$1,400,000
OPEN SAT 10AM - 12PM

31 Coral Way Key West, FL 33040

Estimated payment $7,866/month

Total Views 892
3 Beds
3 Baths
1,392 Sq Ft
$1,006 Price per Sq Ft

About This Home

Active nightly vacation rental located just minutes from Old Town Key West; this beautifully maintained 3-bedroom, 3-bathroom home offers the perfect blend of resort-style amenities and island living.This home features an open-concept floor plan with vaulted ceilings, abundant natural light, and a well-appointed kitchen complete with brand new stainless steel appliances and granite countertops. The spacious living and dining areas flow seamlessly to a private covered porchEach of the three bedrooms includes its own full bath, offering privacy and flexibility for guests or vacation rentals. The primary suite opens to a private balcony, creating a serene retreat after a day on the water.Outside, enjoy lush tropical landscaping, two dedicated parking spaces, and access to Coral Hammock's heated resort pool, clubhouse, and fitness center. The property is licensed for transient rentals, making it an excellent income-producing investment or vacation getaway.Conveniently located near the Key West Golf Club, Hogfish Bar & Grill, Hurricane Hole Marina, and some of the best dining and boating spots in the Keys, 31 Coral Way combines comfort, convenience, and the carefree charm of island living.Buyer pays 2 mos of HOA dues ($880 total) at closing as working capital contribution.

Listing Agent

Krystal Thomas

eXp Realty LLC License #3293981 Listed on: 12/05/2025

eXp Realty LLC

Open House Schedule

Home Details

Home Type

  • Single Family

Year Built

  • 2004

Interior Spaces

  • Vaulted Ceiling

Home Details

Home Type

Single Family

Year Built

2004

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 440.00
  • Mandatory HOA: Yes
  • Fee Includes: Common Area Mnt, Security
  • Key Island: Stock Island
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 5.00
  • Min Rental Days: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool, Clubhouse
  • Off Shore Island: No
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Side: Median
  • State Province: FL
  • Taxes: 6023.94
  • Title: Title Ins - Buyer
  • Vehicle Storage: Open Parking
  • Year Built: 2004
  • Alternate Key Number: 9071316
  • Cooling Heating: Central Air
  • Lot Sq Ft: 1120.00
  • Pool Info: In Ground
  • Porch Balcony: Open Porch/Balcony
  • Shutters: Panel
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 1392.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: OpenHouse
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Walk-in Closet(s), Quartz Countertops
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Refrigerator, Dishwasher, Dryer
  • Floor: Vinyl
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Hardi Board Siding
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: Buyer to Verify
  • Heating: None

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00124100-000116
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.03

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2024

Map

Range of Values:

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Value Increase
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Percent Increase
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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

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 $6,024 $907,672 $575,680 $331,992
2024 $5,649 $708,118 $380,800 $327,318
2023 $5,649 $710,170 $399,000 $311,170
2022 $4,887 $544,089 $229,600 $314,489
2021 $4,659 $465,554 $199,360 $266,194
2020 $4,751 $471,223 $202,160 $269,063
2019 $4,964 $492,571 $220,640 $271,931
2018 $4,656 $474,118 $192,640 $281,478
2017 $4,161 $410,342 $0 $0
2016 $3,927 $374,096 $0 $0
2015 $3,761 $346,463 $0 $0
2014 $3,521 $294,974 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/05/2025 12/05/25 For Sale $1,400,000 +133.3% $1,006 / Sq Ft
06/22/2018 06/22/18 Sold $600,000 0.0% $423 / Sq Ft View Prior Sale
06/22/2018 06/22/18 Pending -- -- --
06/22/2018 06/22/18 For Sale $600,000 -- $423 / Sq Ft
Source: Key West Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $600,000 None Listed On Document
Warranty Deed $600,000 None Listed On Document
Warranty Deed $367,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $480,000 New Conventional
Previous Owner $480,000 New Conventional
Source: Public Records

Source: Key West Association of REALTORS®

MLS Number: 617616

Key West Association of REALTORS®

APN: 00124100-000116

Florida Monroe County Key West 33040

31 Coral Way, Key West, FL

For Sale

Detached

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Key West Association of REALTORS® 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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Krystal Thomas
Listing Agent
Krystal Thomas
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eXp Realty LLC
(305) 676-9221