$930,000
SOLD MAR 13, 2026

3707 Paula Ave Key West, FL 33040

New Town Neighborhood
3 Beds
3 Baths
1,552 Sq Ft
5,663 Sq Ft Lot

Sale Details

Date Sold: March 13, 2026

$599 Per Sq Ft

2% Below List Price

27 Days on Market

About This Home

As of March 2026

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.

Last Agent to Sell the Property

Cardenas & Krug Team

Coastal Collection Real Estate Inc. License #00000 Listed on: 01/07/2026

Last Buyer's Agent

Matthew Sheehan

Ocean Sotheby's International Realty License #3400684

Ocean Sotheby's International Realty

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

5,663 Sq Ft Lot

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2026
Closed on
Mar 15, 2026
Sold by
Jiri Fliegel
Bought by
Powell Russell and Powell Shannon
Seller's Agent
Cardenas & Krug Team
Coastal Collection Real Estate Inc.
Buyer's Agent
Matthew Sheehan
Ocean Sotheby's International Realty
List Price
$950,000
Sold Price
$930,000
Premium/Discount to List
-$20,000
-2.11%
Views
496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
110.79%
Original Mortgage
$558,000
Outstanding Balance
$558,000
Interest Rate
6.1%
Mortgage Type
New Conventional
Estimated Equity
$414,555

Purchase Details

Listed on
Oct 31, 2018
Closed on
May 30, 2019
Sold by
Hudgins Shawn W
Bought by
Jiri Fliegel
Seller's Agent
Jenny Perry
Preferred Properties (KW)
Buyer's Agent
Matthew Sheehan
Ocean Sotheby's International Realty
List Price
$720,000
Sold Price
$650,000
Premium/Discount to List
-$70,000
-9.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.41%

Purchase Details

Closed on
Oct 30, 2002
Sold by
Frazier Rufus J and Frazier Nancy M
Bought by
Hudgins Shawn W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,500
Interest Rate
6.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 14, 2002
Sold by
Mary T Moreno I
Bought by
Frazier Rufus J and Frazier Nancy M

Purchase Details

Closed on
Dec 15, 2000
Sold by
Laessig Martin
Bought by
Moreno Mary T and Frazier Rufus J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,900
Interest Rate
7.79%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 1996
Sold by
Laessig Beatrice and Laessig Martin
Bought by
Laessig Martin

Purchase Details

Closed on
Apr 1, 1990
Bought by
Hudgins Shawn W

Purchase Details

Closed on
Nov 1, 1982
Bought by
Hudgins Shawn W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $930,000 None Listed On Document
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
Open $558,000 New Conventional
Previous Owner $332,500 Commercial
Previous Owner $229,900 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/13/2026 03/13/26 Sold $930,000 -2.1% $599 / Sq Ft
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®

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

Agents Affiliated with this Home

  • Cardenas & Krug Team

    Seller's Agent in 2026

    Cardenas & Krug Team

    Coastal Collection Real Estate Inc.

    (305) 848-1616

    5 in this area

    26 Total Sales

    Cardenas & Krug Team
    Section Image
  • Matthew Sheehan

    Buyer's Agent in 2026

    Matthew Sheehan

    Ocean Sotheby's International Realty

    (305) 849-9233

    12 in this area

    91 Total Sales

    Matthew Sheehan
    Section Image
  • Irina Pytlik

    Seller's Agent in 2025

    Irina Pytlik

    Keys Top Realty LLC

    (305) 987-7775

    5 in this area

    12 Total Sales

    Irina Pytlik
    Section Image
  • Yulia Vakhtenko

    Seller Co-Listing Agent in 2025

    Yulia Vakhtenko

    Keys Top Realty LLC

    (305) 879-0731

    1 in this area

    1 Total Sale

    Yulia Vakhtenko
    Section Image
  • Jenny Perry

    Seller's Agent in 2019

    Jenny Perry

    Preferred Properties (KW)

    (305) 395-2540

    15 in this area

    89 Total Sales

    Jenny Perry
    Section Image

  • L

    Seller Co-Listing Agent in 2019

    Laura McChesney

    Preferred Properties Cri (Br)

    (305) 923-6639

    9 in this area

    36 Total Sales

    Laura McChesney
    Section Image
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Map

Source: Key West Association of REALTORS®

MLS Number: 617985

Key West Association of REALTORS®

APN: 00054850-000000

Florida Monroe County Key West 33040 New Town

3707 Paula Ave, Key West, FL

Sold

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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