55 Coral Way, Stock Island, FL 33040

$1,250,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,420 Lot Size (sq. ft.): 1,154 Status: Closed
Current Price: $1,250,000 List Date: 6/28/2025 Last Modified: 2/19/2026

Description

$151,000 PRICE REDUCTION! Here is your chance to purchase a TRUE TRANSIENT 3BR/3BA 1420 sq ft home. OCTOPUS'S GARDEN is one of only 8 stand alone units in the Coral Hammock gated community and has generated up to $157,000 in gross annual income. This income-producing home is being offered as a turnkey purchase, whimsically decorated with furnishings that reflect the laid-back, quirky island life style of Key West. You will be just down the street from the famous Hogfish Bar & Grill, Roostica Pizzeria, Hurricane Hole Marina & Restaurant and Chico's Cantina. The Key West Golf Club is just across the street. You will be just a short bike or Uber ride from Old Town Key West. THE COMMUNITY & GROUNDS... This freestanding home has two off street parking spaces directly in front, with a grassy lawn that surrounds the house. The front porch offers a shaded area to sit and relax. The back porch is perfect for a BBQ and the big back yard is great for the kids. An enormous communal swimming pool surrounded by plenty of chaise lounges directly across from your front door. Access to the clubhouse includes a shaded patio area overlooking the pool, as well as an indoor gathering area and a private fitness center with cardio equipment and free weights. FEATURES... **New impact doors and windows installed recently **New HVAC system installed in April 2025 with warranty **Interior and all exterior walls, and trim freshly painted **All decks freshly painted **Range, dish washer & microwave all replaced within the last three years **New furnishings & art work recently installed. **High quality flooring installed. **Home is scheduled for preventative termite tenting July 20. ** Washer and Dryer ** Ceiling Fans ** TVs in Living Room & All Bedrooms ** Fully Equipped Kitchen ** Linens and Towels included ** Community Pool Access ** Assigned Off-street Parking for 2 cars ** Fitness Center ** Clubhouse available for private parties

More Information MLS# 615593

Contract Information

Current Price: $1,250,000 Listing Date: 2025-06-28 Listing Board: Key West Association Sold Price: $1,250,000 As is Rght to Inspct: Yes Species List: No

Location Tax Legal

Street #: 55 Street Name: Coral Street Suffix: Way Key/Island: Stock Island State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Maloney Sub (5.0) Area: 05 - Stock Island to Shark Key

General Property Description

Realtor.COM Type: Residential - Single Family Style: Single Family Waterfront: No Pool: Yes Year Built: 2004 Lot SqFt: 1154 Lot Sqft Source: Property Data Card Acres: 0.03 Living Apx SqFt: 1420 SqFt Source: Property Data Card Total Bedrooms: 3 Full Baths: 3 Total Baths: 3 Rentals Allowed: Yes Min Rental Days: 1

Status Change Info

Sold Date: 2026-02-18 Sold Price: $1,250,000 Status: Closed

Association Info

Mandatory Home Owners Asc: Yes Voluntary Home Owners Asc: No 1st Right of Refusal: No Assoc Approval Req: No Association Fee $: 440 Assoc/Mnt Fee Per: Monthly

License Info

# of City License: 1 Transient Rntl Licns: Yes

Building Style

Above Flood: Yes Stories: 2 Stories

Vehicle Storage

Car(s): 2

Property Features

Fee Includes: Common Area Mnt Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Vehicle Storage: Assigned Parking; Guest Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Heating: Central Utilities: Cable Available; FKAA; Municipal Sewer Appliances: Dishwasher; Disposal; Dryer; Freezer; Microwave; Oven; Range; Refrigerator; Washer Pool Info: In Ground; Concrete; Decked Construction: Hardi Board Siding Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Clubhouse; Community Pool Land Size: Less Than 1/4 Acre Terms: Cash
Listing Office: Last Key Realty, Inc (KW)
Last Updated: February - 19 - 2026
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