NOT LISTED FOR SALE

306 Elizabeth St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $3,370,000 - $4,488,000

6 Beds
6 Baths
3,445 Sq Ft
$1,119/Sq Ft Est. Value

Last Sold November 20, 2020

Last sale price $2,375,000 $689 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $22,087/month

275 Days on Market

Highlights

  • Concrete Pool
  • Deck
  • No HOA
  • 0.15 Acre Lot
  • Wood Flooring
  • 4-minute walk to Dry Tortugas National Park

About This Home

As of November 2020

Classic Victorian architecture and historic lore combine to make this one of the most legendary homes in Key West. Built by Odet Philippe in the late 1800s and known historically as The Pirate House, this majestic beauty is steeped in Key West seafaring history. Zoned as 3 non-transient legal units, there's plenty of room for family and friends with 6 bedrooms and 6 bathrooms. It can live as a magnificent single family home or be rented monthly as a whole or by individual units. The backyard is a tropical paradise of lush landscaping surrounding a luxurious pool and outdoor dining space. Double galleried front porches & back sundecks off the 2nd and 3rd stories add to the abundant outdoor space. Off-street parking and just a short walk from the Historic Seaport and Duval St.

Last Agent to Sell the Property

Scott Forman

ICAMCO Real Estate Inc. (KW) Listed on: 01/22/2020

Co-Listed By

Sara Hallett

eXp Realty LLC License #3288797

Last Buyer's Agent

Matthew Sheehan

Ocean Sotheby's International Realty License #3400684

Ocean Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,144

Year Built

  • Built in 1929

Lot Details

  • 6,449 Sq Ft Lot
  • Fenced
  • Property is zoned HMDR - Historic Medium Density Residential

Parking

  • Off-Street Parking

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 3,445 Sq Ft Home
  • Ceiling Fan
  • Some Wood Windows
  • Blinds
  • French Doors

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Split Bedroom Floorplan
  • 6 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Concrete Pool
  • In Ground Pool

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted To A Wall/Window
  • Propane
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Old Town Unrecord Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00003930-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,144

Year Built

Built in 1929

Lot Details

6,449 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 13143.73
  • Vehicle Storage: Off Street Parking
  • Year Built: 1929
  • Alternate Key Number: 1004090
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s), Ductless
  • Lot Sq Ft: 6449.00
  • Pool Info: Concrete, In Ground
  • Porch Balcony: Deck, Roof Top Deck, Open Porch/Balcony
  • Shutters: Other
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 3445.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Dade County Pine, Split Bedroom, Drapes/Blinds Incl
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Appliances: Dishwasher, Microwave, Washer, Refrigerator, Range, Oven, Dryer, Disposal
  • Floor: Tile, Wood
  • Specialty Rooms: Laundry Room
  • Windows/Doors: French Doors, Wood Windows
  • Total Bedrooms: 6

Exterior Features

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

Utilities

  • Utilities: FKAA, Propane, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00003930-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.15

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2019

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2020
Closed on
Nov 20, 2020
Sold by
306 Elizabeth Llc
Bought by
Lesage Stephen C and Damico Diana
Seller's Agent
Scott Forman
ICAMCO Real Estate Inc. (KW)
Buyer's Agent
Matthew Sheehan
Ocean Sotheby's International Realty
List Price
$2,950,000
Sold Price
$2,375,000
Premium/Discount to List
-$575,000
-19.49%
Current Estimated Value
$3,855,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,480,537
Avg. Annual Appreciation
9.50%

Purchase Details

Closed on
Feb 19, 2015
Sold by
Rust Marina
Bought by
306 Elizabeth Llc

Purchase Details

Closed on
Oct 22, 2014
Sold by
Rust Marina
Bought by
Rust Marina and David E Rust Trust

Purchase Details

Closed on
Mar 9, 2012
Sold by
Simple Breeze Property Management Llc
Bought by
Rust David E

Purchase Details

Closed on
Feb 17, 2012
Bought by
306 Elizabeth Llc

Purchase Details

Closed on
Dec 1, 1980
Bought by
306 Elizabeth Llc

Purchase Details

Closed on
Feb 1, 1973
Bought by
306 Elizabeth Llc
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 Buyer Sale Price Title Company
Lesage Stephen C $2,375,000 Attorney
306 Elizabeth Llc -- None Available
Rust Marina -- Attorney
Rust David E -- None Available
306 Elizabeth Llc $100 --
306 Elizabeth Llc $175,000 --
306 Elizabeth Llc $45,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2020 11/20/20 Sold $2,375,000 0.0% $689 / Sq Ft
08/05/2020 08/05/20 Off Market $2,375,000 -- --
01/22/2020 01/22/20 For Sale $2,950,000 -- $856 / Sq Ft
Source: Florida Keys Board 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 $21,683 $2,572,455 -- --
2024 $21,350 $2,499,957 -- --
2023 $21,350 $2,427,143 $0 $0
2022 $20,449 $2,356,450 $920,337 $1,436,113
2021 $17,881 $1,895,414 $697,814 $1,197,600
2020 $13,833 $1,511,077 $639,483 $871,594
2019 $13,144 $1,481,852 $624,360 $857,492
2018 $11,612 $1,152,160 $594,211 $557,949
2017 $11,867 $1,159,540 $0 $0
2016 $12,855 $1,197,234 $0 $0
2015 $11,219 $998,427 $0 $0
2014 $10,469 $1,028,084 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Scott Forman

    ICAMCO Real Estate Inc. (KW)

  • S

    Seller Co-Listing Agent in 2020

    Sara Hallett

    eXp Realty LLC

    Section Image
  • Matthew Sheehan

    Buyer's Agent in 2020

    Matthew Sheehan

    Ocean Sotheby's International Realty

    (305) 849-9233

    15 in this area

    95 Total Sales

    Matthew Sheehan
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 589341

Florida Keys Board of REALTORS®

APN: 00003930-000000

Florida Monroe County Key West 33040 Old Town

306 Elizabeth St, Key West, FL

Not Listed for Sale

Detached

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