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Sold for $1,494,000
  • $1,494,000

    50 7th St, Key Colony Beach, FL 33051

    3beds
    1,605sqft
    Single Family Residence
    Built in 1959
    2,178 Square Feet Lot
    $1,512,700 Zestimate®
    $931/sqft
    $5,611 Estimated rent

    Home value

    $1,512,700

    $1.32M - $1.72M

    $5,611/mo

    Zestimate® history
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    What's special

    Maintenance free aluminum fenceSpacious and modern homePersonal tiki hut
    Experience Florida Keys living at its finest in this beautifully remodeled and redesigned home, the Manatee Bungalow. Sold turn-key this property offers a proven rental history with bookings in place, making it the perfect option for a vacation rental or retirement home in paradise. This spacious and modern home features tile throughout, a custom kitchen with a large center island, a dining area, and a cozy living room. With three bedrooms, including two ensuite bathrooms, this home is perfect for families or groups of friends. The home is fully updated with impact-resistant windows and doors, plumbing, electrical, central AC system, as well as Mitsubishi mini splits in each bedroom for ultimate comfort. After a day of fun in the sun, step outside to your own personal tiki hut and enjoy a refreshing drink while taking in the tranquil scenery. This property also offers ample space for a pool. New pavers throughout the yard, white maintenance free aluminum fence, and an irrigation system for the lush lawn. Boat enthusiasts will love the two boat slips, each accommodating boats up to 50 feet in length, with one currently featuring a 12,000-pound lift. Enjoy the open-water views of the 200-ft wide canal with deep-water access, ideally located for exploring the open ocean and the Gulf. If you're an avid golfer, tennis player, or enjoy outdoor sports, you'll have access to a variety of activities right across the street, including golf, tennis, pickleball, basketball, and playgrounds. Don't miss the chance to experience island living at its finest at Manatee Bungalow.

    Zillow last checked:

    Listing updated:

    Listed by:

    Frank Griffiths 305-563-1838,

    Lokation Real Estate

    Bought with:

    Jesus Parra, 3589805

    Coldwell Banker Schmitt Real Estate Co.

    Source: FLKMLS,MLS#: 617225MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Appliances
    • Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave
    Features
    • Flooring: Tile
    • Furnished: Yes
    Interior area
    • Total structure area: 1,605
    • Total interior livable area: 1,605 sqft

    Property

    Parking
    • Parking features: Attached
    • Has attached garage: Yes
    Features
    • On waterfront: Yes
    Lot
    • Size: 2,178 Square Feet
    Details
    • Parcel number: 00078090000000
    • Zoning: R-1B - Key Colony Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • CBS, Combo Construction
    Condition
    • Year built: 1959

    Utilities & green energy

    • Utilities for property: Water Separate Meter, Elect Separate Meter, Cable Available

    Community & HOA

    Community
    • Features: Beach, Bike Paths
    • Subdivision: Key Colony Bch Yacht (53.5)
    HOA
    • Has HOA: No
    • Services included: None
    Location
    • Region: Key Colony Beach

    Financial & listing details

    • Price per square foot: $931/sqft
    • Tax assessed value: $1,001,441
    • Annual tax amount: $9,872
    • Date on market: 12/4/2025
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    2/20/2026Sold$1,494,000-4.8%$931/sqft
    Source: FLKMLS #617225 Report a problem
    2/19/2026Pending sale$1,569,000$978/sqft
    Source: FLKMLS #617225 Report a problem
    1/13/2026Contingent$1,569,000$978/sqft
    Source: FLKMLS #617225 Report a problem
    1/3/2026Price change$1,569,000-0.6%$978/sqft
    Source: FLKMLS #617225 Report a problem
    12/16/2025Price change$1,579,000-0.6%$984/sqft
    Source: FLKMLS #617225 Report a problem
    12/4/2025Listed for sale$1,589,000$990/sqft
    Source: Key West AOR #617225 Report a problem
    12/2/2025Contingent$1,589,000$990/sqft
    Source: FLKMLS #617225 Report a problem
    11/7/2025Listed for sale$1,589,000$990/sqft
    Source: MLKAR #617225 Report a problem
    10/7/2025Listing removed$1,589,000$990/sqft
    Source: FLKMLS #615753 Report a problem
    8/29/2025Price change$1,589,000-0.6%$990/sqft
    Source: MLKAR #615753 Report a problem
    7/11/2025Listed for sale$1,599,000+87.5%$996/sqft
    Source: Key West AOR #615753 Report a problem
    4/6/2020Sold$853,000+367.4%$531/sqft
    Source: Public Record Report a problem
    6/14/1994Sold$182,500$114/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,873 -2.4%$1,001,441 +0%
    2024$10,120 +5.8%$1,001,055 +9.2%
    2023$9,564 +11.6%$917,082 +10%
    2022$8,572 +8%$833,711 +11.7%
    2021$7,935 +17.5%$746,171 +24.4%
    2020$6,755 $599,620 +10%
    2019$6,755 +17.8%$545,109 +4.1%
    2018$5,732 +7.7%$523,825 -13.2%
    2017$5,321 +0.2%$603,632 +33.5%
    2016$5,311 +12.4%$452,010 +39.1%
    2015$4,726 $325,026
    Find assessor info on the county website

    Neighborhood: 33051

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,512,700
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,512,700