461 & 471 3rd Street, Key Colony, FL 33051
$1,848,000
Property Type:
Residential
Bedrooms:
6
Baths:
4
Square Footage:
2,528
Lot Size (sq. ft.):
6,672
Status:
Active
Current Price:
$1,848,000
List Date:
5/28/2025
Last Modified:
4/28/2026
Overview
Description
Listing Details MLS# 615206
Location, Tax & Legal
- Street #
- 461 & 471
- Street Name
- 3rd
- Street Suffix
- Street
- Key/Island
- Key Colony
- State/Province
- FL
- Zip Code
- 33051
- County
- Monroe
- Subdivision
- Key Colony Beach (53.5)
- Area
- 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
- City
- KEY COLONY
- Off Shore Island
- No
- Mile Marker
- 53.5
- Marathon Neighborhood
- Marathon East - Gulf (Airport to Vaca)
- Side
- Ocean
- Flood Zone
- AE
- Alternate Key #
- 1076902
- Add'l Parcel #1
- 00072850-000100
- Parcel #
- 00072850-000000
- Zoning
- R-2A - Key Colony Two Family
- Deed Restrictions
- Unknown
- Legal
- BK 3 S 1/2 LOT 19 KEY COLONY BEACH PB3-120 SHELTER KEY OR318-468/69 OR354-87/88 OR635-14/15 OR871-1174 OR913-985 OR1398
- Taxes
- 6941.18
- Tax Year
- 2024
- Pub Sewer HkUp
- Yes
Contract Information
- Listing Board
- Marathon/Lower Keys
- As is Rght to Inspct
- Yes
- Species List
- No
General Property Description
- Realtor.COM Type
- Multi-family
- Style
- Duplex
- Waterfront
- Yes
- Control Depth
- 5
- Pool
- No
- Year Built
- 1997
- Total Units
- 2
- Lot SqFt
- 6672
- Lot Sqft Source
- Property Data Card
- Acres
- 0.16
- Living Apx SqFt
- 2528
- SqFt Source
- Property Data Card
- Total Bedrooms
- 6
- Full Baths
- 4
- Total Baths
- 4
- Rentals Allowed
- Yes
- Min Rental Days
- 7
Association Info
- Mandatory Home Owners Asc
- No
- 1st Right of Refusal
- No
- Association Fee $
- 0
License Info
- # of City License
- 2
More Information
Dockage
- Dock Length
- 60
- Dock
- Concrete
Building Style
- Above Flood
- Yes
Vehicle Storage
- Car(s)
- 4+
- RV Parking Open
- Yes
- Trailer Storage
- Yes
Remarks & Misc
- Remarks – Consumer
- Capitalize on proven income and flexibility with this fully furnished, turnkey waterfront duplex generating approx. $100K/year in rental income! Built above flood for added peace of mind and potential insurance savings, this well-established (for 10+ years) vacation rental features two spacious 3BD/2BA units with private entrances and parking. Enjoy 60 ft. of deep-water dockage on a wide canal with immediate ocean access, plus two private waterfront outdoor living spaces framed by lush tropical landscaping and privacy fencing between. Whether you rent both units, live in one and rent the other or enjoy as a multi-family retreat, this property offers unmatched versatility at a price point well below comparable 6-bedroom waterfront single-family homes in Key Colony Beach. Just ¼ mile from the Cabana Club and close to beaches, dining, and shopping--ready for immediate use or continued rental success!
- Directions
- Take Sadowski Causeway, make a left onto E Ocean Dr. Turn left onto 3rd st. Home is on the left
Fee Includes
- None
- Yes
Tax Exemptions
- None
- Yes
Appliances
- Dishwasher
- Yes
- Dryer
- Yes
- Microwave
- Yes
- Oven
- Yes
- Range
- Yes
- Refrigerator
- Yes
- Stainless Steel Appliance(s)
- Yes
- Washer
- Yes
Pets
- Pets Allowed
- Yes
Cooling
- Ceiling Fans(s)
- Yes
- Central Air
- Yes
Waterfront
- Canal Front
- Yes
Waterview
- Canal View
- Yes
Floor
- Tile
- Yes
Neighborhood Feature
- Beach
- Yes
- Bike Paths
- Yes
- Tennis Courts
- Yes
Interior Features
- Drapes/Blinds Incl
- Yes
- Smoke Alarms
- Yes
- Storage
- Yes
- Window Treatments
- Yes
Windows/Doors
- Single Hung Windows
- Yes
- Sliding Glass Doors
- Yes
Security
- Patrolled Area
- Yes
Construction
- CBS
- Yes
Land Size
- Less Than 1/4 Acre
- Yes
Furnished
- Furnished
- Yes
Terms
- Cash
- Yes
- Conventional
- Yes
- FHA
- Yes
- VA
- Yes
Utilities
- Cable Available
- Yes
- Community Swr Plant
- Yes
- Elect Separate Meter
- Yes
- FKAA
- Yes
- Municipal Sewer
- Yes
- Water Separate Meter
- Yes
Title
- Negotiable
- Yes
Exterior Features
- Fencing
- Yes
- Privacy Wall/Fence
- Yes
Pre-Wired
- Cable
- Yes
Roof
- Metal Roof
- Yes
Shutters
- Panel
- Yes
Property Features
Fee Includes:
None
Tax Exemptions:
None
Waterfront:
Canal Front
Waterview:
Canal View
Vehicle Storage:
RV Parking Open; Trailer Storage
Furnished:
Furnished
Cooling:
Ceiling Fans(s); Central Air
Utilities:
Cable Available; Community Swr Plant; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter
Interior Features:
Drapes/Blinds Incl; Smoke Alarms; Storage; Window Treatments
Pre-Wired:
Cable
Appliances:
Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features:
Fencing; Privacy Wall/Fence
Construction:
CBS
Shutters:
Panel
Floor:
Tile
Roof:
Metal Roof
Pets:
Pets Allowed
Neighborhood Feature:
Beach; Bike Paths; Tennis Courts
Security:
Patrolled Area
Land Size:
Less Than 1/4 Acre
Terms:
Cash; Conventional; FHA; VA
Title:
Negotiable
Documents
Vacation Rental Reviews ›
Listing Office:
Island Breeze Realty, LLC
Last Updated: April - 28 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.