💰 $100K Revenue on This $799K Oceanfront Florida Keys STR
🌊 $799K for a turnkey waterfront STR with ~12.5% gross rental yield, a 35' seawall + resort-style amenities.
Alex Veytsman
September 17, 2026
🌊 $100K Revenue on a $799K Oceanfront Florida Keys STR
🏝️ Cudjoe Key, FL • $799K • ~$100K 2025 Gross Revenue • ~12.5% Gross Rental Yield • Oceanfront • 35' Seawall • Nightly Rentals Permitted • Resort Amenities • Turnkey
📩 Interested?
🌊 Oceanfront + $100K in Actual Rental Revenue
There's waterfront.
And then there's Florida Keys oceanfront with your boat parked directly outside.
This 2-bedroom home in Cudjoe Key's gated Venture Out community generated approximately:
$100,000 in Gross Rental Revenue in 2025
At the $799K asking price, that's approximately a:
12.5% Gross Revenue-to-Price Ratio
The home is being sold turnkey, nightly rentals are permitted according to the listing, and guests get the combination that's difficult to replicate in the Keys: direct waterfront living, boating infrastructure and a full resort-style amenity package.
🏡 The Asset
701 Spanish Main Dr #171, Cudjoe Key, FL 33042
💰 Price: $799,000
💵 2025 Gross Rental Revenue: ~$100,000
📊 Gross Revenue / Price: ~12.5%
🏝️ Oceanfront
🛏️ 2 Bedrooms
🚿 2 Bathrooms
📐 828 Sq Ft
🚤 35' Concrete Seawall
🎣 Two Fish-Cleaning Stations
🌊 Expansive Ocean Views
🏖️ Private Covered Outdoor Spaces
🚗 Covered Parking
📦 12' x 12' Concrete Storage Enclosure
🌙 Nightly Rentals Permitted per Listing
🛋️ Turnkey
💵 Seller Financing May Be Considered
💰 The Investment Case
The numbers here are pretty straightforward.
Approximately $100K in 2025 gross rental revenue against a $799K asking price works out to roughly a 12.5% gross revenue-to-price ratio, or about 8x trailing gross revenue.
That's gross revenue—not cap rate—and operating expenses still matter.
But unlike an STR opportunity built around an untested projection, this property comes with actual 2025 rental performance.
And there's another component to the investment thesis:
This is real waterfront utility—not simply a water view.
The property has a 35-foot concrete seawall with heavy-duty dock posts, cleats, swim ladder and fish-cleaning stations, giving boating and fishing guests the ability to incorporate the water directly into their stay.
That's a meaningful differentiator in a destination where the boating lifestyle itself is part of the vacation.
🚤 Built for the Florida Keys Guest
For guests coming to the Keys to boat and fish, this property checks a lot of boxes.
Spend the day on the water, return directly to the property, clean the day's catch at one of the two fish-cleaning tables, and settle into the covered outdoor space overlooking the ocean.
Inside, soaring ceilings and large windows bring the waterfront setting into the home.
The primary suite has a king bed and ensuite bathroom, while the second bedroom has a queen bed and its own private covered porch.
Below the elevated home, there's covered parking, additional outdoor living space and a 12' x 12' concrete storage enclosure for fishing, boating and island gear.
For only 828 square feet of interior space, there's a lot of usable lifestyle space built around the property.
🏝️ A Resort Community Guests Can Actually Use
The STR experience isn't limited to the home itself.
Venture Out offers a substantial amenity package, including:
🏊 Heated Swimming Pool
♨️ Hot Tub
🚤 Marina + Fuel Dock
🛥️ Boat Ramps
🏓 Pickleball
🎾 Tennis
🏀 Basketball
🎯 Bocce
🛝 Playground
🏡 Recreation Hall + Pavilion
🔐 24-Hour Gated Security
That gives the property another layer of guest appeal, particularly for families and groups who want more to do than simply stay inside the rental.
And importantly for an investor, the listing represents that nightly rentals are permitted within the community.
