Welcome to your Key Colony Beach Escape, a beautifully maintained 3-bedroom, 2-bathroom waterfront half duplex featuring all-new impact windows and doors, 30 feet of concrete dockage, a fish cleaning station, tiki hut, fresh paint, new furnishings, and smart televisions in every room. The open-concept living area seamlessly integrates with a fully equipped kitchen, complete with a breakfast bar and dining area for six. This exceptional turnkey investment opportunity includes over $30,000 in future bookings to be transferred, active vacation rental licenses, and all inspections passed. Residents enjoy exclusive access to the nearby Cabana Club, offering beach and pool privileges, and the property is conveniently situated near parks, fishing, golf, and fine dining within the highly desirable Key Colony Beach community. This residence represents the ideal combination of luxury, convenience, and waterfront living in the Florida Keys.
Sold for $850,000
$850,000
431 5th St, Key Colony Beach, FL 33051
3beds
1,184sqft
Half Duplex
Built in 1959
3,484 Square Feet Lot
$860,100 Zestimate®
$718/sqft
$3,938 Estimated rent
Home value
$860,100
$748,000 - $981,000
$3,938/mo
Zestimate® history
Owner options
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$3,938/mo
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$3,938/mo
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$5,191/mo
Est. payment
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$5,191/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Saara Victoria Staten 786-623-7392,
Engel & Völkers Marathon,
Kasey Platt 305-393-7044,
Florida Keys Real Estate Group
Bought with:
Nate Bartlett, 358818989
Berkshire Hathaway HomeServices Keys Real Estate
Source: FLKMLS,MLS#: 616225
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Appliances
- Included: Washer, Dryer, Dishwasher, Refrigerator, Oven, Stainless Steel Appliance(s)
Features
- Flooring: Tile
- Furnished: Yes
Interior area
- Total structure area: 1,184
- Total interior livable area: 1,184 sqft
Property
Features
- On waterfront: Yes
Lot
- Size: 3,484 Square Feet
Details
- Parcel number: 00073790000100
- Zoning: R-2B - Key Colony Two Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Half Duplex
Materials
- CBS
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1959
Community & HOA
Community
- Subdivision: Key Colony Beach (53.5)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Key Colony Beach
Financial & listing details
- Price per square foot: $718/sqft
- Tax assessed value: $707,867
- Annual tax amount: $8,363
- Date on market: 8/22/2025
Price history
| Date | Event | Price |
|---|---|---|
| 3/9/2026 | Sold | $850,000-5.5%$718/sqft |
Source:  FLKMLS #616225 Report a problem | ||
| 3/5/2026 | Pending sale | $899,000$759/sqft |
Source: FLKMLS #616225 Report a problem | ||
| 1/15/2026 | Contingent | $899,000$759/sqft |
Source: FLKMLS #616225 Report a problem | ||
| 8/22/2025 | Listed for sale | $899,000$759/sqft |
Source:  MLKAR #616225 Report a problem | ||
| 5/24/2025 | Listing removed | $899,000$759/sqft |
Source:  Engel & Volkers #612425 Report a problem | ||
| 3/31/2025 | Price change | $899,000-5.3%$759/sqft |
Source:  Key West AOR #612425 Report a problem | ||
| 2/10/2025 | Price change | $949,000-2.7%$802/sqft |
Source: Key West AOR #612425 Report a problem | ||
| 1/13/2025 | Price change | $975,000-2.4%$823/sqft |
Source: MLKAR #612425 Report a problem | ||
| 1/3/2025 | Price change | $999,000-4.9%$844/sqft |
Source: MLKAR #612425 Report a problem | ||
| 11/26/2024 | Listed for sale | $1,050,000+5.1%$887/sqft |
Source: MLKAR #612425 Report a problem | ||
| 6/21/2022 | Sold | $999,000$844/sqft |
Source: MLKAR #601078 Report a problem | ||
| 5/29/2022 | Pending sale | $999,000$844/sqft |
Source: FLKMLS #601078 Report a problem | ||
| 5/22/2022 | Contingent | $999,000$844/sqft |
Source: FLKMLS #601078 Report a problem | ||
| 5/20/2022 | Listed for sale | $999,000+37%$844/sqft |
Source: FLKMLS #601078 Report a problem | ||
| 4/1/2021 | Listing removed | -- |
Source: FLKMLS #595266 Report a problem | ||
| 3/22/2021 | Listed for sale | $729,000+27.9%$616/sqft |
Source: MLKAR #595266 Report a problem | ||
| 1/5/2021 | Sold | $570,000$481/sqft |
Source: MLKAR #593575 Report a problem | ||
| 12/2/2020 | Listed for sale | $570,000+32.6%$481/sqft |
Source: Berkshire Hathaway HomeServices Keys Real Estate #593575 Report a problem | ||
| 10/8/2015 | Sold | $430,000-55.7%$363/sqft |
Source: Public Record Report a problem | ||
| 1/14/2004 | Sold | $970,000$819/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,171 -14.3% | $707,867 -13.2% |
| 2024 | $8,363 +8.1% | $815,757 +8.8% |
| 2023 | $7,737 +31.6% | $749,854 +33.3% |
| 2022 | $5,880 +21.2% | $562,658 +28.6% |
| 2021 | $4,850 +6.7% | $437,511 +3.6% |
| 2020 | $4,546 | $422,383 -0.5% |
| 2019 | $4,546 -0.5% | $424,602 +8.3% |
| 2018 | $4,568 +11.5% | $392,150 -2.9% |
| 2017 | $4,099 -0.2% | $403,853 +4.7% |
| 2016 | $4,108 | $385,688 +39.7% |
| 2015 | -- | $275,991 |
Find assessor info on the county website
Neighborhood: 33051
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Nearby schools
GreatSchools rating
- 5/10Stanley Switlik Elementary SchoolGrades: PK-5Distance: 4.9 mi
- 5/10Marathon SchoolGrades: 6-12Distance: 4 mi
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Estimated market value
$860,100
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Estimated market value
$860,100
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