Welcome to 200 5th Street in Key Colony Beach, a rare opportunity to own a 3-bedroom, 3.5-bath single-family home with 60 feet of dockage and a 10,000 lb boat lift, located on a quiet residential street in one of the Florida Keys' most desirable island communities. Designed with boaters in mind, the generous dockage and private lift make getting on the water effortless, with convenient access to both the Atlantic and the Gulf of America. All three bedrooms feature adjoining en-suite bathrooms, offering privacy and functionality ideal for full-time living, hosting guests, or short-term rental use. An additional bathroom adds convenience for entertaining. The property is perfectly positioned just a 2-minute walk to the Cabana Club, providing easy access to oceanfront dining, pool amenities, and one of the best beachfront experiences in the Middle Keys--all while maintaining a peaceful neighborhood setting. Whether offshore fishing, island hopping, or sunset cruising, this home supports the true Keys lifestyle. Key Colony Beach is known for its walkability, strong community feel, and exceptional city amenities including a marina, golf, tennis and pickleball courts, parks, and popular local restaurants. The city allows short-term rentals, adding flexibility and long-term appeal for a variety of ownership goals. This is a standout opportunity to own a well-located, boating-friendly home offering an exceptional combination of privacy, walkability, and island living.