$1,948,000
OPEN HOUSE 1/04 $50K PRICE DROP

461 & 471 3rd St Key Colony, FL 33051

Estimated payment $10,825/month

Total Views 6,800
6 Beds
4 Baths
2,528 Sq Ft
$771 Price per Sq Ft

Highlights

  • Beach
  • Dock made with concrete
  • RV or Boat Parking
  • Coral Shores High School Rated A
  • Tennis Courts
  • RV Parking in Community

About This Home

Revive your spirits with this fully furnished, well-established vacation rental on track to deliver approx. $150k/yr. in rental income! This turnkey, above flood duplex features two bright and spacious 3 bed/2 bath units, each with private entrances & parking and a combined 60 ft. of deep water dockage with immediate ocean access! Lush tropical landscaping and privacy fencing create two distinct outdoor canal side living spaces. Ideally located just a 1/4 of a mile from the beloved Cabana Club which offers a private beach, Olympic-size pool plus bar & grill (membership required). Come enjoy this friendly-walkable community offering restaurants, shops and picturesque beaches just steps from your door! Ready for immediate use or continued rental success! *Hot tub shown in photos is being removed.

Listing Agent

David Grego

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

Open House Schedule

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

Interior Spaces

  • 2,528 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Shutters
  • Blinds
  • Single Hung Windows
  • Sliding Doors
  • Storage
  • Tile Flooring
  • Canal Views

Kitchen

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

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Monitored
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • RV or Boat Parking

Outdoor Features

  • Dock made with concrete
  • Tennis Courts

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 00072850-000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Key Colony Beach Subdivision
  • RV Parking in Community

Recreation

  • Beach
  • Tennis Courts
  • Bike Trail

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,941

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • Additional Assessor Parcel Number 1: 00072850-000100
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Dockage Dock: Concrete
  • Fee Includes: None
  • Key Island: Key Colony
  • Limited Representation: No
  • Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
  • Mile Marker: 53.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Tennis Courts, Bike Paths, Beach
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 6941.18
  • Title: Negotiable
  • Vehicle Storage: RV Parking Open, Trailer Storage
  • Vehicle Storage Cars: 4+
  • Year Built: 1997
  • Alternate Key Number: 1076902
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 6672.00
  • License Info Number Of City License: 2
  • Shutters: Panel
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 2528.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Smoke Alarms, Window Treatments, Storage
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Windows/Doors: Single Hung Windows, Sliding Glass Doors
  • Total Bedrooms: 6
  • Sq Ft Remarks: Each side is 1,264 sq. ft. with 3 BD/2BA in each unit. Lot sq. ft. is the combined total for the 2 units.

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Fencing, Privacy Wall/Fence
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Security: Patrolled Area
  • Utilities: FKAA, Water Separate Meter, Cable Available, Elect Separate Meter, Municipal Sewer, Community Swr Plant

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00072850-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.16

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2024

Multi Family

  • Total Units: 2.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2025 05/28/25 For Sale $1,948,000 -- $771 / 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

For Sale

MultiFamily

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