Sold for $1,680,000

$1,680,000

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

6beds

2,528sqft

Duplex

Built in 1997

-- sqft lot

$1,713,800 Zestimate^®

$665/sqft

$3,758 Estimated rent

Home value

$1,713,800

$1.63M - $1.80M

$3,758/mo

Zestimate^® history

Owner options

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$3,758/mo

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$3,758/mo

Rent Zestimate^®

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$10,349/mo

Est. payment

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$10,349/mo

Est. payment

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What's special

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!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4
Full bathrooms: 4

Cooling

Central Air, Ceiling Fans(s)

Appliances

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

Features

Storage
Flooring: Tile
Furnished: Yes

Interior area

Total structure area: 2,528
Total interior livable area: 2,528 sqft

Property

Parking

Parking features: RV Access/Parking, Storage

Features

Fencing: Fenced,Privacy
On waterfront: Yes

Lot

Size: 6,969 Square Feet

Details

Additional parcels included: 00072850-000100
Parcel number: 00072850000000
Zoning: R-2A - Key Colony Two Family

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Materials

Condition

Year built: 1997

Utilities & green energy

Utilities for property: Water Separate Meter, Elect Separate Meter, Cable Available

Community & HOA

Community

Features: Beach, Bike Paths
Security: Security Guard
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: $665/sqft
Annual tax amount: $6,941
Date on market: 5/28/2025
Listing terms: Cash,Conventional,FHA

Price history

Date	Event	Price
8/7/2026	Sold	$1,680,000-9.1%$665/sqft
Source: FLKMLS #615206 Report a problem
6/8/2026	Contingent	$1,848,000$731/sqft
Source: Key West AOR #615206 Report a problem
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