For Sale
$8,750,000

721 Ocean Dr Key Colony Beach, FL 33051

Prime 2.1+ acre oceanfront development site.

Overview

Added:
Dec 11, 2024
Days on market:
136
Discover a remarkable opportunity to acquire a prime 2.1+ acre (approximately 91,650 square feet) vacant oceanfront land parcel in the idyllic Key Colony Beach, Florida. This exceptional property boasts an additional 1.9+ acres (approximately 85,000 square feet) of adjacent bay bottom, significantly expanding its potential. Located at 721 W Ocean Dr, 33051, in Monroe County, this site presents an unparalleled canvas for a variety of development projects. Imagine creating a luxurious estate, or a multi-unit development with the potential for up to 27 units. The property also offers the possibility of subdivision into three separate parcels, providing added flexibility. Currently, a permit is in place for pier reconstruction, adding further value and potential. Key Colony Beach is renowned for its tranquil atmosphere and stunning natural beauty, offering breathtaking Atlantic Ocean views and unparalleled access to world-class fishing, boating, and diving. This exceptional location, combined with the expansive acreage and development potential, makes this property an extraordinary investment opportunity. The asking price for this exceptional property is $8,750,000.

Highlights

  • $8,750,000 asking price.
  • Special Purpose property.
  • 2.1+ acres of land, plus 1.9+ acres of adjacent bay bottom.
  • Oceanfront location in Key Colony Beach, FL.
  • Potential for up to 27 units or subdivision into three parcels.
  • Permit in place for pier rebuild.

Property Details for 721 Ocean Dr

Property type
Specialty properties

Location Insight

City
Key Colony Beach
County
Monroe
State
Florida
Latitude
24.7196837
Longitude
-81.0194982

FAQs

What type of property is this?
Specialty property - Prime 2.1+ acre oceanfront development site.
Where is the specialty property located?
The property is located at 721 Ocean Dr Key Colony Beach, FL.
What is the asking price?
The asking price for this property is $8,750,000.
What are key features of this property?
This property features: $8,750,000 asking price.; Special Purpose property.; 2.1+ acres of land, plus 1.9+ acres of adjacent bay bottom.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
721 Ocean Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message