For sale

$1,550,000

350 E Ocean Drive, Key Colony Beach, FL

5beds

2,918sqft

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Single Family Residence

Built in 1986

5,859 Square Feet Lot

$1,470,900 Zestimate^®

$531/sqft

$-- HOA

What's special

Large waterfront homeSpace for multiple vesselsBoating access

THE BEST DEAL In KEY COLONY! Rare opportunity to own a legal duplex being sold as A Single Family Home in the heart of Key Colony Beach in the beautiful Florida Keys. Located just one street off the Atlantic Ocean, 340-350 E Ocean Drive offers exceptional space, boating access, and an amazing investment opportunity with flexibility at a competitive price designed to sell. With 5 beds, 3 baths, and over 2,900 sq ft of living space, this property provides the rare opportunity to own a large waterfront home while still benefiting from the layout of a legal duplex. Sold together as a single property, it offers incredible versatility for full-time living, vacation use, or income-producing investment. Boaters will appreciate 50 ft of dockage with dual docks, allowing space for multiple vessels. Buyer and buyers agent to verify all info

122 days

438

21

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3
Main level bathrooms: 3
Main level bedrooms: 5

Heating

Floor Furnace

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Refrigerator, Water Heater, Washer
Laundry: Lower Level

Features

Cathedral Ceiling(s), Dining Area, Separate/Formal Dining Room, High Ceilings, Kitchen Island, Kitchen/Dining Combo, Living/Dining Room, Main Level Primary, Storage, Vaulted Ceiling(s)
Flooring: Vinyl
Windows: Storm Window(s)
Has fireplace: No
Furnished: Yes

Interior area

Total structure area: 3,712
Total interior livable area: 2,918 sqft

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Property

Parking

Total spaces: 4
Parking features: Concrete
Uncovered spaces: 4

Accessibility

Accessibility features: None

Features

Levels: Two
Stories: 2
Patio & porch: Covered, Deck, Open, Porch, Balcony
Exterior features: Balcony, Outdoor Living Area
Has view: Yes
View description: Canal, Ocean
Has water view: Yes
Water view: Canal,Ocean
Waterfront features: Canal Access, Canal Front, Ocean Access
Frontage type: Waterfront
Frontage length: 50.00,50.00

Lot

Size: 5,859 Square Feet
Features: < 1/4 Acre

Details

Parcel number: 00073110000000
Zoning: RM
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Frame
Foundation: Pillar/Post/Pier
Roof: Metal

Condition

Resale
New construction: No
Year built: 1986

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Sewer Connected, Water Available

Community & HOA

Community

Subdivision: KEY COLONY BEACH

HOA

Has HOA: No

Location

Region: Key Colony Beach

Financial & listing details

Price per square foot: $531/sqft
Tax assessed value: $1,068,846
Annual tax amount: $9,735
Date on market: 3/14/2026
Cumulative days on market: 124 days
Listing terms: Cash,Conventional
Electric utility on property: Yes

Estimated market value

$1,470,900

$1.40M - $1.54M

$5,790/mo

Price history

Date	Event	Price
3/14/2026	Listed for sale	$1,550,000+83.4%$531/sqft
Source: BeachesMLS #B26002035 Report a problem
3/25/2021	Sold	$845,000-23.2%$290/sqft
Source: Public Record Report a problem
3/22/2005	Sold	$1,100,000$377/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$11,150 -0.1%	$1,068,846 +11.4%
2023	$11,165 +19.4%	$959,740 +10%
2022	$9,348 +39%	$872,491 +51.2%
2021	$6,723 +4.6%	$577,087 +1.8%
2020	$6,429	$566,782 +10%
2019	$6,429 +8.8%	$515,256 -14.6%
2018	$5,911 -3.8%	$603,086 +7.9%
2017	$6,146 +10.1%	$559,163 -2.1%
2016	$5,580 +0.4%	$570,906 +22%
2015	$5,560	$467,783

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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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