#613216, Listing Office: Coldwell Banker Schmitt Real Estate Co.
Property details
About 721 W Ocean Dr
Fantastic Oceanfront Development Opportunity in the heart of the Florida Keys! 2+ acres of prime oceanfront boasting 225' of beach front with dock permit in Key Colony Beach. A total of 3 lots with endless possibilities. Previous use was a 22 unit condominium. Or look into separating the lots to build 3 new luxury beach homes which are in very hot demand and rare to find. One house on this street sold March 2025 for $12 Million. Key Colony Beach is an upscale coastal community in the Middle Keys offering beautiful beaches, par 3 golf course, basketball, pickle and bocce ball, shopping and dining, marina, fishing charters, and 3 parks including Sunset Park where you will find Keys famous sunsets over the ocean all year long. Key Colony Beach also enjoys it's own police force and quick access to the Marathon Airport which is just minutes away.
Highlights
Summary
- MLS Number: 614678
- MLS Name: KeyWest
- Office Name: Coldwell Banker Schmitt Lower Keys (KW)
- Office Phone: (305) 872-3050
- Listing Agent: Lisa H Ferringo
The data relating to real estate for sale on this web site comes in part from the IDX Program of Key West Association of REALTORS®, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025 Key West Association of REALTORS®, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/19/2025, 4:15:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹

$9,198,000
721 W Ocean Dr
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
5
Stanley Switlik Elementary School
Public District PK-5
4.7 mi
•3400 Overseas Hwy
9
Big Pine Academy
Public Charter PK-5
21.7 mi
•30220 Overseas Hwy
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $58,546. Typical income of Key Colony, FL residents is between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
Similar homes for sale
Frequently asked questions
About 721 W Ocean Dr
This home is located at 721 W Ocean Dr in Key Colony, FL and zip code 33050. Features: 0 bathroom. It has been listed on Rocket Homes since April 17, 2025 and is currently priced at $9,198,000.