$1,425,000
OPEN SUN 11AM - 1PM

1111 Watson St Unit B Key West, FL 33040

Old Town Neighborhood

Estimated payment $7,959/month

Total Views 2
2 Beds
1 Bath
1,250 Sq Ft
$1,140 Price per Sq Ft

About This Home

🌴 Secret Garden Cottage in the Heart of Old Town 🌴Tucked inside a quiet, gated enclave on Watson Street, this charming 2-bedroom, 1-bath cottage offers a rare blend of serenity and walkable Key West living. Grocery stores, favorite restaurants, Bayview Park, Higgs Beach, the Historic Seaport, and Duval Street are all nearby--most days you can bike or walk everywhere and barely use your car.Enter through the gate and follow a palm-lined brick path to a shared secret garden oasis, surrounded by lush landscaping, orchids, colorful blooms, and tranquil water features. By night, the softly lit pathways transform the property into a peaceful, magical retreat.Inside, the home feels like a warm embrace--cozy yet spacious, intimate yet open. Vaulted open-beam ceilings and natural light enhance the inviting living space, while the updated kitchen features quartz countertops, stainless steel appliances, custom cabinetry, and a sunny nook overlooking the pool and gardens. The bathroom retains its classic charm, adding to the cottage's authentic island character.Enjoy easy living with a private patio, keyless touchpad entry, a quiet setting and a sense of community that often turns neighbors into friends. The shared heated pool and spa invite impromptu happy hours--or quiet relaxation. Join in or keep to yourself. This is Key West living at its most effortless.A hidden gem that is truly unexpected, in a secluded tropical oasis. Your secret escape. Come see it for yourself.

Listing Agent

Juan Benitez Benitez

Keller Williams Key West Compass Realty License #3376731 Listed on: 02/06/2026

Keller Williams Key West Compass Realty

Open House Schedule

Home Details

Home Type

  • Single Family

Year Built

  • 1978

Interior Spaces

  • Vaulted Ceiling

Home Details

Home Type

Single Family

Year Built

1978

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 333.33
  • Mandatory HOA: Yes
  • Fee Includes: Common Area Mnt
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Median
  • State Province: FL
  • Taxes: 7271.04
  • Title: Negotiable
  • Year Built: 1978
  • Alternate Key Number: 8639651
  • Building Style: Cigar Maker
  • Cooling Heating: Ceiling Fans(s), Ductless
  • Lot Sq Ft: 1855.00
  • Pool Info: In Ground, Decked
  • Pool Info Heated: Yes
  • Porch Balcony: Deck, Patio
  • Association Maintenance Fee Per: Monthly
  • Shutters: Other
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 1250.00
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: OpenHouse
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Quartz Countertops, Smoke Alarms, Sky Light(s), Dade County Pine, Built-in Cabinets, Cathedral Ceilings
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Laminate
  • Windows/Doors: Sliding Glass Doors, Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Hot Tub
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00033540-000200
  • Lot Size: X
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.04

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2025

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

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
2025 $6,623 $942,153 $718,998 $223,155
2024 $5,612 $875,710 $658,451 $217,259
2023 $5,612 $615,390 $411,721 $203,669
2022 $5,543 $617,487 $411,721 $205,766
2021 $4,242 $435,621 $311,818 $123,803
2020 $4,242 $437,455 $310,304 $127,151
2019 $4,238 $433,342 $299,709 $133,633
2018 $4,456 $449,010 $310,304 $138,706
2017 $5,353 $558,135 $0 $0
2016 $5,320 $551,947 $0 $0
2015 -- $523,561 $0 $0
2014 -- $428,752 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/06/2026 02/06/26 For Sale $1,425,000 +58.3% $1,140 / Sq Ft
04/27/2022 04/27/22 Sold $900,000 -5.2% $829 / Sq Ft View Prior Sale
03/21/2022 03/21/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $949,000 +82.5% $874 / Sq Ft
03/15/2017 03/15/17 Sold $520,000 -12.6% $480 / Sq Ft View Prior Sale
03/06/2017 03/06/17 Pending -- -- --
04/04/2016 04/04/16 For Sale $595,000 -- $549 / Sq Ft
Source: Key West Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $900,000 Richard M Klitenick Pa
Warranty Deed -- Buhl Little Lynwood & Harris P
Warranty Deed $100 None Listed On Document
Warranty Deed $520,000 First Internaional Title Inc
Warranty Deed $128,000 --
Warranty Deed -- --
Warranty Deed $22,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $720,000 New Conventional
Previous Owner $531,180 VA
Source: Public Records

Source: Key West Association of REALTORS®

MLS Number: 618516

Key West Association of REALTORS®

APN: 00033540-000200