Beach Homes Realty
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Waterfront

340-350 e ocean drive

Key Colony, FL 33051

$1,550,000

5 BEDS 3 BATHS
2,918 SQFT
Residential - Single Family
Waterfront
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Bedrooms 5
Total Baths 3
Full Baths 3
Square Feet 2918
Status Active
MLS # 619018
County Monroe
More Info
Category Residential - Single Family
Status Active
Square Feet 2918
MLS # 619018
County Monroe
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 Colony
Location not available
Listing
Street
Satellite

Exterior Features

  • Style Duplex
  • Construction Duplex
  • Siding Frame
  • Exterior Shed, Storage
  • Roof Metal Roof
  • Garage No
  • Water FKAA, Sewer Available
  • Sewer FKAA, Sewer Available

Interior Features

  • Appliances Washer, Microwave, Oven, Refrigerator, Dishwasher, Dryer
  • Heating Forced Air
  • Cooling Central Air
  • Living Area 2,918 SQFT
  • Year Built 1986

Financial Information

  • Parcel ID 1077186
  • Zoning R-2A - Key Colony Two Family

Additional Services

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Listing Information

Listing Provided Courtesy of Coldwell Banker Schmitt Real Estate Co.
Listing Agent Jennifer Hamill
Florida Keys, MLS
Listing data is current as of 07/06/2026.

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