320 5Th Street, Key Colony, FL 33051

$2,075,000
Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 3,234 Lot Size (sq. ft.): 6,600 Status: Active
Current Price: $2,075,000 List Date: 2/21/2026 Last Modified: 2/23/2026

Description

Spacious and sophisticated waterfront home situated on a wide canal with desirable eastern exposure, offering serene views of the in-ground pool and 100-foot-wide canal. Designed for both entertaining and everyday comfort, the home features a covered patio on the lower level and a generous wooden deck on the upper level, connected by elegant spiral stairs leading to a dedicated entertainment area below. The newly updated upstairs kitchen is bright, modern, and exceptionally spacious, anchoring the upper-level living space. This five-bedroom, three-bathroom residence is thoughtfully laid out with two bedrooms and two bathrooms upstairs, and three bedrooms with one bathroom downstairs--ideal for extended family, guests, or rental flexibility. A circular paver driveway provides ample parking, while separate living areas on each floor enhance privacy and functionality. The Corian kitchen, expansive layout, and waterfront lifestyle make this property suitable as a large family home, corporate retreat, or high-performing vacation rental. Complete with a private boat lift and quick access to the Atlantic Ocean, this home delivers the full waterfront experience--whether as a permanent residence or an income-generating investment.

More Information MLS# 618755

Contract Information

Current Price: $2,075,000 Listing Date: 2026-02-21 Listing Board: Key West Association List Price: $2,075,000 As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No

Location Tax Legal

Street #: 320 Street Name: 5Th Street Suffix: Street Key/Island: Key Colony State/Province: FL Zip Code: 33051 County: Monroe Subdivision: Key Colony Beach (53.5) Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony

General Property Description

Realtor.COM Type: Residential - Single Family Style: Single Family Waterfront: Yes Control Depth: 4 Pool: Yes Year Built: 1971 Lot Size: 60 X 110 Lot SqFt: 6600 Lot Sqft Source: Tax Records Acres: 0.15 Living Apx SqFt: 3234 SqFt Source: Tax Records Total Bedrooms: 5 Full Baths: 3 Total Baths: 3 Rentals Allowed: Yes Min Rental Days: 7

Status Change Info

Status: Active

Association Info

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

Dockage

Dock Length: 60 Seawall: Concrete

Building Style

Above Flood: Yes Stories: 2 Stories

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Canal Front Waterview: Canal View Dockage: Boat Lift Building Style: A-Frame Vehicle Storage: Assigned Parking; Open Parking Furnished: Negotiable Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s) Utilities: Buyer to Verify; Cable Available; Community Swr Plant; FKAA Interior Features: Built-in Cabinets; Entrance Foyer; Smoke Alarms; Storage; Walk-in Closet(s); Other Specialty Rooms: Laundry Room; Workshop Appliances: Dishwasher; Microwave; Oven Exterior Features: Privacy Wall/Fence; Storage Accessibility Feat: Parking Pool Info: In Ground Construction: Combo Construction; Frame Shutters: Accordion Floor: Tile; Wood Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Bike Paths; Fire Hydrant Security: Patrolled Area Land Size: Less Than 1/4 Acre Title: Negotiable
Listing Office: Coastal Collection Real Estate Inc.
Last Updated: February - 23 - 2026
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