$1,948,000
Price
6
Beds
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 1/4 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 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.
  1. Listed by David N. Grego • Island Breeze Realty, LLC

Property Details for 461-471 3rd Street

Waterfront
Canal Front
Waterfront
Yes
Zoning
R-2A - Key Colony Two Family
Subdivision
Key Colony Beach (53.5)
Directions
Take Sadowski Causeway, make a left onto E Ocean Dr. Turn left onto 3rd st. Home is on the left
Vehicle Storage
RV Parking Open, Trailer Storage
Pets
Pets Allowed

Open Houses

Sunday, Jan 4th

12:00 PM - 2:00 PM

Public

LISTING UPDATED: 12/26/2025 03:20 PM

Property Details for 461-471 3rd Street

StatusActive
MLS #615206
Days on Market212
Taxes$6,941 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Duplex
Year Built1997
Lot Size0.15 AC / 6,672 SF
CountyMonroe County

Location

Listing Courtesy of Island Breeze Realty, LLC
Add your commute

Building Information for 461-471 3rd Street

Stories-Residences2Year Built1997Building Size-Lot Size0.15 AC / 6,672 SF

Payment Calculator

$10,204 per month

30 year fixed, 6.28% Interest

Principal and Interest

$9,626

Property Taxes

$578

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 461-471 3rd Street

Summary
Location and General Information
  • Waterview: Canal View
  • Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
  • Absolute Longitude: 81.015419
  • Control Depth: 5
  • Off Shore Island: No
  • Listing Board: Marathon/Lower Keys
  • Side: Ocean
  • Mile Marker: 53.5
  • Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
  • Neighborhood Feature: Tennis Courts, Bike Paths, Beach
  • Key/Island: Key Colony
Taxes and HOA Information
  • Association Info: Mandatory Home Owners Asc: No
  • Association Info: 1st Right of Refusal: No
  • License Info: # of City License: 2
  • Fee Includes: None
  • Furnished: Furnished
  • Tax Year: 2024
  • Tax Exemptions: None
Property
Lot Information
  • Acres: 0.16
  • SqFt Remarks: Each side is 1,264 sq. ft. with 3 BD/2BA in each unit. Lot sq. ft. is the combined total for the 2 units.
  • Parcel #: 00072850-000000
  • Add'l Parcel #1: 00072850-000100
  • Land Size: Less Than 1/4 Acre
Property and Assessments
  • Legal: BK 3 S 1/2 LOT 19 KEY COLONY BEACH PB3-120 SHELTER KEY OR318-468/69 OR354-87/88 OR635-14/15 OR871-1174 OR913-985 OR1398
  • MLS Approved: Y
  • SqFt Source: Property Data Card
  • Flood Zone: AE
  • Rentals Allowed: Yes
  • Deed Restrictions: Unknown
  • Picture Count: 82
  • Document Count: 10
  • Building Style: Above Flood: Yes
  • Security: Patrolled Area
  • Title: Negotiable
Utilities
  • Utilities: FKAA, Water Separate Meter, Cable Available, Elect Separate Meter, Municipal Sewer, Community Swr Plant
  • Pub Sewer HkUp: Yes
  • Species List: No
  • Pool: No
Interior and Exterior Features
Interior Features
  • Floor: Tile
  • Interior Features: Drapes/Blinds Incl, Smoke Alarms, Window Treatments, Storage
  • Pre-Wired: Cable
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
Exterior Features
  • Roof: Metal Roof
  • Shutters: Panel
  • Dockage: Dock Length: 60
  • Dockage: Dock: Concrete
  • Construction: CBS
  • Exterior Features: Fencing, Privacy Wall/Fence
  • Windows/Doors: Single Hung Windows, Sliding Glass Doors

Property History for 461-471 3rd Street

DateEvent & SourcePriceAppreciation
Nov 28, 2025

Expired

MiamiRE #A11829646

Oct 10, 2025

Price Change

MiamiRE #A11829646

$1,948,000
Jun 26, 2025

Listed (Active)

MiamiRE #A11829646

$1,998,000
May 28, 2025

Price Change

FKMLS #615206

$1,998,000
May 28, 2025

Listed (Active)

FKMLS #615206

$1,948,000
DateEvent & SourcePrice
11/28/2025

Expired

MiamiRE #A11829646

10/10/2025

Price Change

MiamiRE #A11829646

$1,948,000
06/26/2025

Listed (Active)

MiamiRE #A11829646

$1,998,000
05/28/2025

Price Change

FKMLS #615206

$1,998,000
05/28/2025

Listed (Active)

FKMLS #615206

$1,948,000

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

Schools near 461-471 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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461-471 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. This listing's school district is Monroe. Nearby schools include Stanley Switlik Elementary School, Marathon School and Coral Shores High School. 461-471 3rd Street is a 6-bed, 4-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.