Welcome to 65 Coral Lane in desirable Key Colony Beach, famously known as the ''Gem of the Florida Keys!'' This updated, ground-level half duplex offers canal-front living, vacation rental potential, and the laid-back Florida Keys lifestyle. Featuring a 20-foot dock with room for an 18-foot boat, a fish cleaning station, and beautiful sunset views from the patio, this property is perfect for enjoying life on the water. With easy boating access to both the Atlantic Ocean and Gulf of America, it's an ideal location for boating and fishing enthusiasts.Inside you'll find a light, coastal-inspired design that creates a bright and inviting atmosphere. The updated interior features stainless steel appliances, a washer and dryer, a new mini-split system, two tankless water heaters, and a replaced sewer line from the home to the road. Additional benefits include separate electric and water meters from the adjoining duplex, offering added convenience and independence.Currently operating as an active vacation rental and STR approved, this property offers an opportunity to enjoy as a personal Keys getaway, investment property, or both. Offered furnished and with a 7-day minimum rental requirement, it's ready for its next owner to enjoy or continue its rental operation.Enjoy the many recreational amenities that make Key Colony Beach so special, including parks, playgrounds, bocce courts, pickleball courts, tennis courts, shuffleboard, and a 9-hole par-3 golf course. Conveniently located near local restaurants, shops, and Key Colony Beach marina, you'll enjoy easy access to everything that makes island living so desirable.Whether you're looking for a waterfront retreat, a boating getaway, or an income-producing property, this is your opportunity to own a piece of paradise in the Gem of the Florida Keys!