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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
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.
