340 E Ocean Drive 0, Key Colony, FL 33051

$1,550,000
Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 2,134 Lot Size (sq. ft.): 5,859 Status: Active
Current Price: $1,550,000 List Date: 2/11/2026 Last Modified: 2/11/2026

Description

Full 2 side Duplex - A Fantastic Investment Opportunity! Live in one side and rent out the other! Unit 340 (East Side): Features a spacious split floor plan with 3 bedrooms and 2 full baths. The open-concept living areas boast soaring ceilings and expansive canal views. Enjoy outdoor entertaining on the covered deck, perfect for relaxing by the water. Boaters and anglers will appreciate the 50-foot dock, offering quick access — just 5 minutes to the open ocean and 10 minutes to the Gulf. Unit 350 (West Side): Offers 2 bedrooms, 1 bath, and a bright open living, dining, and kitchen area, with its own private deck for outdoor enjoyment. Additional highlights include extensive storage space beneath the home and ample parking. Conveniently located across from the Cabana Club and Havana Jack's, and within walking or biking distance to the marina, golf course, tennis and pickleball courts, basketball courts, playgrounds, horseshoe and bocce ball areas, post office, police and city buildings, and Sunset Park. Whether you're looking for a retirement home, primary residence, or a high-demand vacation rental, this duplex offers it all both sides have a full kitchen and private entrance— a slice of paradise and an excellent investment opportunity!

More Information MLS# 617213

Contract Information

Current Price: $1,550,000 Listing Date: 2025-11-06 Listing Board: Florida Keys List Price: $1,550,000

Location Tax Legal

Street #: 340 Direction: E Street Name: Ocean Street Suffix: Drive Key/Island: Key Colony State/Province: FL Zip Code: 33051 County: Monroe Subdivision: Key Colony Beach Botel (53.5) Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony

General Property Description

Realtor.COM Type: Residential - Single Family Style: Duplex Waterfront: Yes Control Depth: 5 Pool: No Year Built: 1986 Lot SqFt: 5859 Living Apx SqFt: 2134 SqFt Source: Appraisal Total Bedrooms: 5 Full Baths: 3 Total Baths: 3 Rentals Allowed: Yes

Status Change Info

Status: Active

Association Info

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

Dockage

Dock Length: 50 Seawall: Concrete

Building Style

Above Flood: Yes Stilt Column Height: Medium - 5Ft - 9Ft Stories: 2 Stories

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Canal Front Waterview: Canal View Utilities: Buyer to Verify; Cable Available; Community Swr Plant; FKAA Appliances: Dishwasher; Dryer; Microwave; Refrigerator; Washer Construction: Frame Floor: Tile Pets: Pets Allowed Land Size: Less Than 1/4 Acre

Room Information

Bedroom 1 Level: Second
Listing Office: Avenew Realty Corp.
Last Updated: February - 11 - 2026
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