Key Colony Beach, FL

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  • Performance
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Key Performance Metrics

Market snapshot

Performance indicators for the Key Colony Beach short-term rental market based on reliable data.

Listings

465 / 906

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$56,428

Middle-Earners Revenue

Occupancy

68%

Middle-Earners Occupancy

Home Value

$879,207

Median Home Sale Price

Top Earners

$108,131

Top-Earners Revenue

Key Colony Beach

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Key Colony Beach.

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B

Generally Investor friendly

Key Colony Beach Regulations

Short-term rentals are explicitly permitted citywide and framed as part of the local tourism economy, with a clear, single licensing pathway via CitizenServe. Operational rules include manageable caps (7-night minimum, occupancy limits), required property‑manager and local‑contact training, and an annual safety inspection (with a $300 re‑inspection fee), plus daily fines for violations—moderate burden, not a deterrent.

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About Key Colony Beach

Key Colony Beach is a small oceanfront city in Monroe County, Florida, set in the Middle Florida Keys on a compact chain of islands just east of Marathon. With roughly 800 year-round residents, the city has the feel of a quiet tropical residential enclave, known for its calm canal-lined streets, pastel homes, and easy access to both the Atlantic and the Gulf of Mexico. It serves as a relaxed gateway to the Middle Keys and a natural pause between busier Key Largo, about an hour and a half to the northeast, and Key West, roughly 50 miles to the southwest and reached in about an hour and fifteen minutes. Miami is approximately 110 miles northeast, a drive of around two and a half hours over the Overseas Highway.

Just to the west, where Vaca Cut meets open water, the Seven Mile Bridge carries traffic toward the Lower Keys. The modern span parallels the remains of the old Overseas Railroad bridge, portions of which now serve as a pedestrian and cycling path leading to Pigeon Key, a small historic island that once housed Henry Flagler's railroad workers and is now a learning center. The bridge, the causeway, and the small island beneath together form one of the most photographed stretches of the Keys and are a few minutes' drive from Key Colony Beach.

A short drive east in Marathon, on neighboring Grassy Key, the Dolphin Research Center is a marine mammal education facility where visitors can observe Atlantic bottlenose dolphins and California sea lions in tidal lagoons and take part in guided interaction programs. Also in Marathon, the Turtle Hospital offers behind-the-scenes tours of its rehabilitation work with injured sea turtles, walking guests through recovery tanks, the operating room, and the hospital's long-running conservation efforts. Both venues draw family travelers as well as serious nature enthusiasts exploring the Middle Keys.

Further west along the Overseas Highway, Bahia Honda State Park sits on Bahia Honda Key and is widely regarded as one of the most scenic spots in the Florida Keys. Its shallow turquoise water, white sand, and views of the old Bahia Honda Bridge attract snorkelers, kayakers, and sunbathers year-round, and the park is about a 30-minute drive from Key Colony Beach.

The combination of a small, well-defined residential footprint, a tangle of private canals suited to boating and fishing, and a central position on the Overseas Highway gives Key Colony Beach an enduring appeal for visitors who want a quieter Keys experience without giving up access to the region's signature attractions. Family vacationers, anglers, divers, and seasonal snowbirds all pass through, and the proximity to Marathon, the bridges, and the Lower Keys' natural areas makes the city a particularly flexible base. For owners, that mix of a peaceful setting and a steady flow of travelers heading to well-known landmarks nearby translates into a short-term rental market with broad, year-round appeal.

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