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    Waterfront Duplex: Income and Flexibility Title is generated by Realmo AI

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

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    For Sale
    $1,848,000

    MULTI_FAMILY - Key Colony, FL

    Property size:
    2,528 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $731/SF
    Added:
    May 28, 2025
    Days on Market:
    360
    Last Refresh:
    May 22 at 9:06 pm

    Property Features for 461 & 471 3rd Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-2A - Key Colony Two Fam
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bathroom 4, Bedroom 6, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 3, 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
    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

    We can help!

    Listing Contact
    David N. Grego
    David N. Grego

    Listing agent David N. Grego License #3107004

    Listing office Island Breeze Realty, LLC 12220 OVERSEAS HIGHWAY, Marathon, FL

    Listing date May 28, 2025

    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.

    HighLights

    • Turnkey waterfront duplex generating approximately $100K/year in rental income.
    • 60 ft. of deep‑water dockage with immediate ocean access.
    • Two spacious 3BD/2BA units with private entrances and parking.
    • Built above flood level.
    • Fully furnished.
    • Two private waterfront outdoor living spaces.

    Overview

    This fully furnished, turnkey waterfront duplex offers income potential and flexibility. The property, generating approximately $100,000 per year in rental income, has been a vacation rental for over 10 years. Constructed above flood level, the duplex features two spacious 3-bedroom, 2-bathroom units, each with private entrances and parking. The property includes 60 feet of deep-water dockage on a wide canal, providing immediate ocean access. Two private waterfront outdoor living spaces are enhanced by tropical landscaping and privacy fencing. The property is suitable for renting both units, living in one and renting the other, or use as a multi-family retreat. The location is approximately 1/4 mile from the Cabana Club and close to beaches, dining, and shopping. The lot size is 0.16 acres and the property size is 2528 square feet. The property is located in Key Colony, FL.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Key Colony Beach
    County
    Monroe
    State
    Florida
    Longitude
    -81.0216
    Latitude
    24.7226

    FAQs

    What type of property is this?
    Duplex - Turnkey waterfront duplex generating approximately $100K/year in rental income.
    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: Turnkey waterfront duplex generating approximately $100K/year in rental income.; 60 ft. of deep‑water dockage with immediate ocean access.; Two spacious 3BD/2BA units with private entrances and parking.
    More about this property
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