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For sale
  • $2,195,000

    125 Colson Dr, Cudjoe Key, FL 33042

    5beds
    1,903sqft
    : 
    $12,541/mo
    Get pre-qualified
    Single Family Residence
    Built in 1986
    1.57 Acres Lot
    $2,022,500 Zestimate®
    $1,153/sqft
    $-- HOA

    What's special

    Fruit treesExceptional privacyRelaxing poolAbundant tropical landscaping
    TRANSIENT LICENSE * NIGHTLY RENTALS* PROVEN RENTAL INCOME* IDEAL 1031 EXCHANGE OPPORTUNITY Casa De Las Palmas 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 trees Future 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 day one.
    63 days
    |
    315
    |
    17
    |

    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 Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      Appliances
      • Included: Refrigerator, Oven
      Interior area
      • Total structure area: 1,903
      • Total interior livable area: 1,903 sqft

      Property

      Parking
      • Parking features: Open, RV Access/Parking, Storage
      • Has uncovered spaces: Yes
      Features
      • Has private pool: Yes
      • Pool features: In Ground, Decked
      • Fencing: Fenced,Privacy
      Lot
      • Size: 1.57 Acres
      • Dimensions: 4 lots plus easement total of just under 2 acres
      Details
      • Parcel number: 00115840000201
      • Zoning: SR - Sub Urban Residential District

      Construction

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

      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

        $2,022,500

        $1.92M - $2.12M

        $7,767/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.
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        Climate risks

        Neighborhood: 33042

        Getting around

        20 / 100
        Car-Dependent
        59 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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