1511 18th Terrace Key West, FL 33040
New Town Neighborhood
3
Beds
3
Baths
2,001
Sq Ft
8,276
Sq Ft Lot
About This Home
As of March 2025Diamond in the rough. This home and guest house sit on a quiet tree lined street on a large 8,250 sq foot lot. First time on the market in over 50 years! The original ground level home has 2 bedrooms 2 baths, a new roof in 2022, laundry room, and a carport. In the back yard there is an elevated 1bedroom 1 bath guest house built in 1998, a 12x15 shed, and plenty of room to add a pool in the spacious yard. A unique opportunity to renovate the front house, ( or tear down and building new) while being able to live in the back guest house at the same time.
Last Agent to Sell the Property
Location 3 Real Estate of KW Inc (KW) License #3131616
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 23, 2024
Closed on
Mar 3, 2025
Sold by
Rieck Annette and Mary Ann Causley Living Trust
Bought by
Beys George
Seller's Agent
Deborah Batty
Location 3 Real Estate of KW Inc (KW)
Buyer's Agent
Deborah Batty
Location 3 Real Estate of KW Inc (KW)
List Price
$1,399,000
Sold Price
$900,000
Premium/Discount to List
-$499,000
-35.67%
Total Days on Market
238
Views
32
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
756.66%
Original Mortgage
$2,600
Outstanding Balance
$2,600
Interest Rate
6%
Mortgage Type
Balloon
Estimated Equity
$1,322,194
Purchase Details
Closed on
Jun 30, 1994
Sold by
Causley Mary Ann
Bought by
Gausley Mary Ann
Map
Home Details
Home Type
Single Family
Est. Annual Taxes
$2,962
Year Built
1958
Lot Details
0
Listing Details
- Property Type: Residential
- Style: Single Family
- 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
- Sale Terms: Other Terms
- Side: Median
- State Province: FL
- Taxes: 2962.10
- Title: Negotiable
- Vehicle Storage: Carport
- Year Built: 1958
- Alternate Key Number: 1075302
- Building Style: Ground Level
- Cooling Heating: Wall/Window Unit(s), Ceiling Fans(s)
- Lot Sq Ft: 8250.00
- Tax Exemptions: Homestead
- Building Style Above Flood: No
- Estimated Living Sq Ft: 2001.00
- Property Condition: Fixer Upper
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: Detached
Interior Features
- Total Bathrooms: 3.00
- Full Bathrooms: 3
- Appliances: Dryer, Oven, Range, Refrigerator, Dishwasher
- Total Bedrooms: 3
Exterior Features
- Dockage: None
- Waterfront: None
- Waterfront: No
- Construction: Combo Construction
- Exterior Features: Fencing, Storage, Shed
- Waterview: No Waterview
- Pool: No
Utilities
- Utilities: FKAA
Lot Info
- Deed Restrictions: Unknown
- Flood Zone: AE
- Parcel Number: 00071480-000000
- Land Size: Less Than 1/4 Acre
- Acres: 0.19
Rental Info
- Rentals Allowed: With Restrictions
- Furnished: Unfurnished
Tax Info
- Tax Year: 2023
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Similar Homes in Key West, FL
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $900,000 | None Listed On Document | |
| Warranty Deed | $900,000 | None Listed On Document | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,600 | Balloon | |
| Closed | $2,600 | Balloon |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/03/2025 03/03/25 | Sold | $900,000 | -9.5% | $450 / Sq Ft |
| 01/09/2025 01/09/25 | Price Changed | $995,000 | -9.1% | $497 / Sq Ft |
| 12/29/2024 12/29/24 | Price Changed | $1,095,000 | -8.4% | $547 / Sq Ft |
| 12/02/2024 12/02/24 | Price Changed | $1,195,000 | -4.3% | $597 / Sq Ft |
| 10/28/2024 10/28/24 | Price Changed | $1,249,000 | -3.8% | $624 / Sq Ft |
| 08/14/2024 08/14/24 | Price Changed | $1,299,000 | -5.5% | $649 / Sq Ft |
| 07/08/2024 07/08/24 | Price Changed | $1,374,000 | -1.8% | $687 / Sq Ft |
| 05/23/2024 05/23/24 | For Sale | $1,399,000 | -- | $699 / Sq Ft |
Source: Key West Association of REALTORS®
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 | $2,962 | $349,967 | -- | -- |
| 2023 | $2,962 | $339,774 | $0 | $0 |
| 2022 | $2,831 | $329,878 | $0 | $0 |
| 2021 | $2,877 | $320,270 | $0 | $0 |
| 2020 | $2,827 | $315,849 | $0 | $0 |
| 2019 | $2,783 | $308,748 | $0 | $0 |
| 2018 | $2,774 | $302,992 | $0 | $0 |
| 2017 | $2,758 | $296,761 | $0 | $0 |
| 2016 | $2,833 | $290,658 | $0 | $0 |
| 2015 | -- | $288,638 | $0 | $0 |
| 2014 | -- | $286,347 | $0 | $0 |
Source: Public Records
Source: Key West Association of REALTORS®
MLS Number: 610113
APN: 1075302
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