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$869,000 Just Listed

  • For Sale
  • Active
  • Duplex
  • 2 Beds
  • 2 Full Baths
  • 1,037 Sq. Ft.
  • Updated 1 day ago
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KEY COLONY BEACH WATERFRONT GEM "¢ 30' OF DOCKAGE "¢ WALK TO CABANA CLUB "¢ TURNKEY "¢ VACATION RENTAL Welcome to your slice of the Florida Keys in sought-after Key Colony Beach! This gorgeous 2-bedroom, 2-bath half duplex offers the perfect combination of coastal living, boating convenience, and vacation-rental potential. Ideally located just a short walk from the renowned Cabana Club. Step inside to find a stylish, thoughtfully updated interior featuring granite countertops, stainless steel appliances, tile flooring, and quality finishes throughout. Impact windows and doors provide peace of mind while allowing plenty of natural light to fill the home. Outdoor living is just as impressive, with 30 feet of dockage providing the perfect setup for boating, fishing, and enjoying everything the Florida Keys has to offer. After a day on the water, rinse off in the convenient outdoor shower or relax and soak in the laid-back island lifestyle. The property is being offered fully furnished and turnkey and is currently established in the vacation rental program, making this an exceptional opportunity for an owner looking for a personal Keys getaway with rental income potential.

Full Property Details for 261 3rd St

General

  • Price: $869,000
  • Taxes: $6,581 (2025)
  • Status: Active
  • Type: Duplex
  • Source: 927
  • MLS ID: 621039
  • Updated: 8/21/2026
  • Added to Site: 1 day(s) ago

Interior

  • Interior Features: Granite Counter Top, Smoke Alarms
  • Appliances: Stainless Steel Appliance(s), Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Exterior

  • Exterior Features: Fencing, Outdoor Shower, Privacy Wall/Fence
  • Deck/Patio: Open Porch/Balcony
  • Porch/Patio/Deck: Open Porch/Balcony

Parking

  • Parking Features: Open, Guest

Location

  • Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
  • County: Monroe
  • Subdivision: Key Colony Beach (53.5)

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 Status: Updated/Remodeled
  • Construction: CBS
  • Roof: Metal
  • Windows/Doors: Impact Rstnce Doors, Impact Rstnce Window
  • Square Feet: 1,037
  • Sq. Ft. Source: Property Data Card
  • Year Built: 1974
  • Property Condition: Updated/Remodeled

Lot Features

  • Property View: Canal
  • Lot Size (Acres): 0.06
  • Lot Size (Sq. Ft.): 2,797
  • Lot Dimensions: x
  • Zoning: R-1A - Key Colony Single Family

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Canal Front

Financial Considerations

  • Tax Amount: $6,581.32
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: BK 3 SLY PORTION LT 9 KEY COLONY BEACH PB3-120 SHELTER KEY OR541-652 OR774-176 OR1340-1112 OR1340-1113 OR1980-946 OR2084
  • Flood Zone: AE
  • APN: 00072750-000000

Listed by LPT Realty, LLC, Katie Grace Carrillo (305) 879-2543

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Listing agent

— 261 3rd St —

  • Katie Grace Carrillo

    LPT Realty, LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 261 3rd St

School District:Monroe County School District, Middle Torch Key, FL
NameGradesDistance
Stanley Switlik Elementary School
3400 Overseas Highway, Marathon, FL 33050
PK-55 mi
Marathon School
350 Sombrero Beach Road, Marathon, FL 33050
6-124.1 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 261 3rd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/21/2026
Listed
$869,000
-0.11%
MLS
9/15/2023
Sold
$870,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 261 3rd St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,591
—
$643,769
-12%
2024
$7,591
33%
$734,315
10%
2023
$5,723
16%
$665,378
29%
2022
$4,949
10%
$515,052
28%
2021
$4,498
—
$402,258
2%
2021
$4,498
1%
$393,937
-4%
2019
$4,439
4%
$411,169
1%
2018
$4,250
—
$408,466
-2%
2017
$4,231
12%
$417,426
12%
2016
$3,771
12%
$374,328
22%
2015
$3,359
2%
$306,730
6%
2014
$3,279
—
$290,381
5%
2013
$3,282
—
$275,437
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 261 3rd St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by LPT Realty, LLC, Katie Grace Carrillo (305) 879-2543

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261 3rd Street, Key Colony, FL 33051 (MLS# 621039) is a Duplex property with 2 bedrooms and 2 full bathrooms. 261 3rd Street is currently listed for $869,000 and was received on August 21, 2026. Want to learn more about 261 3rd Street? Do you have questions about finding other Duplex real estate for sale in Key Colony? You can browse all Key Colony real estate or contact a Coldwell Banker agent to request more information.

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