$1,150,000
SOLD AUG 31, 2022 RENTED JUN 26, 2025

1212 Varela St Key West, FL 33040

Old Town Neighborhood
2 Beds
2 Baths
1,302 Sq Ft
3,202 Sq Ft Lot

Recently Sold

$883 Per Sq Ft

19% Below List Price

109 Days on Market

Highlights

  • Heated In Ground Pool
  • Wood Flooring
  • Screened Balcony
  • Key West Architecture
  • Furnished
  • 3-minute walk to Higgs Beach Dog Park

About This Home

As of August 2022

Perfect location in Old Town Key West. This two bedroom, two bath home has been lovingly maintained and updated. The home features privacy fence, front bricked courtyard, and spacious Ipe wood deck for relaxing or dining and a charming side screened in porch opening to the pool area. Home is offered furnished and makes a perfect vacation rental or primary residence. The home has central AC, hardwood floors, vaulted ceilings, stained glass windows, and built-ins. Each bedroom has a bath en suite and private deck access. Upper loft area is a ideal for home office or guest space. Private detached home! Low association fee covers shared pool expenses. Owner is a lic. real estate agent. X FLOOD ZONE!

Last Agent to Sell the Property

Bascom Grooms

Bascom Grooms Real Estate (KW) License #647099 Listed on: 04/04/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,230

Year Built

  • Built in 1942

Lot Details

  • 3,202 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Property is zoned HMDR - Historic Medium Density Residential

HOA Fees

  • $250 Monthly HOA Fees

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,302 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Blinds
  • French Doors
  • Complete Roll Down Shutters

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Built-In or Custom Kitchen Cabinets

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Heated In Ground Pool
  • Screened Balcony
  • Patio
  • Outdoor Storage

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Public Hookup Available For Sewer

Community Details

  • Association fees include common area mnt
  • Gwynn Sub Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00033190-000500

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,230

Year Built

Built in 1942

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 250.00
  • Mandatory HOA: Yes
  • Document Count: 1
  • Fee Includes: Common Area Mnt
  • 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
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: VA
  • Side: Ocean
  • State Province: FL
  • Taxes: 6230.32
  • Title: Negotiable
  • Year Built: 1942
  • Alternate Key Number: 8634447
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s), Heat, Central Air
  • Lot Sq Ft: 3202.00
  • Pool Info: In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Screened P/B, Patio
  • Association Maintenance Fee Per: Monthly
  • Shutters: Roll Down Manual
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1302.00
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Walk-in Closet(s), Drapes/Blinds Incl
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Range, Refrigerator, Microwave, Oven, Dryer
  • Floor: Tile, Wood
  • Windows/Doors: French Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing, Storage, Privacy Wall/Fence
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X FLOOD ZONE
  • Parcel Number: 00033190-000500
  • Lot Size: Irregular
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.07

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished, Negotiable

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2022
Closed on
Aug 31, 2022
Sold by
Southernmost Holdings Fortress Managemen
Bought by
Murray Travis and Belchak Stevie Nicole
Seller's Agent
Bascom Grooms
Bascom Grooms Real Estate (KW)
List Price
$1,425,000
Sold Price
$1,150,000
Premium/Discount to List
-$275,000
-19.3%
Views
19
Current Estimated Value
$1,333,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,864
Avg. Annual Appreciation
4.92%
Original Mortgage
$1,176,450
Outstanding Balance
$1,128,023
Interest Rate
5.54%
Mortgage Type
VA
Estimated Equity
$202,176

Purchase Details

Closed on
Jul 1, 2004
Sold by
Mcmahan James Robert and Mcmahan Franky Dunlap
Bought by
Southernmost Holdings Fortress Managemen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 4, 2002
Sold by
Agovino Betty J
Bought by
Everingham Robert and Everingham Constance A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.21%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 26, 2000
Sold by
Mcmahan James R
Bought by
Mcmahan Frank D

