NOT LISTED FOR SALE

618 Ashe St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $726,000 - $1,096,000

2 Beds
3 Baths
1,323 Sq Ft
$688/Sq Ft Est. Value

Sale Details

Date Sold: April 30, 2025

Last sale price $900,000 $680 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,533 / mo

95 Days on Market

Highlights

  • Fruit Trees
  • No HOA
  • French Doors
  • Deck
  • Balcony
  • Ceiling Fan

About This Home

As of April 2025

This unique property is a rare multi unit in the heart of historic Old Town Key West. The charming front area has a wide porch nestled behind tropical foliage on a quiet street. An outside staircase on the left leads up to a cozy space on the second floor, with a treetop view of a mango tree. A walkway on the right leads to the secluded rear space, with three doors opening to a wrap-around deck facing a beautiful, tree shaded garden, with room for a pool. The garden space offers a peaceful retreat, perfect for relaxation and outdoor gatherings. This property is in an elegant, tranquil neighborhood, a fifteen-minute walk (or five-minute bike ride) from the lively, restaurants, galleries, shops and vibrant attractions centered around Duval street, and Mallory Square's world-famous Sunset Celebration. This exceptional multi unit is ideal for a large family or an investor seeking multiple units. The property has been rented ''as is'' for many years with month-long or longer leases. For the buyer, there is a great opportunity to multiply the value (and potential revenues) of the property with judicious renovations. Property located in the X flood zone.

Last Agent to Sell the Property

Richard Lively

Coldwell Banker Schmitt Real Estate Co. (KW) License #3025597 Listed on: 12/30/2024

Coldwell Banker Schmitt Real Estate Co. (KW)

Co-Listed By

Louis Paez

Coldwell Banker Schmitt Real Estate Co. (KW) License #3029661

Last Buyer's Agent

Paul Hayes

Beach Club Brokers (KW) License #628611

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,543

Year Built

  • Built in 1938

Lot Details

  • 3,049 Sq Ft Lot
  • Fruit Trees

Parking

  • Open Parking

Home Design

  • Fixer Upper
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,323 Sq Ft Home
  • Ceiling Fan
  • French Doors

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Balcony
  • Deck

Utilities

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

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00010500-000000

Community Details

Overview

  • No Home Owners Association
  • Old Town Unrecord Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,543

Year Built

Built in 1938

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: 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
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 7542.73
  • Title: Negotiable
  • Vehicle Storage: Open Parking
  • Year Built: 1938
  • Alternate Key Number: 1010791
  • Cooling Heating: Wall/Window Unit(s), Ceiling Fans(s)
  • Lot Sq Ft: 3049.00
  • Porch Balcony: Open Porch/Balcony, Deck
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1323.00
  • Financial Status Auction: No
  • Property Condition: Fixer Upper
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Floor: Other
  • Windows/Doors: French Doors
  • Appliances Other: YES
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fruit Tree(s)
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00010500-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.07

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 30, 2024
Closed on
Apr 30, 2025
Sold by
Bergery Benjamin
Bought by
Huff Terry
Seller's Agent
Richard Lively
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Paul Hayes
Beach Club Brokers (KW)
List Price
$1,199,000
Sold Price
$900,000
Premium/Discount to List
-$299,000
-24.94%
Views
42
Current Estimated Value
$910,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,667
Avg. Annual Appreciation
1.16%

Purchase Details

Closed on
Oct 9, 2003
Sold by
Bergery Theodora
Bought by
Bergery Benjamin

Purchase Details

Closed on
Jan 14, 2000
Sold by
Strahan Carol
Bought by
Bergery Benjamin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
7.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 1, 1985
Bought by
Bergery Benjamin

Purchase Details

Closed on
May 1, 1983
Bought by
Bergery Benjamin

Purchase Details

Closed on
Dec 1, 1980
Bought by
Bergery Benjamin
Source: Public Records
Create a Home Valuation Report for This Property
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Huff Terry $900,000 None Listed On Document
Bergery Benjamin $3,300 --
Bergery Benjamin $315,000 --
Bergery Benjamin $78,000 --
Bergery Benjamin $80,000 --
Bergery Benjamin $72,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner Bergery Benjamin $253,000
Previous Owner Bergery Benjamin $107,000
Previous Owner Bergery Benjamin $252,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2025 04/30/25 Sold $900,000 -24.9% $680 / Sq Ft
04/04/2025 04/04/25 Pending -- -- --
12/30/2024 12/30/24 For Sale $1,199,000 -- $906 / Sq Ft
Source: Marathon and Lower Keys 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 $8,056 $1,127,442 $942,324 $185,118
2024 $7,543 $1,123,809 $942,324 $181,485
2023 $7,543 $1,042,747 $866,107 $176,640
2022 $6,534 $837,668 $655,931 $181,737
2021 $5,969 $652,472 $497,338 $155,134
2020 $5,554 $613,191 $455,765 $157,426
2019 $5,251 $586,212 $444,986 $141,226
2018 $5,293 $645,478 $501,957 $143,521
2017 $5,151 $647,771 $0 $0
2016 $5,088 $623,616 $0 $0
2015 $4,410 $451,062 $0 $0
2014 $3,907 $326,979 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Richard Lively

    Seller's Agent in 2025

    Richard Lively

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 797-7233

    9 in this area

    64 Total Sales

    Richard Lively
    Section Image
  • Louis Paez

    Seller Co-Listing Agent in 2025

    Louis Paez

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 395-1081

    3 in this area

    35 Total Sales

    Louis Paez
    Section Image

  • P

    Buyer's Agent in 2025

    Paul Hayes

    Beach Club Brokers (KW)

    (305) 294-8433

    7 in this area

    21 Total Sales

    Paul Hayes
    Section Image
See All Agents

Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 612893

APN: 00010500-000000

Florida Monroe County Key West 33040 Old Town

618 Ashe St, Key West, FL

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.

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.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.