This home's estimate is 23.8% lower than the average sale price ($1.03M) of 6 comparable homes.
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281 5TH St, Key Colony, FL 33051
About this home
Great opportunity to buy a bank owned property in nice condition in Key Colony. Well built stilted home on a wide and deep canal close to the Cabana Club make this the perfect vacation rental property. Other half is in our program and well rented. Chase is offer special financing incentives on this property please email for details.

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Market trends in Key Colony Beach, FL
Last updated October 2026
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Sale history for 281 5TH St
$351/sq ft
$333/sq ft
$333/sq ft
$374/sq ft
$374/sq ft



Stilt half-duplex deep canal 30' seawall, large living/dining area, good kitchen with bar/counter, not being sold as a weekly rental unit not furnished, but has vacation rental license. Master bedroom and bath larger than most with walk-in closet. All tile floors, new metal roof, storage unit and parking on ground level.
$188/sq ft
$191/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Property details
Parking
- Parking / Garage Information
- Vehicle Storage: Carport
- Vehicle Storage: Car(s): 2
Interior
- Interior Features
- Interior Features: Cathedral Ceilings, Storage, Walk-in Closet
- Flooring: Tile Floor
- Windows/Doors: Jalousie Windows, Sliding Glass Doors
- Cooling/Heating: Central A/C, Heat
- Appliances: Disposal
- Furnished: Unfurnished
- Bathroom Information
- # of Full Baths: 2
- Specialty Room Information
- Specialty Rooms: Guest/Servant Quarters: Legal
Exterior
- Boat Slip/Dock Information
- Dockage: Seawall: Concrete
- Dockage: Dock Permit: Applied For
- Dockage: Dock: Composite
- Exterior Features
- Exterior Features: Outdoor Shower
- Porch/Balcony: Deck
- Shutters: Panel
- Security
- Patrolled Area
- Property Features
- On Waterfront
- Waterfront Type: Canal Front
- Waterview: Canal View
- Property Information
- Deed Restrictions: Unknown
- Pets: Pets Allowed
- Rentals Allowed: With Restrictions
- Min Rental Days: 7
- Lot Information
- Zoning: R-2A - Key Colony Two Family
- Land Size: Less Than 1/4 Acre
- Control Depth: 4
- Building Information
- Year Built: 1,988
- Sq. Ft. Source: Tax Records
- Building Style: Stories: 1
- Building Style: Stilt Column Height: Medium - 5Ft - 9Ft
- Construction: CBS
- Roof: Metal Roof
- Subdivision/Neighborhood
- Subdivision: Key Colony Beach (53.5)
Financial
- Tax Information
- Taxes: $3,412.97
- Tax Year: 2,008
- Tax Exemptions: Homestead
- Financial Information
- Terms: Buyer Obtain Finance
Utilities
- Utility Information
- Utilities: FKAA, Municipal Sewer
Location
- Homeowners Association Information
- Association Info: 1st Right of Refusal: No
- Association Info: Association/Maintenance Fee Per: Monthly
- Fee Includes: None
- Location Information
- Side: Ocean
- Mile Marker: 53.50
- Directions: US 1 to mile marker 53.5 trn at light onto Sadowski Causeway, left on the 5th St.
- Neighborhood Features
- Beach, Fire Hydrant
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: —
- Style: Single Family Residential
- Year Built: —
- Year Renovated: —
- County: Monroe County
- APN: 00073720-000100
Other
- Listing Information
- Attribution Contact: kellywilleyteam@gmail.com
Around this home
Schools
- K - 12
- Preschool & daycare
Public PreK-5 • Assigned • 4.9mi
Public 6-12 • Assigned • 4.0mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
We're working on getting current and accurate heat risk information for this home.
99% chance of strong winds in next 30 years
0 unhealthy days expected this year, 0 days in 30 years
Sun exposure
In this area, properties receive around 10 hours in June and 7.3 hours in December, placing it above the U.S. average for solar exposure.
Sell confidently with a local market expert in Key Colony. 3 minutes to get started.
Nearby similar homes



New listings for sale in 33051

Home values near 281 5TH St
| Address | Redfin Estimate |
|---|---|
3 Beds | 3 Baths | 2164 Sq. Ft. | $1,218,881 |
3 Beds | 2 Baths | 1632 Sq. Ft. | $1,193,333 |
2 Beds | 2 Baths | 900 Sq. Ft. | $740,825 |
2 Beds | 1 Baths | 634 Sq. Ft. | $668,615 |
2 Beds | 2 Baths | 1200 Sq. Ft. | $986,148 |
2 Beds | 1 Baths | 634 Sq. Ft. | $629,342 |
4 Beds | 3 Baths | 2164 Sq. Ft. | — |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1585 Sq. Ft. | $1,277,109 |
2 Beds | 2 Baths | 1280 Sq. Ft. | $1,593,346 |
2 Beds | 2 Baths | 1272 Sq. Ft. | $1,549,942 |
2 Beds | 2 Baths | 1200 Sq. Ft. | $939,700 |
3 Beds | 3 Baths | 2164 Sq. Ft. | $1,232,249 |
2 Beds | 2 Baths | 1400 Sq. Ft. | $912,680 |
5 Beds | 4 Baths | 3138 Sq. Ft. | — |
| Address | Redfin Estimate |
|---|---|
2 Beds | 2 Baths | 900 Sq. Ft. | $821,619 |
3 Beds | 3 Baths | 1918 Sq. Ft. | $1,288,784 |
5 Beds | 4 Baths | 4030 Sq. Ft. | — |
2 Beds | 1.5 Baths | 634 Sq. Ft. | $680,731 |
3 Beds | 3 Baths | 2164 Sq. Ft. | $1,059,226 |
2 Beds | 1 Baths | 634 Sq. Ft. | $667,384 |
2 Beds | 2 Baths | 1280 Sq. Ft. | $1,577,764 |
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