Purchase Details

Closed on
Sep 8, 1999
Sold by
Hines Charlton W
Bought by
Mcmahan James R

Purchase Details

Closed on
Aug 26, 1999
Bought by
Southernmost Holdings Fortress Managment Inc

Purchase Details

Closed on
Apr 27, 1995
Sold by
Grabic Gene C
Bought by
Hines Charlton W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,000
Interest Rate
8.35%

Purchase Details

Closed on
Nov 1, 1989
Bought by
Southernmost Holdings Fortress Managment Inc

Purchase Details

Closed on
Jul 1, 1987
Bought by
Southernmost Holdings Fortress Managment Inc

Purchase Details

Closed on
Feb 1, 1982
Bought by
Southernmost Holdings Fortress Managment Inc
Source: Public Records

Range of Values:

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Average Value
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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 $1,150,000 --
Warranty Deed $650,000 Southermost Title Inc
Warranty Deed $343,000 --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed $225,000 --
Warranty Deed $189,000 --
Warranty Deed $210,000 --
Warranty Deed $195,000 --
Warranty Deed $120,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,176,450 VA
Previous Owner $600,000 Seller Take Back
Previous Owner $50,000 Credit Line Revolving
Previous Owner $274,400 New Conventional
Previous Owner $151,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2025 06/26/25 Rented $5,500 0.0% --
05/29/2025 05/29/25 For Rent $5,500 0.0% --
08/31/2022 08/31/22 Sold $1,150,000 -8.0% $883 / Sq Ft
07/22/2022 07/22/22 Pending -- -- --
06/01/2022 06/01/22 Price Changed $1,250,000 -7.4% $960 / Sq Ft
04/18/2022 04/18/22 Price Changed $1,350,000 -5.3% $1,037 / Sq Ft
04/04/2022 04/04/22 For Sale $1,425,000 +159.1% $1,094 / Sq Ft
11/01/2016 11/01/16 Sold $550,000 -20.2% $499 / Sq Ft
08/09/2016 08/09/16 Pending -- -- --
01/12/2016 01/12/16 For Sale $689,000 -- $625 / Sq Ft
Source: Florida Keys Board 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 $7,748 $939,460 -- --
2023 $7,748 $912,098 $688,046 $224,052
2022 $7,042 $924,759 $688,046 $236,713
2021 $6,230 $662,627 $521,093 $141,534
2020 $6,219 $663,818 $518,564 $145,254
2019 $6,179 $653,551 $500,857 $152,694
2018 $6,408 $674,978 $518,564 $156,414
2017 $6,323 $721,859 $0 $0
2016 $6,228 $694,741 $0 $0
2015 $5,841 $629,694 $0 $0
2014 $5,302 $505,289 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matthew Carlson

    Seller's Agent in 2025

    Matthew Carlson

    Realty ONE Group Destination

    (612) 791-2345

    26 in this area

    97 Total Sales

    Matthew Carlson
    Section Image
  • Bascom Grooms

    Seller's Agent in 2022

    Bascom Grooms

    Bascom Grooms Real Estate (KW)

    (305) 304-7444

    68 in this area

    322 Total Sales

    Bascom Grooms
    Section Image

  • B

    Seller's Agent in 2016

    Brenda Duley

    Berkshire Hathaway HomeServices Knight & Gardner Realty

  • Key West Luxury Finders

    Buyer's Agent in 2016

    Key West Luxury Finders

    Preferred Properties (KW)

    (305) 240-0355

    32 in this area

    75 Total Sales

    Key West Luxury Finders
    Section Image

  • J

    Buyer Co-Listing Agent in 2016

    Jeffrey Grosky

    Preferred Properties (KW)

    (305) 304-6868

    17 in this area

    39 Total Sales

    Jeffrey Grosky
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 600437

Florida Keys Board of REALTORS®

APN: 00033190-000500

Florida Monroe County Key West 33040 Old Town

1212 Varela St, Key West, FL

This home is located at 1212 Varela St, Key West, FL 33040 and is currently priced at $1,150,000, approximately $883 per square foot. This property was built in 1942. 1212 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.

Florida Keys Board 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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