251 2nd St, Key Colony, FL 33051 - Photo 1

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$515,000

For Sale
Active
Condo / Townhouse
2 Beds
1 Full Bath
750 Sq. Ft.

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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: Condo /Townhouse
Source: 927
MLS ID: 616639
Updated: 12/10/2025
Added to Site: 109 day(s) ago

Interior

Rooms/Areas: Laundry Room
Interior Features: Granite Counter Top, Window Treatments
Appliances: Washer, Stainless Steel Appliance(s), Ice Machine, Freezer, Microwave, Oven, Refrigerator, Dishwasher, Dryer
Furnished: Yes
Furnishings: Furnished
Flooring: Tile

Rooms

Bathrooms

Total Bathrooms: 1
Full Bathrooms: 1

Bedrooms

Total Bedrooms: 2

Additional Information

Shared Amenities: Tennis Courts, Bike Paths, Other Area Features, Beach
Security/Safety: Patrolled Area

Exterior

Exterior Features: Fencing
Deck/Patio: 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

Cooling Type: Central Air, Ceiling Fans(s)
Heating Type: Central

Utilities

Water: No Waterview
Utility Description: FKAA, Municipal Sewer

Structural Information

Architectural Style: Half Duplex
Construction: CBS
Roof: Tar/Gravel Roof
Windows/Doors: Impact Rstnce Window
Stories/Levels: 1 Story
Square Feet: 750
Sq. Ft. Source: Property Data Card
Year Built: 1972

Lot Features

Lot Size (Sq. Ft.): 3,300
Zoning: R-2A - Key Colony Two Family

Water Features

Water View: Yes
Water Front Type: None
Dock Description: None

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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Listing agent

— 251 2nd St —

Maria Acosta

Keller Williams Capital Realty - Coral Gables

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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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 251 2nd St Get Price Alerts and Save Property

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

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

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

—

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.

Estimate the Cost

Estimate the Cost for 251 2nd St

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$520,000

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Closed

3
Beds
2
Total Baths
1,075
Sq. Ft.

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Sold

$590,000

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Single Family
Closed

5
Beds
4
Total Baths
1,492
Sq. Ft.

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Sold

$520,000

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Condo
Closed

2
Beds
2
Total Baths
973
Sq. Ft.

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Sold

$525,000

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Single Family
Closed

3
Beds
912
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251 2nd St, Key Colony, FL 33051 (MLS# 616639) is a Condo / Townhouse 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 Condo / Townhouse 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.

251 2nd St Key Colony, FL 33051