721 West Ocean Drive

Key Colony Beach, FL 33051

$8,750,000
Price
91,650 / 2.10
Lot Size / Acres

Description

Discover endless possibilities with this prime vacant land parcel nestled in the heart of the Florida Keys! Spanning 2.10+/- acres (approx. 91,650+/- SF) of land with an additional 1.9+/- acres (approx. 85,000+/- SF) of adjacent bay bottom, this captivating oceanfront property presents an idyllic setting for a luxurious estate or a multi-unit development with up to 24 units. The possibility also exists to sub-divide the lot into three parcels. Permit is currently in place to rebuild the pier. Key...Discover endless possibilities with this prime vacant land parcel nestled in the heart of the Florida Keys! Spanning 2.10+/- acres (approx. 91,650+/- SF) of land with an additional 1.9+/- acres (approx. 85,000+/- SF) of adjacent bay bottom, this captivating oceanfront property presents an idyllic setting for a luxurious estate or a multi-unit development with up to 24 units. The possibility also exists to sub-divide the lot into three parcels. Permit is currently in place to rebuild the pier. Key Colony Beach epitomizes tranquility and serenity. Its prime location offers sweeping views of the Atlantic Ocean and seamless access to some of the best fishing, boating, and diving in the world. This blank canvas awaits your vision to create a masterpiece within this enchanting seaside community.

Listing Agent

  1. Audrey Ross

    Audrey Ross

    Listing Agent

    Compass

Property Details for 721 West Ocean Drive

Subdivision
Key Colony
Waterfront
Yes
Waterfront Description
Ocean Access, Ocean Front
Area
98 Florida Keys
Geographic Area
Other Geographic Area (Out Of Area Only)
Auction
No

Location

Add your commute
LISTING UPDATED: 04/22/2024 11:43 AM

Property Details for 721 West Ocean Drive

StatusActive
MLS #A11357703
Days on Market395
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeResidential Land/Boat Docks / Residential
Year Built-
Lot Size2.10 AC
CountyMonroe County

Location

Add your commute

Building Information for 721 West Ocean Drive

Building Size-Lot Size2.10 AC

Payment Calculator

$47,752 per month

30 year fixed, 7.25% Interest

Principal and Interest

$47,752

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 721 West Ocean Drive

Location Information
Location Information
  • Parcel Number Free Text: 00078380-000000
  • Parcel Number MLX: 0000
  • MLS Area: 98 Florida Keys
  • Subdivision Complex Bldg: Key Colony
  • Zoning Information: Multi or SF
General Information
General Information
  • Style of Property: Zoned Residential
  • Usage Description: Other Usage
  • Front Exposure: East
  • Num Parcels: 1
  • Total Acreage: 91650
  • Approximate Lot Size: 91650
  • Property Sq Ft: 91650
  • Building Includes: None
  • Development: Recorded Plat
  • Location: City Location, Lot Located In A Flood Zone
  • Surface Description: Paved Road
  • Road Description: City/County Maintained
  • Type of Trees: Other Trees
  • Ground Cover Description: Weeds
  • Waterfront Frontage: 225
  • Water Access: Other, Private Dock
  • Water View: Direct Ocean, Ocean View
  • Boat Access: Beach Access, Private Dock
  • Boat Services: Beach Access,Private Dock
Additional Property Information
Utilities
  • Utilities Available: Electric, Sewer, Water
  • On Site Utilities: Electric, Sewer, Water
  • Water Description: Municipal Water
  • Sewer Description: Other Sewer
Additional Property Information
  • Guest Accommodations: No
  • Deed Restrictions: County, Deed Restrictions On Record
  • Type of Soil: Dirt
  • Miscellaneous Improvements: Build To Suit
Financial Information
Financial Information
  • Total Mortgage: $0
  • Flood Zone: VE
  • Tax Year: 2023
  • Special Information: Flood Zone

Property History for 721 West Ocean Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 721 West Ocean Drive

This home is within Monroe.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Charter - PK to 5
Charter - PK to 8
Rating
School
Distance
Stanley Switlik Elementary School
PublicPK to 5

Marathon School
Public6 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.

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721 West Ocean Drive is a 2.10 ac of land for sale in Key Colony Beach, FL 33051. This property was listed for sale on March 13, 2023 by Compass, it's currently listed at $8,750,000. This listing's school district is Monroe. Nearby schools include Stanley Switlik Elementary School, Marathon School and Big Pine Academy. 721 West Ocean Drive is a 0-bed, 0-bath, 2.10 ac of land on a 91,650 sq. ft. / 2.10 acres lot.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. 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.

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.