1227 20th Terrace Key West, FL 33040
New Town NeighborhoodEstimated payment $6,192/month
Total Views
10,054
4
Beds
2
Baths
1,510
Sq Ft
$679
Price per Sq Ft
About This Home
BIG PRICE IMPROVEMENT!*Seller Motivated, told us to bring all Offers. 3/1 with a guest cottage/office space at rear of property with private full bath and kitchenette. 4/2 with cottage.Huge lot with incredible area for big a beautiful pool!This is a perfect family 3/1 home in one of the best New Town neighborhoods. This fully gated home sits on a massive 7000 sf oversized lot and is completely move-in ready. The home boasts three bedrooms and one bath. The floor plan in the kitchen and living area flows perfectly for open living. Glass French doors open to the back patio (that could be enclosed for Florida room) and look out at the massive green lawn and native trees. The large back yard is perfect for expansion or creating your very own tropical oasis. Set back in complete privacy is a beautiful guest suite/office space with bath. The side yard with an additional privacy fence is perfect boat parking. This property is a must see!Occupied so must allow 24 hour notice.
Listing Agent
Real Estate Management of Key West, LLC License #3275505 Listed on: 03/24/2025
Map
Home Details
Home Type
Single Family
Est. Annual Taxes
$6,963
Year Built
1963
Lot Details
0
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: New Town
- Limited Representation: No
- Marathon Neighborhood: N/A
- Mile Marker: 4.00
- M L S Identifier: 20060123165453488875000000
- Pets: Pets Allowed
- Property Group I D: 19990816212109142258000000
- Side: Median
- State Province: FL
- Taxes: 7253.21
- Title: Negotiable
- Vehicle Storage: Off Street Parking
- Year Built: 1963
- Alternate Key Number: 1055883
- Building Style: Ground Level
- Cooling Heating: Central Air, Ductless, Ceiling Fans(s)
- Lot Sq Ft: 7183.00
- Porch Balcony: Open Porch/Balcony, Patio
- Shutters: Bahama
- Tax Exemptions: None
- Building Style Above Flood: No
- Estimated Living Sq Ft: 1510.00
- Pre Wired: Cable
- Financial Status Standard Sale: Yes
- Property Condition: Updated/Remodeled
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: Detached
Interior Features
- Interior Amenities: Smoke Alarms
- Total Bathrooms: 2.00
- Full Bathrooms: 2
- Appliances: Washer, Stainless Steel Appliance(s), Ice Machine, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
- Floor: Tile
- Specialty Rooms: Other
- Windows/Doors: French Doors, Awning Windows
- Total Bedrooms: 4
Exterior Features
- Dockage: None
- Waterfront: None
- Waterfront: No
- Construction: CBS, Concrete
- Exterior Features: Privacy Wall/Fence, Storage, Shed
- Roof: Metal Roof
- Waterview: No Waterview
- Pool: No
Utilities
- Utilities: FKAA, Cable Available, Buyer to Verify
- Heating: Central, Ductless
Lot Info
- Deed Restrictions: No
- Flood Zone: AE
- Parcel Number: 00055300-000000
- Land Size: Less Than 1/4 Acre
- Acres: 0.16
Rental Info
- Rentals Allowed: Yes
- Furnished: Unfurnished
Tax Info
- Tax Year: 2024
Multi Family
- Total Units: 1.00
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 | $6,963 | $822,644 | $581,751 | $240,893 |
| 2023 | $6,963 | $811,908 | $581,751 | $230,157 |
| 2022 | $6,136 | $689,406 | $453,894 | $235,512 |
| 2021 | $3,671 | $411,014 | $0 | $0 |
| 2020 | $3,609 | $405,340 | $0 | $0 |
| 2019 | $3,554 | $396,227 | $0 | $0 |
| 2018 | $3,547 | $388,840 | $0 | $0 |
| 2017 | $3,529 | $380,843 | $0 | $0 |
| 2016 | $3,757 | $391,180 | $0 | $0 |
| 2015 | $3,564 | $361,385 | $0 | $0 |
| 2014 | $3,308 | $305,259 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/02/2025 08/02/25 | Price Changed | $1,025,000 | -4.2% | $679 / Sq Ft |
| 07/07/2025 07/07/25 | Price Changed | $1,070,000 | -2.6% | $709 / Sq Ft |
| 05/20/2025 05/20/25 | Price Changed | $1,099,000 | -3.2% | $728 / Sq Ft |
| 03/24/2025 03/24/25 | For Sale | $1,135,000 | +49.3% | $752 / Sq Ft |
| 10/26/2021 10/26/21 | Sold | $760,000 | +1.5% | $788 / Sq Ft |
| 09/10/2021 09/10/21 | Pending | -- | -- | -- |
| 09/04/2021 09/04/21 | For Sale | $749,000 | +70.7% | $777 / Sq Ft |
| 06/30/2016 06/30/16 | Sold | $438,750 | -4.4% | $455 / Sq Ft |
| 05/04/2016 05/04/16 | Pending | -- | -- | -- |
| 05/03/2016 05/03/16 | For Sale | $459,000 | -- | $476 / Sq Ft |
Source: Key West Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $760,000 | Attorney | |
| Warranty Deed | $438,750 | First International Title In | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $99,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $787,360 | VA | |
| Previous Owner | $403,500 | No Value Available | |
| Previous Owner | $403,500 | New Conventional | |
| Previous Owner | $399,000 | No Value Available | |
| Previous Owner | $399,000 | New Conventional | |
| Previous Owner | $413,000 | Balloon | |
| Previous Owner | $100,000 | Unknown | |
| Previous Owner | $150,000 | New Conventional |
Source: Public Records
Similar Homes in Key West, FL
Source: Key West Association of REALTORS®
MLS Number: 614352
APN: 00055300-000000
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