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For sale
    • Price cut: $70K (3/7)
    $1,500,000

    351 5th St, Key Colony Beach, FL 33051

    2beds
    1,646sqft
    : 
    Single Family Residence
    Built in 1958
    6,534 Square Feet Lot
    $-- Zestimate®
    $911/sqft
    $-- HOA

    What's special

    Wide clear deep-water canalDecked pool areaHuge tiki hutScreened patioUpdated kitchen
    Welcome to your slice of paradise in the heart of the Florida Keys. This Conch-style home is tucked away on a wide, clear, deep-water canal just 5 minutes from the crystal blue Atlantic Ocean. Boaters and anglers alike, will love the 60 ft concrete dock with boat lift--ideal for easy ocean access and unforgettable adventures on the water. World-class fishing, diving, snorkeling, and marine wildlife encounters all begin at your dock. Entertain in island style on the decked pool area, huge tiki hut, and screened patio perfect for relaxing or hosting. The interior boasts a huge, updated kitchen with tons of cabinetry, seamlessly flowing into an open living, dining, and kitchen area with views of the screened patio, Tiki Hut and pool.Enjoy resort-like living on Key Colony Beach with access to incredible amenities: golf, marina, pickleball, tennis, horseshoes, bocce ball, basketball, playgrounds, and Sunset Oceanfront Park. Everything you need is within reach--restaurants, shopping, post office, police & building departments, and 15 streets to walk, jog or bike. No problem getting here, only 3 miles to Marathon's Airport,53 miles to Key West International Airport,108 miles to Miami International Airport, and 139 miles to Ft Lauderdale Airport.Whether you're seeking a full-time residence, vacation retreat, or investment property, this home captures the best of island living in one perfect package.
    312 days
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    291
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    19
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    Zillow last checked:

    Listing updated:

    Listed by:

    Karen D Raspe 305-393-9010,

    Ocean Sotheby's International

    Source: FLKMLS,MLS#: 615786MLS LogoOriginating MLS: Marathon/Lower Keys

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Cooling
      • Central Air, Ductless, Ceiling Fans(s)
      Appliances
      • Included: Washer, Stainless Steel Appliance(s), Disposal, Range, Refrigerator, Dishwasher, Dryer
      • Laundry: Laundry Room
      Features
      • Dade County Pine
      • Flooring: Tile
      • Doors: Sliding Glass Doors, Impact Rstnce Doors
      • Windows: Window Treatments, Skylight(s), Impact Rstnce Window
      • Furnished: Yes
      Interior area
      • Total interior livable area: 1,646 sqft
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      Property

      Parking
      • Parking features: Garage, RV Parking Open, Off Street, Guest
      • Has garage: Yes
      • Has uncovered spaces: Yes
      Features
      • Levels: Ground Level
      • Patio & porch: Deck, Screened Patio, Patio
      • Has private pool: Yes
      • Pool features: Heated, In Ground, Decked, Fiberglass
      • Fencing: Privacy,Fenced
      • Has view: Yes
      • View description: Canal
      • Has water view: Yes
      • Water view: Canal
      • Waterfront features: Canal Front, Waterfront, Seawall: Concrete, Dock: Wood, Dock Length: 60, Dockage: Boat Lift
      Lot
      • Size: 6,534 Square Feet
      • Features: Less Than 1/4 Acre
      Details
      • Additional structures: Chickee Hut
      • Parcel number: 00073750000000
      • Zoning: R-1B
      • Zoning description: Key Colony Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • CBS
      • Roof: Tar/Gravel
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1958

      Utilities & green energy

      • Sewer: Community Swr Plant, Public Sewer
      • Utilities for property: FKAA, Buyer to Verify, Cable Connected

      Community & HOA

      Community
      • Features: Community Boat Ramp, Bike Paths, Airport/Runway, Beach, Tennis Court(s)
      • Security: Patrolled Area
      • Subdivision: Key Colony Beach (53.5)
      HOA
      • Has HOA: No
      • Services included: None
      Location
      • Region: Key Colony Beach

      Financial & listing details

      • Price per square foot: $911/sqft
      • Tax assessed value: $1,045,208
      • Annual tax amount: $11,468
      • Date on market: 7/13/2025
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        $5,527/mo

        Price history

        DateEventPrice
        4/14/2026Listed for sale$1,500,000$911/sqft
        Source: Key West AOR #615786 Report a problem
        4/3/2026Contingent$1,500,000$911/sqft
        Source: FLKMLS #615786 Report a problem
        3/7/2026Price change$1,500,000-4.5%$911/sqft
        Source: Key West AOR #615786 Report a problem
        2/11/2026Price change$1,570,000-1.6%$954/sqft
        Source: Key West AOR #615786 Report a problem
        11/13/2025Price change$1,595,000-5.6%$969/sqft
        Source: FLKMLS #615786 Report a problem
        8/10/2025Price change$1,690,000-0.6%$1,027/sqft
        Source: Key West AOR #615786 Report a problem
        7/13/2025Listed for sale$1,700,000-2.9%$1,033/sqft
        Source: FLKMLS #615786 Report a problem
        11/28/2023Listing removed--
        Source: FLKMLS #604994 Report a problem
        4/18/2023Listed for sale$1,750,000+52.2%$1,063/sqft
        Source: Key West AOR #604994 Report a problem
        6/2/2021Sold$1,150,000+109.1%$699/sqft
        Source: FLKMLS #596334 Report a problem
        5/22/2010Listing removed$550,000$334/sqft
        Source: American Caribbean Real Estate #550372 Report a problem
        5/15/2010Listed for sale$550,000+4.2%$334/sqft
        Source: American Caribbean Real Estate #550372 Report a problem
        3/31/2010Sold$528,000-8.2%$321/sqft
        Source: FLKMLS #550372 Report a problem
        12/23/2009Listed for sale$575,000+325.9%$349/sqft
        Source: American Caribbean Real Estate #550372 Report a problem
        5/19/1998Sold$135,000$82/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$10,276 -10.4%$1,045,208 -6.4%
        2024$11,468 +5.1%$1,116,643 +10%
        2023$10,910 +17.1%$1,015,130 +10%
        2022$9,318 +31%$922,845 +39%
        2021$7,113 +12.7%$663,963 +9.7%
        2020$6,310 $605,166 -4.1%
        2019$6,310 -3.9%$631,331 +0.5%
        2018$6,565 +4.4%$627,995 -2.1%
        2017$6,288 +4%$641,681 +5.8%
        2016$6,047 +3.5%$606,618 +16.2%
        2015$5,844 $521,996

        Find assessor info on the county website

        Monthly payment

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          Payment breakdown

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          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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          Climate risks

          Neighborhood: 33051

          Getting around

          16 / 100
          Car-Dependent
          30 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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