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For sale
  • Price cut: $500K (3/2)
    $7,999,000

    205 15th Cir, Key Colony Beach, FL 33051

    4beds
    4,888sqft
    : 
    Single Family Residence
    Built in 1993
    0.62 Acres Lot
    $-- Zestimate®
    $1,636/sqft
    $-- HOA

    What's special

    Private sandy beachSun deckBuilt-in outdoor kitchenStunning oceanfront estateLush backyard oasisSoaring glass doorsPalatial primary suite
    Located within exclusive Key Colony Beach, nestled on a lushly landscaped, oversized lot, lies a stunning Oceanfront estate of unrivaled opulence. Boasting in-ground saltwater pool and spa, private sandy beach, firepit, built-in outdoor kitchen, and sprawling composite dock with 40K boat lift, this home caters to elevated Florida Keys living, and the 13,659 Sq. Ft. manicured lot across the street is also included in the sale where you can add a guest house or 2nd home. Enter through soaring glass doors into an elegant foyer, where turquoise Ocean Views are the focal point of the courtyard in the heart of the home. In the South wing, a gorgeous Great Room features access to both the courtyard and a covered veranda, boasting views of the grounds, pool, and Open Water. A well-appointed wet bar, complete with refrigerator and wine cooler, lends itself to entertaining. In the North wing, the showstopping Chef's Kitchen, with premium appliances, including gas range, and large island with storage and seating, is designed for hosting memorable gatherings. Visitors will enjoy superior accommodation in either the downstairs guest suite, or either of two upstairs en suite guest bedrooms. Retire to a palatial primary suite, with large walk-in closet with laundry, luxurious en suite, sitting area, and built-in wet bar, provided abundant privacy in the upstairs South wing. Wake up to magnificent Ocean Views and enjoy morning coffee on the private primary balcony. Outside, host memorable events in the lush backyard oasis. Lounge poolside on the sun deck or beachside in a shaded hammock. Grill up your fresh catch and enjoy sunset cocktails from the well-appointed, built-in outdoor kitchen, and cozy up by the firepit under a blanket of stars, to enjoy balmy ocean breezes. This spectacular property is designed for resort-style living, situated in sought-after Key Colony, boasting incomparable community amenities and with convenient proximity to delectable dining and stores in town
    125 days
    |
    1,643
    |
    50
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 19, 2026 at 09:35am

    Listed by:

    Lisa H Ferringo 305-797-1221,

    Coldwell Banker Schmitt Real Estate Co

    Source: FLKMLS,MLS#: 614617MLS LogoOriginating MLS: Key West Association

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Heating
      • Electric
      Cooling
      • Central Air, Ceiling Fans(s)
      Appliances
      • Included: More Appliances, Stainless Steel Appliance(s), Gas Appliances, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer, Washer
      • Laundry: Laundry Room
      Features
      • Wet Bar, Bar, Walk-In Closet(s), Storage, Granite Counters, Built-in Cabinets, Entrance Foyer, Split Bedroom, Cathedral Ceiling(s), Other Specialty Room
      • Flooring: Tile, Marble, Wood
      Interior area
      • Total interior livable area: 4,888 sqft

      Property

      Parking
      • Parking features: Garage, Trailer Storage, Off Street, Open, Attached
      • Has attached garage: Yes
      • Has uncovered spaces: Yes
      Features
      • Patio & porch: Lanai, Open Porch/Balcony, Patio
      • Exterior features: Bar, Storage, Sandy Beach, Outdoor Kitchen, Lighting, Built-in Barbecue
      • Has private pool: Yes
      • Pool features: Heated, In Ground, Decked
      • Fencing: Fenced
      • Has view: Yes
      • View description: Ocean, Water
      • Has water view: Yes
      • Water view: Ocean,Water
      • Waterfront features: Oceanfront, Open Water, Waterfront, Sandy Beach, Dock: Composite, Dockage: Boat Lift
      Lot
      • Size: 0.62 Acres
      • Features: 1/2 - Less Than 1 AC
      • Residential vegetation: Fruit Tree(s)
      Details
      • Additional parcels included: 00079872011500
      • Parcel number: 00079872010200
      • Zoning: R-1A
      • Zoning description: Key Colony Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • CBS
      • Roof: Concrete
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1993

      Utilities & green energy

      • Sewer: Municipal Sewer, Public Sewer
      • Utilities for property: FKAA, Buyer to Verify

      Community & HOA

      Community
      • Features: Other, Bike Paths
      • Subdivision: Coury Sub (53.5)
      HOA
      • Has HOA: No
      • Services included: None
      Location
      • Region: Key Colony Beach

      Financial & listing details

      • Price per square foot: $1,636/sqft
      • Tax assessed value: $4,780,416
      • Annual tax amount: $29,515
      • Date on market: 11/15/2025
      • Listing terms: Cash,Conventional
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        3/2/2026Price change$7,999,000-5.9%$1,636/sqft
        Source: Key West AOR #614617 Report a problem
        11/15/2025Listed for sale$8,499,000$1,739/sqft
        Source: Key West AOR #614617 Report a problem
        7/11/2025Listing removed$8,499,000$1,739/sqft
        Source: FLKMLS #614617 Report a problem
        4/13/2025Listed for sale$8,499,000-5.6%$1,739/sqft
        Source: FLKMLS #614617 Report a problem
        4/12/2025Listing removed$8,999,000$1,841/sqft
        Source: Key West AOR #612407 Report a problem
        11/25/2024Listed for sale$8,999,000$1,841/sqft
        Source: Key West AOR #612407 Report a problem
        7/16/2024Listing removed--
        Source: FLKMLS #609736 Report a problem
        4/25/2024Listed for sale$8,999,000+185.7%$1,841/sqft
        Source: Key West AOR #609736 Report a problem
        6/15/2017Sold$3,150,000-18.7%$644/sqft
        Source: FLKMLS #573305 Report a problem
        12/13/2016Listing removed$3,875,000$793/sqft
        Source: Ocean Sotheby's International Realty #570795 Report a problem
        5/6/2016Price change$3,875,000-13.9%$793/sqft
        Source: Ocean Sotheby's International Realty #570795 Report a problem
        5/6/2015Listed for sale$4,500,000$921/sqft
        Source: Ocean Sotheby's International Realty #567419 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$44,648 +51.3%$4,780,416 +54.7%
        2024$29,515 +2.1%$3,089,124 +3.2%
        2023$28,904 +3.9%$2,992,360 +3%
        2022$27,832 -1.5%$2,905,204 +3%
        2021$28,248 +5%$2,820,587 +1.4%
        2020$26,906 $2,781,644 +4.4%
        2019$26,906 +4.2%$2,665,226 +2.4%
        2018$25,812 +6.5%$2,602,003 -19.9%
        2017$24,230 -15.3%$3,249,718 +7.4%
        2016$28,594 +4.3%$3,026,546 +96.5%
        2015$27,417 $1,540,004

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $44,751/mo
        Principal & interest
        $39285
        Property taxes
        $5466
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          Climate risks

          Neighborhood: 33051

          Getting around

          2 / 100
          Car-Dependent
          26 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 33051

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