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For Sale


721 W Ocean Drive
Key Colony Beach, FL 33051

Whether you are looking for ocean front land for a large estate, a compound or multi-unit development, don't miss this once-in-a-lifetime opportunity for ocean front acreage in Key Colony Beach. This property consists of 2.10 Acres or 91,650+/- SF of upland area and is vested with 22 residential development rights with the potential of 27 units. The site also contains approximately 82,961+/- SF of adjacent bay bottom. Originally built in 1964, the Oceanfront Apt. complex is now ready for re-development. Read More

Market Status
Last Updated
June 17, 2021

Property Type
Commercial Property
Year Built
Property Type
Commercial; Apartment 3 or more
Ocean View
Water View

Local Market Conditions

There are currently 14 properties for sale in the Key Colony Beach, FL area with the average listing price of $2,459,129. This represents a decrease of -0.8% over the previous week. The 4 bedroom homes saw the largest decrease in the average listing price over the previous week with a -42.8% decrease. To learn more about the Key Colony Beach, FL area, contact a local expert!

Market Snapshot for Key Colony Beach, FL

Avg. Listing Price


Wk ending Jun 12









Average Listing Price for Key Colony Beach, FL
No. BedroomsNo. Beds Week Ending
(Jun 12)
w-o-w Week Ending
(Jun 5)
Week Ending
(May 29)
Week Ending
(May 22)
All PropertiesAll $2,459,129 -0.8% $2,478,065 $2,478,065 $1,882,396
1 bedroom1 BR - +0.0% - - -
2 bedrooms2 BR $641,400 +0.0% $641,400 $641,400 $647,667
3 bedrooms3 BR $1,417,580 +0.2% $1,414,650 $1,414,650 $1,431,290
4 bedrooms4 BR $4,517,450 -42.8% $7,900,000 $7,900,000 $2,955,000

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Listing Provided By:

Jody Owen

Berkshire Hathaway Keys Real Estate

This $9,750,000 Commercial Property at 721 W Ocean Drive in Key Colony Beach, FL is offered by Jody Owen. This $9,750,000 Commercial Property, located in the 33051 zip code, has the following property features: Ocean View, Water View, Property Type, Waterfront. This 721 W Ocean Drive Commercial Property is listed under MLS listing number 594399 and has a listing price of $9,750,000. You can find more of Jody Owen's listings by browsing Jody Owen homes for sale at, or even more Key Colony Beach homes for sale here.

Data Provided by Marathon and Lower Keys Association of Realtors

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