$1,948,000
Price
Beds
Baths
2,528 Sq. Ft.
$771 / Sq. Ft.
2,528
Sq. Ft.
$771
per Sq. Ft.

Description

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...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.
  1. Listed by David Grego • Island Breeze Realty, LLC

Property Details for 461 3rd Street

Subdivision
KEY COLONY BEACH
Style
Duplex
Waterfront
Yes
Waterfront Description
Canal Front, Ocean Access
Area
98 Florida Keys
Geographic Area
Other Geographic Area (Out Of Area Only)
Total Units
2
Num Stories
1

Open Houses

Sunday, Jan 4th

12:00 PM - 2:00 PM

Public

LISTING UPDATED: 12/23/2025 09:25 AM

Property Details for 461 3rd Street

StatusActive
MLS #A11924718
Days on Market215
Taxes$6,871 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family Income / Duplex
Year Built1997
Lot Size-
CountyMonroe County

Location

Listing Courtesy of Island Breeze Realty, LLC
Add your commute

Building Information for 461 3rd Street

Stories-Residences2Year Built1997Building Size-Lot Size-

Payment Calculator

$10,198 per month

30 year fixed, 6.28% Interest

Principal and Interest

$9,626

Property Taxes

$573

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 461 3rd Street

Location Information
Location Information
  • Parcel Number Free Text: 00072850-000000
  • Parcel Number MLX: 2
  • MLS Area: 98 Florida Keys
  • Subdivision Complex Bldg: KEY COLONY BEACH
  • Unit Count: 2
  • Zoning Information: R-2A - Key Colony Tw
General Information
Parking
  • Num Parking Spaces: 5
General Information
  • Property Type Information: Attached
  • Approximate Lot Size: 6,672 sq. ft.
  • Lot Description: Less Than 1/4 Acre Lot
  • Waterfront Frontage: 60
  • Water Access: Private Dock
  • Boat Access: Private Dock
  • Boat Services: Private Dock
  • Spa: No
  • Pool: No
  • Construction: CBS Construction
  • Construction Type: CBS Construction
  • Roof Description: Metal Roof
  • Flooring: Tile Floors
  • Floor Description: Tile Floors
Additional Property Information
Utilities
  • Heating Description: Other
  • Cooling Description: Ceiling Fans, Central Cooling
  • Water Description: Municipal Water
  • Sewer Description: Municipal Sewer
  • Separate Meter: Yes
  • Cable Available: Yes
Additional Property Information
  • Guest Accommodations: No
  • Rent Includes: Sewer
  • Windows Treatment: Single Hung Metal
  • Exterior Features: Fence, Hurricane Shutters, Open Porch, Patio
Financial Information
Financial Information
  • Total Mortgage: $437,750
  • Type of Association: None
  • Flood Zone: AE
  • Tax Year: 2024
  • Tax Information: Tax Reflects No Exemptions
  • Information Available: Other Available Information

Property History for 461 3rd Street

DateEvent & SourcePriceAppreciation
May 28, 2025

Listed (Active)

MiamiRE #A11924718

$1,948,000
Jan 23, 2017

Sold

FKMLS #573232

$515,000
Jan 20, 2017

Sold (Public Record)

Public Record #590112719

$515,000

+0.5% / yr

Dec 17, 2016

Pending

FKMLS #573232

Dec 17, 2016

Listed (Active)

FKMLS #573232

$540,000
Jul 21, 2003

Sold (Public Record)

Public Record #118754906

$482,000
Jul 17, 2003

Sold

FKMLS #515169

$482,000
Jun 5, 2003

Pending

FKMLS #515169

Feb 13, 2003

Listed (Active)

FKMLS #515169

$480,000
DateEvent & SourcePrice
05/28/2025

Listed (Active)

MiamiRE #A11924718

$1,948,000
01/23/2017

Sold

FKMLS #573232

$515,000
01/20/2017

Sold (Public Record)

Public Record #590112719

$515,000

+0.5% / yr

12/17/2016

Pending

FKMLS #573232

12/17/2016

Listed (Active)

FKMLS #573232

$540,000
07/21/2003

Sold (Public Record)

Public Record #118754906

$482,000
07/17/2003

Sold

FKMLS #515169

$482,000
06/05/2003

Pending

FKMLS #515169

02/13/2003

Listed (Active)

FKMLS #515169

$480,000

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

Public Records for 461 3rd Street

Taxable ValueLand$451,027Additions$241,593Total$692,620
Tax Record2024$6,941 ($578 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,264 SqFtAbove Grade Finished SqFt1,264 SqFtStories1Lot Size3,338 SqFtStyleSingle Family ResidenceYear Built1997Year Renovated2007CountyMONROEAPN00072850-000000

Schools near 461 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.

Similar Homes

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461 3rd Street is a multi-family home for sale in Key Colony Beach, FL 33051. This property was listed for sale on May 28, 2025 by Island Breeze Realty, LLC, it's currently listed at $1,948,000. It has been on the market for a total of 215 days and was last sold on January 23, 2017. This listing's school district is Monroe. Nearby schools include Stanley Switlik Elementary School, Marathon School and Coral Shores High School. 461 3rd Street is a 0-bed, 0-bath, 2,528 sqft multi-family home built in 1997.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Island Breeze 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.