1,646 Sq. Ft.
$969 / Sq. Ft.
1,646
Sq. Ft.
$969
per Sq. Ft.

Description

Welcome to your slice of paradise in the heart of the Florida Keys. This Conch-style home is tucked away on a wide, clear, deep-water canal just 5 minutes from the crystal blue Atlantic Ocean. Boaters and anglers alike, will love the 60 ft concrete dock with boat lift--ideal for easy ocean access and unforgettable adventures on the water. World-class fishing, diving, snorkeling, and marine wildlife encounters all begin at your dock. Entertain in island style on the decked pool area, huge tiki hut,...Welcome to your slice of paradise in the heart of the Florida Keys. This Conch-style home is tucked away on a wide, clear, deep-water canal just 5 minutes from the crystal blue Atlantic Ocean. Boaters and anglers alike, will love the 60 ft concrete dock with boat lift--ideal for easy ocean access and unforgettable adventures on the water. World-class fishing, diving, snorkeling, and marine wildlife encounters all begin at your dock. Entertain in island style on the decked pool area, huge tiki hut, and screened patio perfect for relaxing or hosting. The interior boasts a huge, updated kitchen with tons of cabinetry, seamlessly flowing into an open living, dining, and kitchen area with views of the screened patio, Tiki Hut and pool. Enjoy resort-like living on Key Colony Beach with access to incredible amenities: golf, marina, pickleball, tennis, horseshoes, bocce ball, basketball, playgrounds, and Sunset Oceanfront Park. Everything you need is within reach--restaurants, shopping, post office, police & building departments, and 15 streets to walk, jog or bike. No problem getting here, only 3 miles to Marathon's Airport,53 miles to Key West International Airport,108 miles to Miami International Airport, and 139 miles to Ft Lauderdale Airport. Whether you're seeking a full-time residence, vacation retreat, or investment property, this home captures the best of island living in one perfect package.
  1. Listed by Karen D Raspe • Ocean Sotheby's International

Property Details for 351 5th Street

Waterfront
Canal Front
Waterfront
Yes
Zoning
R-1B - Key Colony Single Family
Subdivision
Key Colony Beach (53.5)
Directions
Overseas Hwy Mile Marker 53.5 turn at light onto Sadowski / KCB Causeway and bear left onto E. Ocean Dr. Turn Left onto 5th Street follow to #351 on your left
Building Style
Ground Level
Vehicle Storage
Garage, RV Parking Open, Off Street Parking, Guest Parking
Pets
Pets Allowed
LISTING UPDATED: 02/03/2026 03:26 PM

Property Details for 351 5th Street

StatusActive
MLS #615786
Days on Market214
Taxes$11,468 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family
Year Built1958
Lot Size0.15 AC / 6,600 SF
CountyMonroe County

Location

Listing Courtesy of Ocean Sotheby's International
Add your commute

Building Information for 351 5th Street

Stories-Year Built1958Building Size-Lot Size0.15 AC / 6,600 SF

Payment Calculator

$8,729 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,774

Property Taxes

$956

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 351 5th Street

Summary
Location and General Information
  • Waterview: Canal View
  • Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
  • Absolute Longitude: 81.017285
  • Control Depth: 5
  • Off Shore Island: No
  • Listing Board: Marathon/Lower Keys
  • Side: Ocean
  • Mile Marker: 53.5
  • Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
  • Neighborhood Feature: Community Boat Ramp, Bike Paths, Airstrip, Beach, Tennis Courts
  • Key/Island: Key Colony
Taxes and HOA Information
  • Association Info: Mandatory Home Owners Asc: No
  • Association Info: 1st Right of Refusal: No
  • Fee Includes: None
  • Furnished: Furnished
  • Tax Year: 2024
  • Tax Exemptions: None
Virtual Tour
Property
Lot Information
  • Acres: 0.15
  • Parcel #: 00073750-000000
  • Land Size: Less Than 1/4 Acre
Property and Assessments
  • Legal: BK 5 LT 15 KEY COLONY BEACH PB3-120 SHELTER KEY OR450-589 OR825-550 OR844-1964/65 OR854-2185 OR1515-2052 OR1515-2053/54
  • MLS Approved: Y
  • SqFt Source: Property Data Card
  • Flood Zone: AE
  • Rentals Allowed: Yes
  • Deed Restrictions: Unknown
  • Picture Count: 43
  • Document Count: 1
  • Building Style: Above Flood: Unknown
  • Property Condition: Updated/Remodeled
  • Security: Patrolled Area
  • Title: Title Ins - Buyer
Utilities
  • Utilities: FKAA, Buyer to Verify, Community Swr Plant
  • Pub Sewer HkUp: Yes
  • Species List: No
  • Pool: Yes
  • Pool Info: Heated: Yes
  • Pool Info: In Ground, Decked, Fiberglass
  • Porch/Balcony: Deck, Screened Patio, Patio
Interior and Exterior Features
Interior Features
  • Floor: Tile
  • Interior Features: Dade County Pine, Window Treatments, Sky Light(s)
  • Pre-Wired: Cable
  • Appliances: Washer, Stainless Steel Appliance(s), Disposal, Range, Refrigerator, Dishwasher, Dryer
Exterior Features
  • Roof: Tar/Gravel Roof
  • Dockage: Dock Length: 60
  • Dockage: Dock: Wood
  • Dockage: Seawall: Concrete
  • Construction: CBS
  • Dockage: Boat Lift
  • Exterior Features: Chickee Hut, Privacy Wall/Fence, Fencing
  • Windows/Doors: Sliding Glass Doors, Impact Rstnce Window, Impact Rstnce Doors
Room Information
  • Specialty Rooms: Laundry Room

