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$1,225,000
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Property Description
A TRANSIENT LICENSED vacation rental located in the heart of Old Town Key West, the X flood zone and just 2.5 blocks from world famous Duval Street. The transient license allows for nightly rentals. A savvy investor could pounce on this rare opportunity to own a well-managed income producing property with excellent history & immediate income. Unit 6, aka Hidden Oasis, is 1 of only 11 units within the coveted enclave known as The Colony which features a large heated community pool, shared off-street parking and a gated entry to the pool area & the unit, all managed by the HOA. Hidden Oasis has a prime location within the community tucked into the back left corner with an entry deck and an abundant private rear deck that includes exclusive use of umbrella seating for 4, a propane grill, a full size washer & dryer and an outdoor shower stall. This well maintained unit has an updated kitchen, bathroom and mini-split air conditioning. The living area is light & airy with transom windows, vaulted ceilings and a well-appointed open kitchen. The spacious bedroom features a king sized bed, tropical décor and access to the front deck. Pride of ownership is obvious when you review the recent history of this owner managed HOA. The community pool was resurfaced in 2021, all buildings had new metal roofs installed in 2023 and all buildings were termite tented August 2026. Take advantage of this rare opportunity for an excellent Key West investment with an owner use option. With local property management & HOA management already in place, Hidden Oasis makes for an immediate complete turnkey 'hands-free' vacation rental ownership choice for a remote owner. Sold furnished with future bookings.
Full Property Details
Full Property Details for 714 Olivia St # 6
General
- Price: $1,225,000
- HOA FEE: $833/month
- HOA FEE FREQ.: Quarterly
- Taxes: $5,611 (2025)
- Status: Active
- Type: Condo
- Source: 927
- MLS ID: 621189
- Updated: 9/3/2026
- Added to Site: 33 day(s) ago
Interior
- Interior Features: Quartz Countertops, Smoke Alarms, Window Treatments
- Appliances: Stainless Steel Appliance(s), Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
Additional Information
- Shared Amenities: Pool
- Pool: Yes
- Pool Description: Concrete, Heated, In Ground, Decked
Exterior
- Exterior Features: Rain Gutters, Fencing, Outdoor Shower
- Deck/Patio: Deck
- Porch/Patio/Deck: Deck
Location
- Area: 02 - Key West
- County: Monroe
- Subdivision: Old Town - Unlisted (1.0)
- Driving Directions: Truman Ave to Elizabeth, turn North, turn right onto Olivia...on the right in the 700 block. Street parking for showings please.
Community
- Association: Yes
- Assoc. Fees Include: Bldg Exterior Mnt, Building Insurance, Common Area Mnt, Sewer, Water
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ductless, Ceiling Fans(s)
Structural Information
- Architectural Style: Above Flood
- Construction Status: Updated/Remodeled
- Construction: Frame
- Roof: Metal
- Windows/Doors: French Doors
- Square Feet: 475
- Sq. Ft. Source: Property Data Card
- Year Built: 1943
- Property Condition: Updated/Remodeled
Lot Features
- Property View: No Waterview
- Zoning: HHDR - Historic High Density Residential
Water Features
- Water View: Yes
Financial Considerations
- Association Fee: Yes
- Association Fee: $2,500
- Assoc Fee Freq.: Quarterly
- Tax Amount: $5,611.45
- Tax Year: 2025
Disclosures and Reports
- Legal Description: Unit 6 The Colony Condominium Or2051-920 Or2103-519/21 Or2299-1634 Or3130-0105 Or3135-1923
- Flood Zone: X, 0.2 PCT
- APN: 20460000106
Listed by Key West Sales, LLC, Caroline Bauer (305) 731-3926
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Schools
Schools serving 714 Olivia St # 6
School District:Monroe County School District, Middle Torch Key, FL
| Name | Grades | Distance |
|---|---|---|
Horace O'bryant School 1105 Leon Street, Key West, FL 33040 | 6-8 | 0.7 mi |
Key West High School 2100 Flagler Avenue, Key West, FL 33040 | 9-12 | 1.3 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 714 Olivia St # 6
Date
Details
Price
Change
Source
9/03/2026
Listed
$1,225,000
145%
MLS
5/31/2007
Sold
$500,000
—
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 714 Olivia St # 6
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,611
20%
$784,066
35%
2024
$4,677
9%
$581,908
15%
2023
$4,278
15%
$507,517
23%
2021
$3,723
-4%
$413,261
-10%
2022
$3,871
4%
$460,389
37%
2021
$3,723
24%
$337,270
15%
2019
$2,998
-2%
$292,656
—
2018
$3,047
-2%
$292,656
—
2017
$3,095
-5%
$292,656
—
2016
$3,251
-3%
$292,656
—
2015
$3,339
-3%
$292,656
—
2014
$3,460
5%
$292,656
9%
2013
$3,285
—
$269,297
—
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 714 Olivia St # 6
714 Olivia Street # 6, Key West, FL 33040 (MLS# 621189) is a Condo property with 1 bedroom and 1 full bathroom. 714 Olivia Street # 6 is currently listed for $1,225,000 and was received on September 03, 2026. Want to learn more about 714 Olivia Street # 6? Do you have questions about finding other Condo real estate for sale in Key West? You can browse all Key West real estate or contact a Coldwell Banker agent to request more information.

