581 8Th Street, Key Colony, FL 33051

$835,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,439 Lot Size (sq. ft.): 4,125 Status: Closed
Current Price: $835,000 List Date: 4/14/2023 Last Modified: 9/24/2025

Description

PRICED TO SELL, as this property is currently one of the best values in Key Colony Beach in terms of cost per square foot. This is your optimal island getaway, fish camp or vacation rental investment property. Currently an active vacation rental with a Cabana Club membership and the option to own the entire duplex, as unit 591 is also on the market separately, allowing flexibility to manage multiple bookings or larger parties in general. Another advantage is that this property is situated above flood! This unit offers 3 bedrooms, 2 full baths, an updated kitchen with granite counters and a breakfast bar, as well as a 37.5-foot dock complete with a fish cleaning station. Both the kitchen and living area overlook the canal with large impact sliders leading out the patio area which is perfect for outdoor entertaining and grilling up your fresh catch of the day. The open ocean or gulf is just a 5-minute boat ride away. The master with a private entrance includes an ensuite updated bathroom. Ideally located in Key Colony Beach where multiple activities and amenities await, all within walking distance: full-service marina, restaurants, park, post office, golf, tennis, basketball, bocce ball, pickle ball or horseshoe.

More Information MLS# 604937

Contract Information

Current Price: $835,000 Listing Date: 2023-04-14 Listing Board: Key West Association Sold Price: $835,000 As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: Yes

Location Tax Legal

Street #: 581 Street Name: 8Th Street Suffix: Street Key/Island: Key Colony State/Province: FL Zip Code: 33051 County: Monroe Subdivision: Key Colony Bch 1st Addn Amd Plat (53.5) Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony

General Property Description

Realtor.COM Type: Residential - Single Family Style: Half Duplex Waterfront: Yes Control Depth: 4 Pool: No Year Built: 1974 Lot SqFt: 4125 Living Apx SqFt: 1439 SqFt Source: Property Data Card Total Bedrooms: 3 Full Baths: 2 Total Baths: 2 Rentals Allowed: Yes Min Rental Days: 7

Status Change Info

Sold Date: 2023-07-14 Sold Price: $835,000 Status: Closed

Association Info

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

Dockage

Dock Length: 37 Dock: Concrete

Building Style

Above Flood: Yes

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Canal Front Waterview: Canal View Property Condition: Updated/Remodeled Building Style: Ground Level Vehicle Storage: Off Street Parking; RV Parking Open; Trailer Storage Furnished: Furnished; Negotiable Cooling: Ceiling Fans(s); Central Air Heating: Central; Ductless Utilities: Buyer to Verify; FKAA; Municipal Sewer Interior Features: Bar; Drapes/Blinds Incl; Granite Counter Top; Smoke Alarms Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Washer Construction: CBS Shutters: Accordion Floor: Tile Roof: Tar/Gravel Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Cash; Conventional Title: Title Ins - Buyer
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: September - 24 - 2025
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