Key West Transient-Licensed Vacation Rental for Sale. Own an active nightly vacation rental just minutes from Old Town Key West. This beautifully maintained 3-bedroom, 3-bathroom Coral Hammock home blends resort-style amenities with relaxed island living, and it's licensed for nightly transient rentals, which makes it a strong income-producing investment property or Florida Keys vacation home.
Inside, an open-concept floor plan features vaulted ceilings and abundant natural light. The kitchen comes with brand new stainless steel appliances and quartz countertops. The spacious living and dining areas flow seamlessly to a private covered porch for easy indoor-outdoor living.
Each of the three bedrooms has its own full bathroom, offering privacy and flexibility for family, guests, or vacation rental bookings. The primary suite opens to a private balcony, a serene retreat after a day on the water.
Outside, enjoy lush tropical landscaping and two dedicated parking spaces. You'll also have access to Coral Hammock's heated resort pool, clubhouse, and fitness center.
The home is close to the Key West Golf Club, Hogfish Bar & Grill, Hurricane Hole Marina, and some of the best dining and boating in the Florida Keys. 31 Coral Way combines comfort, convenience, and the carefree charm of Key West living.
Buyer pays 2 months of HOA dues ($880 total) at closing as a working capital contribution.
For sale
$1,200,000
31 Coral Way, Stock Island, FL 33040
3beds
1,392sqft
Single Family Residence
Built in 2004
1,306 Square Feet Lot
$1,126,800 Zestimate®
$862/sqft
$440/mo HOA
What's special
Abundant natural lightQuartz countertopsPrivate covered porchLush tropical landscapingOpen-concept floor planVaulted ceilingsTwo dedicated parking spaces
- 24 days
- 311
- 9
Zillow last checked:
Listing updated:
Listed by:
Krystal Thomas 305-394-4073,
eXp Realty LLC Southernmost Branch
Source: FLKMLS,MLS#: 621642
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Cooling
- Central Air
Appliances
- Included: Washer, Dryer, Dishwasher, Refrigerator, Oven, Microwave, Stainless Steel Appliance(s)
Features
- Walk-in Closet(s), Quartz Countertops
- Flooring: Vinyl
- Furnished: Yes
Interior area
- Total structure area: 1,392
- Total interior livable area: 1,392 sqft
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Patio & porch: Open Porch/Balcony
- Has private pool: Yes
- Pool features: In Ground
Lot
- Size: 1,306 Square Feet
Details
- Parcel number: 00124100000116
- Zoning: MU - Mixed Use District
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Hardi Board Siding
Condition
- Year built: 2004
Community & HOA
Community
- Features: Clubhouse
- Security: Security Gate
- Subdivision: Maloney Sub (5.0)
HOA
- Has HOA: Yes
- Services included: Common Area Mnt, Security
- HOA fee: $440 monthly
Location
- Region: Stock Island
Financial & listing details
- Price per square foot: $862/sqft
- Tax assessed value: $907,672
- Annual tax amount: $6,023
- Date on market: 10/15/2026
- Listing terms: Cash,Conventional
Estimated market value
$1,126,800
$1.07M - $1.18M
$6,979/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/15/2026 | Listed for sale | $1,200,000-2%$862/sqft |
Source: | ||
| 7/8/2026 | Listing removed | $1,225,000$880/sqft |
Source: eXp Realty #617616 Report a problem | ||
| 5/21/2026 | Price change | $1,225,000-5.8%$880/sqft |
Source: | ||
| 3/10/2026 | Price change | $1,300,000-7.1%$934/sqft |
Source: | ||
| 12/6/2025 | Listed for sale | $1,400,000+133.3%$1,006/sqft |
Source: | ||
| 6/22/2018 | Sold | $600,000$431/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,134 +18.4% | $681,617 +10% |
| 2024 | $6,024 +6.6% | $619,652 +10% |
| 2023 | $5,649 +15.6% | $563,320 +10% |
| 2022 | $4,887 +4.9% | $512,109 +10% |
| 2021 | $4,659 -1.9% | $465,554 -1.2% |
| 2020 | $4,751 | $471,223 -4.3% |
| 2019 | $4,751 -4.3% | $492,571 +3.9% |
| 2018 | $4,964 +6.6% | $474,118 +15.5% |
| 2017 | $4,656 +11.9% | $410,342 +9.7% |
| 2016 | $4,161 +6% | $374,096 +8% |
| 2015 | $3,927 | $346,463 |
Find assessor info on the county website
Monthly payment
Est. payment






