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.
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
- 25 days
- 731
- 31
Listed by:
Property Owner (904) 903-8121
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
| Date | Event | Price |
|---|---|---|
| 8/10/2026 | Listed for sale | $869,000+7.3%$1,006/sqft |
Source: | ||
| 5/22/2023 | Sold | $810,000-9.9%$938/sqft |
Source: | ||
| 5/18/2023 | Pending sale | $899,000$1,041/sqft |
Source: | ||
| 5/18/2023 | Listed for sale | $899,000$1,041/sqft |
Source: | ||
| 5/15/2023 | Contingent | $899,000$1,041/sqft |
Source: | ||
| 6/9/2022 | Price change | $899,000-2.8%$1,041/sqft |
Source: | ||
| 3/23/2022 | Listed for sale | $925,000+988.2%$1,071/sqft |
Source: | ||
| 2/21/2001 | Sold | $85,000$98/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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




