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For sale
  • $2,195,000

    125 Colson Dr, Cudjoe Key, FL 33042

    5beds
    1,903sqft
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    Single Family Residence
    Built in 1986
    1.57 Acres Lot
    $2,087,400 Zestimate®
    $1,153/sqft
    $-- HOA

    What's special

    Fruit treesExceptional privacyRelaxing poolAbundant tropical landscaping
    TRANSIENT LICENSE * NIGHTLY RENTALS* PROVEN RENTAL INCOME* IDEAL 1031 EXCHANGE OPPORTUNITYMore Potos Coming Soon!Rarely does a Florida Keys property combine proven income, privacy, and future potential like this.Situated on nearly two acres spanning four lots, this unique compound offers a coveted transient license allowing nightly rentals and a well-established vacation rental business with a strong history of performance. Historically generating over $200,000 annually, with recent projections ranging from $250,000 to $300,000, this is an outstanding opportunity for investors, vacation rental operators, or buyers seeking a premier 1031 Exchange replacement property.More than just a rental property, this is a proven income-producing asset with an established guest base, and delivering the authentic Florida Keys experience that visitors seek. Rather than starting from scratch, a new owner can step into a property with a successful operating history and demonstrated demand.The property features a 4-bedroom, 2-bath main residence, relaxing pool, expansive outdoor living areas, and a separate concrete guest structure complete with bedroom, bath, and kitchenette. Fully fenced with two private entrances, the grounds offer exceptional privacy, abundant tropical landscaping, fruit trees, palms, and ample space for RVs, boat trailers, and recreational equipment. Over 100 Palm treesFuture upside may exist through additional development opportunities, expansion of the existing compound, or further enhancement of the guest experience, subject to buyer verification and applicable regulations.Properties offering a transient license, multiple lots, substantial acreage, proven income, and future potential are increasingly rare in today's Florida Keys market. Whether you're seeking a high-performing vacation rental, a strategic 1031 Exchange acquisition, or a private Florida Keys retreat, this property is positioned to deliver value and Solid ROI from da
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    Zillow last checked:

    Listing updated:

    Listed by:

    Mykael A. Marinelli 305-439-7730,

    American Caribbean Real Estate, Christie's International Real Estate

    Source: FLKMLS,MLS#: 620325MLS LogoOriginating MLS: Florida Keys

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      Appliances
      • Included: Refrigerator, Oven, YES
      Features
      • Other Specialty Room
      • Windows: Accordion, Panel
      Interior area
      • Total interior livable area: 1,903 sqft

      Property

      Parking
      • Parking features: Open, Trailer Storage, RV Parking Open, Guest
      • Has uncovered spaces: Yes
      Features
      • Has private pool: Yes
      • Pool features: In Ground, Decked
      • Fencing: Fenced,Privacy
      • Has view: Yes
      • View description: Water
      • Has water view: Yes
      • Water view: Water
      • Waterfront features: None, Dockage: None
      Lot
      • Size: 1.57 Acres
      • Dimensions: 4 lots plus easement total of just under 2 acres
      • Features: 1 Less Than 2 Acres
      Details
      • Parcel number: 00115840000201
      • Zoning: SR
      • Zoning description: Sub Urban Residential District
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Frame
      Condition
      • Year built: 1986

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: FKAA, Buyer to Verify

      Community & HOA

      Community
      • Subdivision: Cudjoe Acres (21.5)
      HOA
      • Has HOA: No
      • Services included: Sewer, Other
      Location
      • Region: Cudjoe Key

      Financial & listing details

      • Price per square foot: $1,153/sqft
      • Tax assessed value: $1,427,048
      • Annual tax amount: $12,849
      • Date on market: 6/19/2026
      • Listing terms: Cash,Conventional

        Estimated market value

        $2,087,400

        $1.98M - $2.19M

        $6,682/mo

        Price history

        DateEventPrice
        6/12/2026Listed for sale$2,195,000$1,153/sqft
        Source: Key West AOR #620252 Report a problem
        6/1/2026Listing removed$2,195,000$1,153/sqft
        Source: FLKMLS #617496 Report a problem
        2/10/2026Price change$2,195,000-2.4%$1,153/sqft
        Source: Key West AOR #617496 Report a problem
        11/28/2025Listed for sale$2,249,000$1,182/sqft
        Source: Key West AOR #617496 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$12,850 +34.5%$1,427,048 +47.4%
        2024$9,556 +16.5%$967,837 +10%
        2023$8,204 +1.5%$879,852 +1.8%
        2022$8,082 +2.4%$864,230 +9.8%
        2021$7,894 -3.3%$787,098 -2.7%
        2020$8,167 $808,997 -0.6%
        2019$8,167 -0.9%$814,004 +1.3%
        2018$8,243 -1.4%$803,486 -0.6%
        2017$8,362 +0.3%$808,617 +5.5%
        2016$8,341 +7.4%$766,690 +11.5%
        2015$7,766 $687,902

        Find assessor info on the county website

        Monthly payment

        Est. payment

          Payment breakdown

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          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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          Climate risks

          Neighborhood: 33042

          Getting around

          23 / 100
          Car-Dependent
          59 / 100
          Bikeable

          Nearby schools

          GreatSchools rating

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