MikeSapp

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

$1,848,000
  • 461 & 471 3rd Street, Key Colony, FL 33051 Main Photo

71 Total Photos [Click to View All]

Active
BEDS6 BATHS4 full SQUARE FEET2,528 MLS#615206
STATUSActive PROPERTY TYPEResidential - Multiple SUBDIVISIONKey Colony Beach (535)

Property Description

Capitalize on proven income and flexibility with this fully furnished, turnkey waterfront duplex generating approx. $100K/year in rental income! Built above flood for added peace of mind and potential insurance savings, this well-established (for 10+ years) vacation rental features two spacious 3BD/2BA units with private entrances and parking. Enjoy 60 ft. of deep-water dockage on a wide canal with immediate ocean access, plus two private waterfront outdoor living spaces framed by lush tropical landscaping and privacy fencing between. Whether you rent both units, live in one and rent the other or enjoy as a multi-family retreat, this property offers unmatched versatility at a price point well below comparable 6-bedroom waterfront single-family homes in Key Colony Beach. Just 1/4 mile from the Cabana Club and close to beaches, dining, and shopping--ready for immediate use or continued rental success!

461 & 471 3rd Street | MLS# 615206

This home located at 461 & 471 3rd Street, Key Colony, FL 33051 is currently listed for sale with an asking price of $1,848,000. This property was built in 1997 and has 6 bedrooms and 4 full baths with 2528 sq. ft. & 471 3rd Street is located in the Key Colony Beach (535) subdivision. Search Key Colony Beach (535) real estate on mikesapp.adamscameron.com today.

Property Features

Property Type: Residential - Multiple
Cooling: Central Air, Ceiling Fans(s)
Fenced: Yes
Lot Size: 0.16 Acres
Roof Type: Metal Roof
Taxes: $6,941
Year Built: 1997

Feature Descriptions

Add. Parcel #1: 00072850-000100
Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
Building Above Flood: Yes
Community Features: Tennis Courts, Bike Paths, Beach
Days on Site: 335
Dock: Concrete
Dock Length: 60
Exterior: Fencing, Privacy Wall/Fence
Exterior: CBS
Flood Zone: AE
Flooring: Tile
Furnished: Furnished
Furnished: Yes
HOA (1st Right of Refusal) Y/N: No
HOA (Mandatory) Y/N: No
Interior: Drapes/Blinds Incl, Smoke Alarms, Window Treatments, Storage
Key/Island: Key Colony
Listing Board: Marathon/Lower Keys
Lot Dimensions: 0.16Acre(s)
Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
Off Shore Island: No
Parcel #: 00072850-000000
Parking: RV Parking Open, Trailer Storage
Parking Space(s): 4+
Pets: Pets Allowed
Security: Patrolled Area
Sewer Hookup: Yes
Shutters: Panel
Tax exemptions: None
Units: 2
Utilities: FKAA, Water Separate Meter, Cable Available, Elect Separate Meter, Municipal Sewer, Community Swr Plant
Waterfront: Canal Front
Waterview: Canal View
Windows/Doors: Single Hung Windows, Sliding Glass Doors
Zoning: R-2A - Key Colony Two Family

Listed By / Shown By

Listed By

Agency Name: Island Breeze Realty, LLC
Agency Phone: (305) 289-8855

Shown By

Agent Name: Mike Sapp
Agent Phone: (386) 547-8778
Agency Title: Adams Cameron & Co. REALTORS

IDX logo

Estimate Your Payment

Estimated Payment

$ 10,953.25 per month $9,835.83 Principal & Interest $578.42 Property Tax $539.00 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Rose Pinto and Dawson Walker can help you get pre-approved quickly and easily in order to get the home buying process started.

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/28/2026. The listing information on this page last changed on 04/28/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 04/28/2026 12:01:35 AM EST) or Miami MLS (last updated Mon 04/27/2026 11:58:29 PM EST) or Stellar MLS (last updated Mon 04/27/2026 11:44:10 PM EST) or Daytona MLS (last updated Mon 04/27/2026 11:36:44 PM EST) or Tallahassee MLS (last updated Mon 04/27/2026 10:48:19 PM EST) or Northeast Florida MLS (last updated Mon 04/27/2026 11:58:56 PM EST) or My State MLS (last updated Mon 04/27/2026 11:30:12 PM EST) or Florida Keys MLS (last updated Mon 04/27/2026 8:29:54 PM EST). Real estate listings held by brokerage firms other than Adams Cameron & Co. REALTORS may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
Privacy Policy / DMCA Notice / ADA Accessibility

Login to My Homefinder

Pixel