308 Peacon Ln Key West, FL 33040
Old Town NeighborhoodEstimated payment $6,075/month
Total Views
13,001
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.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, however easily returned to a single family residence. The current 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
Home Details
Home Type
Single Family
Est. Annual Taxes
$7,096
Year Built
1923
Lot Details
0
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: 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: Detached
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
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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 |
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
Similar Homes in Key West, FL
Source: Key West Association of REALTORS®
MLS Number: 612554
APN: 00003620-000100
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