Property

Key Colony, FL 33051 340-350 E Ocean Drive

OPEN HOUSE Sat, Jun 13 2026 12:00 PM - 02:00 PM
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Presented By: Coldwell Banker Schmitt Real Estate Co.
  • Florida Keys MLS (FLKMLS) - 204 - FL
  • MLS# 619018
  • 03/11/2026
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Disclaimer: The information contained in this listing has not been verified by LoKation® Real Estate and should be verified by the buyer.
  • Beds • 5
  • Baths • 3
  • SQFT • 2,918

Home Details

Investors! Full Duplex! Own both sides! This is rare opportunity to own a legal duplex being sold in the heart of Key Colony Beach in the beautiful Florida Keys. Located just one street off the Atlantic Ocean, 340-350 E Ocean Drive offers exceptional space, boating access, and an amazing investment opportunity with flexibility at a competitive price designed to sell.With 5 bedrooms, 3 bathrooms, and over 2,900 sq ft of living space, this property provides the rare opportunity to own a large waterfront home while still benefiting from the layout of a legal duplex. Sold together as a single property, it offers incredible versatility for full-time living, vacation use, or income-producing investment.Boaters will appreciate 50 feet of dockage with dual docks, allowing space for multiple vessels and providing a quick, easy ride to the open Atlantic for world-class fishing and boating.The 340 E Ocean Drive side features towering ceilings and dramatic floor-to-ceiling windows, filling the home with natural light while showcasing beautiful canal views from multiple areas. This side includes 3 bedrooms, 2 bathrooms, and a private balcony to enjoy the coastal breeze.The 350 E Ocean Drive side offers 2 bedrooms and 1 bathroom, along with its own private balcony overlooking the canal, the perfect spot to enjoy a morning coffee or evening sunset.Head over to the Cabana Club which is just steps away, for some fun in the sun!Enjoy both ocean and canal views from this prime location just steps from the Atlantic. With a proven rental history, this property offers outstanding flexibility. Owners have the flexibility to live in one side and rent the other or rent both for maximum income potential.Updates include; Impact windows and doors (2021) 5V Metal Crimp Roof (2021) AC ( 2021 & 2023) New Dock Posts (2024)Competitively priced and offering size, dockage, and location, this is a standout opportunity to own a versatile waterfront property in Key Colony
Presented By: Coldwell Banker Schmitt Real Estate Co.

Interior Features for 340-350 E Ocean Drive

Other Interior Features

FlooringVinyl
Furnished Y/NFurnished
Interior AmenitiesCathedral Ceilings, Window Treatments, Storage, Built-in Cabinets

Other Rooms

Specialty RoomsUtility Room

General for 340-350 E Ocean Drive

AppliancesWasher, Microwave, Oven, Refrigerator, Dishwasher, Dryer
Building Style: Above FloodUnknown
Building Style: Stilt Column HeightMedium - 5Ft - 9Ft
ConstructionFrame
Control Depth5
DockageOther Dockage
Dockage: DockWood
Dockage: Dock Length50
Fee IncludesNone
Full Baths3
HOA Fee$0.00
Half Baths
Living Area2918.00
Lot Sqft5859.00
Min Rental Days7.00
Neighborhood FeatureTennis Courts, Bike Paths, Beach
Pets Allowed Y/NPets Allowed
Property TypeA
Rental AllowedYes
RoofMetal Roof
StatusActive
StyleDuplex
SubdivisionKey Colony Bch Yacht (53.5)
UtilitiesFKAA, Sewer Available
ViewCanal View
Year Built1986
ZoningR-2A - Key Colony Two Family

Exterior for 340-350 E Ocean Drive

Exterior AmenitiesShed, Storage
Land SizeLess Than 1/4 Acre
PoolNo
Porch/BalconyOpen Porch/Balcony, Deck
Public Sewer HookupYes
SideOcean
Vehicle StorageOpen Parking
Vehicle Storage: Car(s)4+
WaterfrontCanal Front
Windows/DoorsImpact Rstnce Window, Impact Rstnce Doors

Additional Details

Price History

Dana DeFalco

Price $1,550,000
MLS#619018
List Date 03/11/2026
Property Type Single Family
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