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For sale
  • $487,000

    701 Spanish Main Dr #659, Cudjoe Key, FL 33042

    2beds
    864sqft
    Mobile Home, Manufactured Home
    Built in 1999
    2,178 Square Feet Lot
    $476,400 Zestimate®
    $564/sqft
    $520/mo HOA

    What's special

    Heated saltwater waterfront poolTennis courtsBasketball courtsSwimming lagoonReliable metal roofPrivate backyard retreatBright open-concept layout
    Seller is Motivated!Coastal Charm Meets Modern ComfortWelcome to your island escape in the heart of the Lower Keys! This beautifully furnished two-bedroom, two-bath stilt home is located within the gated waterfront community of Venture Out on Cudjoe Key.Inside, you'll find a bright, open-concept layout featuring a spacious living area that flows seamlessly into a thoughtfully designed kitchen. Recent updates include a brand-new refrigerator, ample cabinetry, and a modern island bar with additional seating, perfect for entertaining family and friends.Built with both comfort and durability in mind, the home features a reliable metal roof and a large ground-level storage enclosure for all your island essentials. Step outside to your private backyard retreat, complete with low-maintenance artificial turf and a cozy seating area, ideal for enjoying the Florida Keys sunshine.This property is a proven income-producing vacation rental with strong rental history and future bookings already in place. In 2025, the home generated $43,257.28 in rental revenue. As of June 2, 2026, it has already produced $18,472.78 year-to-date, with 8 future reservations estimated to generate an additional $13,092.57 in rental income that will transfer to the buyer.Conveniently located near the front gate of the community, this home offers easy access for pet owners, with a quick path for walking dogs just outside the neighborhood. You're also within walking distance of Venture Out's outstanding amenities, including a heated saltwater waterfront pool, swimming lagoon, private boat ramp, tennis courts, pickleball courts, bocce courts, basketball courts, marina store, community center, and more.Whether you're seeking a personal island retreat, a seasonal getaway, or an investment property with immediate income potential, this home offers the perfect combination of comfort, convenience, and Florida Keys charm.
    42 days
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    756
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    27
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    Zillow last checked:

    Listing updated:

    Listed by:

    Kelly Gardner,

    Bluescape Real Estate,

    Lanny Gardner 305-797-8425,

    Bluescape Real Estate

    Source: FLKMLS,MLS#: 620156MLS LogoOriginating MLS: Marathon/Lower Keys

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Cooling
      • Central Air, Ceiling Fans(s)
      Appliances
      • Included: Washer, Stainless Steel Appliance(s), Freezer, Microwave, Oven, Refrigerator, Dishwasher, Dryer
      Features
      • Pantry
      • Flooring: Tile, Vinyl
      • Doors: Sliding Glass Doors
      • Windows: Drapes/Blinds Incl, Aluminum Frames, Bahama, Panel, Clam Shell
      • Furnished: Yes
      Interior area
      • Total interior livable area: 864 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Off Street, Covered
      Features
      • Patio & porch: Open Porch/Balcony, Patio
      • Exterior features: Rain Gutters, Tennis Court(s), Storage, Lighting
      • Has private pool: Yes
      • Pool features: Heated, In Ground, Decked, Concrete, Salt Water
      • Has view: Yes
      • View description: Ocean
      • Has water view: Yes
      • Water view: Ocean
      • Waterfront features: None, Dockage: Boat Ramp, None
      Lot
      • Size: 2,178 Square Feet
      • Dimensions: 33' x 53' x 25' x 60'
      • Features: Less Than 1/4 Acre
      Details
      • Parcel number: 00188681066300
      • Zoning: URML-L
      • Zoning description: Urban Res Mobile Home Limited Dist

      Construction

      Type & style
      • Home type: MobileManufactured
      • Property subtype: Mobile Home, Manufactured Home
      Materials
      • Roof: Metal
      Condition
      • Year built: 1999

      Utilities & green energy

      • Electric: Elect Separate Meter
      • Sewer: Municipal Sewer, Public Sewer
      • Water: Water Separate Meter
      • Utilities for property: FKAA, Cable Available, Buyer to Verify

      Community & HOA

      Community
      • Features: Pool, Bike Paths, Spa, Other, Fire Hydrant, Handicap Facilities, Manager on Premises, Tennis Court(s), Clubhouse, Community Boat Ramp
      • Security: Smoke Detector(s), Electric Gate, Patrolled Area, Gated with Guard
      • Subdivision: Venture Out (23.0)
      HOA
      • Has HOA: Yes
      • Services included: Maintenance Grounds, Other, Security
      • HOA fee: $1,560 quarterly
      Location
      • Region: Cudjoe Key

