Price Reduced ListingRarely available and partially renovated in 2025 including new appliances, this 3 bedrooms, 3 baths residence offers one of the most desirable floor plans in Key Colony's sought-after hotel section. Featuring an oversized private terrace ideal for indoor-outdoor living and entertaining, this unique property stans out from virtually every competing unit in the community. Unlike most residences in Key Biscayne, this unit allows legal short-term rentals with no minimum lease period, offering unparalleled flexibility for personal use, seasonal enjoyment, or income generation. Currently lease through October 31st, the property is already producing a gross return exceeding 6%, making it an exceptional turnkey investment opportunity.
| MLS # | A12036429 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1981 |
| Days On Site | 72 |
| Listing Provided By | BHHS EWM Realty | Encina Neira |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,720 |
| Garage | 1 |
| Pool | Yes |
| Story(s) | 4 |
| Property View | Garden |
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Attached, Garage, One Space |
| Tax Annual Amount | 13213 |
|---|
| State | FL |
|---|---|
| County | Miami Dade |
| City | Key Biscayne |
| Zip Code | 33149 |
| Area | 42 |
| Community Name | KEY COLONY NO 4 CONDO |
| Listing VS Median (in KEY COLONY NO 4 CONDO) | |
Price: $1,540,000 low | high Med: $7,500 sqft: 1,720 low | high Med: 1,720 $ / sqft: $895 low | high Med: $4 On site: 72 low | high Med: 33 | |
| State | FL |
|---|---|
| County | Miami Dade |
| City | Key Biscayne |
| Zip Code | 33149 |
| Area | 42 |
| Community Name | KEY COLONY NO 4 CONDO |
| Listing VS Median (in KEY COLONY NO 4 CONDO) | |
Price: $1,540,000 low | high Med: $7,500 sqft: 1,720 low | high Med: 1,720 $ / sqft: $895 low | high Med: $4 On site: 72 low | high Med: 33 | |