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:
5/31/2026
Description
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!
More Information MLS# 615206
Contract Information
Current Price: $1,848,000
Listing Date: 2025-05-28
Listing Board: Marathon/Lower Keys
List Price: $1,848,000
As is Rght to Inspct: Yes
Species List: No
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
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
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of City License: 2
Dockage
Dock Length: 60
Dock: Concrete
Building Style
Above Flood: Yes
Vehicle Storage
Car(s): 4+
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: May - 31 - 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.
