: 5 Full Baths: 3 Total Baths: 3 Rentals Allowed: Yes Min Rental Days: 1

Status Change Info

Status: Active

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

License Info

# of County License: 1 Transient Rntl Licns: Yes

Building Style

Above Flood: Yes Stilt Column Height: Tall - 10Ft & Over

Financial Status

Standard Sale: Yes

Property Features

Fee Includes: Sewer; Other Tax Exemptions: None Waterfront: None Waterview: Open Water View Dockage: None Vehicle Storage: Guest Parking; Open Parking; RV Parking Open; Trailer Storage Furnished: Negotiable Utilities: Buyer to Verify; FKAA Specialty Rooms: Other Appliances: Oven; Refrigerator Exterior Features: Fencing; Privacy Wall/Fence Pool Info: In Ground; Decked Construction: Frame Shutters: Accordion; Panel Pets: Pets Allowed Land Size: 1 Less Than 2 Acres Terms: Cash; Conventional
Listing Office: American Caribbean Real Estate, Christie's International Real Estate
Last Updated: July - 06 - 2026
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