$4,975,000 Price Analysis    ♡   Key West, FL 33040 6 bed 5 bath 3,788 SqFt ($1313/SqFt) 0.36 acre lot. Built 1912 Listed 2024-06-25, Taxes $16,808 | Ⓧ USDA Ineligible due to price & location near Key West |
Ahoy
Dreamers and visionaries! Step into the pages of Key West history with this captivating waterfront property, whispering tales of Old Town charm from its perch on the edge of paradise.Built before 1912 and lovingly held by the same family for over a century, this sprawling 15, 609 square foot lot, zoned General Commercial, awaits your masterpiece. Picture a bustling restaurant serving up fresh seafood and island vibes, a charming boutique hotel nestled amidst tropical gardens or a tranquil marina where sailboats sway in the gentle breeze. The possibilities are as unlimited as the ocean views.This unique property boasts a legal five-unit multi-family configuration, including a historic main house and a separate cottage.
The main house features four units with a total of 5 bedrooms and 4 bathrooms, perfect for accommodating guests or creating a vibrant community. Meanwhile, the charming cottage, with its 2 bedrooms and 1 bathroom, offers a priv ate oasis for rest and relaxation.Nestled beside Garrison Bight, a stone's throw from Bayview Park and Tennis Courts and a bike ride away from some of the island's most stunning beaches and attractions, this location is a true Key West treasure.Now, for the fine print: the property is currently tenant-occupied, so plese allow 48 hours notice for viewings (and you might not be able to see all units in one go). Savvy investors should verify restoration and development rights to unlock the full potential of this historic gem.Ready to set sail on a new adventure? This once-in-a-lifetime Key West investment is calling your name. Don't miss out on the chance to turn your dreams into reality!
Presented by Damian Vantriglia at
Berkshire Hathaway HomeServices Knight & Gardner Realty.
Property MLS #610558 from KeyWest
Full Bathrooms: 5
Range
Washer
Refrigerator
Oven
Dryer
Flooring: Wood
Wall/Window Unit(s)
Porch Description: Open Porch/Balcony
Lot Size Square Feet: 15609
Parking Total: 4
Calculated Total Monthly Association Fees: 0
Pets Allowed: Pets Allowed
Source Listing Status: Active
County: Monroe
Tax Year: 2023
Source Property Type: Multi-family
Area: 01 - Key West
Source Neighborhood: Benj Alburys Subd (2.0)
Parcel Number: 00023230-000000
Subdivision: Benj Alburys Subd (2.0)
Zoning: CG - General Commercial
Property Subtype: Multi-Units
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $1,305,403 | $16,808 |
| 2021 | $351,366 + $835,364 $1,186,730 | $12,530 |
| 2020 | $355,374 + $828,100 $1,183,474 | $12,444 |
| 2019 | $356,653 + $823,258 $1,179,911 | $12,492 |
| 2018 | $365,783 + $823,258 $1,189,041 | $12,764 |
| 2017 | $369,791 + $823,258 $1,193,049 | $12,995 |
| 2016 | $291,492 + $818,972 $1,110,464 | $12,826 |
| 2015 | $unknown + $unknown $1,218,856 | $14,431 |
| 2014 | $unknown + $unknown $1,108,051 | $13,607 |
| 2013 | $unknown + $unknown $1,083,701 | $13,485 |
| 2012 | $unknown + $unknown $1,078,809 | $11,486 |
| 2011 | $unknown + $unknown $1,140,734 | $12,972 |
| 2010 | $unknown + $unknown $1,037,031 | $11,578 |
| 2009 | $unknown + $unknown $1,254,016 | $12,743 |
| 2008 | $unknown + $unknown $1,822,922 | $16,212 |
| 2007 | $unknown + $unknown $1,803,481 | $14,948 |
$0
KeyWest
Listed 2024-06-25
$4,975,000
KeyWest
Price Changed 2023-04-20
$4,975,000
KeyWest
Listing removed 2023-03-03
$0
KeyWest
Listed 2023-03-02
$4,999,000
KeyWest
Listed 2022-06-11
$4,999,000
KeyWest
Listing removed 2022-06-03
$0
KeyWest
Price Changed 2022-04-20
$4,999,000
KeyWest
Listing removed 2021-12-04
$0
KeyWest
Listed 2021-12-03
$5,299,000
KeyWest
Listed 2021-08-09
$5,500,000
KeyWest
Year Built: 1912
Construction Materials: Frame
Living Area Source: Tax Records
Property Age: 112
Property Condition: Fixer Upper
Roof: Metal Roof
House Style: Conch
Elect Separate Meter
Water Separate Meter
Municipal Sewer
FKAA
Cable Available
Map directions Map directions 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.