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$5,200,000   Price Analysis
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524 Frances St
Key West, FL 33040
4 bed 4 bath 3,015 SqFt ($1724/SqFt)
6,643SqFt lot. Built 1938
Listed 2024-06-07, Taxes $21,445
Ⓧ USDA Ineligible
due to price & location

near Key West

Welcome to 524 Frances Street

Where sophisticated style meets Old Town charm. Rarely does an architectural gem such as this property become available for purchase. This iconic home has been completely and professionally updated, including impact windows and doors. Enter the property through a white picket fence and ascend the front porch steps with views of Frances Street. Just beyond the historic, glass-etched front door is a welcoming foyer; prepare to be awestruck by the style and craftsmanship of the home. Situated on a double lot, this 4 bedroom/3.5 bathroom property is the ultimate Key West escape, with Brazilian Cherry wood floors, crown moulding and top of the line finishes. The first floor offers three bedrooms. Two roomy guest bedrooms, each with Queen-sized bed and custom closets, are adjoined by a shared bathroom with standup shower.

Opposite sid e of these guest bedrooms is a formal living room with doubl sliding pocket doors leading into a formal dining room with access to a side porch. Beyond the dining room is a gourmet kitchen that overlooks an additional living room with wall-to-wall glass doors. A hallway leads to a separate wing inviting you to one of two Primary Suites at this property (the second Primary Suite is upstairs). With a King-sized four-posted bed and ensuite bathroom with dual headed shower and soaking tub. Upstairs is the second Primary Suite with open-concept layout, no need to ever leave this room, as the second floor is for this room. A pretty soaking tub to let all your trouble slip away, with a double stand-up shower. A wet bar with wine fridge serves as the perfect coffee bar for your morning cup or an evening drink on your private sundeck overlooking the backyard. The private backyard offers a huge in-ground lap pool, outdoor shower, Ipe wood decking and outdoor dining gazebo with built-in Wolf grill. This home comes with two brick-paved, gated driveways. Offered turn key with a small exclusion list.


Presented by Bobby Coe at
Saltwater Real Estate Florida Keys, Inc.
Listing Agent Photo

Property MLS #610327 from KeyWest

Bedrooms: 4

Total Bathrooms: 4.00
Full Bathrooms: 3
1/2 Bathrooms: 1

Bar
Security System
Walk-in Closet(s)
Storage
Dade County Pine
Entrance Foyer
Furnished Description: Furnished
Flooring: Wood

Dishwasher
Oven
Wine Cooler
Washer
Stainless Steel Appliance(s)
Refrigerator
Microwave
Gas Appliances
Dryer

Ceiling Fans(s)
Central Air

Built-in Grill
Outdoor Shower
Gazebo

Pool Features: SwimmingPoolYN: Yes, In Ground

Lot Size Acres: 0.1525023
Lot Size Square Feet: 6643

Parking Features: Off Street Parking
Parking Total: 2

Association: No
Calculated Total Monthly Association Fees: 0
Pets Allowed: Pets Allowed

Lease Term: 30.00

Annual Tax Amount: 24196.87
Source Listing Status: Active
County: Monroe
Tax Year: 2023
Source Property Type: Residential - Single Family
Area: 01 - Key West
Source Neighborhood: Old Town - Unrecord (1.0)
Parcel Number: 00007210-000000
Subdivision: Old Town - Unrecord (1.0)
Zoning: SF - Single Family
Property Subtype: Single Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$1,365,019 + $1,179,465
$2,544,484
$21,445
2021$1,472,602 + $872,359
$2,344,961
$20,962
2020$unknown + $unknown
$1,102,262
$9,696
2019$unknown + $unknown
$1,077,480
$9,559
2018$unknown + $unknown
$1,057,390
$9,571
2017$unknown + $unknown
$1,035,642
$9,535
2016$unknown + $unknown
$1,014,341
$9,864
2015$unknown + $unknown
$1,007,290
$10,056
2014$unknown + $unknown
$999,296
$10,375
2013$unknown + $unknown
$984,528
$10,350
2012$unknown + $unknown
$968,071
$9,866
2011$unknown + $unknown
$939,875
$9,605
2010$unknown + $unknown
$925,985
$9,875
2009$unknown + $unknown
$1,202,079
$11,792
2008$unknown + $unknown
$1,430,097
$12,718
2007$unknown + $unknown
$1,494,395
$12,386

Listed 2024-06-07
$5,200,000
KeyWest
Listing removed 2021-02-13
$3,750,000
Marathon
Sold 2021-01-14
$2,800,000
KeyWest
Listing removed 2020-12-11
$3,750,000
FloridaKeys
Listing removed 2020-02-19
$0
KeyWest
Listing removed 2018-09-15
$3,750,000
FloridaKeys
Listing removed 2018-09-15
$3,750,000
Marathon
Relisted 2018-08-13
$3,750,000
KeyWest
Listing removed 2018-04-04
$3,750,000
KeyWest
Listed 2017-12-17
$3,750,000
FloridaKeys
Listed 2017-12-17
$3,750,000
Marathon
Listed 2017-12-17
$3,750,000
KeyWest
Sold 2006-04-21
$2,800,000
KeyWest
Listed 2005-06-30
$2,999,000
KeyWest
Listed 2005-06-30
$2,999,000
Marathon
Listed 2005-06-30
$2,999,000
FloridaKeys
Listed 2005-06-30
$2,999,000
KeyWest
Sold 1996-12-27
$550,000
Public Record
Sold 1994-03-18
$460,000
Public Record
Sold 1988-05-17
$220,000
Public Record
Sold 1986-04-01
$130,000
Public Record

Total Square Feet Living: 3015
Year Built: 1938
Construction Materials: Frame
Living Area Source: Tax Records
Property Age: 86
Property Condition: Updated/Remodeled
Roof: Metal Roof
House Style: Conch

Parking

Buyer to Verify

Key West High School is a public middle and high school located approximately 1.2 miles away.
directions icon Map directions

Gerald Adams Elementary School is a public elementary school located approximately 3.5 miles away.
directions icon Map directions

The Basilica School is a private elementary and middle school located approximately 0.5 miles away.
directions icon Map directions

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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.