524 Frances St Key West, FL 33040
Old Town Neighborhood
4
Beds
4
Baths
3,015
Sq Ft
6,534
Sq Ft Lot
About This Home
As of April 2025Welcome to 524 Frances Street, where sophisticated style meets Old Town charm. Rarely does an architectural gem such as this property become available for purchase. This iconic home has been completely and professionally updated, including impact windows and doors. Enter the property through a white picket fence and ascend the front porch steps with views of Frances Street. Just beyond the historic, glass-etched front door is a welcoming foyer; prepare to be awestruck by the style and craftsmanship of the home. Situated on a double lot, this 4 bedroom/3.5 bathroom property is the ultimate Key West escape, with Brazilian Cherry wood floors, crown moulding and top of the line finishes. The first floor offers three bedrooms. Two spacious guest bedrooms, each with Queen-sized bed and custom closets, are adjoined by a shared bathroom with standup shower. Opposite side of these guest bedrooms is a formal living room with double sliding pocket doors leading into a formal dining room with access to a side porch. Beyond the dining room is a gourmet kitchen that overlooks an additional living room with wall-to-wall glass doors. A hallway leads to a separate wing inviting you to one of two Primary Suites at this property (the second Primary Suite is upstairs). With a King-sized four-posted bed, and ensuite bathroom with dual headed shower and soaking tub. Upstairs is the second Primary Suite with open-concept layout, no need to ever leave this room, as the second floor is only for this room. A beautiful soaking tub to just let all your trouble slip away, with a double stand-up shower. A wet bar with wine fridge serves as the perfect coffee bar for your morning cup, or an evening drink on your private sundeck overlooking the backyard. The private backyard offers a huge in-ground lap pool, outdoor shower, Ipe wood decking, & outdoor dining gazebo with built-in Wolf grill. This home comes with two brick-paved, gated driveways. Offered turn key with a very small exclusion list.
Last Agent to Sell the Property
RE/MAX Keys Connection (KW) License #3428120 Listed on: 06/07/2024
Home Details
Home Type
Single Family
Est. Annual Taxes
$24,197
Year Built
1938
Lot Details
0
Listing Details
- Property Type: Residential
- Style: Single Family
- As Is Right To Inspect: Yes
- First Right of Refusal: No
- Mandatory HOA: No
- Document Count: 1
- Fee Includes: None
- Financial Status Bank Owned: No
- Financial Status Potential Short Sale: No
- Key Island: Key West
- K W Neighborhood: Old Town-N of Truman
- Limited Representation: No
- Marathon Neighborhood: N/A
- Mile Marker: 1.00
- Min Rental Days: 30.00
- M L S Identifier: 20060123165453488875000000
- Pets: Pets Allowed
- Property Group I D: 19990816212109142258000000
- Sale Terms: Cash
- Side: Median
- State Province: FL
- Taxes: 24196.87
- Title: Negotiable
- Vehicle Storage: Off Street Parking
- Vehicle Storage Cars: 2
- Year Built: 1938
- Alternate Key Number: 1007471
- Building Style: Conch
- Cooling Heating: Central Air, Ceiling Fans(s)
- Lot Sq Ft: 6643.00
- Pool Info: In Ground
- Shutters: Panel
- Tax Exemptions: Homestead
- Building Style Above Flood: Unknown
- Estimated Living Sq Ft: 3015.00
- Property Condition: Updated/Remodeled
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: Detached
Interior Features
- Interior Amenities: Entrance Foyer, Bar, Walk-in Closet(s), Storage, Security System, Dade County Pine
- Total Bathrooms: 4.00
- Full Bathrooms: 3
- Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Gas Appliances, Microwave, Oven, Refrigerator, Dishwasher, Dryer
- Floor: Wood
- Half Bathrooms: 1
- Windows/Doors: Glass Doors, Impact Rstnce Window, Impact Rstnce Doors
- Total Bedrooms: 4
- Accessibility Features: Parking
Exterior Features
- Dockage: None
- Waterfront: None
- Waterfront: No
- Construction: Frame
- Exterior Features: Built-in Grill, Outdoor Shower, Gazebo
- Roof: Metal Roof
- Waterview: No Waterview
- Pool: Yes
Utilities
- Utilities: Buyer to Verify
Lot Info
- Deed Restrictions: Unknown
- Flood Zone: AE
- Parcel Number: 00007210-000000
- Land Size: Less Than 1/4 Acre
- Acres: 0.15
Rental Info
- Rentals Allowed: With Restrictions
- Furnished: Furnished
