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Home For Sale
461 & 471 3rd St
Key Colony Beach, Florida 33051
Monroe CountyWaterfront:
YesCommunity: Key Colony Beach (535)
$1,848,000
6 br, 4.0 bath
2528 sq. ft.
0.160 acres
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!
Interior:
- Bedrooms: 6
- Baths: 4.0
- Sq Ft: 2528
- Year Built: 1997
- Utilities:
- Fireplaces:
- Stories:
- Heat/AC:
- Garage: RV
Exterior:
- Lot Size: 0.160 acre
- Lot Dimensions:
- Waterfront: Yes
- View Types:
- Yard:
- Siding:
- Roof: Metal
- Property Taxes: $6,941
- MLS #: 615206
Contact Information:
Listing Agent: David N. Grego, Island Breeze Realty, LLC, 305-481-1296, 305-289-8855
Listing Site, Listing Status: Active
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.
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.
Ad Number: 6225530
Viewed 127 times.
Updated: Apr 28, 2026
