You find the third spy on the very top of the roof above the monkey mechanic! you actually need both your camo suit and the bow tie to get to her. Also when you do find her, shes in a cage so you have to use the cherry bombs to blow up her cage...and you get the cherry bombs to her with the help of some bouncy flowers this would help
there is no key for the 3rd spy
Infiltrate the enemy headquarters: the B.A.D. control center.
when you get on spy island you go to the far left to get to the docks and to.......to save the spy!!
The third spy has it
There is no greenhouse on Spy Island.
go to the very bottom
You get them after you save the last spy.
In "Spy Island" at the end of the game to save the 3rd spy.
so you can save the woman spy
You reach the rooftops above the Grease Monkey garage after you rescue the spy from the electrified building on Toupee Terrace. The first spy to save is at the docks, the second on Toupee Terrace, and the third on the rooftops, because you need tools from the first to save the second, and from the second to save the third. The only way to the building tops is using the Grappling Bowtie from the second spy. (see all three at the related question)
Get the fingerprint from the B.A.D. Bistro. With that and the Ultra-Vision Googls, you can enter the BAD Hideout to the right of Toupee Terrace. (see related question)
By rescuing the third spy.