4 Beds
2 Baths
1,647 SqFt
4 Beds
2 Baths
1,647 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,647 sqft
Price per Sqft $2,367
Subdivision Long Key Ocean Bay Colony (69.0)
MLS Listing ID 616369
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1972
Annual Tax Amount $9,882
Tax Year 2024
Lot Size 0.623 Acres
Acres 0.62
Property Sub-Type Duplex
Land Area 1647
Property Description
Situated at the southern tip of Long Key, this income-producing oceanfront property boasts 221 feet of private white sand beach, unobstructed Atlantic Ocean views, and both sunrise and sunset. Currently operating as a successful nightly vacation rental, the property offers a rare opportunity for investors seeking immediate income with the flexibility to further enhance or redevelop the site. The existing legal duplex features four bedrooms and two bathrooms, capturing the character and charm of Old Florida Keys living. Continue operating the property as a vacation rental, renovate the existing improvements, or explore the property's long-term redevelopment potential. The offering includes two development rights associated with the legal duplex, plus a third development right for an accessory structure, an increasingly rare asset in the Florida Keys. This unique combination creates opportunities to maximize rental income, establish a private waterfront compound, or pursue future redevelopment, subject to applicable approvals.
Ideally positioned between Islamorada and Marathon, the property offers convenient access to marinas, restaurants, shopping, and airports while maintaining a level of privacy rarely found in the Keys. The shallow turquoise waters offshore are ideal for kayaking, paddleboarding, snorkeling, and fishing, while nearby Long Key State Park and the Long Key Viaduct provide access to some of the world's most renowned tarpon fishing. Adding to its significance, the property occupies the former site of Henry Flagler's original Long Key Fishing Camp. In the early 1900s, famed author Zane Grey helped establish Long Key as one of sportfishing's most celebrated destinations, hosting notable guests including Herbert Hoover and Franklin Rooseve
Location
State FL
County Monroe
Community Beach
Area 21 - Long Key
Zoning ISD - Improved Sup Duplex
Direction Mile Marker 65 Ocean front.
Interior
Interior Features Utility Room, Built-in Cabinets, Cathedral Ceilings, Granite Counter Top, Smoke Alarms, Split Bedroom, Window Treatments
Heating Central
Cooling Central Air, Ceiling Fans(s)
Flooring Tile
Furnishings Furnished
Window Features Impact Rstnce Window,Single Hung Windows,Sliding Glass Doors
Appliance Dryer, Washer, Dishwasher, Microwave, Oven, Refrigerator
Laundry Laundry Room
Exterior
Exterior Feature Chickee Hut, Shed, Sandy Beach
Community Features Beach
Utilities Available Cable Available, FKAA, Community Sewer Plant, Buyer To Verify
Waterfront Description Oceanfront, Open Water
Roof Type Metal Roof
Porch Open Porch/Balcony, Deck, Patio
Garage No
Others
HOA Fee Include None
Security Features No Security
Pets Allowed Yes
Virtual Tour https://bcove.video/41ytNWd
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