Active
2 beds1,037 sqft
Est: $5,039/moGet pre-approved
Unit DuplexProperty Type
0.06 acresLot Size
1974Year Built
$838/sq ftPrice per sq ft

Description

KEY COLONY BEACH WATERFRONT GEM 30' OF DOCKAGE WALK TO CABANA CLUB TURNKEY VACATION RENTALWelcome to your slice of the Florida Keys in sought-after Key Colony Beach! This gorgeous 2-bedroom, 2-bath half duplex offers the perfect combination of coastal living, boating convenience, and vacation-rental potential. Ideally located just a short walk from the renowned Cabana Club. Step inside to find a stylish, thoughtfully updated interior featuring granite countertops, stainless steel appliances, tile...KEY COLONY BEACH WATERFRONT GEM 30' OF DOCKAGE WALK TO CABANA CLUB TURNKEY VACATION RENTALWelcome to your slice of the Florida Keys in sought-after Key Colony Beach! This gorgeous 2-bedroom, 2-bath half duplex offers the perfect combination of coastal living, boating convenience, and vacation-rental potential. Ideally located just a short walk from the renowned Cabana Club. Step inside to find a stylish, thoughtfully updated interior featuring granite countertops, stainless steel appliances, tile flooring, and quality finishes throughout. Impact windows and doors provide peace of mind while allowing plenty of natural light to fill the home. Outdoor living is just as impressive, with 30 feet of dockage providing the perfect setup for boating, fishing, and enjoying everything the Florida Keys has to offer. After a day on the water, rinse off in the convenient outdoor shower or relax and soak in the laid-back island lifestyle. The property is being offered fully furnished and turnkey and is currently established in the vacation rental program, making this an exceptional opportunity for an owner looking for a personal Keys getaway with rental income potential.
28 days on Market
  • Listed by: Katie Grace Carrillo • LPT Realty, LLC
Last updated: 08/21/2026 03:01 AM • Source: FKMLS, MLS#: 621039

Location

Listing Courtesy of LPT Realty, LLC
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Payment Calculator

$5,039 per month

30 year fixed, 6.71% Interest

Principal and Interest

$4,491

Property Taxes

$548

HOA Dues

$0

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Property Information for 261 3rd Street

Property Details
  • Taxes: $6,581 / year
  • MLS Type: Residential / Single Family Residence
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Zoning: R-1A - Key Colony Single Family
  • Subdivision: Key Colony Beach (53.5)
  • View: Canal
  • Vehicle Storage: Open Parking, Trailer Storage, Guest Parking
  • Pets: Pets Allowed
Building Information
  • Year Built: 1974
  • Lot Size: 0.06 AC / 2,797 SF
Summary
Location and General Information
  • Waterview: Canal View
  • Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
  • Absolute Longitude: 81.015026
  • Control Depth: 5
  • Listing Board: Marathon/Lower Keys
  • Side: Ocean
  • Mile Marker: 53.5
  • Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
  • Key/Island: Key Colony
Taxes and HOA Information
  • Association Info: Mandatory Home Owners Asc: No
  • Association Info: 1st Right of Refusal: No
  • Fee Includes: None
  • Furnished: Furnished
  • Tax Year: 2025
  • Tax Exemptions: None
Property
Lot Information
  • Lot Size: X
  • Acres: 0.06
  • Parcel #: 00072750-000000
  • Land Size: Less Than 1/4 Acre
Property and Assessments
  • Legal: BK 3 SLY PORTION LT 9 KEY COLONY BEACH PB3-120 SHELTER KEY OR541-652 OR774-176 OR1340-1112 OR1340-1113 OR1980-946 OR2084
  • MLS Approved: Y
  • SqFt Source: Property Data Card
  • Flood Zone: AE
  • Rentals Allowed: With Restrictions
  • Deed Restrictions: Unknown
  • Picture Count: 44
  • Document Count: 1
  • Building Style: Above Flood: Unknown
  • Building Style: Stilt Column Height: Short - 4Ft & Under
  • Property Condition: Updated/Remodeled
  • Title: Title Ins - Buyer
Utilities
  • Utilities: FKAA, Elect Separate Meter, Water Separate Meter, Buyer to Verify
  • Pub Sewer HkUp: Yes
  • Pool: No
  • Porch/Balcony: Open Porch/Balcony
Interior and Exterior Features
Interior Features
  • Floor: Tile
  • Interior Features: Granite Counter Top, Smoke Alarms
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Range, Refrigerator, Dishwasher, Dryer
Exterior Features
  • Roof: Metal Roof
  • Dockage: Dock Length: 30
  • Dockage: Dock: Wood
  • Dockage: Seawall: Concrete
  • Construction: CBS
  • Exterior Features: Fencing, Privacy Wall/Fence, Outdoor Shower
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors

Property History for 261 3rd Street

DateEvent & SourcePriceAppreciation
Aug 21, 2026

Listed (Active)

Marathon and Lower Keys AOR #621039

$869,000
Aug 21, 2026

Listed (Active)

FKMLS #621039

$869,000
Aug 21, 2026

Listed (Active)

Key West AOR #621039

$869,000
DateEvent & SourcePrice
08/21/2026

Listed (Active)

Marathon and Lower Keys AOR #621039

$869,000
08/21/2026

Listed (Active)

FKMLS #621039

$869,000
08/21/2026

Listed (Active)

Key West AOR #621039

$869,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 261 3rd Street

Taxable ValueLand$389,063Additions$254,706Total$643,769
Tax Record2025$6,581 ($548 / month)
Home Facts
Beds2Baths2Total Finished SqFt1,037 SqFtAbove Grade Finished SqFt1,037 SqFtStories1Lot Size2,797 SqFtStyleSingle Family ResidenceYear Built1974Year Renovated2014ZoningINCCountyMONROEAPN00072750-000000

Schools near 261 3rd Street

This home is within Monroe.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - 9 to 12
Charter - PK to 5
Rating
School
Distance
Stanley Switlik Elementary School
PublicPK to 5

Marathon School
Public6 to 12

Coral Shores High School
Public9 to 12

Big Pine Academy
CharterPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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261 3rd Street is for sale in Key Colony Beach, FL 33051. This property was listed for sale on August 21, 2026 by LPT Realty, LLC, it's currently listed at $869,000. It has been on the market for a total of 28 days and was last sold on September 15, 2023. This listing's school district is Monroe. Nearby schools include Stanley Switlik Elementary School, Marathon School and Coral Shores High School. 261 3rd Street is a 2-bed, 2-bath, 1,037 sqft built in 1974.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of LPT Realty, LLC

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.