721 W Ocean Drive $9,750,000

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    721 W Ocean Drive Key Colony, FL 33051

    • Commercial
    • MLS# 594399
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    Views: 21 Days On Site: 143

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    Property Details

    Whether you are looking for ocean front land for a large estate, a compound or multi-unit development, don't miss this once-in-a-lifetime opportunity for ocean front acreage in Key Colony Beach. This property consists of 2.10 Acres or 91,650+/- SF of upland area and is vested with 22 residential development rights with the potential of 27 units. The site also contains approximately 82,961+/- SF of adjacent bay bottom. Originally built in 1964, the Oceanfront Apt. complex is now ready for re-development.

    • General Features
      • Land Size 2 Less Than 5 Acres
      • Building Square Footage 0
      • For Sale or Lease For Sale
      • Type 3
      • Style Commercial
      • As Is Right to Inspect Yes
      • Fee Includes None
      • Subdivision Stevens Sub (53.5)
      • Miscellaneous Fencing, Pool
      • Potential Short Sale No
      • Bank Owned No
      • Terms Buyer Obtain Finance
      • Taxes $0
      • Tax Year 0
      • Deed Restrictions Unknown
    • Building Features
      • Appliances No Appliances
    • Property Features
      • Dockage None
      • Side Ocean
      • Water View Ocean View, Open Water View
      • Waterfront Property Yes
      • Waterfront Type Oceanfront, Open Water
      • Utilities Buyer to Verify

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    Neighborhood

    33051 (Key Colony) Demographics

    64 Median Age
    1,593 Population Density (per sq. mile)
    50% College Educated
    $65,147 Estimated Median Income
    238 Estimated Total Home Owners
    128 Estimated Total Renters
    65% / 35% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    696 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $619,500 Median Sales Price
    12 Homes Sold
    5 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $9,750,000
        1/29/2021 12:24:00 PM New in Database Source: Multiple Listing Service New Value: $9,750,000

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        Listing information is provided in part by the Internet Data Exchange (IDX) program of the Florida Keys Board of REALTORS®, Inc. The information on this website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2021 Florida Keys Board of REALTORS®, Inc. All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.