701 Spanish Main Dr #198

Cudjoe Key, FL 33042
List Price
$949,600
701 Spanish Main Dr #198
701 Spanish Main Dr #198 - Image 2
701 Spanish Main Dr #198 - Image 3
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Why I Like This Property

“This property stands out because of its excellent location, strong rental history, and potential for above-market returns.”

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Mollie Dawson
Mollie Dawson
Savvy STR Agent

About This Property

OCEANFRONT INVESTMENT OPPORTUNITY | NIGHTLY RENTALS ALLOWED! Welcome to Oceanview Serenity, a completely renovated 2-bedroom, 2-bath waterfront retreat in the gated Venture Out community on Cudjoe Key at Mile Marker 23. Offering unobstructed open-water views, deep-water access and an established rental history, this turnkey property presents a rare opportunity to combine Florida Keys ownership with income-producing potential. Offered fully furnished and beautifully appointed, the property is move-in and rental ready. With over $105k in gross rental income ytd for 2026 and more than $33k in future bookings! An attractive option for investors seeking a property in the Florida Keys that allows nightly rentals. It is equally suited for use as a primary residence, second home or private tropical getaway. Recent improvements add significant value and peace of mind, including a brand-new 2026 roof, newly installed heavy-duty tie-down straps and refurbished and protected under-house support beams. Inside, the bright coastal interior has been thoughtfully updated throughout. Expansive windows frame panoramic turquoise-water views, while the renovated kitchen features new appliances and an oversized center island with abundant built-in storage and breakfast-bar seating. A Nest smart thermostat provides convenient climate control and energy management. The spacious primary suite includes an upgraded ensuite bath with double vanity and generous storage. Outdoors, a covered deck provides an exceptional setting for enjoying ocean breezes and spectacular Florida Keys sunrises. A massive 61ft concrete seawall and convenient deep-water access make this an outstanding choice for boating enthusiasts. Venture Out offers an impressive collection of resort-style amenities, a large oceanfront saltwater pool, marina store, fuel dock, boat ramps, lighted tennis and pickleball courts, basketball, bocce, and 24/7 gated security. Buy, Live, Rent, & Enjoy Paradise!

Family-friendly
Adventure
Ocean
Pool
Waterfront
Fishing
Pickleball
Game Room

Property Details

2
Bedrooms
2
Bathrooms
864
Square Feet
2000
Year Built
0.06 ac
Lot Size
Other
Property Type
$520/mo
HOA Fee

Comparable Airbnb Listings

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Oceanfront 2BR in Venture Out - 35’ Dock + Pool

Oceanfront 2BR in Venture Out - 35’ Dock + Pool

Cudjoe Key, FL

ADR
Occupancy
Revenue
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Savvy Recommended Upgrades

Install Hot Tub

Est. $10,000

Your Agent

Mollie Dawson

Mollie Dawson

STR Investment Specialist

The Florida Keys, FL

0
Deals Closed
4
Years Experience

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Listing agent: Stacey Nash Pillari. Listing courtesy of Berkshire Hathaway HomeServices Knight & Gardner Realty. Information deemed reliable but not guaranteed.

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