$1,848,000
UNDER CONTRACT $150K PRICE DROP

461 & 471 3rd St Key Colony, FL 33051

Key Colony Beach Area

Estimated payment $10,618/month

Total Views 13,401
6 Beds
4 Baths
2,528 Sq Ft
$731 Price per Sq Ft

Highlights

  • Dock made with concrete
  • RV Access or Parking
  • Furnished
  • Coral Shores High School Rated A
  • Home fronts a canal
  • Stainless Steel Appliances

About This Home

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 1⁄4 mile from the Cabana Club and close to beaches, dining, and shopping--ready for immediate use or continued rental success!

Listing Agent

David Grego

Island Breeze Realty, LLC License #3107004 Listed on: 05/28/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,941

Year Built

  • Built in 1997

Lot Details

  • 6,672 Sq Ft Lot
  • Home fronts a canal
  • Privacy Fence
  • Fenced

Home Design

  • Duplex
  • Metal Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,528 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Shutters
  • Drapes & Rods
  • Single Hung Windows
  • Sliding Doors
  • Storage
  • Canal Views
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • RV Access or Parking

Utilities

  • Central Air
  • Separate Meters
  • Community Sewer or Septic
  • Cable TV Available

Additional Features

  • Dock made with concrete
  • Trailer Storage

Listing and Financial Details

  • Assessor Parcel Number 00072850-000100

Community Details

Overview

  • 2 Units
  • Key Colony Beach Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,941

Year Built

Built in 1997

Lot Details

6,672 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Dockage Dock: Concrete
  • Vehicle Storage Cars: 4+
  • Year Built: 1997
  • Building Style Above Flood: Yes
  • Property Sub Type: Duplex
  • LotSizeAcres: 0.16
  • Co List Office Mls Id: 2330
  • Subdivision Name: Key Colony Beach (53.5)
  • Vehicle Storage: RV Parking Open, Trailer Storage
  • Waterview: Canal View
  • Shutters: Panel
  • Pre-Wired: Cable
  • Special Features: UnderContract

Interior Features

  • Interior Amenities: Storage
  • Appliances: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Stainless Steel Appliance(s)
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Interior Features: Drapes/Blinds Incl, Smoke Alarms, Storage, Window Treatments
  • WindowsDoors: Single Hung Windows, Sliding Glass Doors

Exterior Features

  • Waterfront: Yes
  • Exterior Features: Fencing, Privacy Wall/Fence
  • Construction Type: CBS
  • General Property Description: Waterfront: Yes
  • Waterfront: Canal Front
  • Roof: Metal Roof

Utilities

  • Utilities: Water Separate Meter, Elect Separate Meter, Cable Available
  • Cooling: Central Air, Ceiling Fans(s)
  • Utilities: FKAA, Community Swr Plant, Municipal Sewer, Water Separate Meter, Elect Separate Meter, Cable Available

Condo/Co-op/Association

  • Pets Allowed: Yes

Lot Info

  • Parcel Number: 00072850-000000
  • Lot Size Sq Ft: 6672.0
  • Additional Parcels Description: 00072850-000100

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6941.18

Multi Family

  • Number Of Units Total: 2

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/18/2026 03/18/26 Price Changed $1,848,000 -2.6% $731 / Sq Ft
01/22/2026 01/22/26 Price Changed $1,898,000 -2.3% $751 / Sq Ft
01/03/2026 01/03/26 Price Changed $1,943,000 -0.3% $769 / Sq Ft
10/10/2025 10/10/25 Price Changed $1,948,000 -2.5% $771 / Sq Ft
05/28/2025 05/28/25 For Sale $1,998,000 -- $790 / Sq Ft
Source: Marathon and Lower Keys Association of REALTORS®

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 615206

Florida Monroe County Key Colony Beach 33051

461 & 471 3rd St, Key Colony Beach, FL

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David Grego
Listing Agent
David Grego
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Island Breeze Realty, LLC
(305) 419-2661
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