$825,000

Estimated payment $4,972/month

Total Views 2,054
2 Beds
2 Baths
1,464 Sq Ft
$564 Price per Sq Ft

About This Home

Prime redevelopment opportunity in the coveted upper section of Eagle Avenue, now offered with owner financing. This legal duplex is situated on one of the most desirable blocks in Key West, within a well-established residential neighborhood, presenting a compelling opportunity for investors, builders, or end users looking to create value.The main house is ready for a full renovation, offering a blank canvas to reimagine, customize, or redevelop to maximize returns. A City of Key West build-back letter is already in place, preserving valuable redevelopment rights and helping to streamline the process.For those seeking a larger project, this property can be combined with the adjacent vacant, buildable lot at 3705 Eagle Avenue creating a unique opportunity for expansion or future development.Ideally located near schools, shopping, beaches, and just minutes from Old Town, this is a rare chance to invest, renovate, or rebuild in a premier Key West location.

Listing Agent

Terri Spottswood

Truman & Co. (KW) Brokerage Phone: 305-587-3407 License #161619 Listed on: 04/09/2026

Co-Listing Agent

The Spottswood Team

Truman & Co. (KW) Brokerage Phone: 305-587-3407

Map

Property Details

Home Type

Multi-Family

Year Built

1958

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: New Town
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 3.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Median
  • State Province: FL
  • Taxes: 7580.63
  • Vehicle Storage: Off Street Parking
  • Year Built: 1958
  • Alternate Key Number: 1054305
  • Lot Sq Ft: 6000.00
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1464.00
  • Property Condition: Fixer Upper
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Attribution Contact: 305-587-3407
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: No Appliances
  • Total Bedrooms: 2
  • Sq Ft Remarks: Buyer to verify square footage

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: Municipal Sewer, Buyer to Verify

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00053690-000000
  • Lot Size: 50 X 120
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.14

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2025

Multi Family

  • Total Units: 2.00

Range of Values:

--
Value Increase
--
Percent Increase
--
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 $7,175 $830,763 $594,000 $236,763
2024 $6,872 $877,602 $651,600 $226,002
2023 $6,872 $867,539 $655,200 $212,339
2022 $6,077 $732,004 $519,665 $212,339
2021 $5,402 $521,010 $336,685 $184,325
2020 $4,957 $470,995 $286,670 $184,325
2019 $4,988 $470,995 $286,670 $184,325
2018 $4,870 $449,440 $262,272 $187,168
2017 $4,748 $428,104 $0 $0
2016 $3,538 $332,964 $0 $0
2015 $3,360 $293,662 $0 $0
2014 $3,283 $276,673 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2026 04/09/26 For Sale $825,000 -- $564 / Sq Ft
Source: Key West Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed $500,000 Attorney
Quit Claim Deed -- Attorney
Interfamily Deed Transfer -- None Available
Quit Claim Deed $20,000 --
Warranty Deed $110,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $99,000 Commercial
Source: Public Records

Source: Key West Association of REALTORS®

MLS Number: 619418

Key West Association of REALTORS®

APN: 00053690-000000

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