1513 5th St Key West, FL 33040
Mid Town NeighborhoodEstimated payment $7,016/month
Total Views
1,405
3
Beds
2
Baths
1,555
Sq Ft
$768
Price per Sq Ft
About This Home
Tropical Waterfront Sanctuary with Room for a Pool -- Your Island Dream AwaitsWelcome to 1513 5th Street, a hidden tropical retreat nestled in the heart of Key West that perfectly blends coastal charm, modern comforts, and endless potential. Tucked away behind lush, mature landscaping, this private and beautifully renovated 3-bedroom, 2-bathroom home offers a rare opportunity to live waterfront while being just minutes from beaches, shops, restaurants, and the best of island life.Situated on a generous 7,789 sq ft lot, this property is a true sanctuary, complete with serene water views and direct access to kayaking and paddleboarding right from your own backyard. Nature lovers and outdoor enthusiasts will delight in the peaceful mangrove setting--ideal for launching into your next adventure or enjoying quiet sunrise moments by the water's edge.Inside, the home boasts 1,611 sq ft of bright, airy living space, thoughtfully updated to honor the laid-back Key West lifestyle. The spacious Florida room serves as the heart of the home--flooded with natural light and surrounded by verdant tropical views, it's the perfect place to relax, entertain, or simply soak up the serenity of your surroundings.The primary suite offers a private oasis, complete with a home office, yoga studio, personal gym, or creative space--whatever fits your lifestyle. Wake up to soft breezes and the sights and sounds of nature just outside your window.Journey outside and you'll find ample space to add a custom pool, creating your own tropical resort-style setting. With room to lounge, garden, and entertain, the fully fenced yard is a an outdoor living dream. A dedicated golf cart space and off-street parking add convenience and ease, while a detached structure on the property offers even more flexibility. Whether you envision a potters studio, guest suite, workshop, or quiet retreat, the possibilities are as limitless as the setting is!
Map
Home Details
Home Type
Single Family
Est. Annual Taxes
$5,671
Year Built
1968
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
- Control Depth: 1
- Fee Includes: None
- Financial Status Bank Owned: No
- Financial Status Potential Short Sale: No
- Key Island: Key West
- K W Neighborhood: Midtown East
- Limited Representation: No
- Marathon Neighborhood: N/A
- Mile Marker: 3.00
- Min Rental Days: 30.00
- M L S Identifier: 20060123165453488875000000
- Pets: Pets Allowed
- Property Group I D: 19990816212109142258000000
- Side: Median
- State Province: FL
- Taxes: 6227.30
- Vehicle Storage: Off Street Parking
- Vehicle Storage Cars: 2
- Year Built: 1968
- Alternate Key Number: 1064084
- Cooling Heating: Central Air, Ceiling Fans(s), Wall/Window Unit(s)
- Lot Sq Ft: 7789.00
- Porch Balcony: Deck, Patio
- License Info: Non Trans Rntl Lic
- Shutters: Other
- Species List: No
- Tax Exemptions: Homestead
- Building Style Above Flood: No
- Building Style Stories: 1 Story
- Estimated Living Sq Ft: 1555.00
- Pre Wired: Cable
- Financial Status Auction: No
- 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: Split Bedroom, Walk-in Closet(s)
- Total Bathrooms: 2.00
- Full Bathrooms: 2
- Appliances: Washer, Microwave, Oven, Refrigerator, Dishwasher, Dryer
- Floor: Combo
- Specialty Rooms: Laundry Room, Workshop, Sun/Florida Room
- Total Bedrooms: 3
Exterior Features
- Dockage: None
- Waterfront: Canal Front
- Waterfront: Yes
- Construction: CBS, Combo Construction
- Exterior Features: Fencing, Storage, Shed, Outdoor Shower
- Roof: Metal Roof
- Waterview: Canal View, Salt Ponds
- Pool: No
Utilities
- Utilities: FKAA
Lot Info
- Deed Restrictions: Unknown
- Flood Zone: AE
- Parcel Number: 00063670-000000
- Land Size: Less Than 1/4 Acre
- Acres: 0.18
Rental Info
- Rentals Allowed: With Restrictions
- Furnished: Negotiable
Tax Info
- Tax Year: 2024
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 | $5,671 | $841,691 | $630,831 | $210,860 |
| 2023 | $5,671 | $730,810 | $533,780 | $197,030 |
| 2022 | $5,338 | $733,702 | $533,780 | $199,922 |
| 2021 | $4,517 | $466,922 | $292,886 | $174,036 |
| 2020 | $4,500 | $466,990 | $292,886 | $174,104 |
| 2019 | $4,715 | $487,480 | $308,483 | $178,997 |
| 2018 | $1,984 | $215,389 | $0 | $0 |
| 2017 | $1,971 | $210,959 | $0 | $0 |
| 2016 | $2,016 | $206,620 | $0 | $0 |
| 2015 | $2,057 | $205,184 | $0 | $0 |
| 2014 | $2,105 | $203,556 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/28/2025 07/28/25 | For Sale | $1,195,000 | -- | $768 / Sq Ft |
Source: Key West Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $100 | None Listed On Document | |
| Warranty Deed | $100 | None Listed On Document | |
| Warranty Deed | $100 | None Listed On Document | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $150,000 | -- | |
| Warranty Deed | $137,000 | -- | |
| Warranty Deed | $125,000 | -- | |
| Warranty Deed | $77,700 | -- | |
| Warranty Deed | $69,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $488,000 | Negative Amortization | |
| Previous Owner | $40,000 | Small Business Administration | |
| Previous Owner | $441,500 | Negative Amortization | |
| Previous Owner | $359,058 | New Conventional | |
| Previous Owner | $270,000 | New Conventional | |
| Previous Owner | $30,000 | New Conventional | |
| Previous Owner | $145,000 | New Conventional | |
| Previous Owner | $120,000 | No Value Available |
Source: Public Records
Similar Homes in Key West, FL
Source: Key West Association of REALTORS®
MLS Number: 615954
APN: 00063670-000000
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