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340 E Ocean Drive, 
Key Colony Beach, FL

$1,550,000

5

Beds

3

Baths

2,918

Sq Ft

Single Family

Virtual Tour

Active

Listed by

Jennifer Hamill

Coldwell Banker Schmitt Re Co

Last updated:

March 19, 2026, 03:10 PM

MLS#

B26002035

Source:

RMLS

About This Home

340 E Ocean Drive

Rare opportunity to own a legal duplex being sold as A Single Family Home in the heart of Key Colony Beach in the beautiful Florida Keys. Located just one street off the Atlantic Ocean, 340-350 E Ocean Drive offers exceptional space, boating access, and an amazing investment opportunity with flexibility at a competitive price designed to sell. With 5 bedrooms, 3 bathrooms, and over 2,900 sq ft of living space, this property provides the rare opportunity to own a large waterfront home while still benefiting from the layout of a legal duplex. Sold together as a single property, it offers incredible versatility for full-time living, vacation use, or income-producing investment. Boaters will appreciate 50 feet of dockage with dual docks, allowing space for multiple vessels. Buyer and buyers agent to verify all info

Home Facts

Single Family

3 Baths

5 Bedrooms

Built in 1986

Price Summary

1,550,000

$531 per Sq. Ft.

MLS #:

B26002035

Last Updated:

March 19, 2026, 03:10 PM

Added:

7 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

2,918 Sq. Ft.

Structure

Structure

Building Area:

3,712 Sq. Ft.

Year Built:

1986

Lot

Lot Size (Sq. Ft):

5,662

Finances & Disclosures

Finances

Price:

$1,550,000

Price per Sq. Ft:

$531 per Sq. Ft.

Source:RMLS
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively 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.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.