NOT LISTED FOR SALE

700 Elizabeth St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,558,147 - $2,144,000

5 Beds
2 Baths
2,588 Sq Ft
$676/Sq Ft Est. Value

Last Sold July 26, 2023

Last sale price $1,600,000 $618 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $10,554/month

1 Day on Market

About This Home

As of July 2023

Step into the rich history of Key West with this 2-story property perched atop the highest point in Key West, Solaris Hill. Located at the corner of Elizabeth and Angela Streets in the heart of Old Town, this rare gem offers charming balcony porches that overlook the vibrant town below. Totaling of 5 bedrooms and 2 baths, the property is currently divided into 2 units, providing versatility for various living arrangements. It features a spacious 3-bedroom, 1-bath unit, as well as a comfortable 2-bedroom, 1-bath unit, making it perfect for 2 families or families with in-laws or adult children seeking their own space, or even as a home and income opportunity. Inside, you'll be greeted by tall ceilings, Pine walls & a mix of hardwood, bamboo, and tile flooring, giving the home a timeless appeal. The potential of this residence is boundless with an enormous attic space and all just waiting for your creative vision to bring it back to its full glory. In addition to the main house, the backyard has two separate buildings, providing storage for all your belongings, as well as space for your all your equipment and tools. You'll also find the convenience of TWO off-street parking spaces, ensuring you never have to worry about finding a spot. Ideally situated just two blocks off Duval Street, it offers a walkable lifestyle to all the galleries, shops, and fine restaurants that Key West has to offer. Licensed for 2 units with 2 water meters and 2 electric meters, it falls within the highly desirable flood zone X providing you with the best in location and peace of mind. Don't miss out on owning a piece of Key West's history!

Last Listed By

Terri Spottswood

Truman & Co. (KW) Brokerage Phone: 305-587-3407 License #161619 Listed on: 07/10/2023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,065

Year Built

1923

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Document Count: 2
  • 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
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 7741.13
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1923
  • Alternate Key Number: 1018635
  • Cooling Heating: Wall/Window Unit(s), Ceiling Fans(s)
  • Lot Sq Ft: 2652.00
  • Porch Balcony: Open Porch/Balcony
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2588.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Attribution Contact: 305-587-3407
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Wood
  • Total Bedrooms: 5
  • Sq Ft Remarks: Buyer to verify square footage

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Storage
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

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

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Parcel Number: 00018130-000000
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2023
Closed on
Aug 7, 2023
Sold by
Where Is Lucy Llc
Bought by
Last Dry Ground Homeowners Association Inc
Seller's Agent
Terri Spottswood
Truman & Co. (KW)
Buyer's Agent
Terri Spottswood
Truman & Co. (KW)
List Price
$1,749,000
Sold Price
$1,600,000
Premium/Discount to List
-$149,000
-8.52%
Total Days on Market
1
Views
10
Current Estimated Value
$1,750,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,537
Avg. Annual Appreciation
5.01%

Purchase Details

Listed on
Jul 10, 2023
Closed on
Jul 26, 2023
Sold by
Weintraub Richard J and Weintrau Leisa
Bought by
Where Is Lucy Llc
Seller's Agent
Terri Spottswood
Truman & Co. (KW)
Buyer's Agent
Terri Spottswood
Truman & Co. (KW)
List Price
$1,749,000
Sold Price
$1,600,000
Premium/Discount to List
-$149,000
-8.52%
Views
10

Purchase Details

Closed on
Apr 4, 2023
Sold by
Weintraub Byron C
Bought by
Richard J Weintraub And Leisa L Weintraub Joi

Purchase Details

Closed on
Nov 4, 2020
Sold by
Weintraub Richard J
Bought by
Weintraub Richard J and Leisa L Weintraub Joint Trust

Purchase Details

Closed on
Nov 10, 2003
Sold by
Weintraub Byron C and Weintraub Susan B
Bought by
Weintraub Byron C and Weintraub Susan B

Purchase Details

Closed on
Dec 1, 1986
Bought by
Weintraub Byron C And Susan Co-Trustee 11/10/

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Last Dry Ground Homeowners Association Inc -- None Listed On Document
Where Is Lucy Llc $1,600,000 None Listed On Document
Richard J Weintraub And Leisa L Weintraub Joi $600,000 --
Weintraub Richard J -- Accommodation
Weintraub Byron C -- --
Weintraub Byron C And Susan Co-Trustee 11/10/ $110,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2023 07/26/23 Sold $1,600,000 -8.5% $618 / Sq Ft
07/11/2023 07/11/23 Pending -- -- --
07/10/2023 07/10/23 For Sale $1,749,000 -- $676 / Sq Ft
Source: Key West 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 $9,065 $1,294,682 $864,937 $429,745
2023 $9,065 $1,284,267 $864,260 $420,007
2022 $7,741 $1,000,746 $576,174 $424,572
2021 $7,025 $766,792 $425,368 $341,424
2020 $6,599 $743,247 $414,547 $328,700
2019 $6,190 $698,750 $402,375 $296,375
2018 $5,965 $688,261 $453,094 $235,167
2017 $5,792 $691,483 $0 $0
2016 $5,361 $563,685 $0 $0
2015 $5,047 $503,298 $0 $0
2014 $4,615 $402,963 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Terri Spottswood

    Seller's Agent in 2023

    Terri Spottswood

    Truman & Co. (KW)

    (305) 395-2360

    122 in this area

    352 Total Sales

    Terri Spottswood
    Section Image
  • Team Spottswood/Vazquez

    Seller Co-Listing Agent in 2023

    Team Spottswood/Vazquez

    Truman & Co. (KW)

    (305) 395-1777

    121 in this area

    354 Total Sales

    Team Spottswood/Vazquez
    Section Image
See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 605926

Key West Association of REALTORS®

APN: 00018130-000000

Florida Monroe County Key West 33040 Old Town

700 Elizabeth St, Key West, FL

Homes for Sale in Key West, FL

This home is located at 700 Elizabeth St, Key West, FL 33040 since 10 July 2023 and is currently estimated at $1,750,537, approximately $676 per square foot. This property was built in 1923. 700 Elizabeth St is a home located in Monroe County with nearby schools including Horace O'Bryant School, Key West High School, and May Sands Montessori School.

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.

Key West Association of REALTORS® 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.

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