Active

125 Colson Drive DRIVE

Cudjoe Key, FL 33042

$2,195,000 $9,254/Mo

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Overview

Bed

Bath

1,903

Sqft

Description

TRANSIENT LICENSE * NIGHTLY RENTALS* PROVEN RENTAL INCOME* IDEAL 1031 EXCHANGE OPPORTUNITYRarely 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.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.

Property Details

Property Type : Residential - Single Family

Price : $2,195,000

AD Id : 84713497

MLS Id : 620252

Beds : 4

Living Area Size : 1,903

Year Built : 1986

County : Monroe

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 4 Other

Bathroom Information

Total Baths: 2 Full Baths: 2
Interior Features

Appliances Other: YES
Heating & Cooling

Water Front: No None Open Water View

Building Information

Year Built: 1986 Total Units: 0.00 Floor Location: 68400 Construction: Frame
Exterior Features

Fencing,Privacy Wall/Fence

Pool Information

In Ground,Decked

Lot Information

Lot Dimensions: 4 lots for just under 2 acres Lot SqFt: 68,400 Lot SqFt Source: Tax Records 29 66 28 CUDJOE KEY PT LOT 2 / PARCELS B, AA, BB, CC AND UNDIVIDED 1/8 INT IN ROAD PARCEL UNRECORDED SACARMA ACRES OR567
Property Information

SQ ft (Living Area): 1,903 View: Open Water View Subdivision: Cudjoe Acres (21.5)

Listing Price Information

List Price: $2,195,000
Listing Information

Cash,Conventional

Tax Information

Taxes: $12,850 Tax Year: 2025 Parcel Number: 00115840-000201 Tax Exemptions: None

Multi-Unit Information

Pets Allowed: Pets Allowed
Homeowners Association Information

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee: $0.00

Utility Information

FKAA,Buyer to Verify

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
116 Spanish Main Drive, ,, FL, 33042	$1,269,000	2	2	1,100	1,100 SqFt
22920 Privateer Drive, ,, FL, 33042	$590,000	3	2	1,560	1,560 SqFt
701 Spanish Main Drive .., Cudjoe Key, FL, 33042	$879,000	2	2	816	816 SqFt
701 Spanish Main Drive .., Cudjoe Key, FL, 33042	$859,000	2	2	861	861 SqFt
701 Spanish Main Drive .., Cudjoe Key, FL, 33042	$575,000	2	2	861	861 SqFt
701 Spanish Main Drive .., Cudjoe Key, FL, 33042	$399,900	2	1	833	833 SqFt
701 Spanish Main Drive .., Cudjoe Key, FL, 33042	$669,000	2	2	816	816 SqFt
701 Spanish Main Drive .., Cudjoe Key, FL, 33042	$339,000	2	1	728	728 SqFt
701 Spanish Main Drive .., Cudjoe Key, FL, 33042	$595,000	2	2	816	816 SqFt
701 Spanish Main Drive .., Cudjoe Key, FL, 33042	$499,000	2	2	618	618 SqFt

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ByOwner last updated this listing 06/13/2026 @ 15:51

MLS: 620252 LISTED BY: Mykael A. Marinelli , American Caribbean Real Estate, Christie's International Real Estate 305-664-4966 SOURCE: Florida Keys MLS, Inc.