340 E Ocean Drive, Key Colony Beach, FL
New Listing
$1,550,000
Property Type:
Residential
Bedrooms:
5
Baths:
3
Square Footage:
3,712
Lot Size (sq. ft.):
5,663
Status:
Active
Current Price:
$1,550,000
List Date:
3/14/2026
Last Modified:
3/17/2026
Overview
Description
Rare opportunity to own a legal duplex being sold as A Single Family Home in the heart of Key Colony Beach in the beautiful Florida Keys. Located just one street off the Atlantic Ocean, 340-350 E Ocean Drive offers exceptional space, boating access, and an amazing investment opportunity with flexibility at a competitive price designed to sell. With 5 bedrooms, 3 bathrooms, and over 2,900 sq ft of living space, this property provides the rare opportunity to own a large waterfront home while still benefiting from the layout of a legal duplex. Sold together as a single property, it offers incredible versatility for full-time living, vacation use, or income-producing investment. Boaters will appreciate 50 feet of dockage with dual docks, allowing space for multiple vessels.
Supplements:
Listing Details MLS# B26002035
General Property Information
- Property Sub Type
- Single Family Residence
- Bedrooms Total
- 5
- Bathrooms Total
- 3
- Bathrooms Full
- 3
- Building Area Main
- 3712
- Building Area Source
- Public Records
- Living Area Main
- 2918
- Living Area Source
- Appraiser
- Accessibility Features YN
- No
- Year Built
- 1986
- Parking Total
- 4
- Gated Community YN
- No
- Lot Size Area
- 5859
- Lot Size Acres
- 0.13
- Senior Community YN
- No
- Waterfront YN
- Yes
- Water Frontage Feet
- 50
- Outdoor Living Spaces YN
- Yes
- Stories Total
- 2
- Stories
- 2
- Direction Faces
- North
- Fireplace YN
- No
- Pool Private YN
- No
- Green Verification YN
- No
- Furnished
- Furnished
- LP/Assessed Value
- 1.45
Property Features
Dining Area:
Dining/Living Room; Formal Dining; Kitchen Dining
Flooring:
Vinyl
Foundation Details:
Pillar/Post/Pier
Parking Features:
Concrete
Property Condition:
Resale
Special Listing Conditions:
Standard
Appliances:
Dishwasher; Dryer; Microwave; Oven; Refrigerator; Washer; Water Heater
Water Heater Details:
Electric Water Heater
Boat and Dock Features:
Electric Available
Construction Materials:
Frame
Cooling:
Ceiling Fan(s); Central Air
Heating:
Floor Furnace
Interior Features:
Cathedral Ceiling(s); High Ceilings; Kitchen Island; Storage; Upstairs Living Area; Vaulted Ceiling(s)
Laundry Features:
Lower Level
Levels:
Two
Listing Terms:
Cash; Conventional
Pets Allowed YN:
Yes
Pets Allowed:
No Restrictions
Possession:
Close Of Escrow
Restrictions:
No Restrictions
Roof:
Metal
Sewer:
Public Sewer
Structure Type:
House
Tax Information:
No Homestead
Utilities:
Electricity Connected; Sewer Connected; Water Available
Water Access:
Ocean Access
Water Source:
Public
Water View:
Canal; Ocean
Waterfront Features:
Canal Front
Canal Width:
Canal Width 81-120 Feet
Window Features:
Storm Window(s)
Showing Requirements:
Call Listing Agent
Outdoor Living Spaces:
Balcony; Deck; Porch
Balcony Details:
Balcony - Covered; Balcony - Open
Porch Details:
Porch - Open
Room Types:
Kitchen; Living Room; Master Bedroom
Acreage Description:
Less Than 1/4 Acre Lot; Less Than 1 Acre Lot
Contract Information
- Comp Sale YN
- No
- Listing Contract Date
- 2026-03-12
- Original List Price
- 1550000
- Negotiable Seller Concessions YN
- No
- Listing Service
- Full Service
Location and Legal
- Country
- United States
- County Or Parish
- Monroe
- County Parish Name
- Monroe
- Street Number
- 340
- Street Direction Prefix
- E
- Street Name
- Ocean
- Street Suffix
- Drive
