$990,000
$500K PRICE DROP

Estimated payment $6,059/month

Total Views 14,303
3 Beds
3 Baths
1,296 Sq Ft
$764 Price per Sq Ft

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

Vic Musmanno

Coldwell Banker Schmitt Real Estate Co. (KW) License #673105 Listed on: 12/06/2024

Coldwell Banker Schmitt Real Estate Co. (KW)

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

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 $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
Source: Public Records

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
Source: Key West Association of REALTORS®

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 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $250,000 Commercial
Previous Owner $625,000 Commercial
Previous Owner $342,000 Commercial
Previous Owner $240,000 Commercial
Source: Public Records

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Source: Key West Association of REALTORS®

MLS Number: 612553

Key West Association of REALTORS®

APN: 00003620-000100