Turnkey Waterfront Duplex Income
461 & 471 3rd Street Key Colony Beach, FL 33051
461 & 471 3rd Street, Key Colony Beach, FL, 33051
$1,848,000
For Sale
Under Contract
$1,848,000
MULTI_FAMILY - Key Colony, FL
Property Size2,528 SF
Lot Size0.16 Acres
Price / SF$731.01
Days on Market418
Property Features for 461 & 471 3rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R-2A - Key Colony Two Fam
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 3
- Parking features
- RV
- Pets allowed
- Yes
- Interior features
- Storage
- Exterior features
- Fencing, Privacy Wall/Fence
- Fencing
- Fenced, Privacy
- Appliances
- Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Stainless Steel Appliance(s)
- Standard status
- Active Under Contract
- APN
- 00072850-000000
- Size
- 2,528 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 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
- Tax Annual Amount
- 6941
Utilities
- Utilities
- Cable Available
- Cooling system
- Central Air
- Water front
- 1
Building Details
- Year built
- 1997
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- CBS
- Roof type
- Metal
- Additional Structures
- Storage
Listing Agency
Island Breeze Realty, LLC
(305) 289-8855
12220 OVERSEAS HIGHWAY, Marathon, FL
Listed by
David N. Grego · License #3107004
(305) 481-1296
Added: May 28, 2025 Checked: Jul 19 at 1:06 am
MLS# 615206
Listing URL
Copyright © 2026 Marathon and Lower Keys Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey waterfront duplex is fully furnished and set up for flexible use with two separate residential units. Each unit offers a spacious 3-bedroom, 2-bath layout with a private entrance and parking, along with private waterfront outdoor living spaces and privacy fencing between the units. The property includes 60 feet of deep-water dockage on a wide canal with immediate ocean access, and it was built above flood.
The duplex is located at 461 & 471 3rd Street in Key Colony, Monroe County, Florida, and is described as about 1/4 mile from the Cabana Club. It is also positioned close to beaches, dining, and shopping, supporting ready-to-use operation or continued rental activity.
The duplex is located at 461 & 471 3rd Street in Key Colony, Monroe County, Florida, and is described as about 1/4 mile from the Cabana Club. It is also positioned close to beaches, dining, and shopping, supporting ready-to-use operation or continued rental activity.
Key Highlights
- Duplex built in 1997 with CBS construction and metal roof, offering two 3BD/2BA units with private entrances and parking
- Approx. $100K/year rental income; established vacation rental history for 10+ years
- 60 ft of deep‑water dockage on a wide canal with immediate ocean access
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully furnished duplex with two private 3BD/2BA units, parking, and 60 ft of deep-water dockage on a wide canal.
Where is this duplex located?
The property is located at 461 & 471 3rd Street Key Colony Beach, FL.
What is the asking price?
The asking price for this property is $1,848,000.
What are key features of this property?
This property features: Duplex built in 1997 with CBS construction and metal roof, offering two 3BD/2BA units with private entrances and parking; Approx. $100K/year rental income; established vacation rental history for 10+ years; 60 ft of deep‑water dockage on a wide canal with immediate ocean access
