Coastal charm meets modern updates in this two-bedroom, two-bath stilted home--a fantastic opportunity for single-family living in highly desirable Key Colony Beach. Boaters will love the location, with a new 75-foot seawall and a 15,000-pound boat lift, offering quick, 3-4 minute access to either the Atlantic or the Gulf of Mexico via Vaca Cut. Recent improvements over the past few years include a custom-designed concrete pool, a 2020 metal roof, and a full exterior repaint from top to bottom, adding to the home's fresh, updated feel.Inside, the home is designed to take advantage of its waterfront setting, with water views from the living, dining, and kitchen areas. The spacious bedrooms offer plenty of room to relax--the guest bedroom easily accommodates two queen beds with extra space, while the primary suite features a king-sized bed and ample room for additional furnishings. A standout feature is the 43-foot terrace spanning the entire back of the home, where you can take in peaceful water and pool views. The finished lower level adds an additional 363 square feet, featuring a permitted full bath, providing flexible space for storage, a recreation area, or other uses. Low assumable flood insurance is an added bonus, and there's an opportunity to purchase shares to exclusive Inch Beach, offering access to one of the most coveted private beaches (ask for details). Fully furnished with relaxed coastal decor, this inviting retreat is ready to enjoy.