Colony Key
Homes for Sale in Tampa, FL
True comps, carrying-cost math, and listings before the portals.
As of September 2026, the MLS records 4 closed sales in Colony Key in Tampa, FL since 2017, the most recent in June 2026. Across Tampa as a whole, 4,890 homes closed in the last 12 months at a median of $442,500, 39 median days on market, with 1,287 homes for sale today. At that median and Hillsborough County's FY2025-26 rate of 15.73 mills, annual property tax runs about $6,960 ($6,340 with the full homestead exemption).
Colony Key is a mixed-vintage pocket of Tampa: homes here span a full century of construction, from 1904 up through 2024, with the typical home built around 1982. That spread means condition and updates do more to set price than location within the community — a fully renovated 1980s home and an untouched original can sit blocks apart with very different asking prices.
With 448 homes in the dataset and no amenity package tied to the community, this reads as an established, organically built neighborhood rather than a planned development with a shared clubhouse or pool. Pricing conversations here need to be home-specific from the start; comps drawn from age or size alone will mislead without a walkthrough.
The 60-Second Overview
Colony Key is a Tampa neighborhood in Hillsborough County built out gradually over more than a century, with a typical home now in its early-1980s range and running around 2,128 square feet. It functions as a standard-issue residential pocket without a defined amenity package, so its appeal rests on the housing stock and location rather than shared community features.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Colony Key is best for.
Best for
- Buyers comfortable evaluating homes case-by-case rather than relying on neighborhood-wide averages for condition.
- Buyers who want a mid-size home footprint (roughly 2,100+ square feet) in an established, already-built-out area of Tampa.
- Buyers or owners planning a longer hold, aligning with the neighborhood's high share of owner-occupied, homesteaded homes.
Probably not for
- Buyers who want a newer-construction home with a consistent build standard throughout the neighborhood.
- Buyers who prioritize a community with organized amenities such as a pool, gym, or clubhouse.
- Buyers unwilling to budget for age-related updates given the neighborhood's early-1980s median build year.
The market around Colony Key
Colony Key is too small for its own price trend, so here is the market around it.
In ZIP 33611, 297 homes are on the market and 25% are under contract — a steady corner of Tampa.
Across Hillsborough County, 6,274 homes are active and 1,939 pending (24% under contract).
ZIP and county figures describe the wider market, not Colony Key specifically. Momentum Research analysis of MLS records.
Colony Key by the numbers
From county property records and closed MLS sales for the Colony Key subdivision: 18 homes on record; built 1982–1983; typical size about 1,600 heated sq ft; 2 bedrooms is the median. Housing mix: townhome 100%.
| Year | Recorded sales | Median price |
|---|---|---|
| 2019 | 1 | $310,000 |
| 2020 | 2 | $370,000 |
| 2021 | 1 | $452,500 |
| 2022 | 1 | $480,000 |
| 2025 | 1 | $405,000 |
| 2026 | 1 | $530,000 |
Newest recorded sale: $530,000 on 2026-06-01.
Recorded data as of 2026-09-12; counts cover addresses tagged to this subdivision in the public record, not every parcel. Not an appraisal.
The Colony Key buying strategy.
If we were buying in Colony Key today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Colony Key.
A neighborhood built in layers, not a single era
The year-built range in Colony Key — 1904 to 2024 — tells you this isn't a subdivision that went up in one construction cycle. It's a neighborhood that has been infilled and rebuilt over generations, which means buyers will find a genuine mix of architectural eras and construction standards within the same streets. The median build year of 1982 puts the typical home at roughly four decades old, old enough that mechanical systems, roofs, and updates should be a first-order question on any showing.
At a median of 2,128 square feet, homes here run to a comfortable mid-size footprint, not a starter-home scale and not an oversized outlier. Roughly two-thirds of homes carry a homestead exemption, which points to a base of owner-occupied housing rather than a market dominated by investor or short-term rental turnover — useful context for anyone evaluating how a purchase here will hold up over time in terms of neighborhood stability of ownership, not resident characteristics.
The location and the amenities are priced into every listing in Colony Key. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a neighborhood built across more than a century, the same square footage and year-built range can hide very different renovation histories, and pricing that ignores those differences leads to overpaying or underselling. We walk each property against its actual condition and mechanical age, not against a neighborhood average, so offers and listings are grounded in what's really there.
Colony Key in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Colony Key buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Colony Key sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Colony Key, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Colony Key home worth?
Get a no-obligation home value based on real comparable sales in Colony Key, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Should you buy in Colony Key?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Under-contract shares | Stellar MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2017 (4 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live local comps.
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