Property History for 351 5th Street

DateEvent & SourcePriceAppreciation
Jul 10, 2025

Price Change

FKMLS #615786

$1,700,000
Jul 10, 2025

Price Change

FKMLS #615786

$1,690,000
Jul 10, 2025

Listed (Active)

FKMLS #615786

$1,595,000
Nov 27, 2023

Expired

FKMLS #604994

Aug 4, 2023

Cancelled

MiamiRE #A11412192

Apr 18, 2023

Listed (Active)

MiamiRE #A11412192

$1,750,000
Apr 18, 2023

Listed (Active)

FKMLS #604994

$1,750,000
Jun 2, 2021

Sold (Public Record)

Public Record #1463262238

$1,150,000

+7.2% / yr

Jun 2, 2021

Sold

FKMLS #596334

$1,150,000
Jun 2, 2021

Pending

FKMLS #596334

Jun 2, 2021

Listed (Active)

FKMLS #596334

$1,150,000
Mar 31, 2010

Sold

FKMLS #550372

$528,000
Feb 25, 2010

Sold (Public Record)

Public Record #287873463

$528,000
Feb 8, 2010

Pending

FKMLS #550372

Nov 25, 2009

Listed (Active)

FKMLS #550372

$550,000
Jul 8, 2006

Expired

FKMLS #531002

Oct 8, 2005

Listed (Active)

FKMLS #531002

$1,298,000
DateEvent & SourcePrice
07/10/2025

Price Change

FKMLS #615786

$1,700,000
07/10/2025

Price Change

FKMLS #615786

$1,690,000
07/10/2025

Listed (Active)

FKMLS #615786

$1,595,000
11/27/2023

Expired

FKMLS #604994

08/04/2023

Cancelled

MiamiRE #A11412192

04/18/2023

Listed (Active)

MiamiRE #A11412192

$1,750,000
04/18/2023

Listed (Active)

FKMLS #604994

$1,750,000
06/02/2021

Sold (Public Record)

Public Record #1463262238

$1,150,000

+7.2% / yr

06/02/2021

Sold

FKMLS #596334

$1,150,000
06/02/2021

Pending

FKMLS #596334

06/02/2021

Listed (Active)

FKMLS #596334

$1,150,000
03/31/2010

Sold

FKMLS #550372

$528,000
02/25/2010

Sold (Public Record)

Public Record #287873463

$528,000
02/08/2010

Pending

FKMLS #550372

11/25/2009

Listed (Active)

FKMLS #550372

$550,000
07/08/2006

Expired

FKMLS #531002

10/08/2005

Listed (Active)

FKMLS #531002

$1,298,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 351 5th Street

Taxable ValueLand$652,080Additions$393,128Total$1,045,208
Tax Record2024$11,468 ($956 / month)
Home Facts
Beds2Baths2Total Finished SqFt1,646 SqFtAbove Grade Finished SqFt1,646 SqFtStories1Lot Size6,600 SqFtStyleSingle Family ResidenceYear Built1958Year Renovated2008CountyMONROEAPN00073750-000000

Schools near 351 5th Street

This home is within Monroe.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - 9 to 12
Charter - PK to 5
Rating
School
Distance
Stanley Switlik Elementary School
PublicPK to 5

Marathon School
Public6 to 12

Coral Shores High School
Public9 to 12

Big Pine Academy
CharterPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

351 5th Street is a single family home for sale in Key Colony Beach, FL 33051. This property was listed for sale on July 10, 2025 by Ocean Sotheby's International, it's currently listed at $1,595,000. It has been on the market for a total of 214 days and was last sold on June 2, 2021. This listing's school district is Monroe. Nearby schools include Stanley Switlik Elementary School, Marathon School and Coral Shores High School. 351 5th Street is a 2-bed, 2-bath, 1,646 sqft single family home built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Ocean Sotheby's International

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.