571 8th Street

Key Colony Beach, FL 33051

$1,990,000
Price
5
Beds
4
Baths
2,218 Sq. Ft.
$897 / Sq. Ft.
2,218
Sq. Ft.
$897
per Sq. Ft.

Description

Introducing an exceptional income-producing, beautifully renovated FULL duplex in the exclusive Key Colony Beach--the crown jewel of the Florida Keys. Located just off the Sadowski Causeway, this barrier island offers an enviable lifestyle with private beaches, breathtaking sunset views at Sunset Park, and premier access to fishing charters, marinas, and a nine-hole golf course. Key Colony Beach even has its own post office, making life here both convenient and luxurious. This well-maintained full...Introducing an exceptional income-producing, beautifully renovated FULL duplex in the exclusive Key Colony Beach--the crown jewel of the Florida Keys. Located just off the Sadowski Causeway, this barrier island offers an enviable lifestyle with private beaches, breathtaking sunset views at Sunset Park, and premier access to fishing charters, marinas, and a nine-hole golf course. Key Colony Beach even has its own post office, making life here both convenient and luxurious. This well-maintained full duplex boasts a 75 ft. concrete dock with davits, a sparkling swimming pool, and a tiki hut bar that overlooks a wide, 90+ foot canal. Boating enthusiasts will appreciate the quick access to the ocean or bay through the nearby Vaca Cut channel. Enjoy serene water views from the expansive covered porch of the upper unit, which features 2 bedrooms, 2 bathrooms, and an open-concept living space perfect for entertaining. The lower unit is fully renovated, offering a modern white kitchen, 3 spacious bedrooms, 2 bathrooms, and a shaded lanai for outdoor relaxation. The large, fully fenced side yard is ideal for pets or boat trailer storage, with convenient access to the attached garage and ample parking for multiple vehicles. Built with solid concrete construction and topped with a newer metal roof (approx. 3 years old), this property is a true investment gem. Live in one unit and rent out the other, or maximize its potential as a highly sought-after vacation rental destination with weekly rental options in the heart of the Middle Keys. This duplex is also eligible to be subdivided into two separate parcels, offering flexible ownership opportunities. With nearby parks, beaches, and a golf course, it's the perfect blend of relaxation and adventure in one of the most desirable locations in the Florida KeysThere are special compliance document requirements for the city of Key colony Beach that relate to environmental issue We will send that on the separate cover.

Property Details for 571 8th Street

Waterfront
Canal Front
Waterfront
Yes
Zoning
R-2A - Key Colony Two Family
Subdivision
Key Colony Beach (53.5)
Directions
US1 to Causeway. Turn 1st right at end of causeway. Turn right on 8th St
Building Style
Ground Level
Vehicle Storage
Garage, Trailer Storage, Covered Parking, RV Parking Open, Off Street Parking, Guest Parking, Open Parking, Attached
Pets
Pets Allowed
LISTING UPDATED: 10/17/2024 01:21 PM

Property Details for 571 8th Street

StatusActive
MLS #611843
Days on Market14
Taxes$11,301 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Duplex
Year Built1970
Lot Size0.19 AC / 8,250 SF
CountyMonroe County

Building Information for 571 8th Street

Stories2Residences-Year Built1970Building Size-Lot Size0.19 AC / 8,250 SF

Property Information for 571 8th Street

Summary
Location and General Information
  • Waterview: Canal View
  • Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
  • Absolute Longitude: 81.022031
  • Control Depth: 4
  • Listing Board: Key West Association
  • Side: Ocean
  • Mile Marker: 53.5
  • Marathon Neighborhood: N/A
  • Neighborhood Feature: Clubhouse, Bike Paths, Beach
  • Key/Island: Key Colony
Owner
  • Owner Name: Ricardo U Aquino Ii & Barbara Ann Aquino
Taxes and HOA Information
  • Association Info: Mandatory Home Owners Asc: No
  • Association Info: 1st Right of Refusal: No
  • Fee Includes: None
  • Furnished: Partially
  • Tax Year: 2023
  • Tax Exemptions: None
Property
Lot Information
  • Acres: 0.19
  • Parcel #: 00075020-000000
  • Land Size: Less Than 1/4 Acre
Property and Assessments
  • Legal: BK 9 LT 24 KEY COLONY BEACH FIRST ADDN AMD PLAT PB4-11 SHELTER KEY OR531-482 OR936-699D/C/AFF OR1224-991 OR1280-979M/T O
  • MLS Approved: Y
  • Limited Representation: No
  • SqFt Source: Property Data Card
  • Flood Zone: AE
  • Rentals Allowed: Yes
  • Deed Restrictions: Unknown
  • Picture Count: 43
  • Document Count: 0
  • Building Style: Above Flood: No
  • Security: Patrolled Area
Utilities
  • Utilities: FKAA, Elect Separate Meter, Water Separate Meter, Municipal Sewer
  • Pub Sewer HkUp: Yes
  • Pool: Yes
  • Pool Info: Heated: No
  • Pool Info: In Ground, Fiberglass
  • Porch/Balcony: Open Porch/Balcony, Screened Patio
Interior and Exterior Features
Interior Features
  • Floor: Tile
  • Appliances: Dishwasher, Microwave, Oven, Range, Refrigerator
Exterior Features
  • Roof: Metal Roof
  • Dockage: Dock Length: 75
  • Dockage: Dock: Concrete
  • Dockage: Seawall: Concrete
  • Construction: CBS
  • Dockage: Davits
  • Exterior Features: Chickee Hut, Storage
  • Windows/Doors: Single Hung Windows, Impact Rstnce Window, Sliding Glass Doors
Room Information
  • Specialty Rooms: Other

Property History for 571 8th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 571 8th Street

Taxable ValueLand$862,125Additions$353,359Total$1,215,484
Tax Record2023$11,301 ($942 / month)
Home Facts
Baths3Total Finished SqFt2,218 SqFtAbove Grade Finished SqFt2,218 SqFtStories2Lot Size8,250 SqFtStyleMulti-Family Dwelling (2-4)Year Built1970Year Renovated2005CountyMONROEAPN00075020-000000

Schools near 571 8th Street

This home is within Monroe.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Charter - PK to 5
Charter - PK to 8
Rating
School
Distance
Stanley Switlik Elementary School
PublicPK to 5

Marathon School
Public6 to 12

Big Pine Academy
CharterPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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571 8th Street is a multi-family home for sale in Key Colony Beach, FL 33051. This property was listed for sale on October 17, 2024 by Keller Williams Key West Compass Realty, it's currently listed at $1,990,000. It has been on the market for a total of 14 days and was last sold on March 28, 2023. This listing's school district is Monroe. Nearby schools include Stanley Switlik Elementary School, Marathon School and Big Pine Academy. 571 8th Street is a 5-bed, 4-bath, 2,218 sqft multi-family home built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Keller Williams Key West Compass Realty

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.