$3,995,000

Estimated payment $22,208/month

Total Views 617
7 Beds
7.5 Baths
3,015 Sq Ft
$1,325 Price per Sq Ft

Highlights

  • Detached Guest House
  • 6,233 Sq Ft lot
  • Granite Countertops
  • Concrete Pool
  • Deck
  • No HOA

About This Home

Charming Multifamily Compound in Historic Key West, Florida. Discover the allure of old historic Key West with this exceptional multifamily compound, perfectly situated in a vibrant neighborhood. This property offers a unique blend of charm and modern comfort, making it an ideal investment or family retreat. The compound consists of 4 units, each exuding the distinctive character of Key West architecture, featuring high ceilings, large windows that invite natural light. The main house has its own private heated pool, hot tub and outdoor shower perfect for relaxation and entertainment. The main house also has 2 guest cottages off the pool. The next building has an upstairs unit with 2 bedrooms and a bath with it's own private deck. Below is a one bedroom one bath unit and up front is the 3rd unit with one bedroom and one bath. Benefit from plenty of parking spaces, accommodating residents and guests with ease a rare find in this bustling area. Nestled in one of Key West's most historic districts, this property is just minutes away from famous landmarks, restaurants, and local shops. Take advantage of nearby beaches, water sports, and lush parks, offering a vibrant lifestyle for outdoor enthusiasts. This multifamily compound not only serves as a wonderful family home but also presents a lucrative rental opportunity in one of the most sought-after destinations in Florida. Don't miss your chance to own a piece of Key West history. Schedule a viewing today.

Listing Agent

Richard Lively

Coldwell Banker Schmitt Real Estate Co. (KW) License #3025597 Listed on: 11/01/2025

Coldwell Banker Schmitt Real Estate Co. (KW)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,579

Year Built

  • Built in 1938 | Remodeled

Lot Details

  • 6,233 Sq Ft Lot
  • Sprinkler System

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 3,015 Sq Ft Home
  • Bar
  • Ceiling Fan
  • Double Hung Windows
  • French Doors
  • Tile Flooring

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Carport
  • Electric Gate
  • Guest Parking
  • Off-Street Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Exterior Lighting

Additional Homes

  • Detached Guest House

Utilities

  • Central Air
  • Ductless Heating Or Cooling System
  • Cooling System Mounted To A Wall/Window
  • Separate Meters
  • Public Hookup Available For Sewer

Community Details

Overview

  • No Home Owners Association
  • Old Town Unlisted Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,579

Year Built

Built in 1938 | Remodeled

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
  • 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: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Median
  • State Province: FL
  • Taxes: 15579.00
  • Title: Negotiable
  • Vehicle Storage: Carport, Covered Parking, Off Street Parking, Guest Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1938
  • Alternate Key Number: 9079880
  • Cooling Heating: Central Air, Ductless, Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 6233.00
  • Pool Info: In Ground, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Deck, Patio
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 3015.00
  • Financial Status Auction: No
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Bar, Granite Counter Top
  • Total Bathrooms: 8.00
  • Full Bathrooms: 7
  • Appliances: More Appliances, Ice Machine, Freezer, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer, Washer
  • Floor: Tile, Combo
  • Half Bathrooms: 1
  • Specialty Rooms: Other
  • Windows/Doors: Double Hung Windows, French Doors
  • Total Bedrooms: 7

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Bar, Sprinkler System, Outdoor Shower, Lighting, Hot Tub, Detached Guest Qtrs
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: FKAA, Elect Separate Meter, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2024

Map

Range of Values:

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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
2024 $5,340 $642,924 -- --
2023 $5,340 $624,199 $0 $0
2022 $5,110 $606,019 $0 $0
2021 $5,224 $588,368 $0 $588,368
2020 $4,635 $672,435 $0 $672,435
2019 $3,336 $330,938 $0 $330,938
2018 $3,392 $330,938 $0 $0
2017 $3,446 $330,938 $0 $0
2016 $2,725 $279,587 $0 $0
2015 $2,779 $277,643 $0 $0
2014 $2,852 $275,439 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2025 11/01/25 For Sale $3,995,000 -- $1,325 / Sq Ft
Source: Marathon and Lower Keys Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $895,000 Chicago Title Of The Florida
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $720,000 Future Advance Clause Open End Mortgage
Source: Public Records

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 617140

APN: 00014930-001040