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For sale by owner
  • $869,000

    701 Spanish Main Dr #559, Cudjoe Key, FL 33042

    2beds
    864sqft
    MobileManufactured
    Built in 2001
    2,045 Square Feet Lot
    $845,000 Zestimate®
    $1,006/sqft
    $200/mo HOA

    What's special

    Basketball courtsHot tubLarge heated swimming poolOutdoor entertaining spaceIn-unit washer and dryerTennis and pickleball courtsPrivate boat ramp
    Welcome to your own slice of paradise in the Florida Keys! This beautifully renovated 2-bedroom, 2-bath waterfront home is located in the highly desirable Venture Out Resort, one of the Keys' premier gated waterfront communities. Whether you're looking for a profitable vacation rental, a seasonal getaway, or your forever island home, this property offers the perfect combination of luxury, recreation, and exceptional investment potential. This home has an established rental history and consistently generates over $110,000 in annual gross rental income(rent rolls available), making it an outstanding turnkey investment. The home is being offered fully furnished and equipped, allowing the next owner to continue renting immediately or begin enjoying it from day one. - Elevated with covered parking and outdoor entertaining space - 35-foot private seawall with direct ocean access - Fully renovated kitchen and bathrooms with modern finishes throughout - Updated kitchen featuring newer appliances, dishwasher, smart oven and microwave, refrigerator with ice maker, and Hamilton FlexBrew coffee system - Spacious living room with sleeper sofa for additional guests - In-unit washer and dryer - Smart TVs in the living room and both bedrooms - Modern LED lighting and Bluetooth-enabled ceiling fan with speakers for audio - Beautiful upper deck with custom bar, perfect for enjoying sunrise coffee or evening cocktails overlooking the water - Large lower-level patio designed for entertaining - The home is being sold fully furnished with quality furnishings, kitchenware, linens, and many extras, making it completely move-in or rental ready. The waterfront setting allows you to launch your boat, return to your own 35-foot dock, and spend your days enjoying everything the Keys have to offer. The property also includes recreational equipment such as kayaks, bicycles, outdoor games, and a grill, creating an unforgettable experience for both owners and guests. Venture Out is a secure, gated waterfront community offering exceptional amenities, including: - Large heated swimming pool - Hot tub - Private boat ramp - Marina and fuel dock - Tennis and pickleball courts - Basketball courts - Children's playground - Fishing and lobster access - Bicycle-friendly streets - Community events and activities throughout the year - Prime Lower Keys Location Conveniently located on Cudjoe Key, the property sits approximately 20 miles from Key West, offering easy access to world-class restaurants, shopping, nightlife, fishing, diving, snorkeling, and endless boating opportunities. Marathon is also just a short drive away, placing you in the center of everything the Florida Keys have to offer. Whether you're seeking a high-performing vacation rental, a waterfront retirement retreat, or the perfect family vacation home, this property delivers on every level. Opportunities to own a fully renovated, income-producing waterfront home with proven rental performance in Venture Out are rare. Turnkey. Waterfront. Income Producing. Paradise awaits.
    25 days
    731
    31
    Listed by:

    Property Owner (904) 903-8121

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Heat pump
      Cooling
      • Central
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washer
      Features
      • Cathedral Ceilings, Window Treatments, Smoke Alarms, Storage
      • Flooring: Other, Laminate
      • Has fireplace: No
      • Furnished: Yes
      Interior area
      • Total interior livable area: 864 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Carport, On-street
      Features
      • Exterior features: Stucco, Vinyl
      • Has view: Yes
      • View description: Water
      • Has water view: Yes
      • Water view: Water
      Lot
      • Size: 2,045 Square Feet
      Details
      • Parcel number: 00188681056100
      • Zoning: URML-L - Urban Res Mobile Home Limited Dist

      Construction

      Type & style
      • Home type: MobileManufactured
      Materials
      • Metal
      • Foundation: Piling
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 2001

      Utilities & green energy

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

      Community & HOA

      Community
      • Features: Fitness Center
      HOA
      • Has HOA: Yes
      • HOA fee: $200 monthly
      Location
      • Region: Cudjoe Key

      Financial & listing details

      • Price per square foot: $1,006/sqft
      • Tax assessed value: $632,510
      • Annual tax amount: $6,346
      • Date on market: 8/7/2026

        Estimated market value

        $845,000

        $803,000 - $887,000

        $3,709/mo

        Price history

        DateEventPrice
        8/10/2026Listed for sale$869,000+7.3%$1,006/sqft
        Source: FLKMLS #620930 Report a problem
        5/22/2023Sold$810,000-9.9%$938/sqft
        Source: FLKMLS #600248 Report a problem
        5/18/2023Pending sale$899,000$1,041/sqft
        Source: FLKMLS #600248 Report a problem
        5/18/2023Listed for sale$899,000$1,041/sqft
        Source: FLKMLS #600248 Report a problem
        5/15/2023Contingent$899,000$1,041/sqft
        Source: FLKMLS #600248 Report a problem
        6/9/2022Price change$899,000-2.8%$1,041/sqft
        Source: FLKMLS #600248 Report a problem
        3/23/2022Listed for sale$925,000+988.2%$1,071/sqft
        Source: FLKMLS #600248 Report a problem
        2/21/2001Sold$85,000$98/sqft
        Source: FLKMLS #500502 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,346 +2.7%$632,510 +0%
        2024$6,181 +26.9%$632,398 +42.3%
        2023$4,871 +12.8%$444,407 +10%
        2022$4,317 +6.1%$404,006 +10%
        2021$4,068 +2.9%$367,278 +10%
        2020$3,955 $333,889 -7.4%
        2019$3,955 +6.7%$360,666 +30.7%
        2018$3,707 +11.3%$275,941 +0.6%
        2017$3,329 +5.4%$274,287 +19%
        2016$3,158 +7.5%$230,567 -0.8%
        2015$2,937 $232,458
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 33042

        Getting around

        11 / 100
        Car-Dependent
        39 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating