125 Colson Drive DRIVE
Cudjoe Key, FL 33042
5
Bed
3
Bath
1,903Sqft
TRANSIENT LICENSE * NIGHTLY RENTALS* PROVEN RENTAL INCOME* IDEAL 1031 EXCHANGE OPPORTUNITYCasa De Las PalmasRarely 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 authe
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 5 OtherBathroom Information
Total Baths: 3 Full Baths: 3 -
Interior Features
Appliances: Refrigerator,Oven Appliances Other: YES -
Heating & Cooling
Water Front: No None Open Water View
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Building Information
Year Built: 1986 Total Units: 0.00 Floor Location: 68400 Construction: Frame -
Exterior Features
Fencing,Privacy Wall/FencePool Information
In Ground,Decked
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Lot Information
Lot Dimensions: 4 lots plus easement total of 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)
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Listing Price Information
List Price: $2,195,000 -
Listing Information
Cash,Conventional
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Tax Information
Taxes: $12,850 Tax Year: 2025 Parcel Number: 00115840000201 Tax Exemptions: None
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Multi-Unit Information
Pets Allowed: Pets Allowed -
Homeowners Association Information
Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee: $0.00
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Utility Information
FKAA,Buyer to Verify
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 701 Spanish Main Drive .., Cudjoe Key, FL, 33042 | $879,000 | 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 | $549,000 | 2 | 2 | 816 | 816 SqFt |
| 701 Spanish Main Drive .., Cudjoe Key, FL, 33042 | $639,000 | 2 | 2 | 864 | 864 SqFt |
| 701 Spanish Main Drive .., Cudjoe Key, FL, 33042 | $329,000 | 2 | 2 | 748 | 748 SqFt |
| 701 Spanish Main Drive .., Cudjoe Key, FL, 33042 | $350,000 | 2 | 1 | 726 | 726 SqFt |
| 701 Spanish Main Drive .., Cudjoe Key, FL, 33042 | $525,000 | 2 | 2 | 816 | 816 SqFt |
| 701 Spanish Main Drive .., Cudjoe Key, FL, 33042 | $649,000 | 2 | 2 | 840 | 840 SqFt |
| 701 Spanish Main Drive .., Cudjoe Key, FL, 33042 | $649,000 | 2 | 2 | 840 | 840 SqFt |
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ByOwner last updated this listing 08/21/2026 @ 06:10
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