NOT LISTED FOR SALE

1014 Varela St Unit 3 Key West, FL 33040

Old Town Neighborhood

Estimated Value: $333,900

1 Bed
1 Bath
308 Sq Ft
7,492 Sq Ft Lot

Sale Details

Date Sold: August 7, 2025

Last sale price $330,000 $1,071 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,667 / mo

95 Days on Market

Highlights

  • Stainless Steel Appliances
  • Patio
  • 2-minute walk to Higgs Beach Dog Park

About This Home

As of August 2025

Discover a unique opportunity to own a cozy 1-bedroom, 1-bath condominium ideally situated near vibrant downtown Key West, offering the perfect canvas for those with a vision to rejuvenate. While the property may need some TLC, its prime location allows for easy access to local shops, restaurants, and stunning beaches, making it an appealing option for both personal retreats and investment potential. With a spacious layout, an inviting outdoor area for enjoying the Florida sunshine, and a strong sense of community in the neighborhood, this condo is a hidden gem waiting to be transformed into your dream home or a lucrative rental. Don't miss your chance to unlock the full potential of this charming Key West property!

Last Agent to Sell the Property

Letisia Powell

Robert Slack LLC License #698624 Listed on: 04/04/2025

Robert Slack LLC

Last Buyer's Agent

Letisia Powell

Century 21 Schwartz Realty (KW)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,029

Year Built

  • Built in 1908

Lot Details

  • 7,492

HOA Fees

  • $538 Monthly HOA Fees

Home Design

  • 308 Sq Ft Home
  • Fixer Upper
  • Frame Construction

Kitchen

  • Oven
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Ductless Heating Or Cooling System
  • Public Hookup Available For Sewer

Additional Features

  • Patio
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 00032600-000106

Community Details

Overview

  • Association fees include sewer, common area mnt, building insurance
  • Viva Varela Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed with Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,029

Year Built

Built in 1908

Lot Details

7,492 Sq Ft Lot

HOA Fees

$538 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Approval Required: Yes
  • Association Fee: 538.05
  • Mandatory HOA: Yes
  • Fee Includes: Sewer, Common Area Mnt, Building Insurance
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets W Restrictions: 1 Pet Max 50 lbs
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 4029.38
  • Title: Negotiable
  • Year Built: 1908
  • Alternate Key Number: 8927207
  • Building Style: Ground Level
  • Cooling Heating: Ductless
  • Porch Balcony: Patio
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 308.00
  • Property Condition: Fixer Upper
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Washer, Stainless Steel Appliance(s), Oven, Refrigerator, Dryer
  • Total Bedrooms: 1

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Buyer to Verify

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00032600-000106
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2024

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

Listed on
Apr 4, 2025
Closed on
Aug 7, 2025
Sold by
Bought by
Seller's Agent
Letisia Powell
Robert Slack LLC
Buyer's Agent
Letisia Powell
Century 21 Schwartz Realty (KW)
List Price
$399,000
Sold Price
$330,000
Premium/Discount to List
-$69,000
-17.29%
Views
226
Current Estimated Value
$333,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,900
Avg. Annual Appreciation
1.29%
Original Mortgage
$280,500
Interest Rate
0.0667%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 1999
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$330,000 None Listed On Document
$97,000 --
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 $280,500
Previous Owner $87,300
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
08/07/2025 08/07/25 Sold $330,000 -17.3% $1,071 / Sq Ft
07/08/2025 07/08/25 Pending -- -- --
04/04/2025 04/04/25 For Sale $399,000 -- $1,295 / Sq Ft
Source: Key West Association of REALTORS®

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 $4,029 $386,310 -- $386,310
2024 $3,481 $431,155 -- $431,155
2023 $3,481 $360,438 $0 $360,438
2022 $1,109 $121,253 $0 $0
2021 $1,103 $117,722 $0 $117,722
2020 $1,083 $116,097 $0 $116,097
2019 $1,062 $113,487 $0 $113,487
2018 $1,047 $111,371 $0 $0
2017 $1,036 $109,081 $0 $0
2016 $1,047 $106,838 $0 $0
2015 $1,069 $106,095 $0 $0
2014 $1,083 $105,253 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 614494

Key West Association of REALTORS®

APN: 00032600-000106

Your Personal Tour Guide

Ask me questions while you tour the home.