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Waterfront Vacation Rental
New
For Sale
$789,000

341 3rd Street, Key Colony Beach, FL 33051

Residential, Key Colony, FL

Property Size900 SF
Lot Size0.08 Acres
Price / SF$876.67
Days on Market3

Property Features for 341 3rd Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning R-2A - Key Colony Two Fam
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
Window features Blinds
Interior features Built-in Cabinets, Granite Counter Top, Smoke Alarms
Exterior features Outdoor Shower
Appliances Washer, Dryer, Dishwasher, Refrigerator, Oven, Microwave, Freezer, Ice Machine, Stainless Steel Appliance(s)
Subdivision Key Colony Beach (53.5)
Directions From US 1 at Mile Marker 53.5, turn onto Sadowski Causeway. Left onto East Ocean Drive. Left onto 3rd Street. House is halfway down street on the left. 341 is Left side of duplex.
Standard status Active
APN 00072790-000000
Size 900 SF
Lot size 0.08 Acres

Additional Details

Currently Operating Yes

Taxes and HOA fees

Tax Year 2026
Tax Description BK 3 S 1/2 LT 13 KEY COLONY BEACH PB3-120 SHELTER KEY
Tax Annual Amount 5498
Legal Description BK 3 S 1/2 LT 13 KEY COLONY BEACH PB3-120 SHELTER KEY

Utilities

Utilities Cable Available
Cooling system Ductless
Water front 1

Amenities

private dock
Cabana Club Beach Resort access
on-site parking

Building Details

Year built 1971
Floors in Building 1
Number of units 1
Flooring type Tile
Building materials CBS
Roof type Metal
Listing Agency: Expert Realty LLC (HQ)
Listed By: Melissa Gibbins · License #SL3506835
Added: Oct 28 Changed: Oct 29 Last Checked: Oct 30 at 1:06PM
MLS# 621842

Copyright © 2026 Key West 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.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This furnished 900-square-foot half-duplex contains two bedrooms and two bathrooms on a 0.08-acre lot. The property has CBS construction, impact windows and doors, a metal roof, tile flooring, and ductless cooling. Interior features include granite countertops and built-in cabinets; appliances include a washer, dryer, dishwasher, refrigerator, oven, microwave, freezer, and ice machine. An outdoor shower is also on site.

A 30-foot private concrete dock provides deep-water boat access, with routes to the Atlantic and Florida Bay via Vaca Cut. Waterfront restaurants, marinas, fuel, and dive shops are reachable by boat. The property is zoned R-2A - Key Colony Two Fam and was built in 1971. Existing vacation-rental bookings include access to Cabana Club Beach Resort, which has an oceanfront pool and beach.

Key Highlights

  • Active vacation rental with future bookings in place
  • 900 square feet with 2 bedrooms and 2 bathrooms
  • 30‑foot private deep‑water concrete dock

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

278
Businesses Nearby

Demographics for 33051, FL

790
Population
1,132
Households
0.7
Avg Household Size
63
Median Age
48%
College-Educated
95%
High-School Grad
0.4 sq mi
ZIP Area
1,975
Density / Sq Mi
$94,531
Median Household Income
$38,860
Median Earnings
$1,849
Median Rent
$834,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Short term rental property - Furnished two-bedroom half-duplex with a private dock and an active vacation-rental operation.
Where is this short term rental property located?
The property is located at 341 3rd Street Key Colony Beach, FL.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Active vacation rental with future bookings in place; 900 square feet with 2 bedrooms and 2 bathrooms; 30‑foot private deep‑water concrete dock
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