$1,250,000
SOLD MAY 22, 2025

1118 Watson St Key West, FL 33040

Old Town Neighborhood
3 Beds
2 Baths
1,378 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$907 Per Sq Ft

22% Below List Price

314 Days on Market

About This Home

As of May 2025

Welcome to this turn of the century conch house. This home has been in the same family since 1913 and is now available for a new owner who can appreciate its classic architectural style and expansive yard. The wrap around porch provides a wonderful place to relax in the shade and enjoy the Old Town neighborhood. There is a large living room, separate dining room and 3 bedrooms and 2 baths. The home has high ceilings and there is an attached carport for off street parking. This home is a rare find for a buyer looking to preserve the charm of our building heritage with such a sizeable yard.

Last Agent to Sell the Property

Mitzi Krabill

Truman & Co. (KW) License #402460 Listed on: 06/12/2024

Last Buyer's Agent

Wendy Zintsmaster

Truman & Co. (KW) License #681792

Home Details

Home Type

Single Family

Year Built

1933

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-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
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 8258.62
  • Title: Negotiable
  • Vehicle Storage: Carport, Covered Parking, Off Street Parking
  • Year Built: 1933
  • Alternate Key Number: 1032603
  • Building Style: Conch
  • Cooling Heating: Wall/Window Unit(s)
  • Lot Sq Ft: 5678.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1378.00
  • Property Condition: Fixer Upper
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Dade County Pine
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Vinyl
  • Windows/Doors: Jalousie Windows, Wood Windows, French Doors, Double Hung Windows
  • Total Bedrooms: 3
  • Accessibility Features: None

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, Water Separate Meter, Municipal Sewer
  • Heating: None

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00031820-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.13

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2024
Closed on
May 22, 2025
Sold by
Chertok Eve Allison and Allison August Dawn
Bought by
Kw Sunshine Homes Llc
Seller's Agent
Mitzi Krabill
Truman & Co. (KW)
Buyer's Agent
Wendy Zintsmaster
Truman & Co. (KW)
List Price
$1,600,000
Sold Price
$1,250,000
Premium/Discount to List
-$350,000
-21.88%
Views
51
Current Estimated Value
$1,282,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,636
Avg. Annual Appreciation
4.54%

Purchase Details

Closed on
May 30, 2017
Sold by
Allison Edna A
Bought by
Allison Enna A and Allison December Eve
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $1,250,000 None Listed On Document
Interfamily Deed Transfer -- Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2025 05/22/25 Sold $1,250,000 -9.1% $907 / Sq Ft
04/22/2025 04/22/25 Pending -- -- --
04/21/2025 04/21/25 Price Changed $1,375,000 -6.8% $998 / Sq Ft
02/17/2025 02/17/25 Price Changed $1,475,000 -7.8% $1,070 / Sq Ft
06/12/2024 06/12/24 For Sale $1,600,000 -- $1,161 / Sq Ft
Source: Key West Association of REALTORS®

Tax History Compared to Growth

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 $10,178 $1,157,116 $975,594 $181,522
2024 $8,259 $1,177,761 $975,594 $202,167
2023 $8,259 $1,042,149 $848,605 $193,544
2022 $7,412 $933,087 $729,680 $203,407
2021 $6,749 $721,829 $544,236 $177,593
2020 $6,982 $751,138 $596,644 $154,494
2019 $6,877 $732,744 $584,550 $148,194
2018 $6,889 $725,689 $577,495 $148,194
2017 $6,641 $729,889 $0 $0
2016 $6,678 $742,522 $0 $0
2015 $6,203 $656,927 $0 $0
2014 $5,495 $488,406 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mitzi Krabill

    Seller's Agent in 2025

    Mitzi Krabill

    Truman & Co. (KW)

    (305) 304-2629

    9 in this area

    19 Total Sales

    Mitzi Krabill
    Section Image
  • Wendy Zintsmaster

    Buyer's Agent in 2025

    Wendy Zintsmaster

    Truman & Co. (KW)

    (305) 295-9317

    48 in this area

    104 Total Sales

    Wendy Zintsmaster
    Section Image
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Map

Source: Key West Association of REALTORS®

MLS Number: 610424

Key West Association of REALTORS®

APN: 00031820-000000

Florida Monroe County Key West 33040 Old Town

1118 Watson St, Key West, FL

Sold

Detached

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