721 Ocean DrKey Colony Beach, FL 33051

  • Specialty properties
For Sale
$8,750,000 View listing

Property Details for 721 Ocean Dr

Property type
Specialty properties
Property subtype
Other specialty properties

Description

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.

721 Ocean Dr, Key Colony Beach, Florida

Location Insight

City
Key Colony Beach
County
Monroe
State
Florida
Latitude
24.7197
Longitude
-81.0195

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