$1,420,555
SOLD FEB 3, 2025
1 Bed
1 Bath
1,064 Sq Ft
3,463 Sq Ft Lot

Recently Sold

$1,335 Per Sq Ft

25% Below List Price

21 Days on Market

Highlights

  • Deck
  • No HOA
  • 4-minute walk to Gato Village Pocket Park

About This Home

As of February 2025

Located in a transient license receiver zone, this delightful 1-bedroom, 1-bathroom Craftsman-style home offers a rare opportunity for short-term rentals in the heart of Old Town Key West. Just steps from the iconic Duval Street, this charming residence perfectly blends historic character with modern convenience.Inside, the open living space is bathed in natural light, with beautiful wood details and an inviting atmosphere. The well-appointed kitchen flows seamlessly into the cozy living and dining areas, offering a perfect spot for relaxation and entertaining.Outside, a spacious covered deck sits centered in a lush tropical backyard--your private sanctuary in the midst of the lively island life. Whether you're seeking a full-time home, a vacation getaway, or a prime investment property, this home delivers both charm and exceptional rental potential.Enjoy the best of Key West, with dining, shopping, and nightlife just a stone's throw away. This is island living at its finest!

Last Agent to Sell the Property

Richard Haskins

Buy The Keys License #3285669 Listed on: 11/26/2024

Co-Listed By

Parker Simpson

Buy The Keys License #3343423

Last Buyer's Agent

Andy Birrell

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3015633

Berkshire Hathaway HomeServices Knight & Gardner Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,596

Year Built

  • Built in 1943

Lot Details

  • 3,463 Sq Ft Lot
  • Property is zoned HRCC - Historic Residential Commercial Core

Home Design

  • 1,064 Sq Ft Home
  • Frame Construction

Kitchen

  • Oven
  • Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Deck

Utilities

  • Cooling System Mounted To A Wall/Window
  • Separate Meters
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Old Town Unlisted Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 00027820-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,596

Year Built

Built in 1943

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-S 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
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 1595.58
  • Year Built: 1943
  • Alternate Key Number: 1028592
  • Cooling Heating: Wall/Window Unit(s)
  • Lot Sq Ft: 3463.00
  • Porch Balcony: Deck
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1064.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Refrigerator, Gas Appliances, Microwave, Oven, Range
  • Total Bedrooms: 1

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Elect Separate Meter, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00027820-000000
  • Lot Size: 3463 SqFt
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.08

Rental Info

  • Rentals Allowed: Yes

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2024
Closed on
Feb 3, 2025
Sold by
Canalejo Elba Cecilia and Clayton Randall
Bought by
512 Amelia Llc
Seller's Agent
Richard Haskins
Buy The Keys
Buyer's Agent
Andy Birrell
Berkshire Hathaway HomeServices Knight & Gardner Realty
List Price
$1,885,000
Sold Price
$1,420,556
Premium/Discount to List
-$464,445
-24.64%
Views
11
Current Estimated Value
$1,368,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$51,718
Avg. Annual Appreciation
-5.16%
Original Mortgage
$1,400,000
Outstanding Balance
$594,755
Interest Rate
6.72%
Mortgage Type
Construction
Estimated Equity
$774,083

Purchase Details

Closed on
Jul 1, 1989
Bought by
Canalejo Elba Cecilia
Source: Public Records

Range of Values:

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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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,420,600 First International Title
Warranty Deed $60,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,400,000 Construction
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/03/2025 02/03/25 Sold $1,420,556 -24.6% $1,335 / Sq Ft
12/17/2024 12/17/24 Pending -- -- --
11/26/2024 11/26/24 For Sale $1,885,000 -- $1,772 / Sq Ft
Source: Marathon and Lower Keys Association of REALTORS®

Tax History Compared to Growth

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
2024 $1,596 $181,642 -- --
2023 $1,596 $176,352 $0 $0
2022 $1,521 $171,216 $0 $0
2021 $1,528 $166,230 $0 $0
2020 $1,500 $163,935 $0 $0
2019 $1,474 $160,250 $0 $0
2018 $1,461 $157,263 $0 $0
2017 $1,448 $154,029 $0 $0
2016 $1,474 $150,861 $0 $0
2015 $1,505 $149,812 $0 $0
2014 $1,534 $148,623 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 612432

APN: 00027820-000000