1006 16th Terrace, Key West, FL 33040

$1,275,000
Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 2,016 Lot Size (sq. ft.): 5,700 Status: Active
Current Price: $1,275,000 List Date: 6/30/2025 Last Modified: 12/15/2025

Description

Welcome to 1006 16th Terrace, a charming two-story residence nestled in the New Town area of Key West, Florida. Whether you are looking for a single-family home or a multi-family arrangement, this property at 1006 16th Terrace combines comfort, functionality & the charm of Key West living. Home boasts 5 bedrooms and 3 bathrooms offering a floorplan that will accommodate multiple situations. The exterior of the home is a testament to meticulous landscaping, creating a serene & inviting atmosphere. A detached storage unit provides additional space for a multitude of uses. The residence features a two-zone air conditioning system, ensuring optimal comfort throughout the year. The home has been recently painted, adding to its fresh & well-kept appearance. The original ground level home was built in 1965; however, the second story addition was built in 1993, with an open floorplan, bamboo floors and a window view of the Gulf of American. Enjoy the oversized balcony among the many trees. The home is equipped with storm rated windows and doors for your added protection. Some of the room photos have been virtually staged.

More Information MLS# 614317

Contract Information

Listing Board: Key West Association As is Rght to Inspct: Yes Current Price: $1,275,000 Listing Date: 2025-03-22 List Price: $1,275,000

Location, Tax & Legal

KW Neighborhood: New Town City: KEY WEST Mile Marker: 4 Marathon Neighborhood: N/A Side: Median Flood Zone: AE Alternate Key #: 1057711 Zoning: SF - Single Family Deed Restrictions: Unknown Legal: KW PEARLMAN HEIGHTS PB4-85 LOT2 BLK5 Taxes: 1801 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 1006 Street Name: 16th Street Suffix: Terrace Key/Island: Key West State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Pearlman Heights (4.0) Area: 04 - Key West

General Property Description

Realtor.COM Type: Multi-family Waterfront: No Control Depth: 0 Lot Size: 57*100 Lot SqFt: 5700 Pool: No Lot Sqft Source: Property Data Card SqFt Source: Property Data Card Rentals Allowed: Yes Min Rental Days: 28 Style: Multi-Units Year Built: 1965 Living Apx SqFt: 2016 Total Bedrooms: 5 Full Baths: 3 Total Baths: 3

Remarks & Misc

Remarks – Consumer: Welcome to 1006 16th Terrace, a charming two-story residence nestled in the New Town area of Key West, Florida. Whether you are looking for a single-family home or a multi-family arrangement, this property at 1006 16th Terrace combines comfort, functionality & the charm of Key West living. Home boasts 5 bedrooms and 3 bathrooms offering a floorplan that will accommodate multiple situations. The exterior of the home is a testament to meticulous landscaping, creating a serene & inviting atmosphere. A detached storage unit provides additional space for a multitude of uses. The residence features a two-zone air conditioning system, ensuring optimal comfort throughout the year. The home has been recently painted, adding to its fresh & well-kept appearance. The original ground level home was built in 1965; however, the second story addition was built in 1993, with an open floorplan, bamboo floors and a window view of the Gulf of American. Enjoy the oversized balcony among the many trees. The home is equipped with storm rated windows and doors for your added protection. Some of the room photos have been virtually staged. Directions: Off of Northside drive turn on to 16th terrace ...Home is second house on the right

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 0

Fee Includes

None: 1

Dockage

None: 1

Tax Exemptions

Homestead: 1 Widow/Widower: 1

Appliances

Dishwasher: 1 Dryer: 1 Range: 1 Refrigerator: 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1 Ductless: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Combo: 1 Tile: 1 Wood: 1

Interior Features

Storage: 1

Specialty Rooms

Laundry Room: 1 Workshop: 1

Building Style

Above Flood: Unknown Ground Level: 1 Stories: 2 Stories

Windows/Doors

Impact Rstnce Doors: 1 Impact Rstnce Window: 1 Sliding Glass Doors: 1

Vehicle Storage

Car(s): 1 Off Street Parking: 1

Construction

CBS: 1 Combo Construction: 1 Stucco: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Unfurnished: 1

Terms

Cash: 1 Conventional: 1 FHA: 1 VA: 1

Utilities

Buyer to Verify: 1 FKAA: 1 Municipal Sewer: 1

Porch/Balcony

Open Porch/Balcony: 1

Title

Negotiable: 1

Exterior Features

Fencing: 1 Fruit Tree(s): 1 Rain Gutters: 1 Shed: 1 Storage: 1

Roof

Metal Roof: 1

Shutters

Other: 1

Status Change Info

Contingent: None Status: Active

Property Features

Fee Includes: None Tax Exemptions: Homestead; Widow/Widower Waterfront: None Waterview: No Waterview Dockage: None Building Style: Ground Level Vehicle Storage: Off Street Parking Furnished: Unfurnished Cooling: Ceiling Fans(s); Central Air; Ductless Utilities: Buyer to Verify; FKAA; Municipal Sewer Interior Features: Storage Specialty Rooms: Laundry Room; Workshop Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Exterior Features: Fencing; Fruit Tree(s); Rain Gutters; Shed; Storage Construction: CBS; Combo Construction; Stucco Shutters: Other Floor: Combo; Tile; Wood Roof: Metal Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; FHA; VA Title: Negotiable
Listing Office: Keller Williams Key West Compass Realty
Last Updated: December - 15 - 2025
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.