NOT LISTED FOR SALE

1112 Elgin Ln Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,358,000 - $1,571,000

2 Beds
2 Baths
1,260 Sq Ft
$1,170/Sq Ft Est. Value

Last Sold March 26, 2025

Last sale price $1,462,000 $1,160 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $8,428/month

50 Days on Market

About This Home

As of March 2025

Step back in time with this enchanting Key West cottage, built in 1899 and lovingly preserved through the years. This 2-bedroom, 2-bathroom home offers the perfect blend of historic charm and modern comfort. Both bedrooms are en-suite, with one conveniently located on the main level and the master suite spanning the entire second floor.The home's rich history is evident in the abundance of Dade County Pine, a hallmark of classic Key West architecture. Having only had five owners in its lifetime, this property has been carefully maintained and was honored with the prestigious Ceramic Star for restoration and preservation in 1996. It's also proudly listed on the National Register of Historic Places.The outdoor spaces are nothing short of magical. The lanai, overlooking a heated saltwater pool, is the centerpiece of relaxation and entertaining. Enjoy the soothing sounds of the pool's water feature, surrounded by backlit palm trees and lush orchids and bromeliads; all kept vibrant with a drip irrigation system. A covered grill area and hammock invite you to savor lazy afternoons or festive gatherings.For additional versatility, the carport doubles as a cozy spot for lounging or entertaining. Inside, modern conveniences abound, including a new full-sized washer and dryer. Offered fully furnished, this home is truly move-in ready.Located in a highly walkable neighborhood, you'll enjoy easy access to the best of Key West's shops, restaurants, and attractions. Don't miss the chance to own a piece of Key West history with this unique and charming cottage. Schedule your private showing today and discover the magic for yourself!

Last Agent to Sell the Property

Juan Benitez Benitez

Keller Williams Key West Compass Realty License #3376731 Listed on: 01/03/2025

Keller Williams Key West Compass Realty

Last Buyer's Agent

Bascom Grooms

Bascom Grooms Real Estate (KW) License #647099

Home Details

Home Type

Single Family

Year Built

1930

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 8336.05
  • Title: Negotiable
  • Vehicle Storage: Carport
  • Vehicle Storage Cars: 1
  • Year Built: 1930
  • Alternate Key Number: 1005100
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Ductless
  • Lot Sq Ft: 1959.00
  • Pool Info: In Ground, Salt Water
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Deck
  • License Info Number Of City License: 1
  • Shutters: Panel
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1260.00
  • Pre Wired: Cable
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Built-in Cabinets, Smoke Alarms, Sky Light(s), Dade County Pine, Fireplace(s), Cathedral Ceilings
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Gas Appliances, Disposal, Microwave, Oven, Refrigerator, Dishwasher, Dryer
  • Floor: Wood, Carpet
  • Specialty Rooms: Other
  • Windows/Doors: Single Hung Windows, Wood Windows, French Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Privacy Wall/Fence
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Propane, Cable Available, Elect Separate Meter, Municipal Sewer
  • Heating: Ductless

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00004920-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.04

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2025
Closed on
Mar 26, 2025
Sold by
Reeves Talmadge C and Reeves Richard L
Bought by
Lockyear Steven W and Lockyear Krista B
Seller's Agent
Juan Benitez Benitez
Keller Williams Key West Compass Realty
Buyer's Agent
Bascom Grooms
Bascom Grooms Real Estate (KW)
List Price
$1,595,000
Sold Price
$1,462,000
Premium/Discount to List
-$133,000
-8.34%
Views
19
Current Estimated Value
$1,474,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,682
Avg. Annual Appreciation
1.03%
Original Mortgage
$600,000
Outstanding Balance
$595,882
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$878,800

