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Waterfront Residential Income Property
For Sale
$889,000

46 Sadowski Causeway, Key Colony Beach, FL 33051

Residential, Key Colony, FL

Property Size975 SF
Lot Size0.05 Acres
Price / SF$911.79
Days on Market57

Property Features for 46 Sadowski Causeway

General Information

Property type Residential
Property subtype Duplex
Zoning R-2B - Key Colony Two Fam
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1
Patio and Porch features Patio, Porch
Pets allowed Yes
Interior features Built-in Cabinets
Exterior features Storage
Appliances Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave
Subdivision Marina Sub (54.0)
View Lake, Harbor, Water
Directions Turn on Sadowski Causeway over first bridge, second property on the left, sign on property.
Standard status Active
APN 00079410-000100
Size 975 SF
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description NLY 1/2 LT 2 AND ADJ FILL BAY BTM MARINA SUB PLAT 2 PB4-53
Tax Annual Amount 4141
Legal Description NLY 1/2 LT 2 AND ADJ FILL BAY BTM MARINA SUB PLAT 2 PB4-53

Utilities

Utilities Cable Available
Heating system Electric (Heating), Central
Cooling system Central Air
Water front features Lake Front
Water front 1

Amenities

private balconies
deep-water pier-style dock
dedicated tackle room

Building Details

Year built 2002
Flooring type Tile
Building materials CBS, Concrete
Roof type Metal
Additional Structures Storage
Listing Agency: Ocean Sotheby's International · Sotheby's International Realty
Listed By: Jo Ann Cook · License #3330898
Added: Jul 8 Changed: Sep 1 Last Checked: Sep 2 at 5:06PM
MLS# 620568

Copyright © 2026 Marathon and Lower Keys Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This renovated waterfront half-duplex in Key Colony Beach offers 975 square feet with two bedrooms and two bathrooms. The elevated concrete structure was built in 2002 and includes a metal roof, impact windows, tile flooring, central air, and central electric heating. Porches and patios extend the living area, while built-in cabinetry and storage support everyday use. The property also includes a washer, dryer, dishwasher, refrigerator, range, oven, and microwave.

Lake frontage and a pier-style dock accommodate boats up to 40 feet. Parking is available for up to three vehicles, including two covered spaces beneath the home and one uncovered driveway space. A dedicated tackle room provides additional storage for boating equipment. R-2B zoning permits seven-day rentals, and the property is within walking distance of Sunset Park, the Key Colony Beach Golf Course, tennis and pickleball courts, the Cabana Club, and the Key Colony Beach Marina.

Key Highlights

  • Renovated 975‑square‑foot waterfront half‑duplex with 2 bedrooms and 2 bathrooms
  • Lake frontage with a pier‑style dock accommodating boats up to 40 feet
  • R‑2B - Key Colony Two Fam zoning with 7‑day rentals permitted

Property Analytics

Current Use

Short term rental ...

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

330
Businesses Nearby

Demographics for 33051, FL

790
Population
1,132
Households
0.7
Avg Household Size
63
Median Age
48%
College-Educated
95%
High-School Grad
0.4 sq mi
ZIP Area
1,975
Density / Sq Mi
$94,531
Median Household Income
$38,860
Median Earnings
$1,849
Median Rent
$834,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - Renovated two-bedroom home with a dock and permitted seven-day rentals.
Where is this residential income property located?
The property is located at 46 Sadowski Causeway Key Colony Beach, FL.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: Renovated 975‑square‑foot waterfront half‑duplex with 2 bedrooms and 2 bathrooms; Lake frontage with a pier‑style dock accommodating boats up to 40 feet; R‑2B - Key Colony Two Fam zoning with 7‑day rentals permitted
More about this property
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