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    47 Sadowski Key Colony Beach, FL 33051

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    For Sale
    $845,000

    Multi-family - Key Colony, FL

    Type:Multi Family
    Property size:
    1,040 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $812/SF
    Added:
    Apr 9, 2026
    Days on Market:
    24
    Last Refresh:
    May 2 at 6:06 pm

    Property Features for 47 Sadowski

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Zoning
    R-2B - Key Colony Two Family
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Parking features
    Open
    Interior features
    Built-in Cabinets, Window Treatments, Storage
    Exterior features
    Rain Gutters, Storage
    Appliances
    Dishwasher, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    00079400-000000
    Size
    1,040 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    6773.93

    Utilities

    Cooling system
    Ceiling Fan(s)
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    1995
    Floors in Building
    1
    Flooring type
    Tile
    Roof type
    Other
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Ryan Gernaat

    Listing agent Ryan Gernaat License #3547667

    Listing office Coldwell Banker Schmitt Lower Keys (KW) 29967 Overseas Highway, Big Pine Key, FL

    Listing date Apr 9, 2026

    MLS# 615903 Listing URL

    Copyright © 2026 Key West 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.

    Overview

    Waterfront Retreat in Key Colony

    This waterfront property, known as Turquoise Lagoon, is located in Key Colony, FL. The property features 2 bedrooms and 2 bathrooms. The residence offers open bay views and includes two private docks providing access to the sea. The kitchen is equipped with granite countertops, a center island with seating, and updated appliances. The living room features a wall of glass showcasing views of Bonefish Bay. Accordion storm shutters are installed on all windows. The property is being sold fully furnished, including furniture, kitchenware, and essentials. Outside, a spacious deck overlooks the water, leading to two docks. One dock features a boat lift with water and electric hookups. The second dock is a pull-in slip. There is also a launch area for kayaks, paddleboards, and wave runners. The shared left-side walk-out dock includes exclusive rights to the lift and an additional slip. A long, palm-lined paver driveway provides parking. Downstairs, a storage/workshop area includes two kayaks, a bait freezer, and a fish-cleaning station. The property is located on a lot of 0.09 acres and has a property size of 1040 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Key Colony Beach
    County
    Monroe
    State
    Florida
    Longitude
    -81.0216
    Latitude
    24.7226

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    FAQs

    What type of property is this?
    Duplex - 2-bedroom, 2-bath waterfront retreat with open bay views and docks.
    Where is this duplex located?
    The property is located at 47 Sadowski Key Colony Beach, FL.
    What is the asking price?
    The asking price for this property is $845,000.
    What are key features of this property?
    This property features: Waterfront property on Bonefish Bay with spectacular open bay views.; Two private docks, one with a boat lift and the other a pull‑in slip.; Turnkey and fully furnished, including furniture, kitchenware, and essentials.
    (352) 212-2299
    We can help!
    Listing Contact
    Ryan Gernaat
    Real Estate License ID: 3547667
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    47 Sadowski, Key Colony, FL 33051

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