1113 Watson St Key West, FL 33040
Old Town NeighborhoodEstimated payment $8,351/month
Highlights
- Wood Flooring
- Screened Balcony
- Screened Patio
- No HOA
- Shutters
- 3-minute walk to Higgs Beach Dog Park
About This Home
Historic Old Town Key West Duplex | Income-Producing Island OpportunityDiscover the timeless charm of Old Town Key West in this truly unique and character-rich historic duplex, offering both lifestyle flexibility and excellent income potential. Filled with authentic island personality, this property is ideal for an owner-occupant, investor, or anyone seeking the classic Key West way of life.The downstairs residence features a spacious three-bedroom, two-bath layout highlighted by a large screened-in porch, perfect for morning coffee, cooling island breezes, and relaxed evenings. An outdoor yard provides a rare Old Town bonus, offering space for entertaining, pets, or simply enjoying the tropical surroundings.Upstairs, a separate two-bedroom, one-bath apartment offers privacy and charm, making it well suited for long-term rental, guest accommodations, or supplemental income. The flexible configuration allows you to live in one unit while renting the other, creating an ideal live-work-rent opportunity in a highly desirable location.Off-street parking for up to three vehicles is a true Old Town luxury, and a shared laundry area adds everyday convenience. Distinctive architectural details throughout reflect the historic character and quirky charm that define Old Town Key West.Whether you are seeking a smart income-producing investment, a multi-generational living arrangement, or a home that captures the spirit and history of the island, this duplex offers endless possibilities in one of Key West's most sought-after neighborhoods.Use as a single family home for a large family!Classic, unique, and income-ready, this is a rare opportunity to own a genuine piece of Old Town Key West.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,555
Year Built
- Built in 1938
Lot Details
- 4,000 Sq Ft Lot
- Fenced
Parking
- Off-Street Parking
Home Design
- Duplex
- Frame Construction
- Metal Roof
Interior Spaces
- 1,819 Sq Ft Home
- Ceiling Fan
- Shutters
- Blinds
Kitchen
- Oven
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Screened Balcony
- Screened Patio
- Outdoor Storage
Utilities
- Central Air
- Separate Meters
- Propane
- Public Hookup Available For Sewer
- Cable TV Available
Listing and Financial Details
- Homestead Exemption
- Other Tax Exemptions
- Assessor Parcel Number 00033552-000000
Community Details
Overview
- No Home Owners Association
- Gwynn Sub Subdivision
- Rental Restrictions
Pet Policy
- Pets Allowed
Map
Home Values in the Area
Average Home Value in this Area
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 | $8,965 | $1,093,618 | $665,640 | $427,978 |
| 2024 | $8,011 | $1,115,182 | $687,140 | $428,042 |
| 2023 | $8,011 | $906,071 | $506,540 | $399,531 |
| 2022 | $7,316 | $845,336 | $436,880 | $408,456 |
| 2021 | $6,752 | $673,340 | $348,300 | $325,040 |
| 2020 | $6,813 | $691,783 | $362,920 | $328,863 |
| 2019 | $6,464 | $673,746 | $359,480 | $314,266 |
| 2018 | $5,872 | $560,638 | $319,920 | $240,718 |
| 2017 | $5,965 | $560,807 | $0 | $0 |
| 2016 | $7,412 | $678,942 | $0 | $0 |
| 2015 | $7,226 | $640,286 | $0 | $0 |
| 2014 | $4,779 | $428,427 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/19/2026 01/19/26 | For Sale | $1,455,000 | +99.3% | $800 / Sq Ft | |
| 09/03/2014 09/03/14 | Sold | $730,000 | -16.0% | $401 / Sq Ft | View Prior Sale |
| 06/06/2014 06/06/14 | Pending | -- | -- | -- | |
| 11/08/2013 11/08/13 | For Sale | $869,000 | -- | $478 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $730,000 | Attorney | |
| Quit Claim Deed | $111,700 | Attorney | |
| Quit Claim Deed | -- | Chicgo Title Of The Fl Keys | |
| Warranty Deed | $640,000 | Chicago Title Of The Fl Keys | |
| Warranty Deed | $640,000 | Chicago Title Of The Fl Keys |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $320,000 | Commercial | |
| Previous Owner | $510,000 | Commercial |
Source: Marathon and Lower Keys Association of REALTORS®
MLS Number: 618191
APN: 00033552-000000
- 1022 Watson Ln
- 1114 Grinnell St
- 1115 Varela St
- 1211 Knowles Ln
- 1004 Watson St Unit 2
- 1014 Truman Ave Unit 202
- 1124 Catherine St Unit 202
- 1124 Catherine St Unit 201
- 1209 Packer St
- 1114 Packer St
- 1001 United St Unit B
- 1042 United St
- 1022 Packer St
- 1011 Truman Ave
- 1720 United St
- 1210 Virginia St
- 910 Watson St
- 909 United St
- 1311 Grinnell St
- 912 Pohalski St
- 927 Catherine St
- 1116 Truman Ave Unit 1
- 634 Louisa St
- 1209 Pearl St Unit upstairs
- 810 Pearl St Unit B
- 1505 White St Unit Efficiency
- 629 Elizabeth St Unit ID1297833P
- 717 Southard St
- 1315 Whitehead St Unit ID1297834P
- 536 Fleming St Unit FL2-ID1297611P
- 817 Terry Ln Unit ID1297837P
- 417 Southard St Unit A
- 1220 3rd St Unit UP
- 1330 3rd St
- 2026 Seidenberg Ave Unit ID1297830P
- 750 Fort St
- 120 Angela St Unit ID1384034P
- 14 Hilton Haven Rd
- 2214 Seidenberg Ave
- 2401 Patterson Ave Unit 101
