318 Margaret St Key West, FL 33040
Old Town NeighborhoodEstimated payment $9,469/month
Total Views
1,076
2
Beds
2
Baths
1,463
Sq Ft
$1,087
Price per Sq Ft
About This Home
Historic charm meets modern comfort in this beautifully preserved 1930 Conch cottage nestled in Key West's sought-after Historic Seaport district. This two-story, 2-bedroom, 2-bath home (approximately 1,463 sq ft) boasts classic Key West architecture - wood siding and a metal roof - along with inviting outdoor spaces including an open front porch and a private backyard oasis. Inside, airy living spaces feature hardwood and tile floors, a modern kitchen with granite countertops and stainless-steel appliances, and a flexible layout with a bedroom suite on each level for optimal privacy. The tropical back patio is ideal for relaxing or entertaining, complete with a heated swimming pool (plus a cascading waterfall), an outdoor shower, and lush landscaping behind a privacy fence. Practical comforts include a whole-house generator and a spacious storage shed, plus the coveted benefit of off-street parking - a rarity in Old Town. From this prime Old Town location, you can stroll to the Historic Seaport marina, local restaurants, boutiques, and the vibrant Duval Street nightlife. Whether you're seeking a personal island retreat or a high-demand vacation rental, this unique property delivers an inviting blend of timeless island charm and excellent investment potential. Please note that pictures were taken before furniture and art were removed. Property is unfurnished.
Map
Home Details
Home Type
Single Family
Est. Annual Taxes
$6,828
Year Built
1930
Lot Details
0
Listing Details
- Property Type: Residential
- Style: Single Family
- 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: 29.00
- M L S Identifier: 20060123165453488875000000
- Pets: Pets Allowed
- Property Group I D: 19990816212109142258000000
- Side: Bay/Gulf
- State Province: FL
- Taxes: 6941.66
- Vehicle Storage: Off Street Parking
- Vehicle Storage Cars: 1
- Year Built: 1930
- Alternate Key Number: 1003131
- Building Style: Conch
- Cooling Heating: Central Air, Ceiling Fans(s)
- Lot Sq Ft: 2889.00
- Pool Info: In Ground
- Pool Info Heated: Yes
- Porch Balcony: Open Porch/Balcony, Deck
- Shutters: Accordion
- Tax Exemptions: Homestead
- Building Style Above Flood: Unknown
- Building Style Stories: 2 Stories
- Estimated Living Sq Ft: 1463.00
- Pre Wired: Cable
- Property Condition: Updated/Remodeled
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: Detached
- Stories: 2
Interior Features
- Interior Amenities: Drapes/Blinds Incl, Security System, Storage, Cathedral Ceilings
- Total Bathrooms: 2.00
- Full Bathrooms: 2
- Appliances: Washer, Wine Cooler, Microwave, Oven, Refrigerator, Dishwasher, Dryer
- Floor: Tile, Laminate, Wood
- Total Bedrooms: 2
Exterior Features
- Dockage: None
- Waterfront: None
- Waterfront: No
- Construction: Frame
- Exterior Features: Fencing, Shed, Privacy Wall/Fence, Outdoor Shower
- Roof: Metal Roof
- Waterview: No Waterview
- Pool: Yes
Utilities
- Utilities: FKAA, Cable Available, Municipal Sewer
Lot Info
- Deed Restrictions: Unknown
- Flood Zone: AE
- Parcel Number: 00003040-000000
- Land Size: Less Than 1/4 Acre
- Acres: 0.07
Rental Info
- Rentals Allowed: With Restrictions
- Furnished: Unfurnished
Tax Info
- Tax Year: 2024
Create a Home Valuation Report for This Property
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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 | $6,828 | $826,116 | -- | -- |
| 2023 | $6,828 | $802,055 | $0 | $0 |
| 2022 | $6,535 | $778,695 | $0 | $0 |
| 2021 | $6,692 | $756,015 | $0 | $0 |
| 2020 | $6,581 | $745,577 | $573,149 | $172,428 |
| 2019 | $6,506 | $731,143 | $0 | $0 |
| 2018 | $6,509 | $717,511 | $531,894 | $185,617 |
| 2017 | $6,374 | $691,001 | $0 | $0 |
| 2016 | $6,117 | $618,608 | $0 | $0 |
| 2015 | -- | $531,307 | $0 | $0 |
| 2014 | -- | $505,051 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/19/2025 05/19/25 | For Sale | $1,590,000 | -- | $1,087 / Sq Ft |
Source: Key West Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $735,000 | First American Title Ins Co | |
| Quit Claim Deed | $200 | -- | |
| Quit Claim Deed | $100 | -- | |
| Quit Claim Deed | $100 | -- | |
| Quit Claim Deed | $100 | -- | |
| Quit Claim Deed | $100 | -- | |
| Quit Claim Deed | $159,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $70,000 | Credit Line Revolving | |
| Previous Owner | $37,500 | New Conventional | |
| Previous Owner | $150,000 | New Conventional |
Source: Public Records
Similar Homes in Key West, FL
Source: Key West Association of REALTORS®
MLS Number: 615096
APN: 00003040-000000
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