For sale

Price cut: $50K (3/18)

$1,848,000

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

6beds

2,528sqft

Est.:

Duplex, Multi Family

Built in 1997

-- sqft lot

$1,756,900 Zestimate^®

$731/sqft

$-- HOA

What's special

Olympic-size poolFully furnishedPrivate beachPrivacy fencingLush tropical landscapingPrivate entrances and parking

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 1/4 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.

298 days

621

12

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4
Full bathrooms: 4

Cooling

Central Air, Ceiling Fans(s)

Appliances

Included: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer

Features

Storage
Flooring: Tile
Doors: Sliding Glass Doors
Windows: Drapes/Blinds Incl, Window Treatments, Single Hung Windows, Panel
Furnished: Yes

Interior area

Total interior livable area: 2,528 sqft

Property

Parking

Total spaces: 4
Parking features: RV Parking Open, Trailer Storage
Has uncovered spaces: Yes

Features

Fencing: Fenced,Privacy
Has view: Yes
View description: Canal
Has water view: Yes
Water view: Canal
Waterfront features: Canal Front, Waterfront, Dock: Concrete, Dock Length: 60

Lot

Size: 6,969.6 Square Feet
Features: Less Than 1/4 Acre

Details

Additional parcels included: 00072850000100
Parcel number: 00072850000000
Zoning: R-2A
Zoning description: Key Colony Two Family

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex, Multi Family
Attached to another structure: Yes

Materials

CBS
Roof: Metal

Condition

Year built: 1997

Utilities & green energy

Electric: Elect Separate Meter
Sewer: Municipal Sewer, Community Swr Plant, Public Sewer
Water: Water Separate Meter
Utilities for property: FKAA, Cable Available, Cable Connected

Community & HOA

Community

Features: Tennis Court(s), Bike Paths, Beach
Security: Smoke Detector(s), Patrolled Area
Subdivision: Key Colony Beach (53.5)

HOA

Has HOA: No
Services included: None

Location

Region: Key Colony Beach

Financial & listing details

Price per square foot: $731/sqft
Annual tax amount: $6,941
Date on market: 5/28/2025
Listing terms: Cash,FHA,VA Loan,Conventional

Estimated market value

$1,756,900

$1.67M - $1.84M

$5,193/mo

Price history

Date	Event	Price
3/18/2026	Price change	$1,848,000-2.6%$731/sqft
Source: MLKAR #615206 Report a problem
1/22/2026	Price change	$1,898,000-2.3%$751/sqft
Source: FLKMLS #615206 Report a problem
1/3/2026	Price change	$1,943,000-0.3%$769/sqft
Source: MLKAR #615206 Report a problem
10/10/2025	Price change	$1,948,000-2.5%$771/sqft
Source: FLKMLS #615206 Report a problem
5/28/2025	Listed for sale	$1,998,000$790/sqft
Source: Key West AOR #615206 Report a problem