206 4th St Key West, FL 33040
Estimated payment $7,580/month
About This Home
A rare opportunity to purchase two single-family homes on separate but contiguous lots, with one home located behind the other, offering privacy and flexibility in a desirable Lower Keys location.The first residence is a 3-bedroom, 2-bath elevated stilt home built in 2003, offering approximately 1,075 sq. ft. of living space on a 7,685 sq. ft. lot. The interior features tile flooring, a spacious open layout, and abundant natural light. The elevated design provides covered storage beneath the home, along with front outdoor space and a covered porch. A swimming pool is located on this lot and is currently separated by fencing; the fence can be removed for shared use or reconfigured for private use by either home.This home is subject to Monroe County Affordable Housing occupancy requirements. The property may be purchased by any buyer; occupancy is limited to a qualifying household.The second residence, located behind the first, is a 2-bedroom, 2-bath single-family home with approximately 1,200 sq. ft. of living space on a 7,972 sq. ft. lot, without deed restrictions. The home is configured with two divided living areas, each with its own mini-split system, making it well suited for flexible living arrangements or rental opportunities. Large windows provide natural light, a rear entrance offers convenient outdoor access, and mature trees provide privacy and shade.Together, these homes create two contiguous lots totaling approximately 15,657 square feet, a notably large combined footprint for the Lower Keys, offering flexibility, privacy, and long-term value just minutes from Key West.
Listing Agent
Berkshire Hathaway HomeServices Knight & Gardner Realty License #3451909 Listed on: 01/20/2026
Co-Listing Agent
Berkshire Hathaway HomeServices Knight & Gardner Realty License #3606823
Map
Property Details
Home Type
Multi-Family
Year Built
2003
Lot Details
7,685 Acres
Listing Details
- Property Type: Residential
- Style: Multi-Units
- As Is Right To Inspect: Yes
- First Right of Refusal: No
- Mandatory HOA: No
- Contingent: Contingent/Show
- Fee Includes: None
- Key Island: Big Coppitt
- Limited Representation: No
- Marathon Neighborhood: N/A
- Mile Marker: 10.00
- M L S Identifier: 20060123165453488875000000
- Off Shore Island: No
- Pets: Pets Allowed
- Property Group I D: 19990816212109142258000000
- Side: Median
- State Province: FL
- Taxes: 4851.31
- Vehicle Storage: Off Street Parking
- Vehicle Storage Cars: 4+
- Year Built: 2003
- Alternate Key Number: 1194808
- Cooling Heating: Ceiling Fans(s), Ductless
- Lot Sq Ft: 7685.00
- Pool Info: In Ground
- Porch Balcony: Open Porch/Balcony
- Shutters: Accordion
- Species List: No
- Tax Exemptions: None
- Building Style Above Flood: Yes
- Estimated Living Sq Ft: 2275.00
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: UnderContract
- Property Sub Type: MultiFamily
Interior Features
- Total Bathrooms: 4.00
- Full Bathrooms: 4
- Appliances: Dryer, Microwave, Oven, Range, Refrigerator, Dishwasher
- Floor: Tile, Vinyl
- Total Bedrooms: 5
Exterior Features
- Dockage: None
- Waterfront: None
- Waterfront: No
- Construction: Combo Construction
- Roof: Metal Roof
- Waterview: No Waterview
- Pool: Yes
Utilities
- Utilities: FKAA, Municipal Sewer
Lot Info
- Deed Restrictions: Yes
- Flood Zone: AE
- Parcel Number: 00149680-000000
- Lot Size: X
- Land Size: 1/4 - 1/2 Acre
- Acres: 7685.00
Rental Info
- Rentals Allowed: With Restrictions
- Furnished: Unfurnished
Tax Info
- Tax Year: 2025
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 |
|---|---|---|---|---|
| 2025 | $5,062 | $463,125 | $344,970 | $118,155 |
| 2024 | $4,680 | $609,531 | $451,878 | $157,653 |
| 2023 | $4,680 | $580,589 | $438,698 | $141,891 |
| 2022 | $4,355 | $536,480 | $391,628 | $144,852 |
| 2021 | $3,759 | $337,038 | $210,876 | $126,162 |
| 2020 | $3,696 | $336,988 | $208,994 | $127,994 |
| 2019 | $3,519 | $333,178 | $203,345 | $129,833 |
| 2018 | $3,385 | $320,099 | $203,345 | $116,754 |
| 2017 | $3,076 | $280,515 | $0 | $0 |
| 2016 | $2,802 | $219,846 | $0 | $0 |
| 2015 | $2,816 | $233,903 | $0 | $0 |
| 2014 | $2,595 | $181,624 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/19/2026 02/19/26 | Price Changed | $1,350,000 | -3.6% | $593 / Sq Ft |
| 01/20/2026 01/20/26 | For Sale | $1,400,000 | -- | $615 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Attorney | |
| Deed | $16,000 | -- | |
| Deed | $2,200 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $129,000 | New Conventional |
Source: Key West Association of REALTORS®
MLS Number: 618210
APN: 00149680-000000
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Ask me questions while you tour the home.