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

$1,898,000

Property Type: Residential Bedrooms: 6 Baths: 4 Square Footage: 2,528 Lot Size (sq. ft.): 6,672 Status: Active

Current Price: $1,898,000 List Date: 5/28/2025 Last Modified: 1/22/2026

Description

Revive your spirits with this fully furnished, well-established vacation rental on track to deliver approx. $100k/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 ¼ 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.

More Information MLS# 615206

Contract Information

Listing Board: Marathon/Lower Keys As is Rght to Inspct: Yes Species List: No Current Price: $1,898,000 Listing Date: 2025-05-28 List Price: $1,898,000

Location, Tax & Legal

City: KEY COLONY Off Shore Island: No Mile Marker: 53.5 Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca) Side: Ocean Flood Zone: AE Alternate Key #: 1076902 Add'l Parcel #1: 00072850-000100 Parcel #: 00072850-000000 Zoning: R-2A - Key Colony Two Family Deed Restrictions: Unknown Legal: 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 Taxes: 6941.18 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 461 & 471 Street Name: 3rd Street Suffix: Street Key/Island: Key Colony State/Province: FL Zip Code: 33051 County: Monroe Subdivision: Key Colony Beach (53.5) Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony

General Property Description

Realtor.COM Type: Multi-family Waterfront: Yes Control Depth: 5 Lot SqFt: 6672 Pool: No Lot Sqft Source: Property Data Card Total Units: 2 Acres: 0.16 SqFt Source: Property Data Card Rentals Allowed: Yes Min Rental Days: 7 Style: Duplex Year Built: 1997 Living Apx SqFt: 2528 Total Bedrooms: 6 Full Baths: 4 Total Baths: 4

Remarks & Misc

Remarks – Consumer: Revive your spirits with this fully furnished, well-established vacation rental on track to deliver approx. $100k/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 ¼ 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. Directions: Take Sadowski Causeway, make a left onto E Ocean Dr. Turn left onto 3rd st. Home is on the left

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 0

License Info

# of City License: 2

Fee Includes

None: 1

Dockage

Dock Length: 60 Dock: Concrete

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Waterfront

Canal Front: 1

Waterview

Canal View: 1

Floor

Tile: 1

Neighborhood Feature

Beach: 1 Bike Paths: 1 Tennis Courts: 1

Interior Features

Drapes/Blinds Incl: 1 Smoke Alarms: 1 Storage: 1 Window Treatments: 1

Building Style

Above Flood: Yes

Windows/Doors

Single Hung Windows: 1 Sliding Glass Doors: 1

Vehicle Storage

Car(s): 4+ RV Parking Open: 1 Trailer Storage: 1

Security

Patrolled Area: 1

Construction

CBS: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Furnished: 1

Terms

Cash: 1 Conventional: 1 FHA: 1 VA: 1

Utilities

Cable Available: 1 Community Swr Plant: 1 Elect Separate Meter: 1 FKAA: 1 Municipal Sewer: 1 Water Separate Meter: 1

Title

Negotiable: 1

Exterior Features

Fencing: 1 Privacy Wall/Fence: 1

Pre-Wired

Cable: 1

Roof

Metal Roof: 1

Shutters

Panel: 1

Status Change Info

Status: Active

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Canal Front Waterview: Canal View Vehicle Storage: RV Parking Open; Trailer Storage Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Utilities: Cable Available; Community Swr Plant; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Interior Features: Drapes/Blinds Incl; Smoke Alarms; Storage; Window Treatments Pre-Wired: Cable Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Fencing; Privacy Wall/Fence Construction: CBS Shutters: Panel Floor: Tile Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Beach; Bike Paths; Tennis Courts Security: Patrolled Area Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; FHA; VA Title: Negotiable

Listing Office: Island Breeze Realty, LLC

Last Updated: January - 22 - 2026

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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