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714 Olivia Street STREET # 6

KEY WEST, FL 33040
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Bed 1

Bed

Bath 1

Bath

SqFt475

Sqft

A TRANSIENT LICENSED vacation rental located in the heart of Old Town Key West, the X flood zone and just 2.5 blocks from world famous Duval Street. The transient license allows for nightly rentals. A savvy investor could pounce on this rare opportunity to own a well-managed income producing property with excellent history & immediate income. Unit 6, aka Hidden Oasis, is 1 of only 11 units within the coveted enclave known as The Colony which features a large heated community pool, shared off-street parking and a gated entry to the pool area & the unit, all managed by the HOA. Hidden Oasis has a prime location within the community tucked into the back left corner with an entry deck and an abundant private rear deck that includes exclusive use of umbrella seating for 4, a propane grill, a full size washer & dryer and an outdoor shower stall. This well maintained unit has an updated kitchen, bathroom and mini-split air conditioning. The living area is light & airy with transom windows, vaulted ceilings and a well-appointed open kitchen. The spacious bedroom features a king sized bed, tropical decor and access to the front deck. Pride of ownership is obvious when you review the recent history of this owner managed HOA. The community pool was resurfaced in 2021, all buildings had new metal roofs installed in 2023 and all buildings were termite tented August 2026. Take advantage of this rare opportunity for an excellent Key West investment with an owner use option. With local property management & HOA management already in place, Hidden Oasis makes for an immediate complete turnkey 'hands-free' vacation rental ownership choice for a remote owner. Sold furnished with future bookings.

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Detail Ic Property Details

Property Type : Residential - Condo/Townhouse

Price : $1,225,000

AD Id : 90980233

MLS Id : 621189

Beds : 1

Living Area Size : 475

Tax Amount : 5611.45

Year Built : 1943

County : Monroe

Subdivision: Old Town - Unlisted (1.0)

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Feature Features

  • Bedroom Information

    Total Bedrooms: 1

    Bathroom Information

    Total Baths: 1 Full Baths: 1
  • Interior Features

    Smoke Alarms,Window Treatments,Quartz Countertops Appliances: Washer,Stainless Steel Appliance(s),Microwave,Oven,Refrigerator,Dishwasher,Dryer
  • Roofing Information

    Metal Roof

    Flooring Information

    Tile

    Heating & Cooling

    Cooling: Ceiling Fans(s),Ductless Water Front: No None No Waterview

    Window Information

    Window Treatments: French Doors

  • Building Information

    Year Built: 1943 Floor Location: 0 Construction: Frame Roof: Metal Roof
  • Exterior Features

    Fencing,Outdoor Shower,Rain Gutters

    Pool Information

    In Ground,Decked,Concrete Heated: Yes

  • Lot Information

    Lot SqFt: 0 Unit 6 The Colony Condominium Or2051-920 Or2103-519/21 Or2299-1634 Or3130-0105 Or3135-1923
  • Property Information

    SQ ft (Living Area): 475 View: No Waterview Subdivision: Old Town - Unlisted (1.0)

  • Listing Price Information

    List Price: $1,225,000

  • Tax Information

    Taxes: $5,611 Tax Year: 2025 Parcel Number: 00020460000106 Tax Exemptions: None

  • Multi-Unit Information

    Restrict: YES
  • Homeowners Association Information

    Mandatory Home Owners Asc: Yes Condo Doc's: Yes 1st Right of Refusal: No Association Fee: $2500.00 Assoc/Mnt Fee Per: Quarterly

  • Utility Information

    FKAA,Elect Separate Meter,Municipal Sewer
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ByOwner last updated this listing 09/05/2026 @ 08:32

MLS: 621189 LISTED BY: Caroline Bauer , Key West Sales, LLC 305-731-3926 SOURCE: Florida Keys MLS, Inc.

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