721 W Ocean Drive, KEY COLONY, FL

$8,750,000

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91,650

Square feet

About 721 W Ocean Drive

Discover endless possibilities with this prime vacant land parcel nestled in the heart of the Florida Keys! Spanning 2.10+/- acres (approx. 91,650+/- SF) of land with an additional 1.9+/- acres (approx. 85,000+/- SF) of adjacent bay bottom, this captivating oceanfront property presents an idyllic setting for a luxurious estate or a multi-unit development with up to 24 units. The possibility also exists to sub-divide the lot into three parcels. Permit is currently in place to rebuild the pier. Key Colony Beach epitomizes tranquility and serenity. Its prime location offers sweeping views of the Atlantic Ocean and seamless access to some of the best fishing, boating, and diving in the world. This blank canvas awaits your vision to create a masterpiece within this enchanting seaside community.

Features of 721 W Ocean Drive

MLS® # 604581
Price $8,750,000
Square Footage 91,650
Type Vacant Land
Status Active

Community Information

Address 721 W Ocean Drive
Area 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
Subdivision Stevens Sub (53.5)
City KEY COLONY
County Monroe
State FL
Zip Code 33051

Amenities

Utilities Electric on Site, Sewer, Water Line
View Open Water View, Ocean View
Is Waterfront Yes
Waterfront Oceanfront

Exterior

Lot Description 2 Less Than 5 Acres

Additional Information

Date Listed March 15th, 2023
Days on Market 338
Zoning R-3 - Multi Unit Res
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentAudrey Ross
OfficeCompass FLORIDA

Listing Map

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