$1,680,000

461 & 471 3rd Street, Key Colony FL, 33051

Price per sqft$664.56

Built in1997

Property size2,528 sqft

Property typeMulti-family

Overview

Sold

Closed

Listed May 28, 2025

Updated 4 weeks ago

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!

Additional information

MLS^® ID: 615206

Interior Features

Bedrooms: 6
Bathrooms: 4
Cooling: Yes
Basement: No

Exterior Features

Lot Size: 0.15 Acres

Other Property Details

Taxes: $6,941
Tax Frequency: Annually
View: Yes
Pets Allowed: Yes
Waterfront: Yes

Listed by David N. Grego with Island Breeze Realty, LLC
Listing Contact: 305-481-1296

The IDX display contains information sourced from the Florida Keys Board of REALTORS® as of 9/1/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 9/1/2026 at 1:43 AM UTC