721 W Ocean Drive, Key Colony, FL 33051

$9,198,000

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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.

Location
Subdivision	Stevens Sub (53.5)
County	Monroe
Elementary School	-
Middle School	-
High School	-

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MLS number: 614678

Listing agent: Lisa H Ferringo #605677

Listing broker: Coldwell Banker Schmitt Lower Keys (Kw) (305) 872-3050

Copyright © 2025 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Friday, April 18 2025 at 3:06 p.m. EDT

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