1227 20th Terrace, Key West, FL 33040 (MLS# 614352)

1227 20th Terrace, Key West, FL 33040

$1,000,000

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,510 Lot Size (sq. ft.): 7,183 Status: Active

Current Price: $1,000,000 List Date: 3/26/2025 Last Modified: 11/03/2025

Description

BIG PRICE IMPROVEMENT! *Seller Motivated, told us to bring all Offers. 3/1 with a guest cottage/office space at rear of property with private full bath and kitchenette. 4/2 with cottage. Huge lot with incredible area for big a beautiful pool! This is a perfect family 3/1 home in one of the best New Town neighborhoods. This fully gated home sits on a massive 7000 sf oversized lot and is completely move-in ready. The home boasts three bedrooms and one bath. The floor plan in the kitchen and living area flows perfectly for open living. Glass French doors open to the back patio (that could be enclosed for Florida room) and look out at the massive green lawn and native trees. The large back yard is perfect for expansion or creating your very own tropical oasis. Set back in complete privacy is a beautiful guest suite/office space with bath. The side yard with an additional privacy fence is perfect boat parking. This property is a must see! Occupied so must allow 24 hour notice.

More Information MLS# 614352

Contract Information

Listing Board: Key West Association As is Rght to Inspct: Yes Current Price: $1,000,000 Listing Date: 2025-03-24 List Price: $1,000,000

Location, Tax & Legal

KW Neighborhood: New Town City: KEY WEST Mile Marker: 4 Marathon Neighborhood: N/A Side: Median Flood Zone: AE Alternate Key #: 1055883 Parcel #: 00055300-000000 Zoning: SF - Single Family Deed Restrictions: No Legal: BK 4 LT 9 KW PEARLMAN ESTATES FIRST ADDITION PB4-21 OR263-519/20 OR1052-2477 OR1093-1218 OR1101-923 OR2601-1223 OR2601- Taxes: 7253.21 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 1227 Street Name: 20th Street Suffix: Terrace Key/Island: Key West State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Pearlman Est (4.0) Area: 04 - Key West

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: No Control Depth: 0 Lot SqFt: 7183 Pool: No Lot Sqft Source: Property Data Card Total Units: 1 Acres: 0.16 SqFt Source: Property Data Card Rentals Allowed: Yes Style: Single Family Year Built: 1963 Living Apx SqFt: 1510 Total Bedrooms: 4 Full Baths: 2 Total Baths: 2

Remarks & Misc

Remarks – Consumer: BIG PRICE IMPROVEMENT! *Seller Motivated, told us to bring all Offers. 3/1 with a guest cottage/office space at rear of property with private full bath and kitchenette. 4/2 with cottage. Huge lot with incredible area for big a beautiful pool! This is a perfect family 3/1 home in one of the best New Town neighborhoods. This fully gated home sits on a massive 7000 sf oversized lot and is completely move-in ready. The home boasts three bedrooms and one bath. The floor plan in the kitchen and living area flows perfectly for open living. Glass French doors open to the back patio (that could be enclosed for Florida room) and look out at the massive green lawn and native trees. The large back yard is perfect for expansion or creating your very own tropical oasis. Set back in complete privacy is a beautiful guest suite/office space with bath. The side yard with an additional privacy fence is perfect boat parking. This property is a must see! Occupied so must allow 24 hour notice.

Association Info

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

Fee Includes

None: 1

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Ice Machine: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

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

Heating

Central: 1 Ductless: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Tile: 1

Interior Features

Smoke Alarms: 1

Property Condition

Updated/Remodeled: 1

Specialty Rooms

Other: 1

Building Style

Above Flood: No Ground Level: 1

Windows/Doors

Awning Windows: 1 French Doors: 1

Vehicle Storage

Off Street Parking: 1

Construction

CBS: 1 Concrete: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Unfurnished: 1

Terms

Cash: 1 Conventional: 1 FHA: 1 No Seller Finance: 1 VA: 1

Utilities

Buyer to Verify: 1 Cable Available: 1 FKAA: 1

Porch/Balcony

Open Porch/Balcony: 1 Patio: 1

Title

Negotiable: 1

Exterior Features

Privacy Wall/Fence: 1 Shed: 1 Storage: 1

Pre-Wired

Cable: 1

Roof

Metal Roof: 1

Financial Status

Standard Sale: Yes

Shutters

Bahama: 1

Status Change Info

Status: Active

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Building Style: Ground Level Vehicle Storage: Off Street Parking Furnished: Unfurnished Cooling: Ceiling Fans(s); Central Air; Ductless Heating: Central; Ductless Utilities: Buyer to Verify; Cable Available; FKAA Interior Features: Smoke Alarms Pre-Wired: Cable Specialty Rooms: Other Appliances: Dishwasher; Disposal; Dryer; Ice Machine; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Privacy Wall/Fence; Shed; Storage Construction: CBS; Concrete Shutters: Bahama Floor: Tile Roof: Metal Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; FHA; No Seller Finance; VA Title: Negotiable

Listing Office: Real Estate Management of Key West, LLC

Last Updated: November - 03 - 2025

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