340-350 E Ocean Drive, Key Colony Beach, FL 33051
Local realty services provided by:Better Homes and Gardens Real Estate Destinations
340-350 E Ocean Drive,Key Colony, FL 33051
$1,550,000
- 5 Beds
- 3 Baths
- 2,918 sq. ft.
- Multi-family
- Active
Listed by: jennifer hamill
Office: coldwell banker schmitt real estate co.
MLS#:619018
Source:FL_FKBOR
Price summary
- Price:$1,550,000
- Price per sq. ft.:$531.19
About this home
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...
Contact an agent
Home facts
- Year built:1986
- Listing ID #:619018
- Added:63 day(s) ago
- Updated:June 29, 2026 at 02:59 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Kitchen Description:Built-in Cabinets
- Living area:2,918 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
Structure and exterior
- Year built:1986
- Building area:2,918 sq. ft.
- Lot area:0.13 Acres
- Construction Materials:Frame
- Exterior Features:Shed, Storage
Finances and disclosures
- Price:$1,550,000
- Price per sq. ft.:$531.19
- Tax amount:$9,835
Features and amenities
- Amenities:Built-in Cabinets, Cathedral Ceilings, Storage, Window Treatments
Parking
- Parking description:Open
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