$1,220,000
SOLD SEP 30, 2025
2 Beds
3 Baths
1,216 Sq Ft
871 Sq Ft Lot

Recently Sold

$1,003 Per Sq Ft

13% Below List Price

39 Days on Market

About This Home

As of September 2025

Located in the prestigious Truman Annex community, this town home in The Foundry is the perfect getaway offering the perfect blend of luxury, comfort, and convenience. This beautifully designed 2-bedroom, 2.5-bathroom home enjoys a highly desirable location with easy access to Key West's vibrant Old Town, while maintaining privacy and security within a gated community.As you step inside the spacious open-concept living area you will find 11 foot high ceilings, impact rated windows and glass doors that bathe the interior with natural light, and updated finishes throughout. The kitchen has been recently updated with all stainless steel appliances. Moving up stairs, the master bedroom is a private sanctuary featuring an ensuite bathroom. A private balcony off the master suite offers a peaceful retreat to enjoy the island breeze. The guest bedroom is up one more floor and is equally inviting with its own ensuite bathroom ensuring privacy and comfort for visitors. Stand out features of this town home include its street facing orientation, not something all homes in The Foundry have. The town home also has its own carport with additional storage above- a highly convenient feature few have and holds a value in excess of $75,000. Finally, The Foundry has its own pool, reserved for use by only Foundry owners and their guests.With a strong rental history and a Truman Annex Special Transient License, this home is an excellent investment opportunity. The license allows for short-term rentals with restrictions, providing flexibility and a steady stream of income when the property is not in use.Whether you're seeking a full-time residence, a seasonal escape, or a profitable rental investment, this townhome provides the ultimate opportunity to experience the best of Key West living.

Last Agent to Sell the Property

Cardenas & Krug Team

Ocean Sotheby's International Realty License #00000 Listed on: 11/21/2024

Ocean Sotheby's International Realty

Co-Listed By

Bobby Krug

Ocean Sotheby's International Realty License #3582757

Last Buyer's Agent

Vic Musmanno

Coldwell Banker Schmitt Real Estate Co. (KW) License #673105

Coldwell Banker Schmitt Real Estate Co. (KW)

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$8,758

Year Built

1994

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Townhouse
  • First Right of Refusal: Yes
  • Association Fee: 4012.00
  • Mandatory HOA: Yes
  • Fee Includes: Cable, Security, Common Area Mnt, Building Insurance
  • Key Island: Key West
  • K W Neighborhood: Truman Annex
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool, Fire Hydrant
  • Off Shore Island: No
  • Pets W Restrictions: Owners only
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 8758.19
  • Vehicle Storage: Carport, Covered Parking, Off Street Parking, Guest Parking, Assigned Parking
  • Year Built: 1994
  • Alternate Key Number: 8861885
  • Building Style: Townhouse
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 841.00
  • Pool Info: In Ground, Concrete
  • Porch Balcony: Open Porch/Balcony, Deck
  • Association Maintenance Fee Per: Quarterly
  • License Info Number Of City License: 1
  • License Info Number Of County License: 1
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 1216.00
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Built-in Cabinets, Storage, Smoke Alarms, Pantry
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Ice Machine, Freezer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Carpet
  • Half Bathrooms: 1
  • Windows/Doors: Glass Doors, Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS, Other, Frame, Concrete
  • Exterior Features: Fencing, Storage
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Security: Manned Gate
  • Utilities: FKAA, Water Separate Meter, Cable Available, Elect Separate Meter, Municipal Sewer

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: AE
  • Parcel Number: 00004590-002215
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.02

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2016
Closed on
Jul 26, 2016
Sold by
Bull William G and Bull Linda D
Bought by
101 15 Front Street Llc
Seller's Agent
Michele Grahl
Compass Realty (KW)
Buyer's Agent
Stephen Andres
Compass Realty (KW)
List Price
$975,000
Sold Price
$920,000
Premium/Discount to List
-$55,000
-5.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.26%

Purchase Details

Closed on
Jan 25, 2012
Sold by
Porter Stephen Goodwin and Porter Frances Glenn
Bought by
Bull William G and Bull Linda D

Purchase Details

Closed on
Oct 31, 2003
Sold by
Coleman Jerry P
Bought by
Porter Stephen Goodwin and Porter Frances Glenn

Purchase Details

Closed on
Jul 10, 2001
Sold by
Bruce E Moore I
Bought by
Coleman Jerry P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
7.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2001
Bought by
101-15 Front Street Llc

Purchase Details

Closed on
Dec 1, 1994
Bought by
101-15 Front Street Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $920,000 None Available
Warranty Deed $635,000 None Available
Warranty Deed $616,600 --
Quit Claim Deed $82,700 --
Quit Claim Deed $82,700 --
Warranty Deed $199,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $356,250 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2025 09/30/25 Sold $1,220,000 -4.7% $1,003 / Sq Ft
07/08/2025 07/08/25 Price Changed $1,280,000 -0.4% $1,053 / Sq Ft
07/01/2025 07/01/25 Price Changed $1,285,000 -0.4% $1,057 / Sq Ft
06/24/2025 06/24/25 Price Changed $1,290,000 -0.4% $1,061 / Sq Ft
06/13/2025 06/13/25 Price Changed $1,295,000 -2.3% $1,065 / Sq Ft
04/21/2025 04/21/25 Price Changed $1,325,000 -3.6% $1,090 / Sq Ft
03/18/2025 03/18/25 Price Changed $1,375,000 -0.7% $1,131 / Sq Ft
03/03/2025 03/03/25 Price Changed $1,385,000 -0.7% $1,139 / Sq Ft
01/05/2025 01/05/25 For Sale $1,395,000 0.0% $1,147 / Sq Ft
12/30/2024 12/30/24 Pending -- -- --
11/21/2024 11/21/24 For Sale $1,395,000 +51.6% $1,147 / Sq Ft
07/26/2016 07/26/16 Sold $920,000 -5.6% $757 / Sq Ft View Prior Sale
07/26/2016 07/26/16 Pending -- -- --
03/30/2016 03/30/16 For Sale $975,000 -- $802 / Sq Ft
Source: Key West Association of REALTORS®

Tax History Compared to Growth

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 $8,758 $1,117,896 $661,500 $456,396
2023 $8,758 $1,102,357 $661,500 $440,857
2022 $7,651 $917,477 $546,000 $371,477
2021 $7,179 $770,998 $511,894 $259,104
2020 $7,601 $821,981 $556,983 $264,998
2019 $7,716 $827,874 $556,983 $270,891
2018 $7,566 $794,195 $537,975 $256,220
2017 $7,545 $777,848 $0 $0
2016 $7,223 $740,721 $0 $0
2015 $6,581 $617,732 $0 $0
2014 $6,747 $608,934 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Key West Association of REALTORS®

MLS Number: 612397

Key West Association of REALTORS®

APN: 00004590-002215