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721 W Ocean Dr, Key Colony, FL 33051
$8,750,000
721 W Ocean Dr, Key Colony, FL 33051View this property at 721 W Ocean Dr, Key Colony, FL 33051
721 W Ocean DrKey ColonyFL33051
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Property Description
Discover endless possibilities with this prime vacant land parcel nestled in the heart of the Florida Keys! Spanning 2.10+/- acres (approx. 91,650+/- SF) of land with an additional 1.9+/- acres (approx. 85,000+/- SF) of adjacent bay bottom, this captivating oceanfront property presents an idyllic setting for a luxurious estate or a multi-unit development with up to 24 units. The possibility also exists to sub-divide the lot into three parcels. Permit is currently in place to rebuild the pier. Key Colony Beach epitomizes tranquility and serenity. Its prime location offers sweeping views of the Atlantic Ocean and seamless access to some of the best fishing, boating, and diving in the world. This blank canvas awaits your vision to create a masterpiece within this enchanting seaside community.
Full Property Details
Full Property Details for 721 W Ocean Dr
General
- Price: $8,750,000
- Taxes: (2023)
- Status: Active
- Type: Residential Lots
- MLS ID: A11357703
- Updated: 4/26/2024
- Added to Site: 413 day(s) ago
Location
- Area: Key Colony
- County: Monroe County
- Subdivision: Key Colony
- Building Name: Key Colony
- Direction Faces: East
Community
- Community Name: Key Colony
Utilities
- Sewer: Other
- Water: Municipal Water
- Utility Description: Electricity Connected, Sewer Connected, Water Connected, Electricity Available, Sewer Available, Water Available
Structural Information
- Structure Type: Residential
- Detached/Attached: Detached
- Current Bldg. Use: Residential, Other Usage
Additional Structures
- Other Structures: None
Lot Features
- Property View: Direct Ocean, Ocean View
- Lot Size (Acres): 91,650
- Lot Size (Sq. Ft.): 91,650
- Frontage Feet: 225
- Street/Road Desc.: Paved
- Lot Features: City Location, Lot Located In A Flood Zone, Dirt, Build To Suit
- Development Status: Recorded Plat
- Trees/Vegetation: Other Trees, Weeds
- Zoning: Multi or SF
Water Features
- Water Front: Yes
- Water Front Desc.: Ocean Access, Ocean Front
Financial Considerations
- Tax Year: 2023
- Terms: All Cash, Conventional
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Documents Avail.: Survey Available
- Legal Description: LT 6 AMENDED & EXTENDED PLAT OF STEVENS SUBDIVISION SHELTER KEY PB4-8 OR153-186 OR346-349/350 OR380-383 OR540-809 OR633-42 OR659-873 OR672-2
- Inclusions: Other, Private Dock, Beach Access, Private Dock
- Property ID: 00078380-000000
Listed by Compass Florida LLC
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Schools
Schools serving 721 W Ocean Dr
School District:Monroe County School District
Rating | Name | Grades | Distance |
---|---|---|---|
3400 Overseas Hwy, Marathon, FL 33050 | PK-5 | 4.7 mi | |
350 Sombrero Beach Rd, Marathon, FL 33050 | 6-12 | 3.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 721 W Ocean Dr
Date
Details
Price
Change
Source
3/13/2023
Listed
$8,750,000
—
MLS
Disclaimer: Historical sales 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 721 W Ocean Dr
721 W Ocean Dr, Key Colony, FL 33051 (MLS# A11357703) is a Residential Lots property with a lot size of 91650 acres. 721 W Ocean Dr is currently listed for $8,750,000 and was received on March 13, 2023. Want to learn more about 721 W Ocean Dr? Do you have questions about finding other Residential Lots 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.