$1,450,000
 $7,784 est/mo Sourced by Back At You

55 Coral Way,Stock Island, FL 33040

Stock Island, FL 33040

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Description

Here is your chance to purchase a TRUE TRANSIENT 3BR/3BA 1420 sq ft home. OCTOPUS'S GARDEN is one of only 8 stand alone units in the Coral Hammock gated community and has generated up to $157,000 in gross annual income. This income-producing home is being offered as a turnkey purchase, whimsically decorated with furnishings that reflect the laid-back, quirky island life style of Key West. You will be just down the street from the famous Hogfish Bar & Grill, Roostica Pizzeria, Hurricane Hole Marina & Restaurant and Chico's Cantina. The Key West Golf Club is just across the street. You will be just a short bike or Uber ride from Old Town Key West. THE COMMUNITY & GROUNDS... This large, freestanding home has two off street parking spaces directly in front, with a grassy lawn that surrounds the house front and back. The front porch offers a shaded area to sit and relax. The back porch is perfect for a BBQ and the great big back yard is great for the kids. An enormous communal swimming pool surrounded by plenty of chaise lounges is through a gate directly across from your front door. Access to the clubhouse includes a shaded patio area overlooking the pool, as well as an indoor gathering area and a private fitness center with cardio equipment and free weights. FEATURES... **New impact doors and windows installed recently **New HVAC system installed in April 2025 with warranty **Interior and all exterior walls, and trim freshly painted **All decks freshly painted **Range, dish washer & microwave all replaced within the last three years **New furnishings & art work recently installed. **High quality flooring installed. **Home is scheduled for preventative termite tenting July 20. ** Washer and Dryer ** Ceiling Fans ** TVs in Living Room & All Bedrooms ** Fully Equipped Kitchen ** Linens and Towels included ** Community Pool Access ** Assigned Off-street Parking for 2 cars ** Fitness Center ** Clubhouse available for private parties

Details

MLS #615593
Listing TypeFor Sale
StyleHouse
HOA Dues$440
Sub-TypeResale
StatusActive
Year2004
Days On Site13
Listing Provided ByLast Key Realty, Inc (KW) | Christopher B Santry

Features

Bed(s)3
Bath(s) 3 Total
SQ Feet1,420
PoolYes
ZoningMU - Mixed Use District
Acreage0.03
Water FrontNone
Property ViewNo Waterview

Taxes

Property6399

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The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Key Colony Beach Realty, Inc. are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.

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Learn More About This Property

StateFL
CountyMonroe
CityStock Island
Zip Code33040
Area05 Stock Island to Shark Key
Community NameMaloney Sub (5.0)
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.87M - $1.812M
SqFt: 1,000 - 1,500
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Listing Updated: July 7, 2025 at 11:40:20 AM PDT