Date
Details
Price
Change
Source
5/28/2025
Listed
$1,848,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/71
$1,848,000
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1/71
Property 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!
Full Property Details
Full Property Details for 461 & 471 3rd St
General
- Price: $1,848,000
- Taxes: $6,941 (2024)
- Status: Active
- Type: Duplex
- Source: 927
- MLS ID: 615206
- Updated: 5/13/2026
- Added to Site: 350 day(s) ago
Interior
- Interior Features: Drapes/Blinds Incl, Smoke Alarms, Storage, Window Treatments
- Appliances: Stainless Steel Appliance(s), Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
Additional Information
- Shared Amenities: Bike Paths, Beach, Tennis Court(s)
- Security/Safety: Patrolled Area
Exterior
- Exterior Features: Fencing, Privacy Wall/Fence
Location
- Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
- County: Monroe
- Subdivision: Key Colony Beach (53.5)
- Driving Directions: Take Sadowski Causeway, make a left onto E Ocean Dr. Turn left onto 3rd st. Home is on the left
Community
- Assoc. Fees Include: None
- Pets Allowed: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fans(s)
Structural Information
- Architectural Style: Above Flood
- Construction: CBS
- Roof: Metal
- Windows/Doors: Single Hung Windows, Sliding Glass Doors, Shutters
- Square Feet: 2,528
- Sq. Ft. Source: Property Data Card
- Year Built: 1997
Unit Information
- Units in Building: 2
Lot Features
- Property View: Canal
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,672
- Lot Size Source: Property Data Card
- Zoning: R-2A - Key Colony Two Family
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Canal Front
Financial Considerations
- Tax Amount: $6,941.18
- Tax Year: 2024
- Terms: Cash, Conventional, VA Loan, FHA
Disclosures and Reports
- Legal Description: 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
- Flood Zone: AE
- APN: 00072850-000000
Listed by Island Breeze Realty, LLC, David N. Grego (305) 481-1296
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 461 & 471 3rd St —
David N. Grego
Island Breeze Realty, LLC
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 461 & 471 3rd St
School District:Monroe County School District, Middle Torch Key, FL
| Name | Grades | Distance |
|---|---|---|
Stanley Switlik Elementary School 3400 Overseas Highway, Marathon, FL 33050 | PK-5 | 5 mi |
Marathon School 350 Sombrero Beach Road, Marathon, FL 33050 | 6-12 | 4.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 461 & 471 3rd St
Estimate the Cost
Estimate the Cost for 461 & 471 3rd St
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- Duplex
- Active
- Updated 39 minutes ago
- 4Beds
- 4Total Baths
- 2,040Sq. Ft.
- Duplex
- Active
- Updated 1 hour ago
- 4Beds
- 4Total Baths
- 1,920Sq. Ft.
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- Single Family
- Active
- Updated 6 hours ago
- 4Beds
- 3Total Baths
- 1,464Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
- Townhouse
- Active
- Updated 6 hours ago
- 3Beds
- 3Total Baths
- 1,320Sq. Ft.
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- Single Family
- Active
- Updated 6 hours ago
- 3Beds
- 4Total Baths
- 2,540Sq. Ft.
- Single Family
- Active
- Updated 6 days ago
- 2Beds
- 2Total Baths
- 972Sq. Ft.
- Single Family
- Active
- Updated 2 hours ago
- 4Beds
- 3Total Baths
- 3,414Sq. Ft.
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- Single Family
- Closed
- Updated 2 hours ago
- 3Beds
- 3Total Baths
- 1,953Sq. Ft.
- Single Family
- Closed
- Updated 4 hours ago
- 3Beds
- 3Total Baths
- 2,244Sq. Ft.
461 & 471 3rd Street, Key Colony Beach, FL 33051 (MLS# 615206) is a Duplex property with 6 bedrooms and 4 full bathrooms. 461 & 471 3rd Street is currently listed for $1,848,000 and was received on May 28, 2025. Want to learn more about 461 & 471 3rd Street? Do you have questions about finding other Duplex real estate for sale in Key Colony Beach? You can browse all Key Colony Beach real estate or contact a Coldwell Banker agent to request more information.