$2,685,000
SOLD MAY 16, 2025
9 Beds
9 Baths
4,037 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$665 Per Sq Ft

10% Below List Price

69 Days on Market

About This Home

As of May 2025

PRICED TO SELL - This is a rare and exceptional opportunity!Land is at premium in Key West, and this expansive nearly 12,000 sq. ft. lot with not one but essentially 3 houses and room to grow, is an extraordinary find. Discover a balanced blend of Key West character, mid-century charm, and modern updates with this one-of-a-kind multi family compound. This property could not be more well designed for seclusion and private entertainment. Whether you're looking for a spacious primary residence, an income-producing property, a redevelopment opportunity, or a combination of all three, this is your drawing board.Once home to a beloved local artist, this award-winning property--recognized by the Old Island Restoration Foundation--is a nostalgic tribute to its time period. The current owner has preserved and enhanced its retro artistic flair, creating a truly unique ambiance that transports you back in time.Property Highlights:✅ Three Separate units- Each with its own private access and gated tropical yard✅ Main House (4 BD | 3.5 BA) - An open combo entertainment area overlooks a resort-style outdoor space featuring a stunning collection of mature and rare plant species, creating a lush, tropical sanctuary. At its heart, a luxurious heated pool basks in the sunshine by day and transforms into a glowing oasis by night, illuminated by soft ambient lighting.✅ Second Unit (3 BD | 2 BA) - Exposed beam ceilings, skylights, and a serene outdoor shower.✅ Third Unit (2 BD | 2 BA) - A cozy retreat with an expansive patio space✅ Concrete Block Construction, Impact windows and doors for added security✅ Off-Street Parking & Endless Storage - A rare convenience in Key West✅ Only three blocks from the beach/pier and a short stroll to Old Town. This property is an entertainer's dream that must be seen in person to truly understand and appreciate all it has to offer.

Last Agent to Sell the Property

Jessica Celli

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3496069 Listed on: 02/21/2025

Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Buyer's Agent

Jessica Celli

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3496069 Listed on: 02/21/2025

Berkshire Hathaway HomeServices Knight & Gardner Realty

Property Details

Home Type

Multi-Family

Year Built

1958

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: Yes
  • Handicap Access: Yes
  • Key Island: Key West
  • K W Neighborhood: Midtown West
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 2.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Tennis Courts
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 23902.00
  • Title: Negotiable
  • Vehicle Storage: Carport, Trailer Storage, Covered Parking, Off Street Parking, Guest Parking, Open Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1958
  • Alternate Key Number: 1059871
  • Building Style: Split Level
  • Cooling Heating: Ceiling Fans(s), Ductless
  • Lot Sq Ft: 11264.00
  • Pool Info: In Ground, Concrete
  • Porch Balcony: Deck, Patio
  • License Info: Non Trans Rntl Lic
  • License Info Number Of City License: 3
  • License Info Number Of County License: 3
  • Shutters: Accordion
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 4037.00
  • Pre Wired: Cable
  • G F Interior Features: Tankless Hot Wtr Htr, LED Lighting
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: 12
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Fireplace(s), Window Treatments, Quartz Countertops, Bar, Walk-in Closet(s), Storage, Smoke Alarms, Sky Light(s), Security System, Granite Counter Top, Entrance Foyer, Pantry
  • Total Bathrooms: 9.00
  • Full Bathrooms: 7
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Ice Machine, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Wood, Laminate, Combo, Carpet
  • Half Bathrooms: 2
  • Specialty Rooms: Utility Room, Workshop
  • Windows/Doors: Sliding Glass Doors, Impact Rstnce Window, Impact Rstnce Doors, Other Windows/Doors
  • Total Bedrooms: 9
  • Accessibility Features: Parking, Wheelchair Ramp

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Concrete, Combo Construction
  • Exterior Features: Fruit Tree(s), Storage, Sprinkler System, Shed, Privacy Wall/Fence, Outdoor Shower, Rain Gutters, Detached Guest Qtrs
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA
  • Heating: Ductless

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.15

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2024

Multi Family

  • Total Units: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2025
Closed on
May 16, 2025
Sold by
Key Westie Llc
Bought by
1519 Florida Street Llc
Seller's Agent
Jessica Celli
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Jessica Celli
Berkshire Hathaway HomeServices Knight & Gardner Realty
List Price
$2,999,000
Sold Price
$2,685,000
Premium/Discount to List
-$314,000
-10.47%
Views
10
Current Estimated Value
$2,804,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,864
Avg. Annual Appreciation
6.44%

Purchase Details

Listed on
Nov 19, 2021
Closed on
Mar 3, 2022
Sold by
Wood Cornell Greer
Bought by
Key Westie Llc
Seller's Agent
Bascom Grooms
Bascom Grooms Real Estate (KW)
Buyer's Agent
Jessica Celli
Berkshire Hathaway HomeServices Knight & Gardner Realty
List Price
$3,750,000
Sold Price
$3,180,000
Premium/Discount to List
-$570,000
-15.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.17%
Original Mortgage
$2,385,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2006
Sold by
Norwood Christopher Ross and Anapol Andrea
Bought by
Anapol Andrea

Purchase Details

Closed on
Jul 7, 1999
Sold by
Karosen Laurence E and Banitch George P
Bought by
Norwood Christophe and Norwood Andrea A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,500
Interest Rate
7.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 1, 1990
Bought by
Cornell Stephen W and Cornell Joan P

Purchase Details

Closed on
Feb 1, 1989
Bought by
Cornell Stephen W and Cornell Joan P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,685,000 None Listed On Document
Warranty Deed $3,180,000 Oropeza Stones Cardenas Pllc
Interfamily Deed Transfer -- None Available
Warranty Deed $457,500 --
Warranty Deed $22,000 --
Warranty Deed $379,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,385,000 New Conventional
Previous Owner $400,000 Commercial
Previous Owner $357,500 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/16/2025 05/16/25 Sold $2,685,000 -10.5% $665 / Sq Ft
05/01/2025 05/01/25 Pending -- -- --
02/21/2025 02/21/25 For Sale $2,999,000 -5.7% $743 / Sq Ft
03/10/2022 03/10/22 Sold $3,180,000 -9.1% $788 / Sq Ft View Prior Sale
01/12/2022 01/12/22 Pending -- -- --
01/03/2022 01/03/22 Price Changed $3,499,000 -6.7% $867 / Sq Ft
11/19/2021 11/19/21 For Sale $3,750,000 -- $929 / 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
2025 $23,903 $2,041,187 $1,100,268 $940,919
2024 $23,903 $2,728,167 $1,793,459 $934,708
2023 $22,781 $2,557,019 $1,635,998 $921,021
2022 $18,713 $2,105,051 $1,163,613 $941,438
2021 $8,162 $826,687 $0 $0
2020 $8,028 $815,274 $0 $0
2019 $7,918 $796,945 $0 $0
2018 $7,907 $782,086 $0 $0
2017 $7,883 $766,000 $0 $0
2016 $4,710 $400,050 $0 $0
2015 $6,723 $623,501 $0 $0
2014 $6,349 $531,484 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Key West Association of REALTORS®

MLS Number: 613820

Key West Association of REALTORS®

APN: 00059410-000000