$1,282,000 - $1,354,597
RENTED JUN 26, 2025

1212 Varela St Key West, FL 33040

Old Town Neighborhood
2 Beds
2 Baths
1,308 Sq Ft
$1,017 Price per Sq Ft

Last Sold August 31, 2022

Last sale price $1,150,000 $879 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $8,365/month

About This Home

As of June 2025

Welcome home to your spacious two-bedroom, detached residence, complete with a charming sleeping loft nestled within an inviting HOA community. Step outside to enjoy the expansive, shared pool area conveniently located right at your doorstep.This beautiful home offers comfortable single-level living and multiple outdoor spaces accessible directly from both bedrooms and the living room--perfect for morning coffee or evening relaxation. The versatile sleeping loft makes for an ideal office or cozy additional sleeping area.Fully furnished with tasteful island-inspired decor throughout, this home embodies Key West charm. Ideally situated in Old Town Key West, you are at the heart of the island, mere steps from restaurants, shops, beaches, and all the vibrant activities Key West has to offer.Don't miss out on this exceptional Key West living experience!

Last Agent to Rent the Property

Matthew Carlson

Realty ONE Group Destination Brokerage Email: rogdestination@gmail.com License #3413493 Listed on: 05/29/2025

Realty ONE Group Destination

Last Renter's Agent

Matthew Carlson

Realty ONE Group Destination Brokerage Email: rogdestination@gmail.com License #3413493 Listed on: 05/29/2025

Realty ONE Group Destination

Property Details

Property Type

Other

Est. Annual Taxes

$7,748

Year Built

1942

Lot Details

0

Rental Info

  • Furnishings: Furnished
  • Rent Includes: Trash, Sewer
  • Last Month's Rent: 5495.00
  • Lease Type: Annual
  • Monthly Rent: 5500.00
  • Security Deposit: 3000.00

Listing Details

  • Property Type: Rental
  • Property Type 2: Single Family
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Property Group I D: 20010809200717574625000000
  • State Province: FL
  • Year Built: 1942
  • Building Style: Ground Level
  • Cooling Heating: Central Air
  • Pool Info: In Ground, Community
  • Porch Balcony: Deck
  • License Info Number Of City License: 1
  • License Info Number Of County License: 1
  • Building Style Above Flood: Unknown
  • Lease Purchase Option: No
  • Lease Restrictions: Assoc Rules Apply, Credit Check, Background Check
  • Estimated Living Sq Ft: 1308.00
  • Pre Wired: Cable
  • Statistical Purposes Only: No
  • Attribution Contact: rogdestination@gmail.com
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Oven, Dishwasher, Dryer, Washer, Microwave
  • Specialty Rooms: Loft
  • Windows/Doors: French Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: No
  • View: Pool View
  • Pool: Yes

Utilities

  • Security: No Security
  • Utilities: FKAA
  • Heating: None

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
$1,397,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$247,688
Avg. Annual Appreciation
6.91%
Original Mortgage
$1,176,450
Outstanding Balance
$1,132,487
Interest Rate
5.54%
Mortgage Type
VA
Estimated Equity
$265,201

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
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
Murray Travis $1,150,000 --
Southernmost Holdings Fortress Managemen $650,000 Southermost Title Inc
Everingham Robert $343,000 --
Mcmahan Frank D -- --
Mcmahan James R -- --
Southernmost Holdings Fortress Managment Inc $225,000 --
Hines Charlton W $189,000 --
Southernmost Holdings Fortress Managment Inc $210,000 --
Southernmost Holdings Fortress Managment Inc $195,000 --
Southernmost Holdings Fortress Managment Inc $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Murray Travis $1,176,450
Previous Owner Southernmost Holdings Fortress Managemen $600,000
Previous Owner Mcmahan James R $50,000
Previous Owner Mcmahan James R $274,400
Previous Owner Hines Charlton W $151,000
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: 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 $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

  • M

    Landlord's Agent in 2025

    Matthew Carlson

    Realty ONE Group Destination

    (612) 791-2345

    26 in this area

    71 Total Sales

    Section Image
  • Bascom Grooms

    Seller's Agent in 2022

    Bascom Grooms

    Bascom Grooms Real Estate (KW)

    (305) 304-7444

    69 in this area

    331 Total Sales

    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

    34 in this area

    80 Total Sales

    Section Image

  • J

    Buyer Co-Listing Agent in 2016

    Jeffrey Grosky

    Preferred Properties (KW)

    (305) 304-6868

    19 in this area

    45 Total Sales

    Section Image
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Map

Source: Key West Association of REALTORS®

MLS Number: 615396

Key West Association 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 since 29 May 2025 and is currently priced at $1,330,199. 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.

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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