Perfect combination! A vacation home and an income producing property on the beautiful island of Key Biscayne. This 3 bedroom/3 full bath is one of the only 73 units in Key Colony/Botanica exempt from any restriction to rent. No association approval needed. Split plan unit. Master bedroom, master bath and 2 closets. Second bedroom and third bedroom/den share one bathroom. The third full bathroom also serves as a powder room. Very comfortable covered terrace with access to an open terrace perfect for entertainment. Separate laundry area and enclosed kitchen. One parking space close to the building entrance. Amenities include a pool, tennis, bike/jog path, BBQ/picnic area, beach restaurant, child play area, mini-market, direct beach access and much more.