About 721 W Ocean Drive
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.
Features of 721 W Ocean Drive
| MLS® # | 604581 |
|---|---|
| Price | $8,750,000 |
| Square Footage | 91,650 |
| Type | Vacant Land |
| Status | Active |
Community Information
| Address | 721 W Ocean Drive |
|---|---|
| Area | 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony |
| Subdivision | Stevens Sub (53.5) |
| City | KEY COLONY |
| County | Monroe |
| State | FL |
| Zip Code | 33051 |
Amenities
| Utilities | Electric on Site, Sewer, Water Line |
|---|---|
| View | Open Water View, Ocean View |
| Is Waterfront | Yes |
| Waterfront | Oceanfront |
Exterior
| Lot Description | 2 Less Than 5 Acres |
|---|
Additional Information
| Date Listed | March 15th, 2023 |
|---|---|
| Days on Market | 395 |
| Zoning | R-3 - Multi Unit Res |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Agent | Audrey Ross |
|---|---|
| Office | Compass FLORIDA |