NOT LISTED FOR SALE

1118 Watson St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,297,024

3 Beds
2 Baths
1,378 Sq Ft
$941/Sq Ft Est. Value

Sale Details

Date Sold: May 22, 2025

Last sale price $1,250,000 $907 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $8,039 / mo

314 Days on Market

Highlights

  • 0.13 Acre Lot
  • No HOA
  • Some Wood Windows
  • Key West Architecture
  • Balcony
  • 3-minute walk to Higgs Beach Dog Park

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

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 Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,259

Year Built

  • Built in 1933

Lot Details

  • 5,678 Sq Ft Lot
  • Fenced
  • Property is zoned HMDR - Historic Medium Density Residential

Home Design

  • Key West Architecture
  • Fixer Upper
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,378 Sq Ft Home
  • Some Wood Windows
  • Jalousie or louvered window
  • Double Hung Windows
  • French Doors
  • Vinyl Flooring

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Carport
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Patio
  • Shed

Utilities

  • Cooling System Mounted To A Wall/Window
  • Separate Meters
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Old Town Unlisted Subdivision

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00031820-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,259

Year Built

Built in 1933

Lot Details

5,678 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
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
$1,297,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,024
Avg. Annual Appreciation
2.84%

Purchase Details

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Old Town, FL

  • The Wesley Group Real Estate Agent - Bascom Grooms Real Estate (KW)

    The Wesley Group

    Bascom Grooms Real Estate (KW)

    (844) 983-1896

    25 Total Sales

    4 in Old Town

    $343K - $951K Price Range

    The Wesley Group
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  • Darrin Smith Real Estate Agent - Key West Luxury Real Estate Inc (KW)

    Darrin Smith

    Key West Luxury Real Estate Inc (KW)

    (813) 850-0259

    58 Total Sales

    19 in Old Town

    $16K - $3M Price Range

    Darrin Smith
     Section Image
  • Michelle Howerton Real Estate Agent - Brenda Donnelly Real Estate LLC

    Michelle Howerton

    Brenda Donnelly Real Estate LLC

    (786) 705-6284

    28 Total Sales

    2 in Old Town

    $468K - $2.5M Price Range

    Michelle Howerton
     Section Image
  • Everett Smith Real Estate Agent - Ocean Sotheby's International Realty

    Everett Smith

    Ocean Sotheby's International Realty

    (786) 745-7491

    19 Total Sales

    6 in Old Town

    $120K - $2.9M Price Range

    Everett Smith
     Section Image
  • Shirley Carey Real Estate Agent - Berkshire Hathaway HomeServices Knight & Gardner Realty

    Shirley Carey

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (813) 214-5600

    7 Total Sales

    3 in Old Town

    $1.7M - $2.6M Price Range

    Shirley Carey
     Section Image
  • Cardenas & Krug Team Real Estate Agent - Coastal Collection Real Estate Inc.

    Cardenas & Krug Team

    Coastal Collection Real Estate Inc.

    (516) 253-2783

    33 Total Sales

    6 in Old Town

    $787K - $2.6M Price Range

    Cardenas & Krug Team
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,250,000 None Listed On Document
Allison Enna A -- Attorney
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 Real Estate Agent - Truman & Co. (KW)

    Seller's Agent in 2025

    Mitzi Krabill

    Truman & Co. (KW)

    (305) 304-2629

    9 in this area

    17 Total Sales

    Mitzi Krabill
    Section Image
  • Wendy Zintsmaster Real Estate Agent - Truman & Co. (KW)

    Buyer's Agent in 2025

    Wendy Zintsmaster

    Truman & Co. (KW)

    (305) 295-9317

    36 in this area

    76 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

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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