PRICED TO SELL, as this property is currently one of the best values in Key Colony Beach in terms of cost per square foot. This is your optimal island getaway, fish camp or vacation rental investment property. Currently an active vacation rental with a Cabana Club membership and the option to own the entire duplex, as unit 591 is also on the market separately, allowing flexibility to manage multiple bookings or larger parties in general. Another advantage is that this property is situated above flood! This unit offers 3 bedrooms, 2 full baths, an updated kitchen with granite counters and a breakfast bar, as well as a 37.5-foot dock complete with a fish cleaning station. Both the kitchen and living area overlook the canal with large impact sliders leading out the patio area which is perfect for outdoor entertaining and grilling up your fresh catch of the day. The open ocean or gulf is just a 5-minute boat ride away. The master with a private entrance includes an ensuite updated bathroom. Ideally located in Key Colony Beach where multiple activities and amenities await, all within walking distance: full-service marina, restaurants, park, post office, golf, tennis, basketball, bocce ball, pickle ball or horseshoe.
Sold for $835,000
$835,000
581 8th St, Key Colony Beach, FL 33051
3beds
1,439sqft
Half Duplex, Single Family Residence
Built in 1974
4,125 Square Feet Lot
$898,800 Zestimate®
$580/sqft
$5,339 Estimated rent
Home value
$898,800
$836,000 - $980,000
$5,339/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 24, 2025 at 03:04am
Listed by:
Jessica A Celli 305-767-3667,
Berkshire Hathaway HomeServices Knight & Gardner Realty,
Karen D Raspe, Pa,
Berkshire Hathaway HomeServices Keys Real Estate
Bought with:
Taylor Globus
American Caribbean Real Estate, Christie's International Real Estate
Source: FLKMLS,MLS#: 604937
Originating MLS: Key West Association
Originating MLS: Key West AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central, Ductless
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Washer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
Features
- Bar, Granite Counters
- Flooring: Tile
- Windows: Drapes/Blinds Incl, Single Hung Windows, Impact Rstnce Window, Accordion
Interior area
- Total interior livable area: 1,439 sqft
Property
Parking
- Parking features: Off Street, RV Parking Open, Trailer Storage
- Has uncovered spaces: Yes
Features
- Levels: Ground Level
- Has view: Yes
- View description: Canal
- Has water view: Yes
- Water view: Canal
- Waterfront features: Canal Front, Waterfront, Dock: Concrete, Dock Length: 37
Lot
- Size: 4,125 sqft
- Features: Less Than 1/4 Acre
Details
- Additional parcels included: 00075030000100
- Parcel number: 00075030000000
- Zoning: R-2A
- Zoning description: Key Colony Two Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Half Duplex, Single Family Residence
- Attached to another structure: Yes
Materials
- CBS
- Roof: Tar/Gravel
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1974
Utilities & green energy
- Sewer: Municipal Sewer, Public Sewer
- Utilities for property: FKAA, Buyer to Verify
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Key Colony Beach
- Subdivision: Key Colony Bch 1st Addn Amd Plat (53.5)
HOA & financial
HOA
- Has HOA: No
- Services included: None
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2023 | Sold | $835,000-4.6%$580/sqft |
Source:  FLKMLS #604937 Report a problem | ||
| 7/9/2023 | Pending sale | $875,000$608/sqft |
Source: FLKMLS #604937 Report a problem | ||
| 6/9/2023 | Contingent | $875,000$608/sqft |
Source: FLKMLS #604937 Report a problem | ||
| 4/14/2023 | Price change | $875,000-51.4%$608/sqft |
Source: FLKMLS #604937 Report a problem | ||
| 4/14/2023 | Listed for sale | $1,800,000+100.7%$1,251/sqft |
Source:  Key West AOR #604936 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,362 -0.3% | $728,644 +2.2% |
| 2024 | $7,385 -2.9% | $712,633 -3.2% |
| 2023 | $7,608 +10.3% | $736,138 +10% |
Find assessor info on the county website
Neighborhood: 33051
Nearby schools
GreatSchools rating
- 4/10Stanley Switlik Elementary SchoolGrades: PK-5Distance: 4.6 mi
- 5/10Marathon SchoolGrades: 6-12Distance: 3.8 mi
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Estimated market value
$898,800