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721 W Ocean Drive, KEY COLONY, FL

$9,750,000 - $9.8M Price - 91,650 Sqft - 304 DOM

Whether you are looking for ocean front land for a large estate, a compound or multi-unit development, don't miss this once-in-a-lifetime opportunity for ocean front acreage in Key Colony Beach. This property consists of 2.10 Acres or 91,650+/- SF of upland area and is vested with 22 residential development rights with the potential of 27 units. The site also contains approximately 82,961+/- SF of adjacent bay bottom. Originally built in 1964, the Oceanfront Apt. complex is now ready for re-development.

Essential Information

For 721 W Ocean Drive, KEY COLONY, FL
  • MLS® # 594413
  • Price $9,750,000
  • Square Footage 91,650
  • Type Vacant Land
  • Status Kick-out

Community Information

For 721 W Ocean Drive, KEY COLONY, FL
  • Address 721 W Ocean Drive
  • Subdivision Stevens Sub (53.5)
  • City KEY COLONY
  • County Monroe
  • State FL
  • Zip Code 33051

Area

For 721 W Ocean Drive, KEY COLONY, FL

17 - Vaca Cut - Both Sides Holiday Inn/Key Colony

Amenities

For 721 W Ocean Drive, KEY COLONY, FL
  • Amenities Tennis Courts, Beach
  • View Open Water View, Ocean View
  • Is Waterfront Yes
  • Waterfront Oceanfront, Open Water

Utilities

For 721 W Ocean Drive, KEY COLONY, FL

Electric on Site, Sewer, Water Meter

Exterior

For 721 W Ocean Drive, KEY COLONY, FL
  • Lot Description 2 Less Than 5 Acres

Additional Information

For 721 W Ocean Drive, KEY COLONY, FL
  • Date Listed January 29th, 2021
  • Days on Market 304
  • Zoning R-3 - Multi Unit Res
  • HOA Fees 0.00

Listing Details

For 721 W Ocean Drive, KEY COLONY, FL
  • Agent Jody Owen

Office

For 721 W Ocean Drive, KEY COLONY, FL

Berkshire Hathaway HomeServices Keys Real Estate

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