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$1,500,000

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 2 Full Baths
  • 1,646 Sq. Ft.
  • Updated 3 hours ago
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Welcome to your slice of paradise in the heart of the Florida Keys. This Conch-style home is tucked away on a wide, clear, deep-water canal just 5 minutes from the crystal blue Atlantic Ocean. Boaters and anglers alike, will love the 60 ft concrete dock with boat lift-ideal for easy ocean access and unforgettable adventures on the water. World-class fishing, diving, snorkeling, and marine wildlife encounters all begin at your dock. Entertain in island style on the decked pool area, huge tiki hut, and screened patio perfect for relaxing or hosting. The interior boasts a huge, updated kitchen with tons of cabinetry, seamlessly flowing into an open living, dining, and kitchen area with views of the screened patio, Tiki Hut and pool. Enjoy resort-like living on Key Colony Beach with access to incredible amenities: golf, marina, pickleball, tennis, horseshoes, bocce ball, basketball, playgrounds, and Sunset Oceanfront Park. Everything you need is within reach-restaurants, shopping, post office, police & building departments, and 15 streets to walk, jog or bike. No problem getting here, only 3 miles to Marathon's Airport, 53 miles to Key West International Airport, 108 miles to Miami International Airport, and 139 miles to Ft Lauderdale Airport. Whether you're seeking a full-time residence, vacation retreat, or investment property, this home captures the best of island living in one perfect package.

Full Property Details for 351 5th St

General

  • Price: $1,500,000
  • Taxes: $11,468 (2024)
  • Status: Active
  • Type: Single Family
  • Source: 927
  • MLS ID: 615786
  • Updated: 5/13/2026
  • Added to Site: 307 day(s) ago

Interior

  • Interior Features: Dade County Pine, Sky Light(s), Window Treatments
  • Appliances: Stainless Steel Appliance(s), Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: Laundry Room

Additional Information

  • Shared Amenities: Community Boat Ramp, Bike Paths, Beach, Tennis Court(s), Airport/Runway
  • Pool: Yes
  • Pool Description: Heated, In Ground, Fiberglass, Decked
  • Security/Safety: Patrolled Area

Exterior

  • Exterior Features: Chickee Hut, Fencing, Privacy Wall/Fence
  • Deck/Patio: Screened Patio, Deck, Patio
  • Porch/Patio/Deck: Screened Patio, Deck, Patio

Parking

  • Garage: Yes
  • Parking Features: Guest, Off Street

Location

  • Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
  • County: Monroe
  • Subdivision: Key Colony Beach (53.5)
  • Driving Directions: Overseas Hwy Mile Marker 53.5 turn at light onto Sadowski / KCB Causeway and bear left onto E. Ocean Dr. Turn Left onto 5th Street follow to #351 on your left

Community

  • Assoc. Fees Include: None
  • Pets Allowed: Yes

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Ductless, Central Air, Ceiling Fans(s)

Structural Information

  • Architectural Style: Above Flood
  • Construction Status: Updated/Remodeled
  • Construction: CBS
  • Roof: Tar/Gravel
  • Windows/Doors: Impact Rstnce Doors, Impact Rstnce Window, Sliding Glass Doors
  • Square Feet: 1,646
  • Sq. Ft. Source: Property Data Card
  • Year Built: 1958
  • Property Condition: Updated/Remodeled

Lot Features

  • Property View: Canal
  • Lot Size (Acres): 0.15
  • Lot Size (Sq. Ft.): 6,600
  • Zoning: R-1B - Key Colony Single Family

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Canal Front

Financial Considerations

  • Tax Amount: $11,468.37
  • Tax Year: 2024

Disclosures and Reports

  • Legal Description: BK 5 LT 15 KEY COLONY BEACH PB3-120 SHELTER KEY OR450-589 OR825-550 OR844-1964/65 OR854-2185 OR1515-2052 OR1515-2053/54
  • Flood Zone: AE
  • APN: 00073750-000000

Listed by Ocean Sotheby's International, Karen D Raspe (305) 393-9010

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Listing agent

— 351 5th St —

  • Karen D Raspe

    Ocean Sotheby's International

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 351 5th St

School District:Monroe County School District, Middle Torch Key, FL
NameGradesDistance
Stanley Switlik Elementary School
3400 Overseas Highway, Marathon, FL 33050
PK-54.9 mi
Marathon School
350 Sombrero Beach Road, Marathon, FL 33050
6-124 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 351 5th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/10/2025
Listed
$1,500,000
30.43%
MLS
6/02/2021
Sold
$1,150,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 351 5th St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,468
—
$1,045,208
-13%
2024
$11,468
5%
$1,204,789
-2%
2023
$10,910
53%
$1,229,348
85%
2021
$7,113
-24%
$663,963
-28%
2022
$9,318
31%
$922,845
52%
2021
$7,113
8%
$605,166
-4%
2019
$6,565
4%
$631,331
1%
2018
$6,288
4%
$627,995
-2%
2017
$6,047
3%
$641,681
6%
2016
$5,844
10%
$606,618
22%
2015
$5,293
7%
$499,109
10%
2014
$4,948
8%
$453,736
10%
2013
$4,594
—
$412,488
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Ocean Sotheby's International, Karen D Raspe (305) 393-9010

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351 5th Street, Key Colony Beach, FL 33051 (MLS# 615786) is a Single Family property with 2 bedrooms and 2 full bathrooms. 351 5th Street is currently listed for $1,500,000 and was received on July 10, 2025. Want to learn more about 351 5th Street? Do you have questions about finding other Single Family real estate for sale in Key Colony Beach? You can browse all Key Colony Beach real estate or contact a Coldwell Banker agent to request more information.

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