$1,275,000
$25K PRICE DROP

1006 16th Terrace Key West, FL 33040

New Town Neighborhood

Estimated payment $6,939/month

Total Views 47,171
5 Beds
3 Baths
2,016 Sq Ft
$632 Price per Sq Ft

About This Home

Welcome to 1006 16th Terrace, a charming two-story residence nestled in the New Town area of Key West, Florida. Whether you are looking for a single-family home or a multi-family arrangement, this property at 1006 16th Terrace combines comfort, functionality & the charm of Key West living. Home boasts 5 bedrooms and 3 bathrooms offering a floorplan that will accommodate multiple situations. The exterior of the home is a testament to meticulous landscaping, creating a serene & inviting atmosphere. A detached storage unit provides additional space for a multitude of uses. The residence features a two-zone air conditioning system, ensuring optimal comfort throughout the year. The home has been recently painted, adding to its fresh & well-kept appearance. The original ground level home was built in 1965; however, the second story addition was built in 1993, with an open floorplan, bamboo floors and a window view of the Gulf of American. Enjoy the oversized balcony among the many trees. The home is equipped with storm rated windows and doors for your added protection. Call today for your private showing.A Matterport virtual tour has just been added to be viewed

Listing Agent

Barbara Crespo

Keller Williams Key West Compass Realty License #653688 Listed on: 03/22/2025

Keller Williams Key West Compass Realty

Map

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,749

Year Built

1965

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Contingent: None
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: New Town
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 4.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Median
  • State Province: FL
  • Taxes: 1801.00
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 1
  • Year Built: 1965
  • Alternate Key Number: 1057711
  • Building Style: Ground Level
  • Cooling Heating: Central Air, Ductless, Ceiling Fans(s)
  • Lot Sq Ft: 5700.00
  • Porch Balcony: Open Porch/Balcony
  • Shutters: Other
  • Tax Exemptions: Homestead, Widow/Widower
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2016.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Storage
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Combo, Wood
  • Specialty Rooms: Laundry Room, Workshop
  • Windows/Doors: Sliding Glass Doors, Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 5
  • Sq Ft Remarks: detached storage unit offers an additional 550 sq. ft not included in living area .

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS, Combo Construction, Stucco
  • Exterior Features: Fencing, Storage, Shed, Rain Gutters, Fruit Tree(s)
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Lot Size: 57*100
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2024

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,749 $248,224 -- --
2023 $1,749 $240,995 $0 $0
2022 $1,697 $233,976 $0 $0
2021 $1,701 $227,162 $0 $0
2020 $1,668 $224,026 $0 $0
2019 $1,630 $218,990 $0 $0
2018 $1,609 $214,907 $0 $0
2017 $1,587 $210,487 $0 $0
2016 $1,608 $206,158 $0 $0
2015 $1,637 $204,725 $0 $0
2014 $1,741 $203,100 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 Price Changed $1,275,000 -1.9% $632 / Sq Ft
03/22/2025 03/22/25 For Sale $1,300,000 -- $645 / Sq Ft
Source: Key West Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $100 --
Quit Claim Deed $100 --
Source: Public Records

Source: Key West Association of REALTORS®

MLS Number: 614317

Key West Association of REALTORS®

APN: 00057230-000000

Florida Monroe County Key West 33040 New Town

1006 16th Terrace, Key West, FL

This home is located at 1006 16th Terrace, Key West, FL 33040 and is currently priced at $1,275,000, approximately $632 per square foot. This property was built in 1965. 1006 16th Terrace is a home located in Monroe County with nearby schools including Poinciana Elementary School, Key West High School, and Sigsbee Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Key West Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Barbara Crespo
Listing Agent
Barbara Crespo
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Keller Williams Key West Compass Realty
(305) 797-0803