3707 Paula Ave Key West, FL 33040
New Town NeighborhoodEstimated payment $5,524/month
Total Views
68,465
3
Beds
3
Baths
1,552
Sq Ft
$612
Price per Sq Ft
About This Home
Opportunities like this don't come around often. Discover the perfect blend of an income-producing legal duplex and the privacy of a beautifully renovated primary home in New Town, Key West. The primary home offers 2 bedrooms and 2 baths, featuring many upscale touches throughout, including a gorgeous, renovated gourmet kitchen ideal for entertaining or everyday living. The very spacious primary suite includes a luxurious ensuite bath and opens directly to a private backyard oasis, completely separate from the rental unit. The detached 1-bedroom, 1-bathroom cottage has a full kitchen and a washer and dryer. It also features its own outdoor living spaces. The cottage provides excellent income potential or a comfortable space for guests and family. Enjoy quiet island living while generating additional income--3707 Paula Ave truly delivers the best of both worlds.
Listing Agent
Coastal Collection Real Estate Inc. License #00000 Listed on: 01/07/2026
Map
Property Details
Home Type
Multi-Family
Year Built
1963
Lot Details
0
Listing Details
- Property Type: Residential
- Style: Duplex
- First Right of Refusal: No
- Mandatory HOA: No
- Fee Includes: None
- Key Island: Key West
- K W Neighborhood: New Town
- Limited Representation: No
- Marathon Neighborhood: N/A
- Mile Marker: 4.00
- M L S Identifier: 20060123165453488875000000
- Pets: Pets Allowed
- Property Group I D: 19990816212109142258000000
- Side: Median
- State Province: FL
- Taxes: 7595.02
- Vehicle Storage: Off Street Parking, Covered Parking
- Year Built: 1963
- Alternate Key Number: 1055441
- Cooling Heating: Central Air
- Lot Sq Ft: 5500.00
- Porch Balcony: Deck
- Shutters: Panel
- Tax Exemptions: None
- Building Style Above Flood: Unknown
- Estimated Living Sq Ft: 1552.00
- Property Condition: Updated/Remodeled
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: MultiFamily
Interior Features
- Total Bathrooms: 3.00
- Full Bathrooms: 3
- Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Refrigerator, Dishwasher, Dryer
- Floor: Tile
- Specialty Rooms: Laundry Room
- Total Bedrooms: 3
Exterior Features
- Dockage: None
- Waterfront: None
- Waterfront: No
- Construction: CBS
- Exterior Features: Outdoor Shower, Storage
- Roof: Metal Roof
- Waterview: No Waterview
- Pool: No
Utilities
- Utilities: FKAA, Elect Separate Meter, Water Separate Meter, Municipal Sewer
Lot Info
- Deed Restrictions: Unknown
- Flood Zone: AE,AE
- Parcel Number: 00054850-000000
- Land Size: Less Than 1/4 Acre
- Acres: 0.13
Rental Info
- Rentals Allowed: With Restrictions
- Furnished: Unfurnished
Tax Info
- Tax Year: 2025
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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 |
|---|---|---|---|---|
| 2025 | $7,083 | $818,190 | $458,288 | $359,902 |
| 2024 | $6,758 | $828,945 | $502,728 | $326,217 |
| 2023 | $6,758 | $812,809 | $505,505 | $307,304 |
| 2022 | $6,037 | $705,193 | $394,405 | $310,788 |
| 2021 | $5,451 | $524,754 | $255,530 | $269,224 |
| 2020 | $5,526 | $536,200 | $261,085 | $275,115 |
| 2019 | $5,439 | $531,730 | $261,085 | $270,645 |
| 2018 | $3,678 | $357,809 | $0 | $0 |
| 2017 | $3,231 | $348,366 | $0 | $0 |
| 2016 | $3,404 | $355,086 | $0 | $0 |
| 2015 | $3,348 | $334,667 | $0 | $0 |
| 2014 | $3,366 | $325,413 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/07/2026 01/07/26 | For Sale | $950,000 | 0.0% | $612 / Sq Ft | |
| 04/22/2025 04/22/25 | Rented | $4,750 | -5.0% | -- | |
| 04/08/2025 04/08/25 | For Rent | $5,000 | 0.0% | -- | |
| 05/28/2019 05/28/19 | Sold | $650,000 | -9.7% | $442 / Sq Ft | View Prior Sale |
| 05/14/2019 05/14/19 | Pending | -- | -- | -- | |
| 10/31/2018 10/31/18 | For Sale | $720,000 | -- | $489 / Sq Ft |
Source: Key West Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $650,000 | None Listed On Document | |
| Warranty Deed | $350,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $255,500 | -- | |
| Quit Claim Deed | $100 | -- | |
| Warranty Deed | $140,000 | -- | |
| Warranty Deed | $70,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $332,500 | Commercial | |
| Previous Owner | $229,900 | Commercial |
Source: Public Records
About the Listing Agent
Cardenas &'s Other Listings
Source: Key West Association of REALTORS®
MLS Number: 617985
APN: 00054850-000000
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