Purchase Details

Listed on
Oct 12, 2016
Closed on
Jun 8, 2018
Sold by
Cecil Lane
Bought by
Reeves Talmadge C and Reeves Richard L
Seller's Agent
Andrew Birrell
Century 21 Prestige Realty Group (KW)
Buyer's Agent
Andrew Birrell
Century 21 Prestige Realty Group (KW)
List Price
$969,000
Sold Price
$800,000
Premium/Discount to List
-$169,000
-17.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.26%
Original Mortgage
$640,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 12, 2016
Closed on
May 31, 2018
Sold by
Cecil Lane and Whitmore Bryan
Bought by
Reeves Talmadge C and Reeves Richard L
Seller's Agent
Andrew Birrell
Century 21 Prestige Realty Group (KW)
Buyer's Agent
Andrew Birrell
Century 21 Prestige Realty Group (KW)
List Price
$969,000
Sold Price
$800,000
Premium/Discount to List
-$169,000
-17.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 11, 2014
Closed on
Sep 24, 2014
Sold by
Davenport Frederick D
Bought by
Lane Cecil and Whitmoore Bryan
Seller's Agent
Sabrina Acevedo
Doug Mayberry Real Estate (KW)
Buyer's Agent
Steve Schwartz
Seaport Realtors (KW)
List Price
$895,000
Sold Price
$800,000
Premium/Discount to List
-$95,000
-10.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%
Original Mortgage
$640,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 11, 2014
Closed on
Sep 23, 2014
Sold by
Rooney Suzanne
Bought by
Lane Cecil and Whitmoore Bryan
Seller's Agent
Sabrina Acevedo
Doug Mayberry Real Estate (KW)
Buyer's Agent
Steve Schwartz
Seaport Realtors (KW)
List Price
$895,000
Sold Price
$800,000
Premium/Discount to List
-$95,000
-10.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 26, 2008
Sold by
Pauli Richard
Bought by
Rooney Suzanne

Purchase Details

Closed on
Dec 1, 1993
Sold by
Felton Charles and Felton Rosalie O
Bought by
Rooney Susan I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.85%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Lockyear Steven W $1,462,000 None Listed On Document
Lockyear Steven W $1,462,000 None Listed On Document
Reeves Talmadge C $800,000 None Listed On Document
Reeves Talmadge C $800,000 None Listed On Document
Lane Cecil -- Attorney
Lane Cecil $800,000 Attorney
Rooney Suzanne -- None Available
Rooney Susan I $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lockyear Steven W $600,000
Closed Lockyear Steven W $600,000
Previous Owner Reeves Talmadge C $640,000
Previous Owner Reeves Talmadge C $640,000
Previous Owner Lane Cecil $640,000
Previous Owner Rooney Susan I $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/26/2025 03/26/25 Sold $1,462,000 -8.3% $1,160 / Sq Ft
01/03/2025 01/03/25 For Sale $1,595,000 +99.4% $1,266 / Sq Ft
06/04/2018 06/04/18 Sold $800,000 -17.4% $635 / Sq Ft View Prior Sale
05/25/2018 05/25/18 Pending -- -- --
10/12/2016 10/12/16 For Sale $969,000 +21.1% $769 / Sq Ft
09/23/2014 09/23/14 Sold $800,000 -10.6% $588 / Sq Ft View Prior Sale
09/22/2014 09/22/14 Pending -- -- --
04/11/2014 04/11/14 For Sale $895,000 -- $658 / Sq Ft
Source: Key West Association of REALTORS®

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 $9,150 $1,139,140 $777,380 $361,760
2024 $8,336 $1,235,795 $879,199 $356,596
2023 $8,336 $1,077,760 $736,976 $340,784
2022 $7,263 $890,531 $546,267 $344,264
2021 $6,715 $717,941 $408,892 $309,049
2020 $6,524 $698,670 $385,727 $312,943
2019 $6,298 $667,005 $350,171 $316,834
2018 $5,989 $619,200 $350,818 $268,382
2017 $6,119 $622,387 $0 $0
2016 $7,379 $717,458 $0 $0
2015 $7,014 $661,147 $0 $0
2014 $4,068 $392,440 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Juan Benitez Benitez

    Seller's Agent in 2025

    Juan Benitez Benitez

    Keller Williams Key West Compass Realty

    (305) 587-9230

    18 in this area

    47 Total Sales

    Juan Benitez Benitez
    Section Image
  • Bascom Grooms

    Buyer's Agent in 2025

    Bascom Grooms

    Bascom Grooms Real Estate (KW)

    (305) 304-7444

    67 in this area

    292 Total Sales

    Bascom Grooms
    Section Image

  • A

    Seller's Agent in 2018

    Andrew Birrell

    Century 21 Prestige Realty Group (KW)

  • Andy Birrell

    Buyer's Agent in 2018

    Andy Birrell

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (305) 923-5753

    18 in this area

    54 Total Sales

    Andy Birrell
    Section Image

  • S

    Seller's Agent in 2014

    Sabrina Acevedo

    Doug Mayberry Real Estate (KW)

  • S

    Buyer's Agent in 2014

    Steve Schwartz

    Seaport Realtors (KW)

    Section Image
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Map

Source: Key West Association of REALTORS®

MLS Number: 612948

Key West Association of REALTORS®

APN: 00004920-000000

Florida Monroe County Key West 33040 Old Town

1112 Elgin Ln, Key West, FL

Not Listed for Sale

Detached

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