Waterfront Investment Opportunity in the Florida Keys! Located in desirable Key Colony Beach, this 3-bedroom, 2-bath property offers the perfect blend of tropical living and income-producing potential. Built in 2006, and 'above flood' this popular ''Ellison'' half duplex offers 1,540 sq ft of well-designed living space on one level with NO STAIRS to climb. Offering more dockage than most half duplexes, with 46 FEET OF CANAL FRONTAGE WITH STEP DOWN DOCK and quick access to the ocean--a dream setup for boating, fishing, and watersports enthusiasts. This property has operated as a well-established and successful weekly vacation rental for over 10 years. Per the seller, it generates, on average, $135K-$140K in annual gross income and rents 49 weeks per year. Future bookings are strong, making this a truly turnkey investment opportunity. Inside, you'll find a bright and open floor plan with tile flooring throughout, complemented by a nice sized kitchen with granite countertops, stainless steel appliances, and ample cabinet space. The spacious primary suite includes an ensuite bath with double vanities, while two additional bedrooms offer flexibility for guests or family. Step outside and enjoy true Florida Keys outdoor living with your private pool, the perfect spot for relaxing after a day on the water, and there's plenty of room in the TWO-CAR GARAGE to store your boating and fishing gear. You'll also enjoy access to all that Key Colony Beach has to offer, including Sunset Park, tennis courts, pickleball, a 9-hole golf course, playground, and a couple of restaurants--all within easy walking or biking distance. Whether you're seeking a second home in paradise or a proven short-term weekly rental, this property delivers both lifestyle and ROI. Enjoy it yourself when you like, and have it generate income for you when you can't be there!
For sale
Price cut: $25K (5/27)
$1,350,000
260 Sadowski Cswy, Key Colony Beach, FL 33051
3beds
1,540sqft
Half Duplex, Multi Family
Built in 2006
5,227 Square Feet Lot
$-- Zestimate®
$877/sqft
$-- HOA
What's special
Private poolTwo-car garageGranite countertopsSpacious primary suiteTile flooring throughoutAmple cabinet spaceNice sized kitchen
- 156 days |
- 453 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
Amy Puto 305-766-1745,
Coldwell Banker Schmitt Real Estate Co.
Source: FLKMLS,MLS#: 616455
Originating MLS: Marathon/Lower Keys
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
Features
- Granite Counters, Storage
- Flooring: Tile
- Doors: Sliding Glass Doors, Impact Rstnce Doors
- Windows: Drapes/Blinds Incl, Impact Rstnce Window, Other Windows/Doors
- Furnished: Yes
Interior area
- Total interior livable area: 1,540 sqft
Video & virtual tour
Property
Parking
- Parking features: Garage, Off Street, Guest, Attached
- Has attached garage: Yes
Features
- Levels: One,Ground Level
- Stories: 1
- Patio & porch: Patio
- Has private pool: Yes
- Pool features: In Ground, Decked, Concrete
- Fencing: Fenced
- Has view: Yes
- View description: Canal
- Has water view: Yes
- Water view: Canal
- Waterfront features: Canal Front, Waterfront, Seawall: Concrete, Dock: Concrete, Dock Length: 46
Lot
- Size: 5,227 Square Feet
- Features: Less Than 1/4 Acre
Details
- Parcel number: 00079372000510
- Zoning: R-2C
- Zoning description: Key Colony Two Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Half Duplex, Multi Family
- Attached to another structure: Yes
Materials
- CBS, Concrete
- Roof: Metal
Condition
- Year built: 2006
Utilities & green energy
- Electric: Elect Separate Meter
- Sewer: Municipal Sewer, Public Sewer
- Water: Water Separate Meter
- Utilities for property: FKAA, Cable Available
Community & HOA
Community
- Features: Tennis Court(s), Bike Paths, Other, Beach
- Security: Patrolled Area
- Subdivision: Marina Sub (54.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Key Colony Beach
Financial & listing details
- Price per square foot: $877/sqft
- Tax assessed value: $1,038,329
- Annual tax amount: $9,425
- Date on market: 2/2/2026
- Listing terms: No Seller Finance,Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/27/2026 | Price change | $1,350,000-1.8%$877/sqft |
Source: | ||
| 5/16/2026 | Price change | $1,375,000-1.8%$893/sqft |
Source: | ||
| 3/6/2026 | Price change | $1,399,999-3.4%$909/sqft |
Source: | ||
| 2/2/2026 | Listed for sale | $1,449,950-3.3%$942/sqft |
Source: | ||
| 1/22/2026 | Listing removed | $1,499,999$974/sqft |
Source: | ||
| 1/9/2026 | Price change | $1,499,999-3.2%$974/sqft |
Source: | ||
| 11/14/2025 | Price change | $1,549,000-3.1%$1,006/sqft |
Source: | ||
| 9/11/2025 | Listed for sale | $1,599,000+178.1%$1,038/sqft |
Source: | ||
| 8/22/2012 | Sold | $575,000$373/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,579 +1.6% | $937,079 +10% |
| 2024 | $9,426 +11% | $851,890 +10% |
| 2023 | $8,491 +10.6% | $774,445 +10% |
| 2022 | $7,678 +10.5% | $704,041 +10% |
| 2021 | $6,950 +14.2% | $640,037 +10% |
| 2020 | $6,085 | $581,852 +5.8% |
| 2019 | $6,085 +6.9% | $549,973 -4.1% |
| 2018 | $5,692 +7.9% | $573,729 -0.2% |
| 2017 | $5,273 +7.5% | $574,673 -3.7% |
| 2016 | $4,905 -0.6% | $596,716 +1% |
| 2015 | $4,936 | $590,579 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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.
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Climate risks
Neighborhood: 33051
Nearby schools
GreatSchools rating
- 5/10Stanley Switlik Elementary SchoolGrades: PK-5Distance: 4.9 mi
- 5/10Marathon SchoolGrades: 6-12Distance: 4 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Monroe County
- Key Colony Beach
- 33051
- 260 Sadowski Cswy
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