$1,400,000

1824 Fogarty Ave Key West, FL 33040

Mid Town Neighborhood

Estimated payment $8,169/month

Total Views 230
6 Beds
7 Baths
1,306 Sq Ft
$1,072 Price per Sq Ft

About This Home

Discover a rare investment opportunity in the heart of Key West! This 4-unit tropical compound spans nearly 9,500 sq. ft. and includes a spacious 3BD/3.5BA main home plus three charming 1BD/1BA cottages. Enjoy resort-style living with a pool, tiki bar, and lush outdoor space. Generating $75K+ in annual income (excluding the main home), this property offers flexibility for employee housing, long-term rentals, or a 'Key West Melrose Place'-style retreat. Centrally located near beaches, dining, and Old Town--live and earn in paradise!

Listing Agent

Krystal Thomas

eXp Realty LLC License #3293981 Listed on: 11/03/2025

eXp Realty LLC

Map

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,663

Year Built

1950

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
  • Key Island: Key West
  • K W Neighborhood: Midtown East
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 3.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Median
  • State Province: FL
  • Taxes: 10032.73
  • Title: Title Ins - Buyer
  • Year Built: 1950
  • Alternate Key Number: 1050156
  • Cooling Heating: Wall/Window Unit(s)
  • Lot Sq Ft: 9483.00
  • Pool Info: In Ground
  • Porch Balcony: Patio
  • Shutters: Other
  • Species List: No
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1306.00
  • Property Condition: Fixer Upper
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 7.00
  • Full Bathrooms: 7
  • Appliances: Refrigerator, Oven
  • Windows/Doors: Single Hung Windows, Aluminum Windows
  • Total Bedrooms: 6
  • Accessibility Features: None

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Bar, Privacy Wall/Fence, Outdoor Kitchen, Detached Guest Qtrs, Fencing, Chickee Hut
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: Buyer to Verify
  • Heating: None

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00049560-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.22

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2024

Multi Family

  • Total Units: 4.00

Range of Values:

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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 $9,663 $1,043,868 $601,981 $441,887
2023 $9,663 $988,193 $595,438 $392,755
2022 $6,663 $711,458 $0 $0
2021 $6,463 $632,114 $0 $0
2020 $6,317 $629,412 $0 $0
2019 $5,919 $569,657 $0 $0
2018 $6,132 $589,674 $0 $0
2017 $5,937 $575,441 $0 $0
2016 $5,951 $568,766 $0 $0
2015 $5,699 $508,714 $0 $0
2014 $5,449 $444,871 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2025 11/03/25 Price Changed $1,400,000 +0.4% $1,072 / Sq Ft
11/03/2025 11/03/25 For Sale $1,395,000 -- $1,068 / Sq Ft
Source: Key West Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Personal Reps Deed -- None Listed On Document
Personal Reps Deed -- None Listed On Document
Deed $280,000 --
Warranty Deed $130,000 --
Warranty Deed $105,000 --
Warranty Deed $85,000 --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $704,000 New Conventional
Closed $704,000 New Conventional
Previous Owner $230,000 Commercial
Source: Public Records

Source: Key West Association of REALTORS®

MLS Number: 617165

Key West Association of REALTORS®

APN: 00049560-000000

Florida Monroe County Key West 33040 Mid Town

1824 Fogarty Ave, Key West, FL

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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Krystal Thomas
Listing Agent
Krystal Thomas
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eXp Realty LLC
(786) 284-6962