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Marija Radovanovic

marija@luxurykeysproperty.com +1(507) 722-8865

Listed by Caroline Bauer Key West Sales, LLC

$ 1,225,000

Est. payment | -/mo

1 Bed

1 Bath

475 SqFt

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$ 1,225,000

Est. payment | -/mo

Save

1 Bed

1 Bath

475 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 475 sqft

Price per Sqft $2,578

Subdivision Old Town - Unlisted (1.0)

MLS Listing ID 621189

Style Above Flood

Bedrooms 1

Full Baths 1

HOA Fees $2,500/qua

HOA Y/N Yes

Year Built 1943

Annual Tax Amount $5,611

Tax Year 2025

Property Sub-Type Condominium

Land Area 475

Property Description

A TRANSIENT LICENSED vacation rental located in the heart of Old Town Key West, the X flood zone and just 2.5 blocks from world famous Duval Street. The transient license allows for nightly rentals. A savvy investor could pounce on this rare opportunity to own a well-managed income producing property with excellent history & immediate income. Unit 6, aka Hidden Oasis, is 1 of only 11 units within the coveted enclave known as The Colony which features a large heated community pool, shared off-street parking and a gated entry to the pool area & the unit, all managed by the HOA. Hidden Oasis has a prime location within the community tucked into the back left corner with an entry deck and an abundant private rear deck that includes exclusive use of umbrella seating for 4, a propane grill, a full size washer & dryer and an outdoor shower stall. This well maintained unit has an updated kitchen, bathroom and mini-split air conditioning. The living area is light & airy with transom windows, vaulted ceilings and a well-appointed open kitchen. The spacious bedroom features a king sized bed, tropical décor and access to the front deck. Pride of ownership is obvious when you review the recent history of this owner managed HOA. The community pool was resurfaced in 2021, all buildings had new metal roofs installed in 2023 and all buildings were termite tented August 2026. Take advantage of this rare opportunity for an excellent Key West investment with an owner use option. With local property management & HOA management already in place, Hidden Oasis makes for an immediate complete turnkey 'hands-free' vacation rental ownership choice for a remote owner. Sold furnished with future bookings.

Location

State FL

County Monroe

Community Pool

Area 02 - Key West

Zoning HHDR - Historic High Density Residential

Direction Truman Ave to Elizabeth, turn North, turn right onto Olivia...on the right in the 700 block. Street parking for showings please.

Interior

Interior Features Quartz Countertops, Smoke Alarms, Window Treatments

Cooling Ductless, Ceiling Fans(s)

Flooring Tile

Furnishings Furnished

Window Features French Doors

Appliance Dryer, Washer, Dishwasher, Microwave, Oven, Stainless Steel Appliance(s), Refrigerator

Exterior

Exterior Feature Fencing, Outdoor Shower, Rain Gutters

Pool Concrete, Heated, In Ground, Decked

Community Features Pool

Utilities Available Electric Separate Meter, FKAA, Municipal Sewer

Waterfront Description None

Roof Type Metal Roof

Porch Deck

Garage No

Private Pool Yes

Building

Architectural Style Above Flood

New Construction No

Others

HOA Fee Include Bldg Exterior Mnt,Building Insurance,Common Area Mnt,Sewer,Water

Tax ID 00020460000106

714 Olivia ST # 6 Key West, FL 33040

Marija Radovanovic

Key Details

Location

Interior

Exterior

Building

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714 Olivia ST # 6