- City Name
- Key Colony Beach
- Municipality Type
- Incorporated
- State Or Province
- FL
- Subdivision Name
- KEY COLONY BEACH
- Area
- 5940 - Other Florida County
- Geographic Area
- Other
- Special Assessment YN
- No
- Parcel Number
- 00073110000000
- Zoning
- RM
- Flood Zone
- AE
Financial Information
- Master Association YN
- No
- Membership Fee Required YN
- No
- Tax Annual Amount
- 9735.95
- Tax Year
- 2025
- Tax Assessed/SOH Value
- 1068846
- Tax Legal Description
- BK 3 LT 45 KEY COLONY BEACH PB3-120 SHELTER KEY OR506-1061 OR561-541 OR914-2331/34 OR919-1850/51 OR919-1852 OR929-1399 OR929-1400 OR929-1401
- Assessor Market Value
- 1068846
- Estimated Monthly Assoc Recurring Fee
- 0
Status Change Information
- Major Change Timestamp
- 2026-03-14T15:48:31Z
- Major Change Type
- New Listing
- Status Change Date
- 2026-03-14
More Information
Parking Information
- Open Parking Spaces
- 4
Boat and Dock Information
- Dock
- Yes
Main Level Rooms
- Main Level Bathrooms
- 3
- Main Level Bedrooms
- 5
Pet Details
- Pet Fee YN
- No
Qualifying Requirements
- Minimum Credit Score YN
- No
Storm Protection
- Impact Glass
- Complete
- Other Protection
- Complete
Showing Details
- Pet(s) on Premises
- No
- Showing Contact Phone
- 305-393-1993
- Showing Instructions
- Call Jennifer Hamill 305-393-1993
Price Calculations
- Current Price To SqFt
- 417.56
Originating Details
- Originating System Key
- 20260313153653842661000000
- Originating System ID
- M00000170
Office/Member Information
- DXORIGMLSID
- RML
Dining Area
- Dining/Living Room
- Yes
- Formal Dining
- Yes
- Kitchen Dining
- Yes
Flooring
- Vinyl
- Yes
Foundation Details
- Pillar/Post/Pier
- Yes
Parking Features
- Concrete
- Yes
Property Condition
- Resale
- Yes
Special Listing Conditions
- Standard
- Yes
Structure Type
- House
- Yes
Possession
- Close Of Escrow
- Yes
Sewer
- Public Sewer
- Yes
Utilities
- Electricity Connected
- Yes
- Sewer Connected
- Yes
- Water Available
- Yes
Heating
- Floor Furnace
- Yes
Water Access
- Ocean Access
- Yes
Water View
- Canal
- Yes
- Ocean
- Yes
Window Features
- Storm Window(s)
- Yes
Appliances
- Dishwasher
- Yes
- Dryer
- Yes
- Microwave
- Yes
- Oven
- Yes
- Refrigerator
- Yes
- Washer
- Yes
- Water Heater
- Yes
Construction Materials
- Frame
- Yes
Interior Features
- Cathedral Ceiling(s)
- Yes
- High Ceilings
- Yes
- Kitchen Island
- Yes
- Storage
- Yes
- Upstairs Living Area
- Yes
- Vaulted Ceiling(s)
- Yes
Laundry Features
- Lower Level
- Yes
Levels
- Two
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Roof
- Metal
- Yes
Water Source
- Public
- Yes
Waterfront Features
- Canal Front
- Yes
Water Heater Details
- Electric Water Heater
- Yes
Boat and Dock Features
- Electric Available
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Central Air
- Yes
Showing Requirements
- Call Listing Agent
- Yes
Master Bedroom/Bath
- Master Bdrm - Ground
- Yes
Pets Allowed YN
- Yes
- Yes
Pets Allowed
- No Restrictions
- Yes
Restrictions
- No Restrictions
- Yes
Tax Information
- No Homestead
- Yes
Canal Width
- Canal Width 81-120 Feet
- Yes
Outdoor Living Spaces
- Balcony
- Yes
- Deck
- Yes
- Porch
- Yes
Balcony Details
- Balcony - Covered
- Yes
- Balcony - Open
- Yes
Porch Details
- Porch - Open
- Yes
Room Types
- Kitchen
- Yes
- Living Room
- Yes
- Master Bedroom
- Yes
Acreage Description
- Less Than 1/4 Acre Lot
- Yes
- Less Than 1 Acre Lot
- Yes
Room Information
Kitchen
Living Room
Master Bedroom
Listing Office:
Coldwell Banker Schmitt RE Co
Last Updated: March - 17 - 2026
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