31 Coral Way, Stock Island, FL 33040

$1,400,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,392 Lot Size (sq. ft.): 1,120 Status: Active
Current Price: $1,400,000 List Date: 12/06/2025 Last Modified: 12/15/2025

Description

Active nightly vacation rental located just minutes from Old Town Key West; this beautifully maintained 3-bedroom, 3-bathroom home offers the perfect blend of resort-style amenities and island living. This home features an open-concept floor plan with vaulted ceilings, abundant natural light, and a well-appointed kitchen complete with brand new stainless steel appliances and granite countertops. The spacious living and dining areas flow seamlessly to a private covered porch Each of the three bedrooms includes its own full bath, offering privacy and flexibility for guests or vacation rentals. The primary suite opens to a private balcony, creating a serene retreat after a day on the water. Outside, enjoy lush tropical landscaping, two dedicated parking spaces, and access to Coral Hammock's heated resort pool, clubhouse, and fitness center. The property is licensed for transient rentals, making it an excellent income-producing investment or vacation getaway. Conveniently located near the Key West Golf Club, Hogfish Bar & Grill, Hurricane Hole Marina, and some of the best dining and boating spots in the Keys, 31 Coral Way combines comfort, convenience, and the carefree charm of island living. Buyer pays 2 mos of HOA dues ($880 total) at closing as working capital contribution.

More Information MLS# 617616

Contract Information

Listing Board: Key West Association As is Rght to Inspct: Yes Species List: No Current Price: $1,400,000 Listing Date: 2025-12-05 List Price: $1,400,000

Location, Tax & Legal

City: Stock Island Off Shore Island: No Mile Marker: 5 Marathon Neighborhood: N/A Side: Median Flood Zone: AE Alternate Key #: 9071316 Parcel #: 00124100-000116 Zoning: MU - Mixed Use District Deed Restrictions: Unknown Legal: PT MALONEY SUB PB1-55 A/K/A UNIT 116 CORAL HAMMOCK OR1989-61 OR1999-2399 OR2914-1938 Taxes: 6023.94 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 31 Street Name: Coral Street Suffix: Way Key/Island: Stock Island State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Maloney Sub (5.0) Area: 05 - Stock Island to Shark Key

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: No Control Depth: 0 Lot SqFt: 1120 Pool: Yes Lot Sqft Source: Property Data Card Total Units: 0 Acres: 0.03 SqFt Source: Property Data Card Rentals Allowed: Yes Min Rental Days: 1 Style: Single Family Year Built: 2004 Living Apx SqFt: 1392 Total Bedrooms: 3 Full Baths: 3 Total Baths: 3

Remarks & Misc

Remarks – Consumer: Active nightly vacation rental located just minutes from Old Town Key West; this beautifully maintained 3-bedroom, 3-bathroom home offers the perfect blend of resort-style amenities and island living. This home features an open-concept floor plan with vaulted ceilings, abundant natural light, and a well-appointed kitchen complete with brand new stainless steel appliances and granite countertops. The spacious living and dining areas flow seamlessly to a private covered porch Each of the three bedrooms includes its own full bath, offering privacy and flexibility for guests or vacation rentals. The primary suite opens to a private balcony, creating a serene retreat after a day on the water. Outside, enjoy lush tropical landscaping, two dedicated parking spaces, and access to Coral Hammock's heated resort pool, clubhouse, and fitness center. The property is licensed for transient rentals, making it an excellent income-producing investment or vacation getaway. Conveniently located near the Key West Golf Club, Hogfish Bar & Grill, Hurricane Hole Marina, and some of the best dining and boating spots in the Keys, 31 Coral Way combines comfort, convenience, and the carefree charm of island living. Buyer pays 2 mos of HOA dues ($880 total) at closing as working capital contribution. Directions: Located in the gated community of Coral Hammock on Maloney Avenue in Stock Island. Must have code to enter.

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Association Fee $: 440

License Info

Transient Rntl Licns: Yes

Fee Includes

Common Area Mnt: 1 Security: 1

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Microwave: 1 Oven: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1

Cooling

Central Air: 1

Heating

None: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Vinyl: 1

Neighborhood Feature

Clubhouse: 1 Community Pool: 1

Interior Features

Quartz Countertops: 1 Walk-in Closet(s): 1

Building Style

Above Flood: Yes Stories: 2 Stories

Vehicle Storage

Open Parking: 1

Security

Electric Gate: 1

Construction

Hardi Board Siding: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Furnished: 1

Terms

Cash: 1 Conventional: 1

Utilities

Buyer to Verify: 1

Porch/Balcony

Open Porch/Balcony: 1

Title

Title Ins - Buyer: 1

Pool Info

In Ground: 1

Roof

Metal Roof: 1

Shutters

Panel: 1

Status Change Info

Status: Active

Property Features

Fee Includes: Common Area Mnt; Security Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Open Parking Furnished: Furnished Cooling: Central Air Heating: None Utilities: Buyer to Verify Interior Features: Quartz Countertops; Walk-in Closet(s) Appliances: Dishwasher; Dryer; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s); Washer Pool Info: In Ground Construction: Hardi Board Siding Shutters: Panel Floor: Vinyl Roof: Metal Roof Neighborhood Feature: Clubhouse; Community Pool Security: Electric Gate Land Size: Less Than 1/4 Acre Terms: Cash; Conventional Title: Title Ins - Buyer
Listing Office: eXp Realty LLC
Last Updated: December - 15 - 2025
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.