701 Spanish Main Drive LOT 559, Cudjoe Key, FL 33042 (MLS# 620930)

701 Spanish Main Drive LOT 559, Cudjoe Key, FL 33042

New Listing
$869,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 864 Lot Size (sq. ft.): 2,045 Status: Active
Current Price: $869,000 List Date: 8/10/2026 Last Modified: 8/10/2026

Overview

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, outdo ...

Listing Details MLS# 620930

Location, Tax & Legal

Street #
701
Street Name
Spanish Main
Street Suffix
Drive
Key/Island
Cudjoe Key
State/Province
FL
Zip Code
33042
County
Monroe
Subdivision
Venture Out (23.0)
Area
07 - Cudjoe Key
Unit #
LOT 559
City
Cudjoe
Mile Marker
23
Marathon Neighborhood
N/A
Side
Median
Alternate Key #
1246239
Parcel #
00188681056100
Zoning
URM - Urban Res Mobile Home District
Deed Restrictions
No
Legal
Lt 559 Venture Out At Cudjoe Cay, A Condo (Pb6-56) Or467-30Dec Or545-134 Or826-1825 Or1528-2256 Or1679-158 Or2186-1829 O
Taxes
4316
Tax Year
2025
Pub Sewer HkUp
Yes

Contract Information

Listing Board
Florida Keys

General Property Description

Realtor.COM Type
Residential - Single Family
Style
Single Family
Waterfront
Yes
Control Depth
3
Pool
No
Year Built
2001
Lot SqFt
2045
Acres
0.05
Living Apx SqFt
864
SqFt Source
Seller
Total Bedrooms
2
Full Baths
2
Total Baths
2
Rentals Allowed
Yes

Association Info

Mandatory Home Owners Asc
Yes
1st Right of Refusal
No
Association Fee $
1019
Assoc/Mnt Fee Per
Quarterly

Dockage

Dock
Other

More Information

Building Style

Above Flood
Yes
Stories
2 Stories

Remarks & Misc

Remarks – Consumer
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.
Directions
Drive west on US 1/Overseas Highway. Left to Spanish Main Drive. Left to Pelican Lane. Left to North Eagle Nest Drive. Turn right. Property is on the right.

Fee Includes

Common Area Mnt
Yes
Security
Yes

Tax Exemptions

None
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Microwave
Yes
Oven
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Pets

Pets Allowed
Yes

Cooling

Ceiling Fans(s)
Yes
Central Air
Yes

Heating

Central
Yes

Waterfront

Canal Front
Yes

Waterview

Canal View
Yes
Ocean View
Yes
Open Water View
Yes

Construction

Manufactured
Yes

Land Size

Less Than 1/4 Acre
Yes

Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA
Yes

Utilities

Cable Available
Yes
Elect Separate Meter
Yes
FKAA
Yes
Municipal Sewer
Yes
Water Separate Meter
Yes

Property Features

Fee Includes: Common Area Mnt; Security Tax Exemptions: None Waterfront: Canal Front Waterview: Canal View; Ocean View; Open Water View Cooling: Ceiling Fans(s); Central Air Heating: Central Utilities: Cable Available; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Washer Construction: Manufactured Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; FHA; VA

Room Information

Room Name Length Level Width
Bedroom 1 12.00 Second 12.00
Bedroom 2 4.00 Second 12.00
Full Bathroom 8.00 Second 10.00
Full Bathroom 8.00 Second 10.00
Living Room 20.00 Second 30.00
Kitchen 10.00 Second 10.00
Listing Office: Beycome of Florida, LLC
Last Updated: August - 10 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.