1115 Varela St Key West, FL 33040
Old Town NeighborhoodEstimated payment $4,545/month
Total Views
4,493
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
Keller Williams Key West Compass Realty License #3045349 Listed on: 09/22/2025
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
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
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 |
|---|---|---|---|---|
| 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 | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/22/2025 09/22/25 | For Sale | $850,000 | -- | $658 / 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
About the Listing Agent
Terry's Other Listings
Source: Key West Association of REALTORS®
MLS Number: 616582
APN: 00032880-000000
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