Key Colony Sub (53.0) Homes with FHA Finance Terms

Key Colony Sub (53.0) Homes with FHA Finance Terms

Welcome to Key Colony Subdivision, a hidden gem nestled in the heart of Marathon, Florida, within Monroe County. This charming community offers a perfect blend of tropical paradise and modern living, making it an ideal destination for those seeking a serene lifestyle by the sea.

Key Colony Sub is renowned for its picturesque surroundings, featuring stunning waterfront views, lush landscapes, and easy access to some of the best recreational activities Florida has to offer. Residents enjoy a laid-back atmosphere, with opportunities for boating, fishing, and snorkeling just minutes from their doorstep. The nearby beaches provide the perfect backdrop for sun-soaked afternoons and sunset strolls.

For homebuyers seeking financial flexibility, Key Colony Subdivision is an excellent choice. Many homes in this community are eligible for FHA financing, making it easier for first-time buyers and those looking to invest in a vacation property. The FHA finance terms allow for lower down payments and more lenient credit requirements, making homeownership more accessible than ever.

Each residence in Key Colony Sub boasts unique architectural styles, from charming coastal cottages to modern waterfront estates, ensuring that there’s something for everyone. With a strong sense of community and a welcoming atmosphere, residents here enjoy not just a home, but a lifestyle filled with warmth and camaraderie.

Whether you’re looking to relocate, invest, or simply enjoy a slice of paradise, Key Colony Subdivision is the perfect place to call home. Discover the endless possibilities that await you in this enchanting corner of Florida!

Newest Key Colony Sub (53.0) Homes with FHA Finance Terms

$990,000
3 Beds ⋅ 2 Baths ⋅ 621222 MLS
This is a great opportunity to purchase a Concrete Block Deep Water Access Canal Front Home in the Heart of Marathon on the Gulf side of US 1 below $1M. With about a 4 foot control depth and an existing concrete seawall in place and about 77 feet of frontage, this property can easily accommodate the larger center consoles. Open Water Access in just a few minutes to the Gulf and about 10 minutes to the Atlantic Ocean. The home features 3 Beds, 2 baths, with 1,242 sqft on a large 8,485 offering sqft lot with a Concrete Driveway, Room to Park a RV, Boat Trailer, and room for a pool. The rear Covered Screen Lanai overlooks the canal, and the Covered Carport has built in Storage closets. The home features a Metal Roof and inside it does offer original 1960's charm with a ton of potential as right now it has original Kitchen Cabinets, Terrazzo Floors, Mini Splits in almost all the rooms for efficient air conditioning and original windows. Both baths have original tile showers with 1 being a Full Shower and the other featured a tub/shower combo. With the house right next door just selling at 11295 3rd Avenue Gulf for $1.45M, you have a unique opportunity to acquire, make smart renovations and be sitting on strong positive equity if done right. Due to the lot size, you can even choose to knock down the existing house and build a Brand-New Modern home to your exact specs and take advantage of the deep-water canal. We currently have plans for homes ranging from 1750 sqft to just below 4000 from the well-respected local builders, Design Center. We also have local lenders in place to offer construction financing up to 80%. So much potential and routes you can with this one.

11285 3rd Ave, Marathon
$1,150,000
3 Beds ⋅ 2 Baths ⋅ 621176 MLS
Welcome to 11295 6th Ave Gulf -- a waterfront corner lot in one of Marathon's best-kept-secret neighborhoods. Nestled on a quiet street directly across from a nature preserve, this 3-bedroom, 2-bath canal home delivers something almost impossible to find in the Keys: real privacy, real waterfront, and real potential. Eighty feet of deep-water canal frontage on an oversized 8,000 sq ft corner lot. One canal from the Gulf of America with 10-minute access to Vaca Cut -- your gateway to world-class offshore fishing, diving, lobstering, and reef exploration. The spacious vaulted-ceiling screened porch overlooking the canal is where you'll spend every morning and evening. A 385 sq ft concrete dock with davits is ready for your boat. The corner lot provides ample parking for trailers, vehicles, and toys -- a true premium in the Keys. This is also a performing investment property. The home operates as an active vacation rental on Airbnb and VRBO with verified income. Sold fully furnished and turnkey -- a new owner can generate income from day one. Recent updates include a new 2025 HVAC system, 2025 impact sliding glass door, hurricane shutters on all windows, and all furnishings included. The home is solid, comfortable, and rental-ready as-is -- with room to add your own personal touches and make it truly yours. For the visionary buyer: build up on this premium corner lot and you could be rewarded with Gulf of America views. An elevated waterfront home on this lot -- with a nature preserve across the street and 80 feet of canal -- would be one of the most compelling properties in Marathon. The location is irreplaceable. The potential is limitless. Come see it.

11295 6th Ave, Marathon
$1,349,000
3 Beds ⋅ 2 Baths ⋅ 617009 MLS
Turnkey vacation rental on 75ft deep-water canal with heated pool & dock -- one canal to Gulf, 10 min to Vaca Cut. Impact windows, metal roof, new HVAC, PVC plumbing, 200-amp electric -- every major system updated. Smart home with remote pool heat. Commercial ice machine. Sold fully furnished & rental-ready. Steps from quiet nature preserve. Screened porch & carport. New washer/dryer & fridge.

11285 6th Ave, Marathon
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