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Under Contract711 Days
$8,750,000

721 Ocean Dr
Key Colony, FL 33051

Land For Sale
91,650 Acre Lot
Compass Florida LLC

Description for 721 Ocean Dr, Key Colony, FL 33051

Discover endless possibilities with this prime vacant land parcel nestled in the heart of the Florida Keys! Spanning 2.10+/- acres (approx. 91,650+/- SF) of land with an additional 1.9+/- acres (approx. 85,000+/- SF) of adjacent bay bottom, this captivating oceanfront property presents an idyllic setting for a luxurious estate or a multi-unit development with up to 24 units. The possibility also exists to sub-divide the lot into three parcels. Permit is currently in place to rebuild the pier. Key Colony Beach epitomizes tranquility and serenity. Its prime location offers sweeping views of the Atlantic Ocean and seamless access to some of the best fishing, boating, and diving in the world. This blank canvas awaits your vision to create a masterpiece within this enchanting seaside community.

Property Details

Listing Details
Under Contract
Land
House/Single Family
For Sale
A11357703
$8,750,000
03/15/2023
396
Site Plan Filed
0344775
Location Information
US
FL
Monroe County
Key Colony
33051
2295606
Ocean Dr
721
Key Colony
W81° 27' 46.1''
N24° 59' 54''
721 W Ocean Dr
98 Florida Keys
W
Yes
Garage/Parking
No
No
Exterior Features
Ocean/Gulf
WaterFront and WaterAccess
Ocean Access,Ocean Front
Yes
Land Info
91,650 Acre
East
00078380-000000
Paved
Utilities
Other
Tax Info
LT 6 AMENDED & EXTENDED PLAT OF STEVENS SUBDIVISION SHELTER KEY PB4-8 OR153-186 OR346-349/350 OR380-383 OR540-809 OR633-42 OR659-873 OR672-2
2023
Listing Information
Compass Florida LLC
Audrey Ross
396
COMP06
Sefmiami
$8,750,000
No
Not Applicable
Electricity Available,Sewer Available,Water Available
Public

Price History

Source: MLS
DateEventPriceSource
2023-03-15Under Contract$8,750,000MLS
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Walk Score

Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

Walk Score

4

Bike Score

7

Transit Score

3

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Courtesy of Compass Florida LLC
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© 2025 Miami Association of REALTORS®. All rights reserved. The information is provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.