Key Colony Beach Ultimate Real Estate Guide 

Are you dreaming of owning a piece of paradise in the Florida Keys? Look no further than Key Colony Beach, a charming island located in the heart of the Florida Keys. Key Colony Beach has become a popular destination for vacation rentals and real estate investments. In this blog post, we’ll provide you with an ultimate guide to Key Colony Beach real estate, including an overview of the real estate market, information on vacation rentals and investment properties.  

Key Colony Beach offers a wide range of real estate choices, catering to diverse preferences. From spacious single-family homes to versatile full duplexes, half duplexes, townhomes, and modern condos, there’s something for everyone.

Single Family Homes Keys Colony Beach

If you’re in search of a single-family home in Key Colony Beach, you’ll want to focus your search between 11th Street and 15th Circle. Right in the heart of 11th Street is where you’ll find the transition from half duplexes to single-family homes as per zoning regulations. The single-family homes in Key Colony Beach showcase a diverse range of architectural styles, ranging from classic Florida designs to contemporary modern constructions. One notable advantage of these homes is that they typically come with larger lots, which often means more waterfront access.

Full Duplexes in Key Colony Beach

In Key Colony Beach, there are only a handful of full duplexes that remain intact. In the past, many owners have chosen to divide and sell off each side separately. As a result, finding a full duplex with a single owner has become a rarity and a challenging task.

Half Duplexes in Key Colony Beach

Key Colony Beach features a number of half duplexes, most of which are single-story structures made of concrete and constructed in the 1960s. It’s common to find multiple entry doors in these half duplexes, providing separate access to different sections of the building. In some cases, you may need to pass through one bedroom to reach another, as there may not be a traditional hallway. However, many of these half duplexes have been modernized and renovated over the years, with some appearing so updated that their original construction date may not be apparent at first glance.

Waterfront or Non Waterfront Homes in Key Colony Beach

The majority of properties in Key Colony Beach are situated along canals, offering waterfront views and access. However, there are also a few homes that are not located directly on the water, known as “dry lots.”

Key Colony Beach Condos and Townhomes

The majority of condos in Key Colony Beach are strategically located along West Ocean Drive or East Ocean Drive, offering breathtaking ocean views from the edge of the island. These condos have some of the best beaches in all the keys. However, it’s worth noting that only one condo in Key Colony Beach provides docks exclusively for its owners. If having a private dock outside your condo is a priority, you may need to explore other areas in the Florida Keys to find such amenities.

Cost of Real Estate

As one of the premier islands in the Florida Keys, Key Colony Beach is known for its exceptional beauty and desirable location. Consequently, the cost of owning a home in this sought-after area tends to be higher compared to other locations in the area.

Vacation Rentals in Key Colony Beach

Key Colony Beach is a coveted destination for vacation rentals due to its policy of allowing weekly rentals, making it one of the most popular vacation rental locations in the Florida Keys. In fact, there are currently more vacation rentals than full-time residences in the area. Vacation rentals are typically managed by local companies, which charge an average management fee of around 20 percent of the rental income. This makes it a lucrative option for property owners who are looking to generate income through short-term rentals.

Two Vacation Rental Seasons

Key Colony Beach experiences two distinct vacation rental seasons. The first season is from January through April, when the island sees an influx of “snowbirds” seeking warmth during the winter months. The second season falls in the summer months of June to August, attracting families from Florida and beyond for summer vacations. On the other hand, September, October, and November tend to be slower and less crowded months, with fewer visitors compared to the peak seasons.

Second Homes in Key Colony Beach

While some owners opt to keep their properties in Key Colony Beach as second homes and not rent them out, this is not a common practice. This is because homes in Key Colony Beach are highly sought-after for vacation rentals and can generate substantial income for property owners. As a result, the majority of homeowners choose to take advantage of the lucrative rental market in Key Colony Beach and rent out their properties to generate additional revenue.

East Facing and West Facing

When searching for a home in Key Colony Beach, you’ll often come across listings that mention “East Facing” or “West Facing.” An “East Facing” home means that in the late afternoon, when you’re in your backyard by the canal, you’ll have shade. On the other hand, a “West Facing” home will have sunshine in the later afternoon. Generally, an East facing home is preferred because Key Colony Beach can get hot, especially during the summer. If you plan to live in Key Colony Beach full time, I highly recommend considering an “East Facing” property. However, if you’re a snowbird and only plan to visit during the winter months, a “West Facing” home could be a good option.

Canals in Key Colony Beach

Key Colony Beach is renowned for its exceptional boating opportunities and picturesque canals, making it a dream destination for boating enthusiasts. The majority of canals in Key Colony Beach are an impressive 200 feet wide, providing ample space for smooth navigation. Additionally, Key Colony Beach’s strategic location near Vaca Cut, which connects the ocean to the gulf, further enhances its appeal for boaters. Whether you’re cruising the canals or exploring the open waters, Key Colony Beach offers unparalleled boating experiences in the Florida Keys.

Local Resources:

City of Key Colony Beach

Seach Homes for Sale Key Colony Beach

AMY PRUMO &

THOMAS CARDEN

Amy is a highly accomplished Florida Keys Elite Agent and Diamond Award Winner with over a decade of experience in real estate. With a background in marketing and sales strategy development, she offers a versatile skill set and a commitment to excellence. Tom is an exceptional professional in the Building, Planning, Zoning, and Development field, known for his expertise and leadership. As the owner of Alliance Custom Builders, he delivers top-quality construction projects, supported by his extensive experience and licenses.

Amy and Tom’s outstanding track records and leadership positions in their fields have earned them widespread respect and admiration.