$1,800,000
SOLD FEB 14, 2025
4 Beds
3 Baths
2,003 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$899 Per Sq Ft

3% Below List Price

9 Days on Market

About This Home

As of February 2025

This charming three-unit property at 808 Fleming Street represents an exceptional investment in one of Key West's most desirable neighborhoods. Located in the historic Old Town district, this versatile building offers multiple revenue streams and tremendous potential for savvy investors.This property is ideal for investors or multi-family living. With separate electric and water meters for each unit, management is effortless and efficient.Property Features:Downstairs Unit: A spacious 984 sq. ft. living area, perfect for an owner's residence or premium rental unit. Its open layout offers flexibility and comfort.Upstairs Units: Two additional units occupy 1,019 sq. ft. of living space, providing privacy, comfort, and excellent rental potential.Outdoor Living:Island living comes alive with this property's inviting front porch and expansive front balcony, perfect for enjoying the tropical breezes. The private backyard includes a 22' x 18' wooden deck and an additional 22' x 23'-yard area, offering endless possibilities for entertaining, relaxation, or further enhancements. An unused 11' x 6' cistern adds a touch of Key West history and utility to this unique property.Prime Location:Centrally located, this property provides easy access to Key West's vibrant dining, shopping, and world-famous nightlife. Tenants and residents will enjoy the best of island life, with the perfect balance of convenience and tranquility in a sought-after neighborhood.Endless Potential:This multi-unit property offers endless possibilities--generate strong rental income, create a multi-generational living arrangement, or craft your dream Key West retreat. With its combination of private utilities, multiple spaces, and outdoor amenities, this property is ready to fulfill your vision.Call today

Last Agent to Sell the Property

Barbara Crespo

Keller Williams Key West Compass Realty License #653688 Listed on: 11/21/2024

Keller Williams Key West Compass Realty

Last Buyer's Agent

Robin Nilsson

Keller Williams Key West Compass Realty License #3382004

Keller Williams Key West Compass Realty

Property Details

Home Type

Multi-Family

Year Built

1928

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Handicap Access: 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: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 9092.84
  • Title: Negotiable
  • Year Built: 1928
  • Alternate Key Number: 1008605
  • Building Style: Conch
  • Cooling Heating: Wall/Window Unit(s), Ceiling Fans(s)
  • Lot Sq Ft: 2543.00
  • Porch Balcony: Open Porch/Balcony, Deck
  • License Info: Non Trans Rntl Lic
  • License Info Number Of City License: 1
  • License Info Number Of County License: 1
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2003.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Entrance Foyer
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Refrigerator, Range
  • Floor: Tile, Combo, Wood
  • Windows/Doors: Jalousie Windows, Other Windows/Doors, Wood Windows
  • Total Bedrooms: 4
  • Sq Ft Remarks: in addition to Floor Living Area, there is attic space of 798 that is not included in the reported 2003 Sq Ft living

Exterior Features

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

Utilities

  • Security: No Security
  • Utilities: FKAA, Water Separate Meter, Elect Separate Meter, Municipal Sewer, Cistern

Lot Info

  • Deed Restrictions: No
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00008330-000000
  • Lot Size: 22.5 x 101.6
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.06

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2023

Multi Family

  • Total Units: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2024
Closed on
Feb 11, 2025
Sold by
Nystrom Frances H and Revocable Trust Of Frances H Nystrom
Bought by
Baglivo Steven
Seller's Agent
Barbara Crespo
Keller Williams Key West Compass Realty
Buyer's Agent
Robin Nilsson
Keller Williams Key West Compass Realty
List Price
$1,850,000
Sold Price
$1,800,000
Premium/Discount to List
-$50,000
-2.7%
Views
7
Current Estimated Value
$1,849,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,276
Avg. Annual Appreciation
3.08%
Original Mortgage
$1,260,000
Outstanding Balance
$1,250,355
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$598,921

Purchase Details

Closed on
Dec 3, 2009
Sold by
Nystrom Frances H
Bought by
Nystrom Frances H and Revocable Trust Of Frances H Nystrom

Purchase Details

Closed on
Feb 1, 1974
Bought by
Nystrom Frances H Rev Tr 9/14/2009
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $1,800,000 None Listed On Document
Warranty Deed $1,800,000 None Listed On Document
Interfamily Deed Transfer -- Attorney
Deed $24,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,260,000 New Conventional
Closed $1,260,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2025 02/14/25 Sold $1,800,000 -2.7% $899 / Sq Ft
11/21/2024 11/21/24 For Sale $1,850,000 -- $924 / 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 $9,706 $1,164,073 $809,284 $354,789
2024 $9,093 $1,138,409 $809,284 $329,125
2023 $9,093 $1,056,274 $743,828 $312,446
2022 $8,026 $880,357 $563,325 $317,032
2021 $7,419 $700,662 $427,122 $273,540
2020 $7,073 $664,959 $391,419 $273,540
2019 $6,975 $663,500 $382,162 $281,338
2018 $6,924 $716,325 $431,089 $285,236
2017 $6,646 $696,832 $0 $0
2016 $6,524 $661,847 $0 $0
2015 $5,876 $509,237 $0 $0
2014 $5,419 $406,933 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Key West Association of REALTORS®

MLS Number: 612348

Key West Association of REALTORS®

APN: 00008330-000000