1430 Vernon Ave Unit 1-2 Key West, FL 33040
Old Town NeighborhoodEstimated payment $63,625/month
About This Home
Fabulous Find on the Atlantic Side of Key West! Welcome to a truly unique opportunity in the heart of Key West. As the last and only remaining undeveloped property in the Historic Commercial Tourist District (HCT zone), this listing presents a rare and final chance to create something extraordinary. Imagine waking up to breathtaking, unobstructed ocean and beach views every day. Seabirds passing overhead, gentle breezes arriving at your lanai--it's an experience like nowhere else. This is island living at its finest! Permitted HCT uses include:Single-family and two-family residential dwellings, Multiple-family residential dwellings, Restaurant, Business and professional offices, Hotels, Motels, transient lodging, and more. This two-story home comes equipped with two separate electric meters.This exceptional property is truly one of a kind, with no identical or closely similar listings anywhere in Key West. The ideal circumstances are here and now--an unparalleled combination of an oversized ocean-view lot, located just three blocks from Duval Street, the gateway to downtown. Spanning 8,700 square feet, this property offers ample space for your creative vision, whether you dream of building a luxurious residence, alongside a commercial venture boutique hotel, or restaurant, -- this and more are supported by HCT zoning. This property is all about the excitement of shaping a new vision for a future in paradise. Let your imagination run wild and transform this blank canvas into something extraordinary. Don't miss out on this once-in-lifetime opportunity--call today for your private tour and start envisioning your future in Key West!
Map
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$12,358
Year Built
1953
Lot Details
0
Listing Details
- Property Type: Residential
- Style: Duplex
- First Right of Refusal: No
- Mandatory HOA: No
- Fee Includes: None
- Key Island: Key West
- K W Neighborhood: Casa Marina
- Limited Representation: No
- Marathon Neighborhood: N/A
- Mile Marker: 1.00
- Min Rental Days: 30.00
- M L S Identifier: 20060123165453488875000000
- Neighborhood Feature: Beach
- Off Shore Island: No
- Pets: Pets Allowed
- Property Group I D: 19990816212109142258000000
- Side: Ocean
- State Province: FL
- Taxes: 14076.94
- Vehicle Storage: Off Street Parking
- Year Built: 1953
- Alternate Key Number: 1038873
- Cooling Heating: Wall/Window Unit(s), Ceiling Fans(s)
- Lot Sq Ft: 8700.00
- License Info: Non Trans Rntl Lic
- Shutters: Panel
- Tax Exemptions: Homestead
- Building Style Above Flood: Unknown
- Estimated Living Sq Ft: 2071.00
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: MultiFamily
Interior Features
- Interior Amenities: Storage
- Total Bathrooms: 2.00
- Full Bathrooms: 2
- Appliances: Dishwasher, Oven, Range, Refrigerator
- Floor: Tile
- Total Bedrooms: 3
Exterior Features
- Dockage: None
- Waterfront: Oceanfront
- Waterfront: Yes
- Construction: CBS
- Exterior Features: Sandy Beach, Shed
- Roof: Metal Roof
- Waterview: Ocean View
- Pool: No
Utilities
- Utilities: FKAA, Municipal Sewer
Lot Info
- Deed Restrictions: Unknown
- Flood Zone: VE,AE,VE
- Parcel Number: 00038120-000000
- Lot Size: 75x111
- Land Size: Less Than 1/4 Acre
- Acres: 0.20
Rental Info
- Rentals Allowed: With Restrictions
Tax Info
- Tax Year: 2024
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 | $12,358 | $1,960,208 | $1,500,750 | $459,458 |
| 2023 | $12,358 | $1,547,508 | $1,094,569 | $452,939 |
| 2022 | $10,854 | $1,299,854 | $841,725 | $458,129 |
| 2021 | $10,049 | $1,049,883 | $649,238 | $400,645 |
| 2020 | $9,710 | $1,040,811 | $631,294 | $409,517 |
| 2019 | $9,016 | $959,985 | $652,500 | $307,485 |
| 2018 | $8,896 | $1,014,990 | $703,069 | $311,921 |
| 2017 | $8,479 | $980,733 | $0 | $0 |
| 2016 | $8,577 | $1,007,118 | $0 | $0 |
| 2015 | $7,818 | $842,915 | $0 | $0 |
| 2014 | $6,924 | $626,088 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/07/2025 06/07/25 | Price Changed | $11,888,000 | -7.8% | $5,740 / Sq Ft |
| 04/27/2025 04/27/25 | For Sale | $12,888,000 | -- | $6,223 / Sq Ft |
Source: Key West Association of REALTORS®
MLS Number: 614801
APN: 00038120-000000
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