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Oceanfront Development Land with Dock Permit
For Sale
$9,198,000
Pending

721 W Ocean Dr, Key Colony Beach, FL 33051

Oceanfront site with dock permit, 3 lots, and prior 22-unit condominium use in Key Colony Beach.

Property SizeContact for details
Lot Size2.00 Acres
Days on Market494

Property Features for 721 W Ocean Dr

General Information

Standard status Pending
Lot size 2.00 Acres
Property subtype Land
Listing Agency: Coldwell Banker Schmitt Real Estate Co
Listed By: Lisa H Ferringo · License #605677
Source: Exprealty
Added: Apr 17, 2025 Changed: Aug 20 Last Checked: Aug 22 at 12:41PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Schmitt Real Estate Co

Investment Insights

Based on property information with market context.

This oceanfront development land offering includes 3 lots totaling 2+ acres with 225 feet of beach frontage and a dock permit. The property reflects a prior 22-unit condominium use, with the current configuration presenting opportunities for continued redevelopment and lot-level planning under the existing site framework.

Located in Key Colony Beach in the Florida Keys, the site benefits from access to local community amenities, including a marina, fishing charters, and multiple parks. The area is described as an upscale coastal community, and the remarks note quick access to Marathon Airport.

The combination of beachfront depth, dock permit documentation, and multiple lots is designed to support flexible oceanfront development planning within Key Colony Beach.

Key Highlights

  • Oceanfront development site in Key Colony Beach with 2+ acres and 225' of beachfront.
  • Dock permit included.
  • Property consists of 3 lots, offering multiple development possibilities.

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Parking Lot & Garage Dental Office Electrical Service Furniture & Home Goods Grocery & Convenience Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

147
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
Rey
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Frequently Asked Questions

What type of property is this?
Waterfront Land - Oceanfront site with dock permit, 3 lots, and prior 22-unit condominium use in Key Colony Beach.
Where is this waterfront land located?
The property is located at 721 W Ocean Dr Key Colony Beach, FL.
What is the asking price?
The asking price for this property is $9,198,000.
What are key features of this property?
This property features: Oceanfront development site in Key Colony Beach with 2+ acres and 225' of beachfront.; Dock permit included.; Property consists of 3 lots, offering multiple development possibilities.
More about this property
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