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$515,000
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Property Description
A Piece of Paradise in Key Colony Beach! This charming 2-bedroom, 1-bath home is nestled in the heart of the Florida Keys, in the highly sought-after Key Colony Beach community. Inside, you'll find tile floors, granite countertops, and impact-rated windows and doors for peace of mind. Step outside to your lush backyard -- perfect for relaxing or entertaining guests. Enjoy exclusive access to the Cabana Club, complete with a beach, pool, and dining. Added bonus: this home boasts a strong rental history, making it not only an island retreat but also a smart investment opportunity.
Full Property Details
Full Property Details for 251 2nd St
General
- Price: $515,000
- Taxes: $5,045 (2024)
- Status: Active
- Type: Duplex
- Source: 927
- MLS ID: 616639
- Updated: 5/13/2026
- Added to Site: 241 day(s) ago
Interior
- Interior Features: Granite Counter Top, Window Treatments
- Appliances: Stainless Steel Appliance(s), Dishwasher, Dryer, Freezer, Ice Machine, Microwave, Oven, Refrigerator, Washer
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: Laundry Room
Additional Information
- Shared Amenities: Other Area Features, Bike Paths, Beach, Tennis Court(s)
- Security/Safety: Patrolled Area
Exterior
- Exterior Features: Fencing
- Deck/Patio: Patio
- Porch/Patio/Deck: Patio
Location
- Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
- County: Monroe
- Subdivision: Key Colony Bch Yacht (53.5)
Community
- Assoc. Fees Include: None
- Pets Allowed: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fans(s)
- Heating Type: Central
Structural Information
- Architectural Style: Above Flood
- Construction: CBS
- Roof: Tar/Gravel
- Windows/Doors: Impact Rstnce Window
- Square Feet: 750
- Sq. Ft. Source: Property Data Card
- Year Built: 1972
Lot Features
- Property View: No Waterview
- Lot Size (Acres): 0.08
- Lot Size (Sq. Ft.): 3,300
- Zoning: R-2A - Key Colony Two Family
Water Features
- Water View: Yes
Financial Considerations
- Tax Amount: $5,045
- Tax Year: 2024
- Terms: Cash, Conventional
Listed by Keller Williams Capital Realty - Coral Gables, Maria Acosta (305) 322-1973
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Schools
Schools serving 251 2nd St
School District:Monroe County School District, Middle Torch Key, FL
| Name | Grades | Distance |
|---|---|---|
Stanley Switlik Elementary School 3400 Overseas Highway, Marathon, FL 33050 | PK-5 | 5.1 mi |
Marathon School 350 Sombrero Beach Road, Marathon, FL 33050 | 6-12 | 4.2 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 251 2nd St
Date
Details
Price
Change
Source
12/10/2025
Price Reduced
$515,000
-4.1%
MLS
11/02/2025
Price Reduced
$537,000
-2.36%
MLS
10/10/2025
Price Reduced
$550,000
-4.35%
MLS
9/28/2025
Listed
$575,000
-0.69%
MLS
3/29/2022
Sold
$579,000
—
Public Record
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
Tax History for 251 2nd St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,256
—
$486,475
—
2024
$5,256
4%
$488,054
4%
2023
$5,049
61%
$470,452
77%
2021
$3,127
-7%
$265,118
-14%
2022
$3,348
7%
$309,735
31%
2021
$3,127
19%
$237,097
5%
2019
$2,638
—
$224,768
-4%
2018
$2,647
7%
$234,004
-3%
2017
$2,475
4%
$241,852
10%
2016
$2,372
5%
$219,836
25%
2015
$2,268
14%
$175,811
10%
2014
$1,987
14%
$159,829
36%
2013
$1,741
—
$117,641
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 251 2nd St
251 2nd St, Key Colony, FL 33051 (MLS# 616639) is a Duplex property with 2 bedrooms and 1 full bathroom. 251 2nd St is currently listed for $515,000 and was received on September 28, 2025. Want to learn more about 251 2nd St? Do you have questions about finding other Duplex real estate for sale in Key Colony? You can browse all Key Colony real estate or contact a Coldwell Banker agent to request more information.

