NOT LISTED FOR SALE

709 Thomas St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,765,000 - $1,965,000

2 Beds
2 Baths
1,512 Sq Ft
$1,252/Sq Ft Est. Value

Last Sold May 22, 2023

Last sale price $1,700,000 $1,124 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $10,851/month

205 Days on Market

About This Home

As of May 2023

After removing the property from the market to accommodate vacation rentals, we are back with a huge reduction!! Fully turnkey vacation rental. Located walking distance to everything and in coveted flood zone X, this 2 bedroom, 2 bath, with massive sleeping loft, is Old Key West meets modern Luxury. The property was built in the early 1900's next to the La Concha Hotel as Coast Guard office building and moved to its current location in 1986. The home has floor-to-ceiling Dade County Pine. The kitchen is complete with custom cabinets, gas Viking appliances, and granite countertops. Ten-foot ceilings open the home with an abundant of natural lighting. The property is equipped with a brand-new full house Generac propane generator, heated in-ground pool, outdoor shower, and lush landscaping. Sit on your front porch at your out-door bar and people watch. The property is used half the year as a vacation rental and does about $80k a year. With the appropriate offer, the home can be sold completely turn key.

Last Agent to Sell the Property

Derek Epperly

Keys Atlantic Realty License #3313232 Listed on: 10/01/2022

Last Buyer's Agent

Thomas Mack

SBX Real Estate, LLC (KW)

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,768

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
  • 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: Yes
  • 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: 3705.64
  • Title: Negotiable
  • Year Built: 1938
  • Alternate Key Number: 1013609
  • Building Style: Conch
  • Lot Sq Ft: 4508.00
  • Pool Info: In Ground, Decked
  • Porch Balcony: Patio
  • License Info: Non Trans Rntl Lic
  • License Info Number Of City License: 1
  • License Info Number Of County License: 1
  • Shutters: Panel
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1512.00
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Pantry, Bar, Built-in Cabinets, Storage, Smoke Alarms, Dade County Pine, Granite Counter Top
  • Floor Number: 2.00
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Gas Appliances, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Combo, Wood
  • Windows/Doors: Impact Rstnce Doors
  • Total Bedrooms: 2
  • Sq Ft Remarks: Buyer to verify

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Bar, Outdoor Shower, Fencing
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Propane

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00013210-000000
  • Lot Size: 45X100
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.10

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2021

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 5, 2007
Sold by
709 Thomas Street Llc
Bought by
Life Kevin S and Life Janet R
Current Estimated Value
$1,893,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 24, 2004
Sold by
Hatch Richard W and Kitchar Suanne M
Bought by
709 Thomas Street Llc

Purchase Details

Closed on
Apr 1, 1996
Sold by
Crocett Crocett W and Crocett Corinne K
Bought by
Hatch Richard W and Kitchar Suanne M

Purchase Details

Closed on
Jul 1, 1994
Bought by
Life Kevin S And Janet R

Purchase Details

Closed on
Dec 1, 1987
Bought by
Life Kevin S And Janet R

Purchase Details

Closed on
May 1, 1986
Bought by
Life Kevin S And Janet R
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Life Kevin S $650,000 None Available
709 Thomas Street Llc -- --
Hatch Richard W $270,000 --
Life Kevin S And Janet R $121,000 --
Life Kevin S And Janet R $101,300 --
Life Kevin S And Janet R $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Life Kevin S $520,000
Previous Owner Hatch Richard W $238,125
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2023 05/22/23 Sold $1,700,000 -2.9% $1,124 / Sq Ft
04/24/2023 04/24/23 Pending -- -- --
04/20/2023 04/20/23 For Sale $1,750,000 0.0% $1,157 / Sq Ft
04/20/2023 04/20/23 Price Changed $1,750,000 +2.9% $1,157 / Sq Ft
01/17/2023 01/17/23 Off Market $1,700,000 -- --
12/07/2022 12/07/22 Price Changed $2,150,000 -2.3% $1,422 / Sq Ft
10/01/2022 10/01/22 For Sale $2,200,000 -- $1,455 / 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 $9,768 $1,566,047 $977,379 $588,668
2023 $9,768 $1,547,655 $1,003,706 $543,949
2022 $3,640 $428,002 $0 $0
2021 $3,706 $414,945 $0 $0
2020 $3,643 $409,216 $0 $0
2019 $3,587 $400,016 $0 $0
2018 $3,581 $392,558 $0 $0
2017 $3,562 $384,484 $0 $0
2016 $3,668 $376,576 $0 $0
2015 $3,740 $373,958 $0 $0
2014 $3,845 $370,990 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Derek Epperly

    Seller's Agent in 2023

    Derek Epperly

    Keys Atlantic Realty

    (305) 923-4833

    19 in this area

    49 Total Sales

    Derek Epperly
    Section Image

  • T

    Buyer's Agent in 2023

    Thomas Mack

    SBX Real Estate, LLC (KW)

  • T

    Buyer's Agent in 2023

    Tommy Mack

    Buy The Keys (KW)

  • T

    Buyer Co-Listing Agent in 2023

    Team Connect

    Coastal Collection Real Estate Inc.

    12 in this area

    66 Total Sales

    Team Connect
    Section Image
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Map

Source: Key West Association of REALTORS®

MLS Number: 602643

Key West Association of REALTORS®

APN: 00013210-000000

Florida Monroe County Key West 33040 Old Town

709 Thomas St, Key West, FL

This home is located at 709 Thomas St, Key West, FL 33040 since 01 October 2022 and is currently estimated at $1,893,019, approximately $1,251 per square foot. This property was built in 1938. 709 Thomas St is a home located in Monroe County with nearby schools including Gerald Adams Elementary School, Key West High School, and May Sands Montessori School.

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