$11,888,000
$1M PRICE DROP

1430 Vernon Ave Unit 1-2 Key West, FL 33040

Old Town Neighborhood

Estimated payment $64,058/month

Total Views 14,768
3 Beds
2 Baths
2,071 Sq Ft
$5,740 Price per Sq Ft

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!

Listing Agent

Irina Pytlik

Keys Top Realty LLC License #3441724 Listed on: 04/27/2025

Co-Listing Agent

Yulia Vakhtenko

Keys Top Realty LLC License #3610208

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
  • Document Count: 1
  • 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

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

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
Source: Public Records

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®

Source: Key West Association of REALTORS®

MLS Number: 614801

Key West Association of REALTORS®

APN: 00038120-000000

Florida Monroe County Key West 33040 Old Town

1430 Vernon Ave Unit 1-2, Key West, FL

This home is located at 1430 Vernon Ave Unit 1-2, Key West, FL 33040 and is currently priced at $11,888,000, approximately $5,740 per square foot. This property was built in 1953. 1430 Vernon Ave Unit 1-2 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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Irina Pytlik
Listing Agent
Irina Pytlik
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Keys Top Realty LLC
(786) 981-9652