Discover the ultimate island retreat with this spacious 2-story home on a sprawling, private lot with a 120 feet of water frontage! This unique property offers an exceptional opportunity to own a rare, large piece of land in the ''Gem of the Florida Keys'' - Key Colony Beach. The updated concrete seawall (2008) set on a prime waterfront location awards you with immediate access to Vaca Cut channel, so you can easily pursue the ocean or the bay! The interior presents a canvas primed for your creative vision, already boasting a well-designed floor plan perfectly suited for today's lifestyle needs with its open-concept living spaces and 2 upstairs bedrooms, each with their own en-suite bath. The indoors effortlessly extends to the outdoors, embracing the oversized screened porch and wrap-around balcony. The lower level offers 2 additional bedrooms, both with access to the shaded pool patio through slider doors, along with a tiled bath in between. Perfectly positioned beside the canal, the waterside pool complements this CBS home, adorned with a metal roof, a generous paver driveway and a deep 2-car garage, all nestled amongst the lush tropical vegetation. Nearby lies the popular Sunset Park, inviting you to partake in the nightly sunset celebrations. Let the island life begin!