NOT LISTED FOR SALE

1007 Watson St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $762,000 - $768,000

1 Bed
2 Baths
646 Sq Ft
$1,183/Sq Ft Est. Value

Sale Details

Date Sold: September 21, 2022

Last sale price $648,000 $1,003 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,491 / mo

33 Days on Market

Highlights

  • Active Adult
  • Garden View
  • Ceiling Fan
  • Vaulted Ceiling
  • No HOA
  • 3-minute walk to Higgs Beach Dog Park

About This Home

As of September 2022

“The Key West Tree House” is a cozy and comfortable home that will transition you from the rest of civilization to the relaxing Historic District of Key West. This light-filled home is hidden on a secret path in the charming streets of Old Town. Wake up each morning and enjoy coffee on the balcony overlooking tropical treetops and, in the evening, enjoy cocktails on the patio. Completely and recently renovated, boasting 2 full baths, outdoor shower, and a kitchen with new appliances that's ready for your culinary creativity. Wood Beamed ceilings in the Bedroom add to the tropical charm. Centrally located in Old Town, the soul of Key West, where the activity of Duval Street and the beaches, are just moments away. Phenomenal Income producing opportunities present themselves as well.

Last Agent to Sell the Property

Michael Marinelli

American Caribbean Real Estate License #0624654 Listed on: 06/13/2022

Co-Listed By

Joel Young

American Caribbean Real Estate License #3223001

Last Buyer's Agent

Joel Young

American Caribbean Real Estate License #3223001

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,092

Year Built

  • Built in 1980 | Remodeled

Lot Details

  • Southwest Facing Home
  • Fenced

Parking

  • On-Street Parking

Home Design

  • Entry on the 1st floor
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 646 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Garden Views
  • Electric Range

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Community Details

  • Active Adult
  • No Home Owners Association
  • Gwynn Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00033300000101

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,092

Year Built

Built in 1980 | Remodeled

Lot Details

697 Sq Ft Lot

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Located in Old Town just South of Truman.
  • Year Built: 1980
  • Entry Level: 1
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Upper Level Primary, Vaulted Ceiling(s)
  • Appliances: Electric Range, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Flooring: Other
  • Living Area: 646.0
  • Stories: 2

Exterior Features

  • View: Garden, Other
  • Fencing: Fenced
  • Pool Private: No
  • View: Yes
  • Waterfront: No
  • Construction Type: Block, Wood Siding
  • Direction Faces: Southwest
  • Property Condition: Resale, Updated/Remodeled
  • Roof: Metal

Garage/Parking

  • Garage Yn: No
  • Parking Features: On Street

Utilities

  • Other Equipment: Other
  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Senior Community: Yes
  • Amenities: None
  • Association: No
  • Pets Allowed: Pet Restrictions, Yes

Lot Info

  • Parcel #: 00033300000101
  • Mobile Dim Units: Feet
  • Zoning: SF - Single Family

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3092.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2024
Sold by
Bought by
Current Estimated Value
$764,087

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Outstanding Balance
$259,648
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$504,439

Purchase Details

Listed on
Jun 13, 2022
Closed on
Sep 21, 2022
Sold by
Bought by
Seller's Agent
Michael Marinelli
American Caribbean Real Estate
Buyer's Agent
Joel Young
American Caribbean Real Estate
List Price
$849,000
Sold Price
$648,000
Premium/Discount to List
-$201,000
-23.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.28%
Original Mortgage
$615,600
Interest Rate
5.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2015
Sold by
Bought by

Purchase Details

Listed on
Jul 24, 2013
Closed on
Oct 23, 2013
Sold by
Bought by
Seller's Agent
Douglas Mayberry
Doug Mayberry Real Estate (KW)
Buyer's Agent
Ocean Sotheby's International Realty
List Price
$399,000
Sold Price
$361,000
Premium/Discount to List
-$38,000
-9.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.01%

Purchase Details

Closed on
Aug 9, 2010
Bought by

Purchase Details

Closed on
Aug 7, 2010
Sold by
Bought by

Purchase Details

Closed on
Aug 25, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
5.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2009
Bought by

Purchase Details

Closed on
Jan 31, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,000
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,360
Interest Rate
5.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 6, 2004
Bought by

Purchase Details

Closed on
Aug 30, 2003
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Old Town, FL

  • Karol Marsden Real Estate Agent - Langley Knight Gardner Islamorada

    Karol Marsden

    Langley Knight Gardner Islamorada

    (786) 751-4270

    30 Total Sales

    2 in Old Town

    $1,550,000 Price Range

    Karol Marsden
     Section Image
  • Dawn Thornburgh Real Estate Agent - Beach Club Brokers (KW)

    Dawn Thornburgh

    Beach Club Brokers (KW)

