Brett Newman - Coldwell Banker Logo
$9,198,000
 $49,377 est/mo Sourced by Back At You

721 W Ocean Drive,KEY COLONY, FL 33051

KEY COLONY, FL 33051

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Description

Fantastic Oceanfront Development Opportunity in the heart of the Florida Keys! 2+ acres of prime oceanfront boasting 225' of beach front with dock permit in Key Colony Beach. A total of 3 lots with endless possibilities. Previous use was a 22 unit condominium. Or look into separating the lots to build 3 new luxury beach homes which are in very hot demand and rare to find. One house on this street sold March 2025 for $12 Million. Key Colony Beach is an upscale coastal community in the Middle Keys offering beautiful beaches, par 3 golf course, basketball, pickle and bocce ball, shopping and dining, marina, fishing charters, and 3 parks including Sunset Park where you will find Keys famous sunsets over the ocean all year long. Key Colony Beach also enjoys it's own police force and quick access to the Marathon Airport which is just minutes away.

Details

MLS #614678
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Days On Site497
Listing Provided ByColdwell Banker Schmitt Real Estate Co | Lisa H Ferringo

Features

ZoningR-3 - Multi Unit Res
Acreage2.10
Water FrontYes
Property ViewOpen Water View, Ocean

Area Information

StateFL
CountyMonroe
CityKEY COLONY
Zip Code33051
Area17 Vaca Cut Both Sides Holiday Inn | Key Colony
Community NameStevens Sub (53.5)
Listing VS Median (in Stevens Sub (53.5))
Price:
$9,198,000
low | high
Med:
$0
On site:
497
low | high
Med:
Sourced by Back At You

Market Activity 33051

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The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.

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Learn More About This Property

Brett Newman

Brett Newman

Coldwell Banker Schmitt

SL555709Global Luxury, Elite Agent Circle (305) 393-1770brett@brettnewman.com
StateFL
CountyMonroe
CityKEY COLONY
Zip Code33051
Area17 Vaca Cut Both Sides Holiday Inn | Key Colony
Community NameStevens Sub (53.5)
Listing VS Median (in Stevens Sub (53.5))
Price:
$9,198,000
low | high
Med:
$0
On site:
497
low | high
Med:
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $6.898M - $11.497M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
601 W Ocean Drive 312D Property Photo 1
$470,000
601 W Ocean Drive 312d
Key Colony, FL 33051
601 W OCEAN Drive 311D Property Photo 1
$574,000
601 W Ocean Drive 311d
Key Colony, FL 33051
601 W Ocean Drive 203A Property Photo 1
$479,000
601 W Ocean Drive 203a
Key Colony, FL 33051
601 W Ocean Drive 105D Property Photo 1
$499,000
601 W Ocean Drive 105d
Key Colony, FL 33051
601 W Ocean Drive 316-D Property Photo 1
$635,000
601 W Ocean Drive 316-d
Key Colony, FL 33051
Listing Updated: May 26, 2026 at 9:11:06 PM PDT

Brett Newman - Coldwell Banker