NOT LISTED FOR SALE

1208 Varela St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $880,000 - $1,246,000

1 Bed
2 Baths
1,111 Sq Ft
$942/Sq Ft Est. Value

Last Sold April 08, 2025

Last sale price $910,000 $819 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $6,064/month

284 Days on Market

About This Home

As of April 2025

This well maintained one bedroom plus loft home is located in the popular and conveniently located Varela St. compound in Old Town. The compound consists of 6 houses which share a common pool. This home with a private entrance has cathedral ceilings in the living and dining room with French doors that exit to the fenced deck area at the rear of the property. The 20x20 second floor loft is suitable as a second bedroom or office space and overlooks the spacious living area. The galley kitchen also opens to the living and dining area. There is a full second guest bathroom and a recently remodeled private bath for the expansive bedroom. This well cared for home would make a very comfortable primary residence or easy care second home .

Last Agent to Sell the Property

Mitzi Krabill

Truman & Co. (KW) License #402460 Listed on: 06/14/2024

Last Buyer's Agent

Francesca Santiago

Keller Williams Realty Professionals (KW) License #3390235

Keller Williams Realty Professionals (KW)

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,269

Year Built

1942

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Association Fee: 300.00
  • Mandatory HOA: Yes
  • Document Count: 2
  • Fee Includes: Common Area Mnt, Other
  • Handicap Access: 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: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 3269.04
  • Title: Negotiable
  • Year Built: 1942
  • Alternate Key Number: 8634421
  • Building Style: Conch
  • Cooling Heating: Central Air, Wall/Window Unit(s)
  • Lot Sq Ft: 1887.00
  • Pool Info: In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Deck
  • Association Maintenance Fee Per: Monthly
  • Shutters: Panel
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1111.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Cathedral Ceilings, Built-in Cabinets, Walk-in Closet(s), Sky Light(s)
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Wood
  • Specialty Rooms: Other
  • Windows/Doors: Double Hung Windows, Wood Windows, French Doors
  • Total Bedrooms: 1

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Security: No Security
  • Utilities: FKAA, Water Separate Meter, Elect Separate Meter, Municipal Sewer
  • Heating: Central

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00033190-000300
  • Lot Size: 25.5x 74
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.04

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2024
Closed on
Apr 8, 2025
Sold by
Ginsberg Robert J and Ginsberg Michael H
Bought by
Rulli Michael Dante
Seller's Agent
Mitzi Krabill
Truman & Co. (KW)
Buyer's Agent
Francesca Santiago
Keller Williams Realty Professionals (KW)
List Price
$1,100,000
Sold Price
$910,000
Premium/Discount to List
-$190,000
-17.27%
Views
59
Current Estimated Value
$1,046,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,754
Avg. Annual Appreciation
79.20%

Purchase Details

Closed on
Jul 31, 2003
Sold by
Clark Douglas R and Bedell George R
Bought by
Ginsberg Elaine K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 24, 2000
Sold by
Whitt Thelbert A
Bought by
Clark Douglas R and Bedell George R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,350
Interest Rate
8.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 1993
Sold by
Cooper Frank H
Bought by
Whitt Thelbert A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.09%

Purchase Details

Closed on
Oct 1, 1992
Bought by
Ginsberg Elaine K

Purchase Details

Closed on
May 1, 1985
Bought by
Ginsberg Elaine K

Purchase Details

Closed on
Dec 1, 1982
Bought by
Ginsberg Elaine K
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Rulli Michael Dante $910,000 None Listed On Document
Ginsberg Elaine K $452,300 Chicago Title Of The Fl Keys
Clark Douglas R $315,000 --
Whitt Thelbert A $160,000 --
Ginsberg Elaine K $162,500 --
Ginsberg Elaine K $120,000 --
Ginsberg Elaine K $103,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ginsberg Elaine K $360,000
Previous Owner Whitt Thelbert A $259,000
Previous Owner Whitt Thelbert A $60,000
Previous Owner Whitt Thelbert A $252,350
Previous Owner Whitt Thelbert A $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2025 04/08/25 Sold $910,000 -8.5% $819 / Sq Ft
03/25/2025 03/25/25 Pending -- -- --
01/28/2025 01/28/25 Price Changed $995,000 -5.2% $896 / Sq Ft
12/13/2024 12/13/24 Price Changed $1,050,000 -4.5% $945 / Sq Ft
06/14/2024 06/14/24 For Sale $1,100,000 -- $990 / 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
2024 $3,269 $387,774 -- --
2023 $3,269 $376,480 $0 $0
2022 $3,125 $365,515 $0 $0
2021 $3,180 $354,869 $0 $0
2020 $3,125 $349,970 $0 $0
2019 $3,077 $342,102 $0 $0
2018 $3,069 $335,724 $0 $0
2017 $3,052 $328,819 $0 $0
2016 $3,141 $322,327 $0 $0
2015 $3,168 $316,626 $0 $0
2014 $3,254 $314,113 $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

    11 in this area

    23 Total Sales

    Mitzi Krabill
    Section Image
  • Francesca Santiago

    Buyer's Agent in 2025

    Francesca Santiago

    Keller Williams Realty Professionals (KW)

    (305) 587-1516

    3 in this area

    38 Total Sales

    Francesca Santiago
    Section Image

  • F

    Buyer's Agent in 2025

    Francesca Santiago Chavez

    Keller Williams Key West Compass Realty

See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 610430

Key West Association of REALTORS®

APN: 00033190-000300

Florida Monroe County Key West 33040 Old Town

1208 Varela St, Key West, FL

This home is located at 1208 Varela St, Key West, FL 33040 since 14 June 2024 and is currently estimated at $1,046,754, approximately $942 per square foot. This property was built in 1942. 1208 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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