    (786) 751-6723

    21 Total Sales

    7 in Old Town

    $825K - $3.4M Price Range

    Dawn Thornburgh
     Section Image
  • Dan Serban Real Estate Agent - Key West Luxury Real Estate Inc (KW)

    Dan Serban

    Responds Quickly

    Key West Luxury Real Estate Inc (KW)

    (786) 589-8683

    62 Total Sales

    11 in Old Town

    $4K - $3.4M Price Range

    Dan Serban
     Section Image
  • Jennifer Newman Real Estate Agent - Truman & Co. (KW)

    Jennifer Newman

    Truman & Co. (KW)

    (786) 751-3305

    68 Total Sales

    35 in Old Town

    $550K - $6.5M Price Range

    Jennifer Newman
     Section Image
  • Miriam Novotny Real Estate Agent - Compass Florida, LLC

    Miriam Novotny

    Compass Florida, LLC

    (786) 933-8090

    46 Total Sales

    6 in Old Town

    $380K - $1.6M Price Range

    Miriam Novotny
     Section Image
  • Terrance Sullivan Real Estate Agent - Ocean Sotheby's International Realty

    Terrance Sullivan

    Ocean Sotheby's International Realty

    (888) 612-4007

    67 Total Sales

    13 in Old Town

    $710K - $6.4M Price Range

    Terrance Sullivan
     Section Image
See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$729,000 None Listed On Document
$648,000 First International Title
-- None Available
$361,000 None Available
$100 --
-- Attorney
$235,000 Attorney
$21,000 --
$545,000 First American Title Ins Co
-- True Title Agency Inc
$401,700 True Title Agency Inc
$272,000 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $265,000
Previous Owner $615,600
Previous Owner $188,000
Previous Owner $456,500
Previous Owner $436,000
Previous Owner $321,360
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/21/2022 09/21/22 Sold $648,000 -23.7% $1,003 / Sq Ft
07/16/2022 07/16/22 Pending -- -- --
06/13/2022 06/13/22 For Sale $849,000 -26.2% $1,314 / Sq Ft
03/11/2022 03/11/22 Sold $1,150,000 -2.1% $1,094 / Sq Ft View Prior Sale
01/25/2022 01/25/22 Price Changed $1,175,000 -6.0% $1,118 / Sq Ft
12/10/2021 12/10/21 For Sale $1,250,000 +180.9% $1,189 / Sq Ft
07/03/2019 07/03/19 Sold $445,000 -15.9% $399 / Sq Ft View Prior Sale
06/26/2019 06/26/19 Pending -- -- --
02/12/2019 02/12/19 For Sale $529,000 +46.5% $474 / Sq Ft
10/23/2013 10/23/13 Sold $361,000 -9.5% $559 / Sq Ft View Prior Sale
10/18/2013 10/18/13 Pending -- -- --
07/24/2013 07/24/13 For Sale $399,000 -- $618 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $3,604 $605,063 $288,519 $316,544
2024 $3,537 $420,756
2023 $3,537 $408,501 $0 $0
2022 $3,332 $376,056 $193,957 $182,099
2021 $3,093 $304,355 $144,664 $159,691
2020 $3,233 $321,835 $158,595 $163,240
2019 $3,082 $302,167 $156,409 $145,758
2018 $3,139 $302,813 $153,505 $149,308
2017 $3,204 $304,609 $0 $0
2016 $3,556 $324,070 $0 $0
2015 $3,420 $300,743 $0 $0
2014 $3,352 $282,247 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Marinelli Real Estate Agent - American Caribbean Real Estate

    Seller's Agent in 2022

    Michael Marinelli

    American Caribbean Real Estate

    (305) 439-7730

    1 in this area

    15 Total Sales

    Michael Marinelli
    Section Image

  • L

    Seller's Agent in 2022

    Leigh Roach

    Truman & Co. (KW)

  • Joel Young Real Estate Agent - American Caribbean Real Estate

    Seller Co-Listing Agent in 2022

    Joel Young

    American Caribbean Real Estate

    (305) 432-6610

    2 in this area

    36 Total Sales

    Joel Young
    Section Image

  • E

    Buyer's Agent in 2022

    Emily Lombard

    Buy The Keys (KW)

  • D

    Seller's Agent in 2019

    Deborah Batty

    Location 3 Real Estate of KW Inc (KW)

    (305) 509-1958

    1 in this area

    23 Total Sales

    Deborah Batty
    Section Image

  • L

    Buyer's Agent in 2019

    Leigh Ann Roach

    Preferred Properties (KW)

See All Agents

Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: A11221743

BeachesMLS (Greater Fort Lauderdale)

APN: 00033300-000101

Florida Monroe County Key West 33040 Old Town

1007 Watson St, Key West, FL

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.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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