340-350 E Ocean Drive, Key Colony, FL

$1,550,000

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5

Beds

3

Baths

2,918

Square feet

About 340-350 E Ocean Drive

Investors! Full Duplex! Own both sides! This is rare opportunity to own a legal duplex being sold 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. Head over to the Cabana Club which is just steps away, for some fun in the sun! 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

Features of 340-350 E Ocean Drive

MLS® # 619018
Price $1,550,000
Bedrooms 5
Bathrooms 3.00
Full Baths 3
Square Footage 2,918
Year Built 1986
Type Residential
Sub-Type Duplex
Status Active

Community Information

Address 340-350 E Ocean Drive
Area 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
Subdivision Key Colony Bch Yacht (53.5)
City Key Colony
County Monroe
State FL
Zip Code 33051

Amenities

Amenities Beach, Bike Paths
Utilities FKAA, Sewer Available
Parking Spaces 4
Parking Open Parking
View Canal View
Is Waterfront Yes
Waterfront Canal Front
Has Pool No

Interior

Interior Features Cathedral Ceilings, Built-in Cabinets, Storage, Window Treatments
Appliances Washer, Dryer, Dishwasher, Refrigerator, Oven, Microwave
Heating Forced Air
Cooling Central Air
Fireplace No
Has Basement No

Exterior

Exterior Features Shed, Storage
Lot Description Less Than 1/4 Acre
Windows Impact Rstnce Window, Impact Rstnce Doors
Roof Metal Roof
Construction Frame

Additional Information

Date Listed March 11th, 2026
Days on Market 60
Zoning R-2A - Key Colony Two Family
Short Sale No
RE / Bank Owned No

Listing Details

AgentJennifer Hamill
OfficeColdwell Banker Schmitt Real Estate Co.

Listing Map

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