721 W Ocean Drive, Key Colony, Florida, United States | Residential Land For Sale at GLOBAL LISTINGS

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Residential Land For Sale

$9,198,000

721 W Ocean Drive
Key Colony, Florida, United States

Listed By: Homes & Land Magazine

Listed On: 05/07/2025

Listing ID: GL12063279 View More Details

Description

Fantastic Oceanfront Development Opportunity in the heart of the Florida Keys! 2+ acres of prime oceanfront boasting 225#039; of beach front with dock permit in Key Colony Beach. A total of 3 lots with endless possibilities. Previous use was a 22 unit condominium. Or look into separating the lots to build 3 new luxury beach homes which are in very hot demand and rare to find. One house on this street sold March 2025 for $12 Million. Key Colony Beach is an upscale coastal community in the Middle Keys offering beautiful beaches, par 3 golf course, basketball, pickle and bocce ball, shopping and dining, marina, fishing charters, and 3 parks including Sunset Park where you will find Keys famous sunsets over the ocean all year long. Key Colony Beach also enjoys it#039;s own police force and quick access to the Marathon Airport which is just minutes away.