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461 & 471 3rd Street

Key Colony, FL 33051
  • $1,848,000
  • STATUS: Active
  • ON SITE: 344 Days
  • MLS #: 615206
Open House
UPDATED: 64 min ago
$1,848,000
  • 6
    BEDS
  • 0.16
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,528
    SQFT
  • $731
    $/SQFT
Neighborhood:
Key Colony Beach (53.5)
Type:
Single-Family Home
Built:
1997
County:
Monroe
Area:
17 - Vaca Cut - Both Sides Holiday Inn/Key Colony

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Description

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 ¼ mile from the Cabana Club and close to beaches, dining, and shopping--ready for immediate use or continued rental success!

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Coastal Collection Real Estate Inc. are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.buythekeys.com/homes/164273862
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461 & 471 3rd Street Key Colony, FL 33051

  • Price: $1,848,000
  • Status: Active
  • On Site: 344 Days
  • Updated: 64 min ago
  • MLS #: 615206
6
Beds
4
Baths
0
½ Baths
0.16
Acres
2,528
SQFT
$731
$/SQFT
1997
Built
Neighborhood:
Key Colony Beach (53.5)
County:
Monroe
Area:
17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
Property Description
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 ¼ mile from the Cabana Club and close to beaches, dining, and shopping--ready for immediate use or continued rental success!
Exterior Features

Architectural Style [] Construction Materials CBS Dock Concrete Dock Length 60 Exterior Features FencingPrivacy Wall/Fence Parking Features RV Access/ParkingStorage Patio And Porch Features [] Pool Features [] Pool Private YN No Roof Metal Roof Shutters Panel Vehicle Storage RV Parking OpenTrailer Storage Vehicle Storage Cars 4+ View [] Waterview Canal View Window Features [] Windows Doors Single Hung WindowsSliding Glass Doors

Interior Features

Accessibility Features [] Appliances WasherDryerDishwasherRefrigeratorRangeOvenMicrowaveStainless Steel Appliance(s) Cooling Central AirCeiling Fans(s) Cooling YN Yes Flooring Tile Furnished Furnished Interior Drapes/Blinds InclSmoke AlarmsStorageWindow Treatments Interior Features Storage Laundry Features [] Levels [] Rooms Total 0

Property Features

Above Flood Yes Additional Parcels Description 00072850-000100 Association Fee 0 Association Fee Includes None Association YN No Association1st Right Of Refusal No Building Features [] Community Features BeachBike Paths Control Depth 5 Deed Restricts Unknown Electric [] Flood Zone AE Frontage Type [] Green Energy Generation [] Green Water Conservation [] Land Size Less Than 1/4 Acre Listing Terms CashConventionalFHA Marathon Nbhd Marathon East - Gulf (Airport to Vaca) Mile Marker 53.5 Min Rental Days 7 Off Shore Island YN No Other Equipment [] Other Structures [] Pets Allowed Yes Pre Wired Cable Property Condition [] Property Sub Type Duplex Public Sewer Hookup Yes Rental Allowed Yes Security Features Patrolled Area Special Licenses [] Tax Annual Amount 6941.18 Tax Legal Description 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 Tax Year 2024 Title Negotiable Utilities Water Separate MeterElect Separate MeterCable Available Utilities Info FKAACommunity Swr PlantMunicipal SewerWater Separate MeterElect Separate MeterCable Available Water Source [] Waterfrnt Yes Waterfront Canal Front Waterfront Features [] Waterfront YN Yes Zoning R-2A - Key Colony Two Family

Listing courtesy of David Grego of Island Breeze Realty, LLC: .


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Coastal Collection Real Estate Inc. are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Coastal Collection Real Estate Inc.
422 Fleming St Suite 7
Key West FL, 33040