461 & 471 3rd St Key Colony, FL $ 1,848,000
461 & 471 3rd St
$ 1,848,000
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461 & 471 3rd St

Key Colony, FL, 33051
$ 1,848,000
Bedrooms3 Baths2.0 Sq 2,528

Monthly Estimate*

$ 11,378

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View a Virtual Tour
Multi-Family Home for sale in Key Colony, FL for $1,848,000 with 3 bedrooms and 2 full baths. This 2,528 square foot home was built in 1997.

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.

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Multi-Family Active

Price

$ 1,848,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 6,871

Style

Year Built

1997

Town/City

Key Colony

County/Region

Monroe

MLS | Web ID

A11924718

Features
General
Sewer Public Sewer
Heating Other
Cooling Central Air Ceiling Fan(s)
Utilities Cable Available
Possession Closing & Funding
Roof Metal
Patio/Porch Features Open Patio Porch
Pool Features None
Construction Materials Block
Year Built 1997
Stories Count 1
Levels One
Property Subtype Duplex
Tax Year 2024
Waterfront Features Canal Front Ocean Access
County Monroe
Property Type Residential Income
Subdivision Name KEY COLONY BEACH
Rent Includes Sewer
Full Baths 2
Status Active
City Key Colony
Zoning Description R-2A - Key Colony Tw
Number Of Units Total 2
MLS Area 98 Florida Keys
Lot Size Units Square Feet
Listing Terms Cash Conventional FHA VA Loan
Year Built Details Effective Year Built
Tax Annual Amount 6871
MLS Area Minor Other Geographic Area (Out Of Area Only)
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11924718
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Duplex
Legal 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 OR1398-122/23 OR1414-2078/7
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Interior
Flooring Tile
Air Conditioning Y/N true
Window Features Metal Single Hung
Half Baths 0
Total Bedrooms 3
Total Baths 0
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Exterior
Exterior Amenities Fence Porch Patio Storm/Security Shutters
Lot Features < 1/4 Acre
Water Source Public
Total Parking 5
Spa false
Frontage Length 60
Waterfront Y/N true
Covered Spaces 0
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* Excluded Features
List By
Island Breeze Realty, Llc

Broker

david@islandbreezerealty.com

Email

Affordability Calculator

$11,951
Per Month
95%
5%
0%
Monthly Principal & Interest
$11,378
Monthly Property Taxes
$573
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
Date Price Price Change Description
3/18/2026 $1,848,000 -2.63% Price Down
1/22/2026 $1,898,000 -2.32% Price Down
1/5/2026 $1,943,000 -0.26% Price Down
12/16/2025 $1,948,000 Listed Price

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461 & 471 3rd St, Key Colony, FL, 33051 is a Multi-Family Home for sale at $1,848,000 with 2,528 sqft. 461 & 471 3rd St has 3 bedrooms, 2.0 baths, and was built in 1997. The property's zip code is 33051 which is in Key Colony, FL