An incorporated oceanfront city on a causeway island off Marathon - an upscale, amenity-rich boating community of canalfront homes, oceanfront estates, and a private beach club. Weekly rentals are permitted, making it both a lifestyle address and a proven investment market.
Waterfront homes ~$850K-$8M; recent sale $2.55M (Oct 2025)
4 7th St sold $2.55M, Oct 2025; active luxury listings to ~$8M (2025-2026 data).
Ocean Drive (E/W), Shelter Bay Drive, Coury Drive, 7th/9th/10th/12th Streets
Key Colony Beach beach club, par-3 golf course, city tennis and pickleball, marinas, nearby Sombrero Beach
A self-contained resort town - beach club, golf, tennis, and waterfront restaurants reachable by bike or golf cart. Wide canals with quick Atlantic and Gulf access make it a boater's favorite.
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