Current Use by Public Records
- Specialty properties
Property Details for 721 Ocean Dr
- Property type
- 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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Key Colony Beach
- County
- Monroe
- State
- Florida
- Longitude
- -81.0195
- Latitude
- 24.7197
