308 Peacon Ln Key West, FL 33040
Old Town NeighborhoodEstimated payment $5,820/month
About This Home
Yes - not too good to be true or a misprint! Priced to sell for just $990,000 with this $400,000 price reduction. Rare 2 unit property in Old Town! Enjoy Key West living on one of our most picturesque Old Town lanes. Located in the heart of the historic district and near the seaport, everything you want in Key West is right out your door. Built in the early 1900s, over the years the home was converted into a legal 2-unit property with separate water & electric accounts. The configuration is upstairs (large 1 BR & 1 BA with a sleeping loft) and downstairs (2 BR & 1.5 BA) units, with an exterior staircase. Both units have a front & rear porch, balcony, or deck. For your parking convenience, an off-street spot is in front of the property.Prime location, opportunity & value!
Listing Agent
Coldwell Banker Schmitt Real Estate Co. (KW) License #673105 Listed on: 12/06/2024
Map
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$7,096
Year Built
1923
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
- 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: 28.00
- M L S Identifier: 20060123165453488875000000
- Neighborhood Feature: Other Area Features
- Pets: Pets Allowed
- Property Group I D: 19990816212109142258000000
- Side: Bay/Gulf
- State Province: FL
- Taxes: 7266.00
- Vehicle Storage: Off Street Parking
- Vehicle Storage Cars: 1
- Year Built: 1923
- Alternate Key Number: 8594381
- Cooling Heating: Wall/Window Unit(s), Ceiling Fans(s)
- Lot Sq Ft: 1978.00
- Porch Balcony: Open Porch/Balcony, Deck, Patio
- Tax Exemptions: None
- Building Style Above Flood: Yes
- Estimated Living Sq Ft: 1296.00
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: MultiFamily
Interior Features
- Total Bathrooms: 3.00
- Full Bathrooms: 2
- Floor: Tile, Laminate, Wood
- Half Bathrooms: 1
- Windows/Doors: Double Hung Windows, French Doors
- Appliances Other: YES
- Total Bedrooms: 3
Exterior Features
- Dockage: None
- Waterfront: None
- Waterfront: No
- Construction: Frame
- Exterior Features: Fencing, Storage, Shed
- Roof: Metal Roof
- Waterview: No Waterview
- Pool: No
Utilities
- Utilities: FKAA, Cable Available, Elect Separate Meter, Water Separate Meter, Buyer to Verify, Municipal Sewer
Lot Info
- Deed Restrictions: Unknown
- Parcel Number: 00003620-000100
- Lot Size: 22.5 x 93
- Land Size: Less Than 1/4 Acre
Rental Info
- Rentals Allowed: Yes
Tax Info
- Tax Year: 2024
Multi Family
- Total Units: 2.00
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 |
|---|---|---|---|---|
| 2024 | $7,096 | $912,142 | $659,742 | $252,400 |
| 2023 | $7,096 | $850,872 | $606,381 | $244,491 |
| 2022 | $6,254 | $710,723 | $459,232 | $251,491 |
| 2021 | $5,753 | $559,258 | $348,197 | $211,061 |
| 2020 | $5,499 | $533,065 | $319,091 | $213,974 |
| 2019 | $5,241 | $499,602 | $311,545 | $188,057 |
| 2018 | $5,574 | $545,625 | $354,655 | $190,970 |
| 2017 | $5,385 | $545,654 | $0 | $0 |
| 2016 | $5,263 | $512,724 | $0 | $0 |
| 2015 | $4,714 | $388,334 | $0 | $0 |
| 2014 | $3,421 | $258,531 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/11/2025 06/11/25 | Price Changed | $990,000 | -28.8% | $764 / Sq Ft |
| 05/13/2025 05/13/25 | Price Changed | $1,390,000 | -3.5% | $1,073 / Sq Ft |
| 01/31/2025 01/31/25 | Price Changed | $1,440,000 | -3.4% | $1,111 / Sq Ft |
| 12/06/2024 12/06/24 | For Sale | $1,490,000 | -- | $1,150 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $500,000 | Attorney | |
| Warranty Deed | $570,000 | -- | |
| Warranty Deed | $300,000 | -- | |
| Warranty Deed | $33,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $250,000 | Commercial | |
| Previous Owner | $342,000 | Commercial | |
| Previous Owner | $240,000 | Commercial |
Source: Key West Association of REALTORS®
MLS Number: 612553
APN: 00003620-000100
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.
- 312 William St
- 723 Eaton St
- 709 Eaton St
- 408 William St
- 817 Eaton St Unit 1
- 616 Eaton St
- 314 Simonton St
- 421-423 Simonton St
- 517 Elizabeth St
- 830 Fleming St
- 923 Eaton St
- 522 William St
- 617 Front St Unit A54/Week 49
- 525 Simonton St
- 806 Southard St
- 1025 Elgin Ln
- 1015 Eaton St
- 508 Grinnell St
- 718 Bakers Ln
- 611 Simonton St
- 710 Caroline St
- 726 Eaton St
- 536 Fleming St Unit FL2-ID1297611P
- 922 Eaton St Unit 922A
- 629 Elizabeth St Unit ID1297833P
- 417 Southard St Unit A
- 524 Porter Ln Unit ID1297831P
- 908 Elizabeth St Unit 4
- 844 Olivia St
- 817 Terry Ln Unit ID1297837P
- 1220 Newton St Unit 2
- 709 Emma St Unit 1
- 750 Fort St
- 1130 Duval St Unit ID1297835P
- 1207 William St Unit 3
- 1209 Pearl St Unit Down
- 1209 Pearl St Unit upstairs
- 1505 White St Unit Two bedroom
- 1504 Flagler Ave Unit 1#
- 2005 Fogarty Ave