📊 The Investment Story
💰 $799K Purchase Price
💵 ~$100K 2025 Gross Revenue
📊 ~12.5% Gross Revenue / Price
🔢 ~8x Trailing Gross Revenue
🌊 Oceanfront
🚤 35' Concrete Seawall
🌙 Nightly Rentals Permitted per Listing
🏊 Resort-Style Community Amenities
🛋️ Turnkey
💵 Potential Seller Financing
The thesis: buy a proven Florida Keys STR at approximately 8x trailing gross revenue, with true oceanfront positioning, direct boating infrastructure and a resort amenity package already helping create the guest experience.
💸 Financing
With approximately $100K of 2025 rental revenue, this could be worth evaluating with lenders that understand vacation-rental properties and STR income.
Depending on the borrower, property and lender requirements, potential structures can include DSCR, conventional investment, portfolio and other STR-focused financing options.
The listing also states that the seller may consider seller financing with acceptable terms, potentially giving buyers another structure to explore.
If you're trying to determine what your down payment could look like, whether the property's historical rental revenue can help it qualify, or which loan structure makes the most sense for your situation, our STR lending partner can help walk you through the options.
🏡 Want Help Buying the Right STR?
Finding a property is only one part of building a successful STR. We partner with a team that helps investors with the whole process: market selection, property search, underwriting, design, amenities and operations.
They can help with:
📍 Market Selection — identify markets that fit your budget and goals.
🔎 Property Search — find compelling STR opportunities.
📊 Deal Underwriting — analyze properties and realistic revenue potential.
🎨 Design + Furnishing — create a rental designed to compete.
🔥 Revenue-Driving Amenities — determine where additional investment could improve the guest experience and revenue.
⚙️ Launch + Operations — help put the systems in place to operate the property successfully.
In order to work with them, they typically require having around $150,000 available for your down payment, furnishing, design, and revenue-driving amenities so you're positioned for success from day one.
To date, they've helped investors acquire 375+ properties, generating $60M+ in rental revenue with $25M+ in estimated tax savings.
Whether you need help figuring out where to buy, which property to choose, what it could generate, or how to design and amenity it to compete at the top of its market, they can help throughout the process.
💰 Thinking About Selling Your STR?
Already own a short-term rental and thinking about selling?
The Offer Sheet can put your property directly in front of an audience of active STR investors who are specifically looking for vacation rentals, including properties with proven revenue histories.
Whether your property is listed publicly or you want to explore an off-market sale, we can help get it in front of potential buyers.
Have a strong-performing Airbnb, unique vacation rental, or turnkey STR you may consider selling? Send it our way.
🎯 Why This One Stands Out
💵 $100K of Actual 2025 Revenue
At $799K, that's approximately a 12.5% gross revenue-to-price ratio.
🌊 True Oceanfront Positioning
Guests aren't just getting a Keys address—they're getting expansive ocean views and direct waterfront living.
🚤 Bring the Boat
A 35-foot seawall, dock infrastructure, swim ladder and fish-cleaning stations make this especially compelling for boating and fishing trips.
🏝️ Resort Amenities
Pool, hot tub, marina, fuel dock, boat ramps, pickleball, tennis and more add to the guest experience.
🔑 Turnkey From Day One
The property is being sold ready to enjoy and operate, without starting from an empty waterfront home.
⚡ Bottom Line
$799K. $100K Revenue. ~12.5% Gross Yield. Oceanfront. Direct Boating Access.
This one combines two things we like seeing in an STR opportunity:
demonstrated rental performance and a location-specific guest experience that's difficult to replicate.
The property reportedly generated approximately $100K in gross revenue in 2025, putting the acquisition price at about 8x trailing gross revenue.
But the real differentiator is what guests are actually booking: an oceanfront Florida Keys escape where they can keep the boat outside, spend the day fishing, come home to water views and still have an entire resort's amenities at their disposal.
For a buyer looking for a Florida Keys STR that can double as a personal getaway, this is an interesting combination of lifestyle and demonstrated rental income.
📩 Interested in This Property?
