55 Coral Way Stock Island, FL 33040

Here is your chance to purchase a TRUE TRANSIENT 3BR/3BA 1420 sq ft home. OCTOPUS'S GARDEN is one of only 8 stand alone units in the Coral Hammock gated community and has generated up to $157,000 in gross annual income. This income-producing home is being offered as a turnkey purchase, whimsically decorated with furnishings that reflect the laid-back, quirky island life style of Key West. You will be just down the street from the famous Hogfish Bar & Grill, Roostica Pizzeria, Hurricane Hole Marina & Restaurant and Chico's Cantina. The Key West Golf Club is just across the street. You will be just a short bike or Uber ride from Old Town Key West.THE COMMUNITY & GROUNDS...This large, freestanding home has two off street parking spaces directly in front, with a grassy lawn that surrounds the house front and back. The front porch offers a shaded area to sit and relax. The back porch is perfect for a BBQ and the great big back yard is great for the kids. An enormous communal swimming pool surrounded by plenty of chaise lounges is through a gate directly across from your front door. Access to the clubhouse includes a shaded patio area overlooking the pool, as well as an indoor gathering area and a private fitness center with cardio equipment and free weights.FEATURES...**New impact doors and windows installed recently**New HVAC system installed in April 2025 with warranty**Interior and all exterior walls, and trim freshly painted**All decks freshly painted**Range, dish washer & microwave all replaced within the last three years**New furnishings & art work recently installed.**High quality flooring installed.**Home is scheduled for preventative termite tenting July 20.** Washer and Dryer** Ceiling Fans** TVs in Living Room & All Bedrooms** Fully Equipped Kitchen** Linens and Towels included** Community Pool Access** Assigned Off-street Parking for 2 cars** Fitness Center** Clubhouse available for private parties