$1,495,000
OPEN SAT 1PM - 3PM

708 Bakers Ln Key West, FL 33040

Old Town Neighborhood

Estimated payment $8,613/month

1 Bed
1 Bath
684 Sq Ft
$2,186 Price per Sq Ft

About This Home

Positioned on a rare 5000 Sq Ft. lot at one of the highest natural elevations on the Island, this property represents an exceptional opportunity in the heart of Old Town Key West - where location is everything.Set beneath a canopy of established trees, the site offers shade, privacy and a sense of timeless Old Town Character that is increasingly hard to find.Currently improved with a livable one-bedroom, one bath residence, the true value lies in the land itself. The existing structure provides flexibility - whether as a holding asset, future redevelopment or new build - allowing the next owner to capitalize on one of the most desirable settings in Key West.A full 10 out of 10 walkability Score, steps from world class dining, renowned live music cafes, galleries and the vibrant cultural fabric that defines the Island Lifestyle. A leisurely four minute walk to Duval St. underscores the property's unmatched proximity while maintaining a quieter, more refined residential feel.Opportunities of this caliber, high elevation, generous size lot, premier walkability and a blue chip location - are exceedingly rare. 708 Bakers Lane is a property for the discerning buyer who recognises that in Key West, land in the right spot is the ultimate luxury investment.

Listing Agent

Suzanne Moore

Suzanne Moore Real Estate License #3185298 Listed on: 01/08/2026

Open House Schedule

Map

Home Details

Home Type

Single Family

Year Built

1972

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-N of Truman
  • Limited Representation: Yes
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Median
  • State Province: FL
  • Taxes: 9829.97
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1972
  • Alternate Key Number: 1012246
  • Building Style: Ground Level
  • Lot Sq Ft: 4975.00
  • License Info Number Of City License: 1
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 684.00
  • Property Condition: Fixer Upper
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: OpenHouse
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Refrigerator, Microwave, Oven, Range
  • Windows/Doors: Jalousie Windows
  • Total Bedrooms: 1

Exterior Features

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

Utilities

  • Utilities: FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Parcel Number: 00011910-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.11

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2025

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

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 $9,546 $1,126,514 $1,011,442 $115,072
2024 $13,277 $1,101,100 $991,468 $109,632
2023 $13,277 $1,531,947 $1,430,002 $101,945
2022 $8,494 $975,038 $871,620 $103,418
2021 $6,444 $687,026 $599,239 $87,787
2020 $6,349 $678,632 $588,344 $90,288
2019 $6,411 $679,882 $588,344 $91,538
2018 $6,410 $665,870 $585,620 $80,250
2017 $6,486 $667,119 $0 $0
2016 $6,234 $599,688 $0 $0
2015 $6,781 $668,826 $0 $0
2014 $6,282 $564,148 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/08/2026 01/08/26 For Sale $1,495,000 +25.1% $2,186 / Sq Ft
08/01/2022 08/01/22 Sold $1,195,000 0.0% $1,747 / Sq Ft View Prior Sale
08/01/2022 08/01/22 Pending -- -- --
08/01/2022 08/01/22 For Sale $1,195,000 -- $1,747 / Sq Ft
Source: Key West Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $195,000 First International Title
Deed -- Highsmith & Van Loon Pa
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- --
Warranty Deed $75,000 --
Source: Public Records

Source: Key West Association of REALTORS®

MLS Number: 618002

Key West Association of REALTORS®

APN: 00011910-000000

Florida Monroe County Key West 33040 Old Town

708 Bakers Ln, Key West, FL

For Sale

Detached

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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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