$850,000

1115 Varela St Key West, FL 33040

Old Town Neighborhood

Estimated payment $4,576/month

3 Beds
2 Baths
1,292 Sq Ft
$658 Price per Sq Ft

About This Home

**Just reduced $129,000 from the original listed price. ** Nestled on a charming street in the heart of Old Town Key West, 1115 Varela Street is the renovation project that you have been waiting for. This historic treasure would be a perfect project for an investor, developer or anyone looking to restore a historic Key West gem. Currently configured as a 3BD/2BA with a large outside deck and an ideal positioned detached unfinished utility shed. The lot dimensions are 21 x 111. This will allow you the ability to build a pool and create an outdoor tropical oasis. Centrally located and in an X-flood zone make this property highly desirable. Schedule your private tour today! Priced to sell!

Listing Agent

Terry Garcia

Keller Williams Key West Compass Realty License #3045349 Listed on: 09/22/2025

Keller Williams Key West Compass Realty

Map

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,049

Year Built

1948

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
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • 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: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Median
  • State Province: FL
  • Taxes: 1088.32
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Year Built: 1948
  • Alternate Key Number: 1033642
  • Building Style: A-Frame
  • Cooling Heating: Wall/Window Unit(s), Ceiling Fans(s)
  • Lot Sq Ft: 2324.00
  • Porch Balcony: Open Porch/Balcony
  • Shutters: Clam Shell
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1292.00
  • Financial Status Standard Sale: Yes
  • Property Condition: Fixer Upper
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Pantry, Storage
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Range
  • Floor: Vinyl
  • Windows/Doors: Jalousie Windows, Awning Windows, Sliding Glass Doors
  • Total Bedrooms: 3
  • Accessibility Features: Parking

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing, Shed
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Security: No Security
  • Utilities: FKAA, Elect Separate Meter, Cable Available, Municipal Sewer
  • Heating: None

Lot Info

  • Deed Restrictions: No
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00032880-000000
  • Lot Size: 21 X 111
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.05

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2024

Multi Family

  • Total Units: 1.00

Range of Values:

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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
2024 $1,049 $157,610 -- --
2023 $1,049 $153,020 $0 $0
2022 $1,033 $148,564 $0 $0
2021 $1,029 $144,237 $0 $0
2020 $1,010 $142,246 $0 $0
2019 $983 $139,048 $0 $0
2018 $962 $136,456 $0 $0
2017 $943 $133,650 $0 $0
2016 $949 $130,902 $0 $0
2015 $961 $129,992 $0 $0
2014 $966 $128,960 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 Price Changed $929,000 -5.1% $719 / Sq Ft
03/15/2025 03/15/25 For Sale $979,000 -- $758 / Sq Ft
Source: Key West Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: Key West Association of REALTORS®

MLS Number: 616582

Key West Association of REALTORS®

APN: 00032880-000000

Florida Monroe County Key West 33040 Old Town

1115 Varela St, Key West, FL

This home is located at 1115 Varela St, Key West, FL 33040 and is currently priced at $850,000, approximately $657 per square foot. This property was built in 1948. 1115 Varela St is a home located in Monroe County with nearby schools including Horace O'Bryant School, Key West High School, and May Sands Montessori School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Key West Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Listing Agent
Terry Garcia
Section Image
Keller Williams Key West Compass Realty
(305) 923-5124