Tax Info
- Tax Year: 2023
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 7, 2024
Closed on
Apr 14, 2025
Sold by
Gonzalez Khant Dixan and Dixan Gonzalez Khant Revocable Living Tr
Bought by
Pedersen Margaret
Seller's Agent
Bobby Coe
RE/MAX Keys Connection (KW)
Buyer's Agent
Bernice Schafer
Real Broker LLC
List Price
$5,200,000
Sold Price
$4,500,000
Premium/Discount to List
-$700,000
-13.46%
Views
1139
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$128,459
Avg. Annual Appreciation
-7.34%
Purchase Details
Listed on
Nov 11, 2020
Closed on
Jan 14, 2021
Sold by
Klein Richard B and Klein Norma L
Bought by
Khant Dixan Gonzalez and Dixan Gonzalez Khant Rlt
Seller's Agent
Scott Forman
Royal Palms Realty (KW)
Buyer's Agent
Creative Technology
List Price
$2,985,000
Sold Price
$2,800,000
Premium/Discount to List
-$185,000
-6.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.81%
Purchase Details
Closed on
Apr 21, 2006
Sold by
Hartwig Bruce A
Bought by
Klein Richard B and Klein Norma L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.31%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Dec 27, 1996
Sold by
Lieb Robert M and Lieb Donna Lieb
Bought by
Hartwig Bruce A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
7.57%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 16, 1994
Sold by
Kaufelt David A and Kaufelt Lynn H
Bought by
Lieb Robert M and Lieb Donna
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,000
Interest Rate
6.97%
Purchase Details
Closed on
May 1, 1988
Bought by
Klein Richard P Living Trust 09/18/2002
Purchase Details
Closed on
Apr 1, 1986
Bought by
Klein Richard P Living Trust 09/18/2002
Similar Homes in Key West, FL
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $4,500,000 | None Listed On Document | |
| Warranty Deed | $4,500,000 | None Listed On Document | |
| Warranty Deed | $2,800,000 | Stewart Title Guaranty Co | |
| Warranty Deed | $2,800,000 | None Available | |
| Warranty Deed | $550,000 | -- | |
| Deed | $460,000 | -- | |
| Warranty Deed | $220,000 | -- | |
| Warranty Deed | $130,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,000,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $1,500,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $200,000 | Stand Alone Second | |
| Previous Owner | $790,000 | Unknown | |
| Previous Owner | $440,000 | New Conventional | |
| Previous Owner | $239,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/14/2025 04/14/25 | Sold | $4,500,000 | -9.9% | $1,493 / Sq Ft |
| 03/26/2025 03/26/25 | Pending | -- | -- | -- |
| 01/02/2025 01/02/25 | Price Changed | $4,995,000 | -3.9% | $1,657 / Sq Ft |
| 11/13/2024 11/13/24 | For Sale | $5,200,000 | +15.6% | $1,725 / Sq Ft |
| 11/07/2024 11/07/24 | Off Market | $4,500,000 | -- | -- |
| 06/07/2024 06/07/24 | For Sale | $5,200,000 | +85.7% | $1,725 / Sq Ft |
| 01/14/2021 01/14/21 | Sold | $2,800,000 | -6.2% | $993 / Sq Ft |
| 12/21/2020 12/21/20 | Pending | -- | -- | -- |
| 11/11/2020 11/11/20 | For Sale | $2,985,000 | -- | $1,059 / Sq Ft |
Source: Key West Association of REALTORS®
Tax History Compared to Growth
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 | $24,197 | $3,227,533 | $1,815,930 | $1,411,603 |
| 2023 | $24,197 | $2,911,528 | $1,556,671 | $1,354,857 |
| 2022 | $21,446 | $2,544,484 | $1,179,465 | $1,365,019 |
| 2021 | $20,962 | $2,344,961 | $872,359 | $1,472,602 |
| 2020 | $9,696 | $1,102,262 | $0 | $0 |
| 2019 | $9,559 | $1,077,480 | $0 | $0 |
| 2018 | $9,571 | $1,057,390 | $0 | $0 |
| 2017 | $9,535 | $1,035,642 | $0 | $0 |
| 2016 | $9,865 | $1,014,341 | $0 | $0 |
| 2015 | $10,056 | $1,007,290 | $0 | $0 |
| 2014 | $10,376 | $999,296 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Bobby Coe
Seller's Agent in 2025
Bobby Coe
RE/MAX
(305) 363-9665
40 in this area
131 Total Sales
-
Bernice Schafer
Buyer's Agent in 2025
Bernice Schafer
Real Broker LLC
(305) 509-0469
25 in this area
78 Total Sales
-
Scott Forman
Seller's Agent in 2021
Scott Forman
Royal Palms Realty (KW)
(305) 923-9884
27 in this area
65 Total Sales
-
S
Seller Co-Listing Agent in 2021
Sara Hallett
eXp Realty LLC
-
o
Buyer's Agent in 2021
outside of mls
Outside Of MLS
Map
Source: Key West Association of REALTORS®
MLS Number: 610327
APN: 00007210-000000
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