Terrance Sullivan
Ocean Sotheby's International Realty
(888) 612-4007
67 Total Sales
13 in Old Town
$710K - $6.4M Price Range
308 Margaret St Unit 2 Key West, FL 33040
Old Town NeighborhoodEstimated Value: $706,000 - $838,000
1
Bed
1
Bath
420
Sq Ft
871
Sq Ft Lot
Highlights
- Concrete Pool
- Shutters
- 1-minute walk to Dry Tortugas National Park
- Key West Architecture
- 1-Story Property
About This Home
As of January 2026This darling free standing cottage is part of a six unit condominium association. It feels more like a single family home as it is not attached to another property. Inside, the excellent floor plan provides lots of space to comfortably enjoy life in Key West. There is a light filled living / dining room, a well equipped kitchen, a full bath and a primary bedroom with tons of storage and a washer/dryer. The bright interior is fully furnished and creates a relaxed island atmosphere. A back door leads to a small patio where one can dine alfresco or just enjoy the breeze. The pool gets lots of sun and provides a nice place to spend the day. Just outside the compound all of Key West's sought after venues are within an easy walk. The harbour promenade is only a block away and one can easily stroll to Duval, shops, restaurants and entertainment. This charming cottage is in a perfect location for easy access to everything Key West has to offer. Being conveyed fully furnished and equipped, all one has to do is bring their suitcase and start enjoying life at 308 Margaret Street #2.
Last Agent to Sell the Property
Preferred Properties (KW) License #494597 Listed on: 11/01/2025
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Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,806
Year Built
- Built in 1954
Lot Details
- 871
HOA Fees
- $217 Monthly HOA Fees
Home Design
- Key West Architecture
- Frame Construction
- Metal Roof
Interior Spaces
- 420 Sq Ft Home
- 1-Story Property
- Shutters
Kitchen
- Range
- Dishwasher
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Pool
- Concrete Pool
- In Ground Pool
Utilities
- Ductless Heating Or Cooling System
- Public Hookup Available For Sewer
Listing and Financial Details
- Assessor Parcel Number 00003100-000302
Community Details
Overview
- Association fees include common area mnt
- Old Town Unlisted Subdivision
- The community has rules related to deed restrictions
- Rental Restrictions
Pet Policy
- Pets Allowed with Restrictions
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 1, 2025
Closed on
Jan 29, 2026
Sold by
Bought by
Seller's Agent
Laura McChesney
Preferred Properties (KW)
Buyer's Agent
Laura McChesney
Preferred Properties (KW)
List Price
$695,000
Sold Price
$695,000
Views
7
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,244
Avg. Annual Appreciation
18.62%
Original Mortgage
$521,250
Outstanding Balance
$518,732
Interest Rate
6.21%
Mortgage Type
New Conventional
Estimated Equity
$239,512
Purchase Details
Closed on
Mar 1, 2018
Sold by
Bought by
Purchase Details
Closed on
Jan 19, 2011
Sold by
Bought by
Purchase Details
Closed on
Oct 29, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.21%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 24, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.21%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 18, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,800
Interest Rate
6.85%
Mortgage Type
New Conventional
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Old Town, FL
-
Terrance Sullivan
-
Stephanie Herrmann
Stephanie Herrmann
Better Properties Soundview
(253) 499-7078
178 Total Sales
2 in Old Town
$20,000 Price Range
-
Karl Helbig
Karl Helbig
Responds QuicklySUNREAL ESTATE INC
(941) 208-2160
49 Total Sales
2 in Old Town
$681,200 Price Range
-
Chris Remmert
Chris Remmert
CENTURY 21 EXECUTIVE TEAM
(656) 228-8358
33 Total Sales
3 in Old Town
$5,000,000 Price Range
-
Matthew Sheehan
Matthew Sheehan
Ocean Sotheby's International Realty
(877) 719-4071
80 Total Sales
16 in Old Town
$80K - $9.5M Price Range
-
Robin Mitchell
Robin Mitchell
Keller Williams Key West Compass Realty
(877) 743-1378
50 Total Sales
3 in Old Town
$1.2M - $1.4M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $695,000 | None Listed On Document | ||
| -- | Attorney | ||
| -- | None Available | ||
| $198,700 | -- | ||
| $205,000 | -- | ||
| $209,000 | -- | ||
| $390,000 | -- | ||
| $222,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $521,250 | ||
| Previous Owner | $220,000 | ||
| Previous Owner | $220,000 | ||
| Previous Owner | $340,000 | ||
| Previous Owner | $199,800 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/29/2026 01/29/26 | Sold | $695,000 | 0.0% | $1,655 / Sq Ft |
| 01/14/2026 01/14/26 | Pending | -- | -- | -- |
| 11/01/2025 11/01/25 | For Sale | $695,000 | -- | $1,655 / Sq Ft |
Source: Key West Association of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $4,806 | $600,127 | $456,764 | $143,363 |
| 2024 | $4,402 | $662,470 | $525,279 | $137,191 |
| 2023 | $4,402 | $582,865 | $456,764 | $126,101 |
| 2022 | $3,643 | $411,296 | $283,846 | $127,450 |
| 2021 | $3,432 | $348,430 | $239,979 | $108,451 |
| 2020 | $3,302 | $363,330 | $253,741 | $109,589 |
| 2019 | $2,931 | $291,991 | $231,378 | $60,613 |
| 2018 | $2,876 | $304,385 | $242,915 | $61,470 |
| 2017 | $2,738 | $291,311 | $0 | $0 |
| 2016 | $2,725 | $286,528 | $0 | $0 |
| 2015 | $2,624 | $272,445 | $0 | $0 |
| 2014 | $2,523 | $253,960 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Laura McChesney
L
Seller's Agent in 2026
Laura McChesney
Preferred Properties (KW)
(305) 923-6639
19 in this area
37 Total Sales
Map
Source: Key West Association of REALTORS®
MLS Number: 617138
APN: 00003100-000302
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.
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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