$1,400,000
SOLD APR 2, 2026

708 Bakers Ln Key West, FL 33040

Old Town Neighborhood
1 Bed
1 Bath
684 Sq Ft
4,792 Sq Ft Lot Lot

Sale Details

Date Sold: April 2, 2026

$2,047 Per Sq Ft

6% Below List Price

82 Days on Market

About This Home

As of April 2026

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.

Last Agent to Sell the Property

Suzanne Moore

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

Last Buyer's Agent

Elaine Coyle

Keller Williams Key West Compass Realty License #704304

Keller Williams Key West Compass Realty

Home Details

Home Type

Single Family

Year Built

1972

Lot Details

4,792 Sq Ft Lot

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
  • Sale Terms: Conventional
  • 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: None
  • 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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2026
Closed on
Apr 1, 2026
Sold by
Enricos Tire Bodegas Llc
Bought by
Parker Matthew and Parker Emily Anne
Seller's Agent
Suzanne Moore
Suzanne Moore Real Estate
Buyer's Agent
Elaine Coyle
Keller Williams Key West Compass Realty
List Price
$1,495,000
Sold Price
$1,400,000
Premium/Discount to List
-$95,000
-6.35%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
61.88%
Original Mortgage
$980,000
Outstanding Balance
$980,000
Interest Rate
5.98%
Mortgage Type
New Conventional
Estimated Equity
$475,005

Purchase Details

Listed on
Aug 1, 2022
Closed on
Aug 1, 2022
Sold by
Groomes Carrie E
Bought by
Enricos Tire Bodegas Llc
Seller's Agent
Elaine Coyle
Tropical Properties Real Estat (KW)
Buyer's Agent
Elaine Coyle
Tropical Properties Real Estat (KW)
List Price
$1,195,000
Sold Price
$1,195,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.41%

Purchase Details

Listed on
Aug 1, 2022
Closed on
Jul 1, 2022
Sold by
Caroline Florida Sumner Cash Declaration
Bought by
Groomes Carrie E
Seller's Agent
Elaine Coyle
Tropical Properties Real Estat (KW)
Buyer's Agent
Elaine Coyle
Tropical Properties Real Estat (KW)
List Price
$1,195,000
Sold Price
$1,195,000

Purchase Details

Closed on
May 25, 2021
Sold by
Groomes Carrie E
Bought by
Groomes Carrie E and Sumner Cash Caroline Floridia

Purchase Details

Closed on
Mar 5, 2014
Sold by
Cash Carolyn Summer
Bought by
Cash Carolyn Floridia Summer

Purchase Details

Closed on
Jun 23, 2003
Sold by
Strawberry Flats Llc
Bought by
Lambrose John C and Fitzsimmons Laura

Purchase Details

Closed on
Feb 1, 1988
Bought by
Cash Caroline Floridia Sumner
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,400,000 None Listed On Document
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

Mortgage History

Date Status Loan Amount Loan Type
Open $980,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/02/2026 04/02/26 Sold $1,400,000 -6.4% $2,047 / Sq Ft
03/31/2026 03/31/26 Pending -- -- --
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®

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

Agents Affiliated with this Home

  • Suzanne Moore

    Seller's Agent in 2026

    Suzanne Moore

    Suzanne Moore Real Estate

    (305) 797-0699

    40 in this area

    122 Total Sales

    Suzanne Moore
    Section Image

  • E

    Buyer's Agent in 2026

    Elaine Coyle

    Keller Williams Key West Compass Realty

    (305) 923-9202

    14 in this area

    62 Total Sales

    Elaine Coyle
    Section Image
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Map

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

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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