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Blue Mar Real Estate Group Inc., Licensed Florida Real Estate Broker

Blue Mar Real Estate Group Inc.

Licensed Florida Real Estate Broker · DBPR License CQ1018554

4000 Ponce De Leon Blvd, Suite 470, Coral Gables, FL 33146

[email protected]

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701 Spanish Main Drive LOT 559 photo 1
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+20

701 Spanish Main Drive LOT 559

Cudjoe Key, FL, 33042

Active

$869,000

701 Spanish Main Drive LOT 559

Cudjoe Key, FL, 33042

Active

$869,000

2

Bedrooms

2

Bathrooms

864 sqft

Living Area

2001

Year Built

2,045

Lot Size (sqft)

$1,019

HOA / Quarterly

0

Days on Market

Dock & Water AccessMLS

Canal Front

AI Aerial Imagery Detection

Seawall Detected

Detected by AI from open-source aerial mapping imagery and may not reflect current conditions. This information was not provided by the MLS or listing broker. Always verify dock infrastructure with the listing agent.

Data sources: SFWMD AHED waterway polygons · FHWA National Bridge Inventory 2024 · Not provided by the MLS or listing broker.

Description

Welcome to your own slice of paradise in the Florida Keys! This beautifully renovated 2-bedroom, 2-bath waterfront (35' seawall dock) home is located in the highly desirable Venture Out Resort, one of the Keys' premier gated waterfront communities. Whether you're looking for a profitable rental, a seasonal getaway, or your forever island home, this property has the perfect combination of luxury, recreation, and exceptional investment potential. This home has an established rental history and consistently generates over $110,000 in annual gross rental income(rent rolls available), making it an outstanding turnkey investment. The home comes fully furnished and equipped, allowing the next owner to continue renting immediately or begin enjoying it from day one. The waterfront setting allows you to launch your boat, return to your own 35-foot dock, and spend your days enjoying everything the Keys is all about. The property also includes recreational equipment such as kayaks, bicycles, outdoor games, and a grill, creating an unforgettable experience for both owners and guests. Conveniently located in the lower keys on Cudjoe Key, the property is close to Key West with easy access to world-class restaurants, shopping, nightlife, fishing, diving, snorkeling, and endless boating opportunities. Marathon is also just a short drive away, placing you in the center of everything. Whether you're seeking a high-performing rental, a waterfront retirement retreat, or the perfect family vaca home, this property delivers on every level. Opportunities to own a fully renovated, income-producing waterfront home with proven rental performance in Venture Out are rare.

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Location

Cudjoe Key, FL, 33042

No price history available for this property.

Displayed by Blue Mar Real Estate Group Inc., Licensed Florida Real Estate Broker (DBPR CQ1018554) · [email protected]

Listing courtesy of Beycome of Florida, LLC via Florida Keys MLS

Last checked: 5 hours ago

Listing updated: August 10, 2026

© 2026 Florida Keys Board of REALTORS®, Inc. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of the Florida Keys Board of REALTORS®. Information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Nearest Bridge Clearances

Florida Keys, critical for tall/large vessels

No bridge data available for this location.
FEMA Flood Zone AE
BFE: 11ft

Special Flood Hazard Area

View FEMA Flood Map →
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Mortgage Calculator

Estimate your monthly payment for this waterfront property

20%

$173,800 down

%
Principal & Interest$4,509/mo
Property Tax (est. ~1.2%, varies by county)$869/mo
Home Insurance (est.)$250/mo
HOA Fees$340/mo
Total Monthly Payment$5,968
Loan Amount: $695,200Rate: 6.75%
Get Pre-Qualified

Estimated payments only. Actual rates and terms may vary.

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