NOT LISTED FOR SALE

718 Bakers Ln Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,768,119 - $2,038,000

3 Beds
3 Baths
1,714 Sq Ft
$1,087/Sq Ft Est. Value

Last Sold November 20, 2024

Last sale price $1,675,000 $977 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $10,496/month

161 Days on Market

About This Home

As of November 2024

Step into 718 Bakers Lane, where historic charm seamlessly blends with modern luxury in the heart of Old Town. This beautiful historic home, affectionately known as 'The Johnny Cake House' holds a rich legacy dating back to the early 1920s where locals frequented for fresh baked goods.Situated at the end of a quiet lane at the highest elevation on the island (x flood zone) , 718 Bakers Lane provides the perfect retreat from the hustle and bustle, yet it's just moments away from all that Old Town has to offer; quaint shops, gourmet dining, and vibrant nightlife.This meticulously renovated home offers the perfect blend of historic charm and convenience, dripping in highly coveted dade county pine. The first floor features two bedrooms with a jack and jill bathroom, a dedicated laundry room with half bath and a chefs kitchen with a new downdraft gas range and quartz countertops, ready for your culinary adventures. The second floor hosts a spacious bedroom with high ceilings and an en suite bathroom, walk in closet and private rooftop terrace. Enjoy brand new split AC units, and a whole-house generator for peace of mind. But it's not just about the interiors, this property invites you to embrace the outdoors. Impact french doors open up to a private wooden deck with room for a pool.Sip your morning coffee on the tranquil porch or unwind in the privacy of your patio. Fruit trees surround the home, providing the best mangos and avocados Key West has to offer. The structure is secure with 11 new house piers. Plenty of outdoor storage with a shed fastened to a concrete pad. To round it off, an electric vehicle charging station has been installed for added convenience. Whether you're seeking a historic gem or a prime investment opportunity, this is the place to be. Don't miss your chance to own a piece of history in paradise. Make 718 Bakers Lane your forever home!

Last Agent to Sell the Property

Paige Bethel

Island Home Realty Inc. License #3382346 Listed on: 04/29/2024

Last Buyer's Agent

Everett Watkins

Keller Williams Key West Compass Realty License #513929

Keller Williams Key West Compass Realty

Home Details

Home Type

Single Family

Year Built

1933

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: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 29.00
  • 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: 12610.13
  • Year Built: 1933
  • Alternate Key Number: 1011967
  • Building Style: Conch
  • Cooling Heating: Ductless
  • Lot Sq Ft: 2483.00
  • Porch Balcony: Open Porch/Balcony, Deck
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1714.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Pantry, Built-in Cabinets, Walk-in Closet(s)
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Gas Appliances, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Wood
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Wood Windows, Impact Rstnce Window, Impact Rstnce Doors, Other Windows/Doors
  • Total Bedrooms: 3
  • Accessibility Features: None

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing, Shed, Rain Gutters, Fruit Tree(s)
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Propane, Cable Available, Whole House Generatr, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Parcel Number: 00011650-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.06

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 28, 2025
Sold by
Zuhoski Alexander
Bought by
718 Bakers Lane Llc
Current Estimated Value
$1,863,280

Purchase Details

Listed on
Apr 29, 2024
Closed on
Nov 20, 2024
Sold by
Vax Richard Steven and Perry James Warde
Bought by
Zuhoski Alexander
Seller's Agent
Paige Bethel
Island Home Realty Inc.
Buyer's Agent
Everett Watkins
Keller Williams Key West Compass Realty
List Price
$2,099,000
Sold Price
$1,675,000
Premium/Discount to List
-$424,000
-20.2%
Views
127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.89%

Purchase Details

Listed on
Jun 7, 2022
Closed on
Jul 25, 2022
Sold by
Enricos Tire Bodegas Llc
Bought by
Vax Richard Steven and Perry James Warde
Seller's Agent
Suzanne Moore
Truman & Co. (KW)
Buyer's Agent
Paige Bethel
Island Home Realty Inc.
List Price
$1,595,000
Sold Price
$1,550,000
Premium/Discount to List
-$45,000
-2.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.38%
Original Mortgage
$400,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2021
Sold by
Demshar Fred A
Bought by
Enricos Tire Bodegas Llc

Purchase Details

Closed on
Apr 12, 2021
Sold by
Natures Boundary Llc
Bought by
Demshar Fred Anthony

Purchase Details

Closed on
Nov 12, 2007
Sold by
Smith Linda M and Santana Karen
Bought by
Demshar Fred A

Purchase Details

Closed on
Nov 1, 2007
Sold by
Whitaker Fay Marie and Hargrave William
Bought by
Smith Linda M

Purchase Details

Closed on
Feb 24, 2003
Sold by
Hargrave William and Whitaker Faye Marie
Bought by
Smith Linda M

Purchase Details

Closed on
Feb 1, 1969
Bought by
Demshar Fred A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
718 Bakers Lane Llc -- None Listed On Document
718 Bakers Lane Llc -- None Listed On Document
Zuhoski Alexander $1,675,000 None Listed On Document
Vax Richard Steven $1,550,000 Spottswood Spottswood Spottswo
Enricos Tire Bodegas Llc -- Accommodation
Demshar Fred Anthony -- Gainesville Title
Demshar Fred A $430,000 Chicago Title Of Fl Keys Inc
Smith Linda M -- Chicago Title Of The Fl Keys
Smith Linda M -- Attorney
Demshar Fred A $9,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vax Richard Steven $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/20/2024 11/20/24 Sold $1,675,000 -4.3% $977 / Sq Ft
07/24/2024 07/24/24 Price Changed $1,750,000 -5.4% $1,021 / Sq Ft
06/03/2024 06/03/24 Price Changed $1,850,000 -7.3% $1,079 / Sq Ft
05/13/2024 05/13/24 Price Changed $1,995,000 -5.0% $1,164 / Sq Ft
04/29/2024 04/29/24 For Sale $2,099,000 +35.4% $1,225 / Sq Ft
07/25/2022 07/25/22 Sold $1,550,000 -2.8% $904 / Sq Ft View Prior Sale
06/07/2022 06/07/22 For Sale $1,595,000 -- $931 / 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
2025 $10,184 $1,140,021 $712,206 $427,815
2024 $12,610 $1,120,389 $698,141 $422,248
2023 $12,610 $1,396,448 $1,006,935 $389,513
2022 $9,209 $1,007,562 $613,751 $393,811
2021 $7,594 $859,024 $402,135 $456,889
2020 $7,698 $833,052 $365,693 $467,359
2019 $7,360 $823,062 $345,235 $477,827
2018 $6,683 $696,220 $317,104 $379,116
2017 $6,876 $704,845 $0 $0
2016 $7,401 $778,861 $0 $0
2015 $7,038 $734,650 $0 $0
2014 $6,955 $729,191 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Paige Bethel

    Seller's Agent in 2024

    Paige Bethel

    Island Home Realty Inc.

    (305) 395-0550

    27 in this area

    46 Total Sales

    Paige Bethel
    Section Image
  • Everett Watkins

    Buyer's Agent in 2024

    Everett Watkins

    Keller Williams Key West Compass Realty

    (305) 304-4269

    15 in this area

    37 Total Sales

    Everett Watkins
    Section Image

  • S

    Seller's Agent in 2022

    Suzanne Moore

    Truman & Co. (KW)

See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 609775

Key West Association of REALTORS®

APN: 00011650-000000

Florida Monroe County Key West 33040 Old Town

718 Bakers Ln, Key West, FL

Not Listed for Sale

Detached

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