UNDER CONTRACT
$225K PRICE DROP
1118 Watson St Key West, FL 33040
Old Town NeighborhoodEstimated payment $8,311/month
Total Views
7,143
3
Beds
2
Baths
1,378
Sq Ft
$998
Price per Sq Ft
About This Home
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.
Map
Home Details
Home Type
Single Family
Est. Annual Taxes
$8,259
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
- Contingent: Contingent/Show
- 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
- 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: UnderContract
- 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
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 | $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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Attorney |
Source: Public Records
Similar Homes in Key West, FL
Source: Key West Association of REALTORS®
MLS Number: 610424
APN: 00031820-000000
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