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125 Colson Drive

Cudjoe Key, FL 33042
  • $2,195,000
  • STATUS: Active
  • ON SITE: 30 Days
  • MLS #: 620325
UPDATED: 70 min ago
$2,195,000
  • 5
    BEDS
  • 1.57
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,903
    SQFT
  • $1,153
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1986
County:

School Ratings & Info

Description

TRANSIENT LICENSE * NIGHTLY RENTALS* PROVEN RENTAL INCOME* IDEAL 1031 EXCHANGE OPPORTUNITY Casa De Las Palmas Rarely does a Florida Keys property combine proven income, privacy, and future potential like this. Situated on nearly two acres spanning four lots, this unique compound offers a coveted transient license allowing nightly rentals and a well-established vacation rental business with a strong history of performance. Historically generating over $200,000 annually, with recent projections ranging from $250,000 to $300,000, this is an outstanding opportunity for investors, vacation rental operators, or buyers seeking a premier 1031 Exchange replacement property. More than just a rental property, this is a proven income-producing asset with an established guest base, and delivering the authentic Florida Keys experience that visitors seek. Rather than starting from scratch, a new owner can step into a property with a successful operating history and demonstrated demand. The property features a 4-bedroom, 2-bath main residence, relaxing pool, expansive outdoor living areas, and a separate concrete guest structure complete with bedroom, bath, and kitchenette. Fully fenced with two private entrances, the grounds offer exceptional privacy, abundant tropical landscaping, fruit trees, palms, and ample space for RVs, boat trailers, and recreational equipment. Over 100 Palm trees Future upside may exist through additional development opportunities, expansion of the existing compound, or further enhancement of the guest experience, subject to buyer verification and applicable regulations. Properties offering a transient license, multiple lots, substantial acreage, proven income, and future potential are increasingly rare in today's Florida Keys market. Whether you're seeking a high-performing vacation rental, a strategic 1031 Exchange acquisition, or a private Florida Keys retreat, this property is positioned to deliver value and Solid ROI from day one.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Jamie Engel & The Florida Keys Home Team | Coldwell Banker Schmitt Real Estate Co are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.buyinthekeys.com/homes/177944833
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125 Colson Drive Cudjoe Key, FL 33042

  • Price: $2,195,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 70 min ago
  • MLS #: 620325
5
Beds
3
Baths
0
½ Baths
1.57
Acres
1,903
SQFT
$1,153
$/SQFT
1986
Built
Neighborhood:
Cudjoe Acres (21.5)
County:
Monroe
Area:
07 - Cudjoe Key
Property Description
TRANSIENT LICENSE * NIGHTLY RENTALS* PROVEN RENTAL INCOME* IDEAL 1031 EXCHANGE OPPORTUNITY Casa De Las Palmas Rarely does a Florida Keys property combine proven income, privacy, and future potential like this. Situated on nearly two acres spanning four lots, this unique compound offers a coveted transient license allowing nightly rentals and a well-established vacation rental business with a strong history of performance. Historically generating over $200,000 annually, with recent projections ranging from $250,000 to $300,000, this is an outstanding opportunity for investors, vacation rental operators, or buyers seeking a premier 1031 Exchange replacement property. More than just a rental property, this is a proven income-producing asset with an established guest base, and delivering the authentic Florida Keys experience that visitors seek. Rather than starting from scratch, a new owner can step into a property with a successful operating history and demonstrated demand. The property features a 4-bedroom, 2-bath main residence, relaxing pool, expansive outdoor living areas, and a separate concrete guest structure complete with bedroom, bath, and kitchenette. Fully fenced with two private entrances, the grounds offer exceptional privacy, abundant tropical landscaping, fruit trees, palms, and ample space for RVs, boat trailers, and recreational equipment. Over 100 Palm trees Future upside may exist through additional development opportunities, expansion of the existing compound, or further enhancement of the guest experience, subject to buyer verification and applicable regulations. Properties offering a transient license, multiple lots, substantial acreage, proven income, and future potential are increasingly rare in today's Florida Keys market. Whether you're seeking a high-performing vacation rental, a strategic 1031 Exchange acquisition, or a private Florida Keys retreat, this property is positioned to deliver value and Solid ROI from day one.
Exterior Features

Architectural Style [] Attached Garage YN No Construction Materials Frame Dockage None Exterior Features FencingPrivacy Wall/Fence Parking Features OpenRV Access/ParkingStorage Patio And Porch Features [] Pool Features In GroundDecked Pool Private YN Yes Shutters AccordionPanel Vehicle Storage Open ParkingGuest ParkingRV Parking OpenTrailer Storage View [] Waterview Open Water View Window Features []

Interior Features

Accessibility Features [] Appliances RefrigeratorOven Cooling [] Flooring [] Furnished Unfurnished Interior Features [] Laundry Features [] Levels [] Rooms Total 0 Specialty Rooms Other

Property Features

Above Flood Yes Association Fee 0 Association Fee Includes SewerOther Association YN No Association1st Right Of Refusal No Building Features [] Community Features [] Control Depth 0 Deed Restricts Unknown Electric [] Flood Zone VEVEVE Frontage Type [] Green Energy Generation [] Green Water Conservation [] Land Size 1 Less Than 2 Acres Listing Terms CashConventional Marathon Nbhd N/A Mile Marker 21.5 Min Rental Days 1 Other Equipment [] Other Structures [] Pets Allowed Yes Property Condition [] Property Sub Type Single Family Residence Public Sewer Hookup Yes Rental Allowed Yes Security Features [] Special Licenses [] Stilt Column Height Tall - 10Ft & Over Tax Annual Amount 12849.65 Tax Legal Description 29 66 28 Cudjoe Key Pt Lot 2 / Parcels BAaBbCc And Undivided 1/8 Int In Road Parcel Unrecorded Sacarma Acres Or567 Tax Year 2025 Transient Rental License Yes Utilities [] Utilities Info FKAABuyer to Verify Water Source [] Waterfrnt No Waterfront None Waterfront Features [] Waterfront YN No Zoning SR - Sub Urban Residential District

Listing courtesy of Mykael Marinelli of American Caribbean Real Estate, Christie's International Real Estate: 305-664-4966.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Jamie Engel & The Florida Keys Home Team | Coldwell Banker Schmitt Real Estate Co are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Jamie Engel & The Florida Keys Home Team | Coldwell Banker Schmitt Real Estate Co
85996 Overseas Highway
Islamorada FL, 33036