506 Frances St Key West, FL 33040
Old Town NeighborhoodEstimated payment $13,413/month
Total Views
6,049
6
Beds
4
Baths
2,671
Sq Ft
$861
Price per Sq Ft
About This Home
Nestled on one of the most coveted blocks in Key West, this exceptional property in the Historic District is brimming with character and untapped potential. Currently configured as four distinct apartments - (A) 2BR/1BA, (B) 2BR/2BA, (C) Studio/1BA, and (D) 1BR/1BA - totaling 2,671 sq. ft., each unit features its own private outdoor space, a well-appointed kitchen, ample storage, and high ceilings that enhance the home's historic charm. Steeped in history, the home showcases classic Dade County pine walls, intricate crown molding, original spindles, and timeless Key West architecture. While not currently producing as a high-income property due to its setup for professional housing, it presents an incredible investment opportunity with the right vision. Whether reimagined as a high-yield rental, transformed into a grand single-family residence, or curated as a private compound, the possibilities are endless. With top-rated restaurants, vibrant amenities, and beaches just a stroll or bike ride away, this address delivers the quintessential Key West lifestyle - where history, elegance, and opportunity intersect. Seize this moment. The best of Key West awaits.
Map
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$9,841
Year Built
1892
Lot Details
0
Listing Details
- Property Type: Residential
- Style: Multi-Units
- 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
- M L S Identifier: 20060123165453488875000000
- Pets: Pets Allowed
- Property Group I D: 19990816212109142258000000
- Side: Median
- State Province: FL
- Taxes: 10488.38
- Year Built: 1892
- Alternate Key Number: 1007595
- Cooling Heating: Wall/Window Unit(s), Ductless, Ceiling Fans(s)
- Lot Sq Ft: 3883.00
- Porch Balcony: Open Porch/Balcony, Deck, Patio
- License Info: Non Trans Rntl Lic
- Tax Exemptions: None
- Building Style Above Flood: Unknown
- Estimated Living Sq Ft: 2671.00
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: MultiFamily
Interior Features
- Interior Amenities: Pantry, Dade County Pine, Storage
- Total Bathrooms: 4.00
- Full Bathrooms: 4
- Appliances: Washer, Oven, Refrigerator, Dishwasher, Dryer
- Floor: Tile
- Total Bedrooms: 6
Exterior Features
- Dockage: None
- Waterfront: None
- Waterfront: No
- Construction: Frame
- Exterior Features: Shed
- Roof: Metal Roof
- Waterview: No Waterview
- Pool: No
Utilities
- Utilities: FKAA, Water Separate Meter, Cable Available, Elect Separate Meter, Buyer to Verify, Municipal Sewer
Lot Info
- Deed Restrictions: Unknown
- Flood Zone: AE
- Parcel Number: 00007320-000100
- Land Size: Less Than 1/4 Acre
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 | $9,841 | $1,221,321 | -- | -- |
| 2023 | $9,841 | $1,126,357 | $0 | $0 |
| 2022 | $8,771 | $954,227 | $0 | $0 |
| 2021 | $8,193 | $780,836 | $0 | $0 |
| 2020 | $7,840 | $745,021 | $0 | $0 |
| 2019 | $7,732 | $740,165 | $0 | $0 |
| 2018 | $7,673 | $787,947 | $0 | $0 |
| 2017 | $7,395 | $764,990 | $0 | $0 |
| 2016 | $7,299 | $730,783 | $0 | $0 |
| 2015 | $6,802 | $610,463 | $0 | $0 |
| 2014 | $6,369 | $506,927 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/25/2025 03/25/25 | For Sale | $2,300,000 | -- | $861 / Sq Ft |
Source: Key West Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Attorney | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $444,000 | -- | |
| Warranty Deed | $405,000 | -- | |
| Warranty Deed | $260,000 | -- | |
| Warranty Deed | $110,000 | -- | |
| Deed | $67,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $300,000 | Unknown | |
| Previous Owner | $395,200 | Commercial | |
| Previous Owner | $324,000 | Commercial |
Source: Public Records
Similar Homes in Key West, FL
Source: Key West Association of REALTORS®
MLS Number: 614330
APN: 00007320-000100
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