GREAT LOCATION VERY NEAR OPEN END OF CANAL AND HAS A FLOATING DOCK ON 30 FT OF CONCRETE SEAWALL. Vaulted ceilings add to the spacious, open feel of this wonderful unit. 2 bedrooms, 2 baths, upstairs laundry and lots of closet space make this home one to enjoy by residents or vacationers. This home has been a licensed vacation rental with a good past history. Ask agent for details. The other half of the duplex is also available for sale and ask Agent for details.
Multi-familyProperty Type
1988Year Built
3,327 sq ftLot Size
$712Est. Price/Sq.Ft.
Listed by Lynn Goodwin, P.A.• Key Colony Beach Realty
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Market trends in Key Colony Beach, FL
Last updated August 2026
Buyer's Market
Seller's Market
Buyer's market
Sale-to-List Price
95.3%
+0.0% MoM
Median sale price
$1.8M
$214K MoM
Avg. days on market
204d
20 days MoM
Recently sold homes
18
3 MoM
Provided by Redfin
Sale history for 481 3Rd St
Date
Event
Price
FLKMLS #590789
Nov 13, 2020
Sold
$640,000
$476/sq ft
May 5, 2020
Listed
$650,000
$484/sq ft
FLKMLS #586749
May 15, 2020
Listing Removed
—
Jul 31, 2019
Listed
$1,299,000
$967/sq ft
FLKMLS #586750
May 15, 2020
Listing Removed
—
Jul 31, 2019
Listed
$675,000
$502/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$8,103 (+2.6%)
2024
$7,897 (+5.0%)
2023
$7,518 (+18.1%)
2022
$6,367 (+7.3%)
2021
$5,933 (+32.0%)
$228,498 + $317,334
$545,832
2020
$4,494 (−5.7%)
$218,418 + $198,562
$416,980
2019
$4,764 (+9.5%)
$218,418 + $198,562
$416,980
2018
$4,351 (+3.0%)
$215,032 + $204,233
$419,265
2017
$4,225 (+15.4%)
$221,886 + $207,712
$429,598
2015
$3,661 (+0.4%)
$223,240 + $178,122
$401,362
2014
$3,645
Tax history for 481 3Rd St
Year
Property tax
Land + Additions
Assessment*
2025
$8,103 (+2.6%)
2024
$7,897 (+5.0%)
2023
$7,518 (+18.1%)
2022
$6,367 (+7.3%)
2021
$5,933 (+32.0%)
$228,498 + $317,334
$545,832
2020
$4,494 (−5.7%)
$218,418 + $198,562
$416,980
2019
$4,764 (+9.5%)
$218,418 + $198,562
$416,980
2018
$4,351 (+3.0%)
$215,032 + $204,233
$419,265
2017
$4,225 (+15.4%)
$221,886 + $207,712
$429,598
2015
$3,661 (+0.4%)
$223,240 + $178,122
$401,362
2014
$3,645
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
3
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
3,327 Sq. Ft.
Year renovated
2008
Sq. Ft.
1,344
Year built
1988
Style
Single Family Residential
County
Monroe County
APN
0466 33 00072860000100
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 10, 2026.
Sep 18, 2025 • Final
Building
Bathroom
Kitchen
Remodel
Oct 30, 2024 • Final
Building
Replace existing windows with impact rated windows.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Building Style: Stilt Column Height: Medium - 5Ft - 9Ft
Construction: CBS
Subdivision/Neighborhood
Subdivision: Key Colony Beach (53.5)
Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
Financial
Tax Information
Taxes: $4,763.67
Tax Year: 2,019
Tax Exemptions: None
Financial Information
Terms: Cash, Conventional
Utilities
Utility Information
Utilities: Elect Separate Meter, Municipal Sewer
Pre-Wired: Cable
Has Public Sewer Hook-up
Location
Homeowners Association Information
Association Info: 1st Right of Refusal: No
Association Info: Association Fee $: 0.00
Fee Includes: None
Location Information
Side: Ocean
Mile Marker: 53.50
Directions: Take Sadowski off of US Hwy 1, into Key Colony and stay on it around curve onto East Ocean Dr and turn left on 3rd St , until near end of Street on left # 481.
Neighborhood Features
Beach, Tennis Courts, Bike Paths
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,344
Stories: 2.0
Lot Size: 3,327 square feet
Style: Single Family Residential
Year Built: 1988
Year Renovated: 2008
County: Monroe County
APN: 0466 33 00072860000100
Home facts updated by county records on Jul 10, 2026
Other
Auction Information
Financial Status: Auction: No
Around this home
Schools
Stanley Switlik Elementary School
Public PreK-5 • Assigned • 5.0mi
5/10
Marathon School
Public 6-12 • Assigned • 4.2mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
Heat Factor
We're working on getting current and accurate heat risk information for this home.
10/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Key Colony Beach, FL • 33051
Average low and high temperatures (°F)
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78
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Jan
Feb
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Apr
May
Jun
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Sun exposure
In this area, properties receive around 10 hours in
June and 7.3 hours in December, placing it above the
U.S. average for solar exposure.
10 hrs
7.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$910,000 – $1.10M
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