55 Coral Way, Stock Island, FL 33040

Property Description

$151,000 PRICE REDUCTION! Here is your chance to purchase a TRUE TRANSIENT 3BR/3BA 1420 sq ft home. OCTOPUS'S GARDEN is one of only 8 stand alone units in the Coral Hammock gated community and has generated up to $157,000 in gross annual income. This income-producing home is being offered as a turnkey purchase, whimsically decorated with furnishings that reflect the laid-back, quirky island life style of Key West. You will be just down the street from the famous Hogfish Bar & Grill, Roostica Pizzeria, Hurricane Hole Marina & Restaurant and Chico's Cantina. The Key West Golf Club is just across the street. You will be just a short bike or Uber ride from Old Town Key West. THE COMMUNITY & GROUNDS... This freestanding home has two off street parking spaces directly in front, with a grassy lawn that surrounds the house. The front porch offers a shaded area to sit and relax. The back porch is perfect for a BBQ and the big back yard is great for the kids. An enormous communal swimming pool surrounded by plenty of chaise lounges directly across from your front door. Access to the clubhouse includes a shaded patio area overlooking the pool, as well as an indoor gathering area and a private fitness center with cardio equipment and free weights. FEATURES... **New impact doors and windows installed recently **New HVAC system installed in April 2025 with warranty **Interior and all exterior walls, and trim freshly painted **All decks freshly painted **Range, dish washer & microwave all replaced within the last three years **New furnishings & art work recently installed. **High quality flooring installed. **Home is scheduled for preventative termite tenting July 20. ** Washer and Dryer ** Ceiling Fans ** TVs in Living Room & All Bedrooms ** Fully Equipped Kitchen ** Linens and Towels included ** Community Pool Access ** Assigned Off-street Parking for 2 cars ** Fitness Center ** Clubhouse available for private parties