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    461 3 St Key Colony Beach, FL 33051

    New
    For Sale
    $1,948,000

    Multi-family - Key Colony, FL

    Type:Multi Family
    Property size:
    2,528 SF
    Lot size:
    0.16 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 13 at 2:06 pm

    Property Features for 461 3 St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    R-2A - Key Colony Two Family
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    4
    APN
    00072850-000000
    Parking features
    RV
    Interior features
    Drapes/Blinds Incl, Smoke Alarms, Window Treatments, Storage
    Exterior features
    Fencing, Privacy Wall/Fence
    Fencing
    Fenced, Privacy
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    Size
    2,528 SF
    Lot size
    0.16 Acres

    Utilities

    Cooling system
    Ceiling Fan(s)
    Water front features
    Canal Front, Waterfront
    Water front
    1

    Building Details

    Year built
    1997
    Number of units
    2
    Flooring type
    Tile
    Roof type
    Metal
    Architectural style
    Other

    Island Breeze Realty, LLC (305) 743-8328 [email protected]

    Listing agent David N. Grego (305) 743-8328 License #3107004

    Listing date Dec 10, 2025

    MLS# 615206 Listing URL

    Copyright © 2025 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.

    Overview

    Furnished Duplex with Dockage

    This fully furnished duplex is a well-established vacation rental, poised to generate approximately $150,000 per year in rental income. The property features two bright and spacious 3-bedroom, 2-bathroom units, each with private entrances and parking. A combined 60 feet of deep water dockage provides immediate ocean access. Lush tropical landscaping and privacy fencing define two distinct outdoor canal-side living spaces. Situated in a friendly, walkable community, the property is located just a quarter of a mile from the Cabana Club, which offers a private beach, Olympic-size pool, and bar & grill (membership required). Restaurants, shops, and beaches are within walking distance. The property, above flood, is ready for immediate use or continued rental success. The property is located in Key Colony, FL and has a lot size of 0.16 acres. The property size is 2528 square feet. The zoning is R-2A - Key Colony Two Family.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Key Colony Beach
    County
    Monroe
    State
    Florida
    Longitude
    -81.015419
    Latitude
    24.72435

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    FAQs

    What type of property is this?
    Duplex - Turnkey duplex with rental income potential and deep water dockage.
    Where is this duplex located?
    The property is located at 461 3 St Key Colony Beach, FL.
    What is the asking price?
    The asking price for this property is $1,948,000.
    What are key features of this property?
    This property features: - Turnkey, fully furnished duplex generating approximately $150k/year in rental income.; - 60 ft. of deep water dockage with immediate ocean access.; - Two spacious 3 bed/2 bath units with private entrances and parking.
    (305) 743-8328
    Request Owner's contact information
    461 3 St Key Colony Beach, FL 33051
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    461 3 St Key Colony Beach, FL 33051
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