$2,195,000

Single Family Home/House Cudjoe United States

  • 5 Beds
  • 3 Baths
  • 1,903 Sqft
  • 1.57 Ac lot
  • Updated: July 7
  • 2
    Views for last 30 days
  • MLS#620325

About the Property

TRANSIENT LICENSE * NIGHTLY RENTALS* PROVEN RENTAL INCOME* IDEAL 1031 EXCHANGE OPPORTUNITY Casa De Las Palmas Rarely 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 stron
TRANSIENT LICENSE * NIGHTLY RENTALS* PROVEN RENTAL INCOME* IDEAL 1031 EXCHANGE OPPORTUNITY Casa De Las Palmas Rarely 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. Over 100 Palm trees 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 type

    House

  • Year built

    1986

  • Price/sqft

    $1,153

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125 Colson Drive, Summerland Key, Florida, United States View on Google Maps
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Mykael Marinelli
Florida, United States
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3
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2025
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American Caribbean Christie's International Real Estate - Islamorada
American Caribbean Christie's International Real Estate - Islamorada
81800 Overseas Highway, 33036, Islamorada, Florida, United States
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About Our Islamorada Office 


Welcome to American Caribbean Real Estate’s Islamorada office, stra

About Our Islamorada Office 


Welcome to American Caribbean Real Estate’s Islamorada office, strategically located across from the iconic Cheeca Lodge and Spa. As the exclusive Christie’s International Real Estate Brokerage in the Florida Keys, our Islamorada office is a vital hub for customers seeking the ultimate Florida Keys lifestyle. 


Islamorada: A Village of Islands 


Islamorada, aptly named the ”Village of Islands,” comprises a string of picturesque islands, including Plantation Key, Windley Key, Upper Matecumbe Key, Lower Matecumbe Key, Craig Key, and Fiesta Key. Famous for its crystal-blue waters, world-class sport fishing, and laid-back atmosphere, Islamorada is the perfect destination for those seeking both adventure and tranquility. 


Islamorada is renowned as the ”Sport Fishing Capital of the World.” Seasoned anglers flock to these clear, warm waters in search of world-record catches. Charter one of the many professional offshore captains or rent a boat from one of the countless local marinas and fish for dinner or catch-and-release sport fish, including mahi-mahi, tuna, sailfish, swordfish, and wahoo. For those who prefer backcountry saltwater fly fishing, the bayside in the Everglades National Park offers the opportunity to land a Grand Slam—catching a tarpon, a bonefish, and a permit—or to pursue snook and redfish in just inches of water. 


Stunning coastal-inspired homes line the shores of Islamorada, offering spectacular sunrise and sunset views. Whether you start your day with a serene sunrise on your oceanfront veranda or embark on a thrilling water adventure, the Keys provide endless possibilities. 


Islamorada caters to all tastes, with high-end resorts and waterfront eateries for those seeking luxury, as well as more casual and affordable options. Morada Way, the host of the monthly Art Walk, boasts numerous local art galleries and boutiques, making Islamorada’s shopping scene the best in the Upper Keys. 


Unique experiences abound in Islamorada. Swim with the dolphins at Theater of the Sea, a marine mammal park, or feed the tarpon at Robbie’s Marina. Visit the History of Diving Museum to view exhibits such as a 16th-century treasure chest, snorkel around Alligator Lighthouse, or take an eco-tour through the backcountry’s winding creeks on a paddleboard or kayak. Learn to scuba dive while observing spectacular coral heads and tropical fish, or enjoy a sunset cruise to one of the many world-class waterfront dining establishments offering fresh-from-the-dock seafood and other culinary delights. 


Our Commitment to Islamorada 


Our Islamorada office stands as a beacon of excellence, providing exceptional real estate services to those drawn to the beauty and lifestyle of the Florida Keys. Our experienced real estate advisors are deeply connected to the community and offer unparalleled local knowledge and expertise. We are dedicated to delivering a personal level of service that ensures our customers’ comfort and confidence, making us a trusted partner in their real estate journey. 


Whether you are buying or selling property in Islamorada, American Caribbean Real Estate is here to make your real estate experience a successful and satisfying one. Discover the charm and allure of Islamorada with us and find your perfect piece of paradise in this extraordinary Village of Islands. 

Last updated
July 7
First listed
Jun 20
Listing reference
FKMLS620325
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