1519 Florida Street, Key West, FL 33040

$2,685,000
Property Type: Residential Bedrooms: 9 Baths: 9 Square Footage: 4,037 Lot Size (sq. ft.): 11,264 Status: Closed
Current Price: $2,685,000 List Date: 2/21/2025 Last Modified: 5/16/2025

Description

PRICED TO SELL - This is a rare and exceptional opportunity! Land is at premium in Key West, and this expansive nearly 12,000 sq. ft. lot with not one but essentially 3 houses and room to grow, is an extraordinary find. Discover a balanced blend of Key West character, mid-century charm, and modern updates with this one-of-a-kind multi family compound. This property could not be more well designed for seclusion and private entertainment. Whether you're looking for a spacious primary residence, an income-producing property, a redevelopment opportunity, or a combination of all three, this is your drawing board. Once home to a beloved local artist, this award-winning property—recognized by the Old Island Restoration Foundation—is a nostalgic tribute to its time period. The current owner has preserved and enhanced its retro artistic flair, creating a truly unique ambiance that transports you back in time. Property Highlights: ✅ Three Separate units- Each with its own private access and gated tropical yard ✅ Main House (4 BD | 3.5 BA) - An open combo entertainment area overlooks a resort-style outdoor space featuring a stunning collection of mature and rare plant species, creating a lush, tropical sanctuary. At its heart, a luxurious heated pool basks in the sunshine by day and transforms into a glowing oasis by night, illuminated by soft ambient lighting. ✅ Second Unit (3 BD | 2 BA) - Exposed beam ceilings, skylights, and a serene outdoor shower. ✅ Third Unit (2 BD | 2 BA) - A cozy retreat with an expansive patio space ✅ Concrete Block Construction, Impact windows and doors for added security ✅ Off-Street Parking & Endless Storage - A rare convenience in Key West ✅ Only three blocks from the beach/pier and a short stroll to Old Town. This property is an entertainer's dream that must be seen in person to truly understand and appreciate all it has to offer.

More Information MLS# 613820

Contract Information

Listing Board: Key West Association As is Rght to Inspct: Yes Potential Short Sale: Yes Bank Owned: No Species List: No Current Price: $2,685,000 Listing Date: 2025-02-21 Sold Price: $2,685,000

Location, Tax & Legal

KW Neighborhood: Midtown West City: KEY WEST Mile Marker: 2 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE Alternate Key #: 1059871 Handicap Access: Yes Zoning: SF - Single Family Deed Restrictions: No Taxes: 23902 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 1519 Street Name: Florida Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Prog Land Imp Co Diag (2.0) Area: 03 - Key West

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: No Control Depth: 0 Lot SqFt: 11264 Pool: Yes Total Units: 3 Acres: 0.15 SqFt Source: Property Data Card Rentals Allowed: With Restrictions Min Rental Days: 28 Style: Multi-Units Year Built: 1958 Living Apx SqFt: 4037 Total Bedrooms: 9 Full Baths: 7 Half Baths: 2 Total Baths: 9

Remarks & Misc

Remarks – Consumer: PRICED TO SELL - This is a rare and exceptional opportunity! Land is at premium in Key West, and this expansive nearly 12,000 sq. ft. lot with not one but essentially 3 houses and room to grow, is an extraordinary find. Discover a balanced blend of Key West character, mid-century charm, and modern updates with this one-of-a-kind multi family compound. This property could not be more well designed for seclusion and private entertainment. Whether you're looking for a spacious primary residence, an income-producing property, a redevelopment opportunity, or a combination of all three, this is your drawing board. Once home to a beloved local artist, this award-winning property—recognized by the Old Island Restoration Foundation—is a nostalgic tribute to its time period. The current owner has preserved and enhanced its retro artistic flair, creating a truly unique ambiance that transports you back in time. Property Highlights: ✅ Three Separate units- Each with its own private access and gated tropical yard ✅ Main House (4 BD | 3.5 BA) - An open combo entertainment area overlooks a resort-style outdoor space featuring a stunning collection of mature and rare plant species, creating a lush, tropical sanctuary. At its heart, a luxurious heated pool basks in the sunshine by day and transforms into a glowing oasis by night, illuminated by soft ambient lighting. ✅ Second Unit (3 BD | 2 BA) - Exposed beam ceilings, skylights, and a serene outdoor shower. ✅ Third Unit (2 BD | 2 BA) - A cozy retreat with an expansive patio space ✅ Concrete Block Construction, Impact windows and doors for added security ✅ Off-Street Parking & Endless Storage - A rare convenience in Key West ✅ Only three blocks from the beach/pier and a short stroll to Old Town. This property is an entertainer's dream that must be seen in person to truly understand and appreciate all it has to offer.

