$2,195,000
- 5 Beds
- 3 Baths
- 1,903 sqft (on 1.57 acres)
125 Colson Dr, Cudjoe Key, FL 33042
Est. Mortgage $13,246/mo*
Get Pre-QualifiedHome Highlights
Single-Family Home
Built in 1986
1.57 acre lot
$1,153/sqft
Open Parking
Local Information
-- mins to
About this House
What's unique:Fruit treesExceptional privacyRelaxing poolAbundant tropical landscaping
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.
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.
Last check for updates: about 4 hours ago
Listing courtesy of Mykael A. Marinelli, (305) 439-7730
American Caribbean Real Estate, Christie's International Real Estate
Source: FLKMLS, MLS#620325

Also Listed on FLKMLS.
Home Details for 125 Colson Dr
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Beds & Baths Number of Bedrooms: 5Number of Bathrooms: 3Number of Bathrooms (full): 3 |
Dimensions and Layout Living Area: 1903 Square Feet |
Appliances & Utilities Appliances: Refrigerator, OvenRefrigerator |
View No View |
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Exterior Home Features Fencing: Fenced, PrivacyHas a Private Pool |
Parking & Garage No Attached GarageHas Open ParkingParking: Open,RV Access/Parking,Storage |
Pool Pool: In Ground, DeckedPool |
Frontage Not on Waterfront |
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Days on Market: 96 |
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Year Built Year Built: 1986 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family Residence |
Building Building: Tall - 10Ft & OverConstruction Materials: Frame |
Property Information Parcel Number: 00115840000201 |
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Price List Price: $2,195,000Price Per Sqft: $1,153 |
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MLS Status: Active |
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Direction & Address City: Cudjoe KeyCommunity: Cudjoe Acres (21.5) |
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Listing Agent Listing ID: 620325 |
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Building Area Building Area: 1903 Square Feet |
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HOA Fee Includes: Sewer, OtherNo HOAHOA Fee: No HOA Fee |
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Lot Area: 1.57 Acres |
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Listing Terms: Cash, Conventional |
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Mls Number: 620325 |
Around this home
What Locals Say about Summerland Key
At least 14 Trulia users voted on each feature.
82 % Say it's dog friendly
82 % Say yards are well-kept
79 % Say people would walk alone at night
78 % Say car is needed
76 % Say parking is easy
71 % Say it's quiet
70 % Say there's holiday spirit
59 % Say neighbors are friendly
58 % Say they plan to stay for at least 5 years
58 % Say it's walkable to restaurants
47 % Say there are community events
44 % Say there's wildlife
29 % Say kids play outside
15 % Say it's walkable to grocery stores
14 % Say streets are well-lit
11 % Say there are sidewalks
Sourced by Trulia users. Learn more about our methodology.
Market trends in Summerland Key
Last updated August 2026
Avg. sale price
—
Sale-to-List Price
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Price per sq ft
—
Available listings
90
14MoM
Home Value
Trulia Estimate
$2.06MSince last month
Decreased$2K (-0.1%)Since last year
Increased$829K (+67.3%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +120% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $2.06M |
| August 2026 | $2.06M |
| July 2026 | $2.03M |
| June 2026 | $2.07M |
| May 2026 | $2.01M |
| April 2026 | $2.02M |
| March 2026 | $2.01M |
| February 2026 | $2M |
| January 2026 | $2.06M |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.09 | Single-Family Home | $1,550,000 | 02/23/26 | 3 | 2 | 1,645 | |
0.45 | Single-Family Home | $2,675,000 | 06/01/26 | 4 | 3 | 2,951 | |
0.49 | Single-Family Home | $3,275,000 | 10/28/25 | 5 | 4 | 3,817 | |
0.35 | Single-Family Home | $900,000 | 07/02/26 | 3 | 2 | 2,198 | |
0.48 | Single-Family Home | $1,300,000 | 06/05/26 | 3 | 2 | 1,944 | |
0.48 | Single-Family Home | $1,750,000 | 02/26/26 | 3 | 2 | 2,047 | |
0.42 | Single-Family Home | $700,000 | 04/23/26 | 3 | 2 | 1,556 | |
0.55 | Single-Family Home | $2,500,000 | 06/15/26 | 3 | 2 | 1,714 | |
0.55 | Single-Family Home | $1,400,000 | 04/24/26 | 3 | 2 | 1,872 | |
0.60 | Single-Family Home | $2,000,000 | 03/18/26 | 3 | 2 | 1,674 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.02 | $1,264,600 | 3 | 2 | 1,696 | Off Market | |
0.09 | $1,550,000 | 3 | 2 | 1,645 | Recently Sold | |
0.11 | $1,799,000 | 3 | 2.5 | 2,456 | For Sale | |
0.10 | $3,245,100 | 6 | 6.5 | 4,976 | Off Market | |
0.09 | $903,400 | 3 | 2 | 1,508 | Off Market | |
0.10 | $901,400 | 3 | 2 | 1,508 | Off Market | |
0.10 | $1,399,000 | 3 | 2 | 1,508 | For Sale | |
0.14 | $937,400 | 3 | 2 | 1,541 | Off Market | |
0.16 | $1,451,300 | 4 | 2 | 1,943 | Off Market | |
0.17 | $685,100 | 2 | 2 | 855 | Off Market | |
0.17 | $2,060,000 | 5 | 3 | 1,978 | For Sale |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jun 12, 2026 Source: Key West AOR #620252 | Listed For Sale | $2,195,000 |
Jun 1, 2026 Source: FLKMLS #617496 | ListingRemoved | $2,195,000 |
Feb 10, 2026 Source: Key West AOR #617496 | PriceChange | $2,195,000 Price decreased by 2% |
Nov 28, 2025 Source: Key West AOR #617496 | Listed For Sale | $2,249,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $12,850 | $1,427,048 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Mykael A. Marinelli, American Caribbean Real Estate, Christie's International Real Estate
Agent Phone: (305) 439-7730

MLS Internet Data Exchange (IDX) 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, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys MLS.
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Frequently asked questions about 125 Colson Dr
- What is the estimated monthly payment for 125 Colson Dr?Based on a $2,195,000 list price with 20% down at today's rates, the estimated monthly payment for 125 Colson Dr in Cudjoe Key, FL is approximately $13,442 (about $11,867 principal & interest, $1,500 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- What do residents say about Cudjoe Key?Residents describe Cudjoe Key, FL as dog-friendly, well-kept, and easy to park in. Most residents say you need a car. See homes for sale in Cudjoe Key, FL.
- What are the closest schools to 125 Colson Dr?The closest schools to 125 Colson Dr in Cudjoe Key, FL are Key West High School (rated 4/10), Sugarloaf School (Pre-K/Elementary/Middle, rated 6/10).
- What is 125 Colson Dr estimated to be worth?Trulia's estimated value for 125 Colson Dr in Cudjoe Key, FL is $2,064,800.
- Does 125 Colson Dr have a pool?Yes, 125 Colson Dr in Cudjoe Key, FL has a pool.
- Does 125 Colson Dr have a yard?Yes, 125 Colson Dr in Cudjoe Key, FL has a yard.
125 Colson Dr, Cudjoe Key, FL 33042 is a 5 bedroom, 3 bathroom, 1,903 sqft single-family home built in 1986. This property is currently available for sale and was listed by FLKMLS on Jun 19, 2026. The MLS # for this home is MLS# 620325.

