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340-350 Ocean Drive
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PRICED AT ONLY: $1,550,000

Address: 340-350 Ocean Drive, KEY COLONY, FL 33051

Description

Rare opportunity to own a legal duplex being sold as A Single Family Home in the heart of Key Colony Beach in the beautiful Florida Keys. Located just one street off the Atlantic Ocean, 340 350 E Ocean Drive offers exceptional space, boating access, and an amazing investment opportunity with flexibility at a competitive price designed to sell.With 5 bedrooms, 3 bathrooms, and over 2,900 sq ft of living space, this property provides the rare opportunity to own a large waterfront home while still benefiting from the layout of a legal duplex. Sold together as a single property, it offers incredible versatility for full time living, vacation use, or income producing investment.Boaters will appreciate 50 feet of dockage with dual docks, allowing space for multiple vessels and providing a quick, easy ride to the open Atlantic for world class fishing and boating.The 340 E Ocean Drive side features towering ceilings and dramatic floor to ceiling windows, filling the home with natural light while showcasing beautiful canal views from multiple areas. This side includes 3 bedrooms, 2 bathrooms, and a private balcony to enjoy the coastal breeze.The 350 E Ocean Drive side offers 2 bedrooms and 1 bathroom, along with its own private balcony overlooking the canal, the perfect spot to enjoy a morning coffee or evening sunset.Enjoy both ocean and canal views from this prime location just steps from the Atlantic. With a proven rental history, this property offers outstanding flexibility. Owners have the flexibility to live in one side and rent the other or rent both for maximum income potential.Updates include; Impact windows and doors (2021) 5V Metal Crimp Roof (2021) AC ( 2021 & 2023) New Dock Posts (2024)Competitively priced and offering size, dockage, and location, this is a standout opportunity to own a versatile waterfront property in Key Colony Beach. Call Today!

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More Like This
  • MLS#: 619018 ( Townhome )
  • Street Address: 340-350 Ocean Drive
  • Viewed: 1
  • Price: $1,550,000
  • Price sqft: $531
  • Waterfront: Yes
  • Waterfront Type: Canal Front
  • Year Built: 1986
  • Bldg sqft: 2918
  • Bedrooms: 5
  • Total Baths: 3
  • Full Baths: 3
  • Days On Market: 19

Description

Rare opportunity to own a legal duplex being sold as A Single Family Home in the heart of Key Colony Beach in the beautiful Florida Keys. Located just one street off the Atlantic Ocean, 340 350 E Ocean Drive offers exceptional space, boating access, and an amazing investment opportunity with flexibility at a competitive price designed to sell.With 5 bedrooms, 3 bathrooms, and over 2,900 sq ft of living space, this property provides the rare opportunity to own a large waterfront home while still benefiting from the layout of a legal duplex. Sold together as a single property, it offers incredible versatility for full time living, vacation use, or income producing investment.Boaters will appreciate 50 feet of dockage with dual docks, allowing space for multiple vessels and providing a quick, easy ride to the open Atlantic for world class fishing and boating.The 340 E Ocean Drive side features towering ceilings and dramatic floor to ceiling windows, filling the home with natural light while showcasing beautiful canal views from multiple areas. This side includes 3 bedrooms, 2 bathrooms, and a private balcony to enjoy the coastal breeze.The 350 E Ocean Drive side offers 2 bedrooms and 1 bathroom, along with its own private balcony overlooking the canal, the perfect spot to enjoy a morning coffee or evening sunset.Enjoy both ocean and canal views from this prime location just steps from the Atlantic. With a proven rental history, this property offers outstanding flexibility. Owners have the flexibility to live in one side and rent the other or rent both for maximum income potential.Updates include; Impact windows and doors (2021) 5V Metal Crimp Roof (2021) AC ( 2021 & 2023) New Dock Posts (2024)Competitively priced and offering size, dockage, and location, this is a standout opportunity to own a versatile waterfront property in Key Colony Beach. Call Today!
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Features
Building and Construction
  • Absolute Longitude: 81.015092
  • Construction: Frame
  • Exterior Features: Shed, Storage
  • Floor: Vinyl
  • Porchbalcony: Open Porch/Balcony, Deck
  • Roof: Metal Roof
  • Sqft Source: Tax Records
Property Information
  • Property Group Id: 19990816212109142258000000
Garage and Parking
  • Vehicle Storage Car S: 4+
  • Vehicle Storage: Open Parking
Eco-Communities
  • Water View: Canal View
Utilities
  • Cooling: Central Air
  • Heating: Forced Air
  • Pets: Pets Allowed
  • Pub Sewer Hkup: Yes
  • Utilities: FKAA, Sewer Available
  • Windowsdoors: Impact Rstnce Window, Impact Rstnce Doors
Amenities
  • Neighborhood Feature: Tennis Courts, Bike Paths, Beach
Finance and Tax Information
  • Association Info Association Fee: 0.00
  • Fee Includes: None
  • Tax Year: 2025
Rental Information
  • Min Rental Days: 7.00
  • Rentals Allowed: Yes
Other Features
  • Alternate Key Num: 1077186
  • Appliances: Washer, Microwave, Oven, Refrigerator, Dishwasher, Dryer
  • Association Info 1st Right Of Refusal: No
  • Association Info Mandatory Home Owners Asc: No
  • Deed Restrictions: Unknown
  • Dockage Dock Length: 50
  • Dockage Dock: Wood
  • Dockage: Other Dockage
  • Furnished: Furnished
  • Interior Features: Cathedral Ceilings, Window Treatments, Storage, Built-in Cabinets
  • Legal Description: BK 3 LT 45 KEY COLONY BEACH PB3-120 SHELTER KEY
  • Mile Marker: 53.50
  • Side: Ocean
  • Style: Duplex
  • Zoning: R-2A - Key Colony Two Family
Nearby Subdivisions
Key Colony Bch 1st Addn Amd Pl   Key Colony Bch Yacht (53.5)   Key Colony Beach (53.5)   Key Colony Beach Botel (53.5)   Key Colony Point (53.5)   Marina Sub (54.0)   Turtle Cay (53.5)  
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