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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
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.
