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340 E Ocean Drive Key Colony Beach, FL $ 1,550,000
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$ 1,550,000 Get more info
340 E Ocean Drive
$ 1,550,000
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340 E Ocean Drive

Key Colony Beach, FL
$ 1,550,000
Bedrooms5 Baths3.0 Sq 2,918

Monthly Estimate*

$ 9,544

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Single Family Home for sale in Key Colony Beach, FL

for $1,550,000 with 5 bedrooms and 3 full baths. This 2,918 square foot home was built in 1986 on a lot size of 0.13.

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. Buyer and buyers agent to verify all info

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Single Family Active

Price

$ 1,550,000

Bedrooms

5

Full Bath

3

Property Type

Single Family

Taxes

$ 9,735

Style

Lot Size

0.13

Year Built

1986

Town/City

Key Colony Beach

County/Region

Monroe

MLS | Web ID

B26002035
Features
General
Sewer Public Sewer
Heating Floor Furnace
Cooling Central Air Ceiling Fan(s)
Utilities Electricity Connected Sewer Connected Water Available
Possession Close Of Escrow
Roof Metal
Appliances Dryer Dishwasher Electric Water Heater Microwave Oven Refrigerator Water Heater Washer
Patio/Porch Features Covered Deck Open Porch Balcony
Construction Materials Frame
Pets Allowed No Pet Restrictions Yes
Year Built 1986
View Canal Ocean
Stories Count 2
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Waterfront Features Canal Access Canal Front Ocean Access
Accessibility None
County Monroe
New Construction false
Property Type Residential
Subdivision Name KEY COLONY BEACH
Facing Direction North
Garage Y/N false
Total Rooms 3
Full Baths 3
Status Active
City Key Colony Beach
Senior Community Y/N false
MLS Area 5940 - Other Florida County
Carport Y/N false
Tax Annual Amount 9735.95
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/340-E-Ocean-Drive-Key-Colony-Beach-FL/unbranded
Standard Status Active
Property Sub Type Additional Single Family Residence
Legal Description BK 3 LT 45 KEY COLONY BEACH PB3-120 SHELTER KEY OR506-1061 OR561-541 OR914-2331/34 OR919-1850/51 OR919-1852 OR929-1399 OR929-1400 OR929-1401
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Interior
Interior Amenities Cathedral Ceiling(s) Dining Area Separate/Formal Dining Room High Ceilings Kitchen Island Kitchen/Dining Combo Living/Dining Room Main Level Primary Storage Vaulted Ceiling(s)
Flooring Vinyl
Furnished Y/N Furnished
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Window Features Storm Window(s)
Fireplace Y/N false
Half Baths 0
Laundry Features Lower Level
Total Bedrooms 5
Main Level Bedrooms 5
Main Level Bathrooms 3
Total Baths 3
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Exterior
Exterior Amenities Balcony Outdoor Living Area
Parking Features Concrete
Lot Features < 1/4 Acre
Water Source Public
Total Parking 4
Lot Size Area 5859
Foundation Details Pillar/Post/Pier
Building Area Total 3712
Lot Size Acres 0.13
Frontage Length 50.00
Frontage Type Waterfront
Waterfront Y/N true
Covered Spaces 0
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* Excluded Features
List By
Jennifer Hamill

Listing Agent

Affordability Calculator

$10,355
Per Month
92%
8%
0%
Monthly Principal & Interest
$9,544
Monthly Property Taxes
$811
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
Date Price Price Change Description
3/14/2026 $1,550,000 Listed Price

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340 E Ocean Drive, Key Colony Beach, FL, is a Single Family Home for sale at $1,550,000 with 2,918 sqft and a lot size of 0.13. 340 E Ocean Drive has 5 bedrooms, 3.0 baths, and was built in 1986. The property's zip code is which is in Key Colony Beach, FL

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