581 8th Street

Key Colony, FL 33051 / Key Colony Bch 1st Addn Amd Plat (53.5)

MLS ID# 604936 Active
Duplex

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$1,800,000

6 beds

4 baths

******** Garage

2895 sqft

0.19 acres

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• Description
• Location, Tax & Legal
• General Property Description
• Details

Description

Priced to sell, as this property is currently one of the best values in Key Colony Beach in terms of costs per square foot. This is your opportunity to own a dual income producing property in paradise! Whether you are operating both units as separate vacations rentals or living in one unit yourself and renting out the other, it's win/win. Currently both units are active vacation rentals that carry the coveted Cabana Club membership for you or your guests to enjoy. Another advantage is that this property is situated above flood! Each unit includes 3 bedrooms, 2 full baths, granite counters and a 37.5-foot dock. The kitchen and living areas overlook the canal with large impact sliders leading out the patio which is perfect for outdoor entertaining. Each master has its own private outdoor access and ensuite bathroom. This property is situated in Key Colony Beach where a myriad of activities and amenities await, all within walking distance: full-service marina, restaurants, park, post office, golf, tennis, basketball, bocce ball, pickle ball or horseshoe. Don't miss the chance to take advantage of the flexibility that this multi-family building has to offer! Please note this listing is for both 581 and 591 8th street. (N 1/2 LOT 25 BK 9 KEY COLONY BEACH FIRST ADDN AMD PLAT PB4-11 SHELTER KEY OR1486-1327/32AFF OR1486-1333 OR3045-1895 OR3131-0248). Priced to sell, as this property is currently one of the best values in Key Colony Beach in terms of costs per square foot. This is your opportunity to own a dual income producing property in paradise! Whether you are operating both units as separat... show more

Location, Tax & Legal

• Street # 581
• Street Name 8Th
• Street Suffix Street
• Key/Island Key Colony
• City KEY COLONY
• State/Province FL
• Zip Code 33051
• Off Shore Island No
• County Monroe
• Subdivision Key Colony Bch 1st Addn Amd Plat (53.5)
• Mile Marker 53.5
• Area 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
• Marathon Neighborhood Marathon East - Gulf (Airport to Vaca)
• Side Median
• Flood Zone AE
• Alternate Key # 1080497
• Add'l Parcel #1 00075030-000100
• Zoning R-2A - Key Colony Two Family
• Deed Restrictions No
• Taxes 5176.13
• Tax Year 2021
• Pub Sewer HkUp Yes

General Property Description

• Realtor.COM Type Multi-family
• Style Duplex
• Waterfront Yes
• Control Depth 4
• Pool No
• Year Built 1974
• Total Units 0
• Lot SqFt 8250
• Living Apx SqFt 2895
• SqFt Source Property Data Card
• Total Bedrooms 6
• Full Baths 4
• Half Baths 0
• Total Baths 4
• Rentals Allowed Yes
• Min Rental Days 7

Details

• Association Info

  No Mandatory Home Owners Asc, No 1st Right of Refusal, Association Fee $:0

• Fee Includes

  None

• Tax Exemptions

  None

• Waterfront

  Canal Front

• Waterview

  Canal View

• Dockage

  Dock Length:75, Dock:Concrete

• Property Condition

  Updated/Remodeled

• Building Style

  Above Flood, Ground Level

• Vehicle Storage

  Off Street Parking, RV Parking Open, Trailer Storage

• 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

• Windows/Doors

  Impact Rstnce Window, Single Hung Windows

• Shutters

  Accordion

• Floor

  Tile

• Roof

  Tar/Gravel Roof

• Pets

  Pets Allowed

• Land Size

  Less Than 1/4 Acre

• Terms

  Cash, Conventional

• Show

  Call List Agent, Sign on Property

• Financial Status

  No Bank Owned, No Potential Short Sale