308 Peacon Lane, Key West, FL 33040 (MLS# 612553)

308 Peacon Lane, Key West, FL 33040

$850,000

Virtual Tour

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Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,296 Lot Size (sq. ft.): 1,978 Status: Closed

Current Price: $850,000 List Date: 12/06/2024 Last Modified: 10/31/2025

Description

Yes - not too good to be true or a misprint! Priced to sell for just $990,000 with this $400,000 price reduction. Rare 2 unit property in Old Town! Enjoy Key West living on one of our most picturesque Old Town lanes. Located in the heart of the historic district and near the seaport, everything you want in Key West is right out your door. Built in the early 1900s, over the years the home was converted into a legal 2-unit property with separate water & electric accounts. The configuration is upstairs (large 1 BR & 1 BA with a sleeping loft) and downstairs (2 BR & 1.5 BA) units, with an exterior staircase. Both units have a front & rear porch, balcony, or deck. For your parking convenience, an off-street spot is in front of the property. Prime location, opportunity & value!

More Information MLS# 612553

Contract Information

Listing Board: Key West Association As is Rght to Inspct: Yes Current Price: $850,000 Listing Date: 2024-12-06 Sold Price: $850,000

Location, Tax & Legal

KW Neighborhood: Old Town-N of Truman City: KEY WEST Mile Marker: 1 Marathon Neighborhood: N/A Side: Bay/Gulf Alternate Key #: 8594381 Parcel #: 00003620-000100 Zoning: HMDR - Historic Medium Density Residential Deed Restrictions: Unknown Legal: KW PT LOT 3 SQR 22 VV-113 Taxes: 7266 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 308 Street Name: Peacon Street Suffix: Lane Key/Island: Key West State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Old Town - Unrecord (1.0) Area: 01 - Key West

General Property Description

Realtor.COM Type: Multi-family Waterfront: No Control Depth: 0 Lot Size: 22.5 x 93 Lot SqFt: 1978 Pool: No Lot Sqft Source: Tax Records Total Units: 2 SqFt Source: Tax Records Rentals Allowed: Yes Min Rental Days: 28 Style: Duplex Year Built: 1923 Living Apx SqFt: 1296 Total Bedrooms: 3 Full Baths: 2 Half Baths: 1 Total Baths: 3

Remarks & Misc

Remarks – Consumer: Yes - not too good to be true or a misprint! Priced to sell for just $990,000 with this $400,000 price reduction. Rare 2 unit property in Old Town! Enjoy Key West living on one of our most picturesque Old Town lanes. Located in the heart of the historic district and near the seaport, everything you want in Key West is right out your door. Built in the early 1900s, over the years the home was converted into a legal 2-unit property with separate water & electric accounts. The configuration is upstairs (large 1 BR & 1 BA with a sleeping loft) and downstairs (2 BR & 1.5 BA) units, with an exterior staircase. Both units have a front & rear porch, balcony, or deck. For your parking convenience, an off-street spot is in front of the property. Prime location, opportunity & value! Directions: Located between Catherine and Eaton Streets, and William and Elizabeth Streets.

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

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Wall/Window Unit(s): 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Laminate: 1 Tile: 1 Wood: 1

Neighborhood Feature

Other Area Features: 1

Building Style

Above Flood: Yes

Windows/Doors

Double Hung Windows: 1 French Doors: 1

Vehicle Storage

Car(s): 1 Off Street Parking: 1

Construction

Frame: 1

Land Size

Less Than 1/4 Acre: 1

Terms

Cash: 1 Conventional: 1

Utilities

Buyer to Verify: 1 Cable Available: 1 Elect Separate Meter: 1 FKAA: 1 Municipal Sewer: 1 Water Separate Meter: 1

Porch/Balcony

Deck: 1 Open Porch/Balcony: 1 Patio: 1

Exterior Features

Fencing: 1 Shed: 1 Storage: 1

Roof

Metal Roof: 1

Status Change Info

Sold Date: 2025-10-31 Sold Price: $850,000 Status: Closed

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Cooling: Ceiling Fans(s); Wall/Window Unit(s) Utilities: Buyer to Verify; Cable Available; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Exterior Features: Fencing; Shed; Storage Construction: Frame Floor: Laminate; Tile; Wood Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Other Area Features Land Size: Less Than 1/4 Acre Terms: Cash; Conventional

Listing Office: Coldwell Banker Schmitt Real Estate Co. (KW)

Last Updated: October - 31 - 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.