Status Change Info

Sold Comments: SHORT SALE Sold Date: 2025-05-16 Sold Price: $2,685,000 Status: Closed

Association Info

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

License Info

# of City License: 3 # of County License: 3 Non Trans Rntl Lic: 1

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 Wine Cooler: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Ductless: 1

Heating

Ductless: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Carpet: 1 Combo: 1 Laminate: 1 Wood: 1

Neighborhood Feature

Tennis Courts: 1

Interior Features

Bar: 1 Entrance Foyer: 1 Fireplace(s): 1 Granite Counter Top: 1 Pantry: 1 Quartz Countertops: 1 Security System: 1 Sky Light(s): 1 Smoke Alarms: 1 Storage: 1 Walk-in Closet(s): 1 Window Treatments: 1

Property Condition

Updated/Remodeled: 1

Specialty Rooms

Utility Room: 1 Workshop: 1

Building Style

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

Windows/Doors

Impact Rstnce Doors: 1 Impact Rstnce Window: 1 Other Windows/Doors: 1 Sliding Glass Doors: 1

Vehicle Storage

Car(s): 2 Carport: 1 Covered Parking: 1 Guest Parking: 1 Open Parking: 1 Off Street Parking: 1 Trailer Storage: 1

Construction

Combo Construction: 1 Concrete: 1

Land Size

1/4 - 1/2 Acre: 1

Furnished

Negotiable: 1

Terms

Cash: 1 Conventional: 1

Utilities

FKAA: 1

Porch/Balcony

Deck: 1 Patio: 1

Title

Negotiable: 1

Exterior Features

Detached Guest Qtrs: 1 Fruit Tree(s): 1 Outdoor Shower: 1 Privacy Wall/Fence: 1 Rain Gutters: 1 Shed: 1 Sprinkler System: 1 Storage: 1

Pool Info

In Ground: 1 Concrete: 1

Pre-Wired

Cable: 1

Financial Status

Bank Owned: No Potential Short Sale: Yes

Accessibility Feat

Parking: 1 Wheelchair Ramp: 1

Shutters

Accordion: 1

GF-Interior Features

LED Lighting: 1 Tankless Hot Wtr Htr: 1

Property Features

Fee Includes: None Tax Exemptions: None License Info: Non Trans Rntl Lic Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Building Style: Split Level Vehicle Storage: Carport; Covered Parking; Guest Parking; Off Street Parking; Open Parking; Trailer Storage Furnished: Negotiable Cooling: Ceiling Fans(s); Ductless Heating: Ductless Utilities: FKAA Interior Features: Bar; Entrance Foyer; Fireplace(s); Granite Counter Top; Pantry; Quartz Countertops; Security System; Sky Light(s); Smoke Alarms; Storage; Walk-in Closet(s); Window Treatments Pre-Wired: Cable Specialty Rooms: Utility Room; Workshop Appliances: Dishwasher; Disposal; Dryer; Ice Machine; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer; Wine Cooler Exterior Features: Detached Guest Qtrs; Fruit Tree(s); Outdoor Shower; Privacy Wall/Fence; Rain Gutters; Shed; Sprinkler System; Storage Accessibility Feat: Parking; Wheelchair Ramp Pool Info: In Ground; Concrete Construction: Combo Construction; Concrete Shutters: Accordion Floor: Carpet; Combo; Laminate; Wood Pets: Pets Allowed Neighborhood Feature: Tennis Courts Land Size: 1/4 - 1/2 Acre Terms: Cash; Conventional Title: Negotiable GF-Interior Features: LED Lighting; Tankless Hot Wtr Htr
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: May - 16 - 2025
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