$1,249,000
$50K PRICE DROP

1215 Bay St Key West, FL 33040

Mid Town Neighborhood

Estimated payment $7,248/month

Total Views 6,748
4 Beds
3 Baths
1,740 Sq Ft
$718 Price per Sq Ft

About This Home

This charming four-bedroom, three-bathroom duplex is a rare find, nestled on a generous 7,500 sq. ft. lot that provides plenty of room for relaxation, gardening, or entertaining. Surrounded by lush foliage, the property offers a serene sense of privacy and seclusion, making it a perfect retreat. Centrally located, you'll enjoy easy access to shopping, dining, and the beach, with Old Town Key West just a short walk or bike ride away. This prime location truly offers the best of both worlds--convenience and tranquility.Currently, this property is a fantastic income-producing opportunity, generating a total of $8,500 per month in long-term rental income. The potential is limitless: live in one side and rent out the other for additional income, or rent out both sides to maximize your return on investment. Don't miss out on this incredible opportunity! Call today to schedule a showing and explore the possibilities this duplex has to offer!

Listing Agent

Justyn Ewald

Expert Realty LLC (HQ) License #3363807 Listed on: 12/11/2024

Map

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,828

Year Built

1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: Midtown East
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 3.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 7828.36
  • Year Built: 1950
  • Alternate Key Number: 1052311
  • Building Style: Other Bldg Style
  • Lot Sq Ft: 7500.00
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1740.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: More Appliances
  • Appliances Other: YES
  • Total Bedrooms: 4

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS, Combo Construction, Frame, Concrete
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00051690-000000
  • Lot Size: 75X100
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.17

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2023

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $7,828 $833,561 $538,200 $295,361
2023 $7,828 $824,591 $532,350 $292,241
2022 $6,496 $763,379 $456,300 $307,079
2021 $5,882 $574,016 $348,075 $225,941
2020 $5,602 $574,242 $345,150 $229,092
2019 $5,057 $478,720 $261,788 $216,932
2018 $5,173 $512,379 $292,500 $219,879
2017 $4,934 $492,016 $0 $0
2016 $4,917 $488,988 $0 $0
2015 $4,535 $407,687 $0 $0
2014 $4,142 $318,039 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2025 01/23/25 Price Changed $1,249,000 -3.8% $718 / Sq Ft
12/11/2024 12/11/24 For Sale $1,299,000 -- $747 / Sq Ft
Source: Key West Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $850,000 Oropeza Stones Cardenas Pllc
Interfamily Deed Transfer -- Attorney
Deed $205,900 --
Deed $170,000 --
Warranty Deed $170,000 --
Warranty Deed $119,000 --
Warranty Deed $85,000 --
Deed $22,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $636,650 New Conventional
Previous Owner $127,500 No Value Available
Source: Public Records

Source: Key West Association of REALTORS®

MLS Number: 612651

Key West Association of REALTORS®

APN: 00051690-000000

Florida Monroe County Key West 33040 Mid Town

1215 Bay St, Key West, FL

This home is located at 1215 Bay St, Key West, FL 33040 and is currently priced at $1,249,000, approximately $717 per square foot. This property was built in 1950. 1215 Bay 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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Justyn Ewald
Listing Agent
Justyn Ewald
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Expert Realty LLC (HQ)
(305) 587-7330