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
For sale
$2,195,000
125 Colson Dr, Cudjoe Key, FL 33042
5beds
1,903sqft
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
- 10 days |
- 280 |
- 9 |
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#: 620325
Originating 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
| Date | Event | Price |
|---|---|---|
| 6/12/2026 | Listed for sale | $2,195,000$1,153/sqft |
Source: | ||
| 6/1/2026 | Listing removed | $2,195,000$1,153/sqft |
Source: | ||
| 2/10/2026 | Price change | $2,195,000-2.4%$1,153/sqft |
Source: | ||
| 11/28/2025 | Listed for sale | $2,249,000$1,182/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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 | $687,902 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 33042
Nearby schools
GreatSchools rating
- 6/10Sugarloaf SchoolGrades: PK-8Distance: 1.8 mi
- 4/10Key West High SchoolGrades: 9-12Distance: 18.9 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Florida
- Monroe County
- Summerland Key
- 33042
- 125 Colson Dr





