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$1,589,000   Price Analysis
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1500 Patricia St
Key West, FL 33040
4 bed 3 bath 2,240 SqFt ($709/SqFt)
5,548SqFt lot. Built 1958
Listed 2024-04-14, Taxes $4,464
Ⓧ USDA Ineligible
due to price & location

near Stock Island

Live in Paradise AND have rental income with this LEGAL DUPLEX in Midtown West!

* No Longer For Sale *
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Cover your taxes and insurance and generate a profit. 2200 sf of living space on a large corner lot two blocks to ocean. BOTH units hold non-transient monthly licenses, offering many options for use AND income. Live in one unit/ rent the other, rent both or use as a single family with space for family and friends. Fantastic option for the buyer who values a large lot and home with tremendous flexibility for use and an opportunity for SIGNIFICANT income.Spacious, 1 bedroom apartment upstairs with private entrance & covered porch to enjoy the ocean breeze. Open floor plan, oversized en-suite bedroom with big closet, double sink vanity, shower and soaking tub. Separate utilities and laundry. Fully remodeled in 2021. Active, lucrativ monthly vaca rental. First floor unit is essentially a single family home with 1518 sf of living space. 3 bedrooms, 2 full baths and light-filled front to back open living. Upon entering, enjoy a freshly furnished living room. Centrally located kitchen and dining flow seamlessly into the rear family room, which opens to a covered porch and large yard. Significant updates throughout 2023/24. Both baths gutted to studs, have new pvc piping and are fresh and modern. Refaced kitchen with quartz counters and new stainless steel appliances. Brand new Mitsubishi mini split system. Original Terrazzo tile was refurbished and sealed, offering a stunning tribute to mid-century Florida design.Exterior of home has also been updated with fresh stucco and paint. Brand new metal roof, built to reflect current codes, ensures the strength of this concrete home and LOW insurances. PLENTY of room for a pool and easy access for construction. Superb location!

Artisan Market, tennis and bocce courts, dog park, Higgs Beach, White St Pier and West Martello gardens are all within a 5 min walk. Enjoy a peaceful, qui et neighborhood with Old Town action 1/2 mile away.


Presented by Dawn Gonet at
Berkshire Hathaway HomeServices Knight & Gardner Realty.
Listing Agent Photo

Property MLS #609591 from KeyWest

Bedrooms: 4

Total Bathrooms: 3.00
Full Bathrooms: 3

Pantry
Storage
Quartz Countertops
Interior Amenities: Laundry Room
Furnished Description: Negotiable
Flooring: Terrazzo, Vinyl

Dishwasher
Range
Washer
Stainless Steel Appliance(s)
Refrigerator
Ice Machine
Oven
More Appliances
Microwave
Freezer
Dryer

Ductless

Fencing
Privacy Wall/Fence
Fruit Tree(s)
Porch Description: Open Porch/Balcony

Lot Size Acres: 0.1273646
Lot Size Square Feet: 5548

Parking Features: Off Street Parking

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

Number of Units: 2

Lease Term: 30.00

Community Features: Beach, Tennis Courts

Annual Tax Amount: 9965.30
Source Listing Status: Closed
County: Monroe
Tax Year: 2023
Source Property Type: Multi-family
Area: 02 - Key West
Source Neighborhood: Kamien Plat #2 (2.0)
Parcel Number: 00061450-000000
Subdivision: Kamien Plat #2 (2.0)
Zoning: MDR-1 - Medium Desnity Re
Property Subtype: Duplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$451,510
$4,464
2021$unknown + $unknown
$423,458
$4,210
2020$unknown + $unknown
$400,705
$4,034
2019$unknown + $unknown
$378,056
$3,897
2018$unknown + $unknown
$357,913
$3,838
2017$unknown + $unknown
$402,080
$3,766
2016$unknown + $unknown
$397,760
$3,799
2015$unknown + $unknown
$307,058
$3,627
2014$unknown + $unknown
$294,477
$3,467
2013$unknown + $unknown
$291,695
$3,465
2012$unknown + $unknown
$290,840
$2,655
2011$unknown + $unknown
$280,347
$2,552
2010$unknown + $unknown
$275,298
$2,611
2009$unknown + $unknown
$319,694
$2,825
2008$unknown + $unknown
$318,198
$2,458
2007$unknown + $unknown
$455,772
$3,570

Sold 2024-06-03
$1,549,000
KeyWest
Listed 2024-04-14
$1,589,000
KeyWest
Listing removed 2023-09-25
$0
KeyWest
Price Changed 2023-04-25
$1,499,000
KeyWest
Listed 2023-03-09
$1,649,000
KeyWest
Sold 1995-10-26
$195,000
Public Record

Total Square Feet Living: 2240
Year Built: 1958
Construction Materials: Combo Construction
Living Area Source: Property Data Card
Property Age: 66
Property Condition: Updated/Remodeled
Roof: Metal Roof
Levels or Stories: 2 Stories

Disabled Access: No

Cable Available
Water Separate Meter
Municipal Sewer
FKAA
Elect Separate Meter

Key West High School is a public middle and high school located approximately 0.4 miles away.
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Horace O'bryant School is a public elementary and middle school located approximately 0.6 miles away.
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Montessori Children's School is a private elementary school located approximately 0.5 miles away.
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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.