$1,275,000
$25K PRICE DROP

2007 Flagler Ave Key West, FL 33040

Mid Town Neighborhood

Estimated payment $7,325/month

Total Views 4,444
6 Beds
5 Baths
2,102 Sq Ft
$607 Price per Sq Ft

About This Home

Discover a smart investment opportunity and a relaxed lifestyle right in Key West's Midtown. This actively leased duplex is ideally located, just steps from Key West High School and close to beaches, restaurants and postcard-worthy sunsets. With two spacious units, the property generates a robust monthly income of $9000, totaling approximately $108,000 annually.Whether you're an investor looking for strong returns or a buyer dreaming of island living with built-in income, this property delivers exceptional flexibility. Live in one unit and lease the other, or rent out both for maximum cash flow. The interiors are updated, offering generous bedrooms and a flexible layout. Zoned for multi-family use and located on a 5000 sq ft lot, this 2-story duplex is an excellent opportunity for savvy buyers looking for both ROI and tropical tranquility in paradise.

Listing Agent

Stephanie Wise

Keller Williams Key West Compass Realty License #3414367 Listed on: 08/01/2025

Keller Williams Key West Compass Realty

Co-Listing Agent

Sandra Swan

Keller Williams Key West Compass Realty License #3414369

Map

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,778

Year Built

1938

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: 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: 7180.26
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Year Built: 1938
  • Alternate Key Number: 1045853
  • Cooling Heating: Central Air, Ductless, Ceiling Fans(s)
  • Lot Sq Ft: 5000.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • License Info Number Of City License: 2
  • Shutters: Panel
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 2102.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Quartz Countertops
  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Appliances: Washer, Microwave, Range, Refrigerator, Dryer
  • Floor: Tile, Laminate
  • Windows/Doors: French Doors, Glass Doors
  • Total Bedrooms: 6

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing, Shed
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00045260-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.11

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2024

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 $6,778 $796,935 $368,000 $428,935
2023 $6,778 $738,253 $364,000 $374,253
2022 $6,200 $690,220 $312,000 $378,220
2021 $5,764 $560,471 $238,000 $322,471
2020 $5,475 $531,707 $236,000 $295,707
2019 $5,080 $481,398 $179,000 $302,398
2018 $5,408 $509,089 $200,000 $309,089
2017 $4,917 $446,566 $0 $0
2016 $4,925 $439,391 $0 $0
2015 $4,764 $424,325 $0 $0
2014 $4,392 $342,101 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/09/2025 09/09/25 Price Changed $1,275,000 -1.9% $607 / Sq Ft
08/01/2025 08/01/25 For Sale $1,300,000 +86.0% $618 / Sq Ft
09/24/2020 09/24/20 Sold $699,000 0.0% $375 / Sq Ft View Prior Sale
03/03/2020 03/03/20 For Sale $699,000 +16.5% $375 / Sq Ft
05/31/2017 05/31/17 Sold $600,000 -24.9% $322 / Sq Ft View Prior Sale
05/10/2017 05/10/17 Pending -- -- --
09/06/2016 09/06/16 For Sale $799,000 +128.3% $429 / Sq Ft
04/05/2013 04/05/13 Sold $350,000 -12.9% $188 / Sq Ft View Prior Sale
04/05/2013 04/05/13 Pending -- -- --
02/01/2013 02/01/13 For Sale $402,000 -- $216 / Sq Ft
Source: Key West Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $699,999 Oropeza Stones Cardenas Pllc
Warranty Deed $600,000 Attorney
Warranty Deed $350,000 None Available
Warranty Deed $315,000 --
Warranty Deed $72,000 --
Deed $32,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $716,098 Purchase Money Mortgage
Previous Owner $245,000 Commercial
Previous Owner $260,000 Commercial
Previous Owner $253,000 Commercial
Source: Public Records

Source: Key West Association of REALTORS®

MLS Number: 616010

Key West Association of REALTORS®

APN: 00045260-000000

Florida Monroe County Key West 33040 Mid Town

2007 Flagler Ave, Key West, FL

This home is located at 2007 Flagler Ave, Key West, FL 33040 and is currently priced at $1,275,000, approximately $606 per square foot. This property was built in 1938. 2007 Flagler Ave 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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Stephanie Wise
Listing Agent
Stephanie Wise
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Keller Williams Key West Compass Realty
(305) 518-1998