      Financial & listing details

      • Price per square foot: $564/sqft
      • Tax assessed value: $442,488
      • Annual tax amount: $4,401
      • Date on market: 6/4/2026
      • Listing terms: Cash,Conventional
      • Body type: Double Wide

        Estimated market value

        $476,400

        $453,000 - $500,000

        $3,141/mo

        Price history

        DateEventPrice
        6/4/2026Listed for sale$487,000$564/sqft
        Source: FLKMLS #620156 Report a problem
        6/4/2026Listing removed$487,000$564/sqft
        Source: Key West AOR #612530 Report a problem
        11/29/2025Price change$487,000-2%$564/sqft
        Source: Key West AOR #612530 Report a problem
        10/14/2025Price change$497,000-4.2%$575/sqft
        Source: Key West AOR #612530 Report a problem
        7/9/2025Price change$519,000-3.7%$601/sqft
        Source: FLKMLS #612530 Report a problem
        6/13/2025Price change$539,000-1.8%$624/sqft
        Source: FLKMLS #612530 Report a problem
        3/6/2025Price change$549,000-4.5%$635/sqft
        Source: Key West AOR #612530 Report a problem
        12/4/2024Listed for sale$575,000-6.5%$666/sqft
        Source: Key West AOR #612530 Report a problem
        3/28/2023Sold$615,000-3.1%$712/sqft
        Source: FLKMLS #604277 Report a problem
        3/27/2023Pending sale$635,000$735/sqft
        Source: FLKMLS #604277 Report a problem
        3/8/2023Contingent$635,000$735/sqft
        Source: Key West AOR #604277 Report a problem
        2/28/2023Price change$635,000-8.6%$735/sqft
        Source: Key West AOR #604277 Report a problem
        2/21/2023Listed for sale$695,000+124.2%$804/sqft
        Source: FLKMLS #604277 Report a problem
        6/22/2021Sold$310,000-2.8%$359/sqft
        Source: FLKMLS #594174 Report a problem
        3/5/2021Listed for sale$319,000$369/sqft
        Source: Berkshire Hathaway HomeServices Keys Real Estate - Lower Keys #594174 Report a problem
        3/5/2021Contingent$319,000-3%$369/sqft
        Source: FLKMLS #594174 Report a problem
        2/6/2021Price change$329,000-4.6%$381/sqft
        Source: FLKMLS #594174 Report a problem
        1/15/2021Listed for sale$345,000+19%$399/sqft
        Source: FLKMLS #594174 Report a problem
        9/12/2018Sold$290,000-7.6%$336/sqft
        Source: Public Record Report a problem
        6/21/2018Price change$314,000-1.6%$363/sqft
        Source: Waterfront Keys Realty Inc. #577592 Report a problem
        11/27/2017Listed for sale$319,000+13.9%$369/sqft
        Source: Waterfront Keys Realty Inc. #577592 Report a problem
        11/29/2016Listing removed$280,000$324/sqft
        Source: Waterfront Keys Realty Inc. #572141 Report a problem
        9/29/2016Listed for sale$280,000+34.2%$324/sqft
        Source: Waterfront Keys Realty Inc. #572141 Report a problem
        1/3/2011Sold$208,687+1986.9%$242/sqft
        Source: Public Record Report a problem
        7/17/2009Sold$10,000-97.1%$12/sqft
        Source: Public Record Report a problem
        4/1/2005Sold$348,500+57.7%$403/sqft
        Source: Public Record Report a problem
        8/22/2003Sold$221,000+251.4%$256/sqft
        Source: Public Record Report a problem
        12/11/1995Sold$62,900$73/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,401 -4.7%$442,488 -8.3%
        2024$4,616 +114.7%$482,685 +99.8%
        2023$2,150 -22.7%$241,549 -12.3%
        2022$2,783 +24.3%$275,391 +14.2%
        2021$2,239 -28.4%$241,246 -20.4%
        2020$3,127 $303,161 +23.4%
        2019$3,127 +4.9%$245,666 +32.8%
        2018$2,980 +21.7%$184,976 +11.3%
        2017$2,448 +8.3%$166,158 +7.4%
        2016$2,261 +2.9%$154,736 +4%
        2015$2,198 $148,726
        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.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 33042

        Getting around

        12 / 100
        Car-Dependent
        43 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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