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721 W Ocean Drive

Key Colony Beach, FL

$9,198,000

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Bedroom

-

Bath

-

Year Built

-

Size

2 acres

Land
Property Type

Land

Property Description

Exceptional oceanfront investment 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. Weekly rentals are allowed here, adding incredible income potential. One house on this street sold in 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 its own police force and quick access to the Marathon Airport which is just minutes away.

Property Details

Property ID

22293

Price

$9,198,000

Property Size

2 acres

Bathrooms

-

Year Built

-

Property Type

Land

Property Status

FOR SALE

Bedrooms

-

Address

Address

Map Address

City

State

Area

721 W Ocean Dr, Key Colony Beach, FL 33051

721 W Ocean Dr, Key Colony Beach, FL 33051

Key Colony Beach

FL

FL

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