318 Margaret Street, Key West, FL 33040

$900,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,463 Lot Size (sq. ft.): 2,889 Status: Closed
Current Price: $900,000 List Date: 5/20/2025 Last Modified: 8/27/2025

Description

Historic charm meets modern comfort in this beautifully preserved 1930 Conch cottage nestled in Key West's sought-after Historic Seaport district. This two-story, 2-bedroom, 2-bath home (approximately 1,463 sq ft) boasts classic Key West architecture - wood siding and a metal roof - along with inviting outdoor spaces including an open front porch and a private backyard oasis. Inside, airy living spaces feature hardwood and tile floors, a modern kitchen with granite countertops and stainless-steel appliances, and a flexible layout with a bedroom suite on each level for optimal privacy. The tropical back patio is ideal for relaxing or entertaining, complete with a heated swimming pool (plus a cascading waterfall), an outdoor shower, and lush landscaping behind a privacy fence. Practical comforts include a whole-house generator and a spacious storage shed, plus the coveted benefit of off-street parking - a rarity in Old Town. From this prime Old Town location, you can stroll to the Historic Seaport marina, local restaurants, boutiques, and the vibrant Duval Street nightlife. Whether you're seeking a personal island retreat or a high-demand vacation rental, this unique property delivers an inviting blend of timeless island charm and excellent investment potential. Please note that pictures were taken before furniture and art were removed. Property is unfurnished.

More Information MLS# 615096

Contract Information

Listing Board: Key West Association Current Price: $900,000 Listing Date: 2025-05-19 Sold Price: $900,000

Location, Tax & Legal

KW Neighborhood: Old Town-N of Truman City: KEY WEST Mile Marker: 1 Marathon Neighborhood: N/A Side: Bay/Gulf Flood Zone: AE Alternate Key #: 1003131 Parcel #: 00003040-000000 Zoning: HMDR - Historic Medium Density Residential Deed Restrictions: Unknown Legal: KW PT LOT 1 SQR 21 G6-270/71 E-306 OR1203-1249 OR1203-1257/58 OR1203-1243/44 OR1297-1324 OR1483-624 OR1514-414/33 OR151 Taxes: 6941.66 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 318 Street Name: Margaret Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Old Town - Unlisted (1.0) Area: 02 - Key West

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: No Control Depth: 0 Lot SqFt: 2889 Pool: Yes Total Units: 0 Acres: 0.07 SqFt Source: Tax Records Rentals Allowed: With Restrictions Min Rental Days: 29 Style: Single Family Year Built: 1930 Living Apx SqFt: 1463 Total Bedrooms: 2 Full Baths: 2 Total Baths: 2

Remarks & Misc

Remarks – Consumer: Historic charm meets modern comfort in this beautifully preserved 1930 Conch cottage nestled in Key West's sought-after Historic Seaport district. This two-story, 2-bedroom, 2-bath home (approximately 1,463 sq ft) boasts classic Key West architecture - wood siding and a metal roof - along with inviting outdoor spaces including an open front porch and a private backyard oasis. Inside, airy living spaces feature hardwood and tile floors, a modern kitchen with granite countertops and stainless-steel appliances, and a flexible layout with a bedroom suite on each level for optimal privacy. The tropical back patio is ideal for relaxing or entertaining, complete with a heated swimming pool (plus a cascading waterfall), an outdoor shower, and lush landscaping behind a privacy fence. Practical comforts include a whole-house generator and a spacious storage shed, plus the coveted benefit of off-street parking - a rarity in Old Town. From this prime Old Town location, you can stroll to the Historic Seaport marina, local restaurants, boutiques, and the vibrant Duval Street nightlife. Whether you're seeking a personal island retreat or a high-demand vacation rental, this unique property delivers an inviting blend of timeless island charm and excellent investment potential. Please note that pictures were taken before furniture and art were removed. Property is unfurnished. Directions: Property is located between Eaton and Caroline Street.

Status Change Info

Sold Comments: Thanks to all involved Sold Date: 2025-08-25 Sold Price: $900,000 Status: Closed

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

Appliances

Dishwasher: 1 Dryer: 1 Microwave: 1 Oven: 1 Refrigerator: 1 Washer: 1 Wine Cooler: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Laminate: 1 Tile: 1 Wood: 1

Interior Features

Cathedral Ceilings: 1 Drapes/Blinds Incl: 1 Security System: 1 Storage: 1

Property Condition

Updated/Remodeled: 1

Building Style

Above Flood: Unknown Conch: 1 Stories: 2 Stories

Vehicle Storage

Car(s): 1 Off Street Parking: 1

Construction

Frame: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Unfurnished: 1

Utilities

Cable Available: 1 FKAA: 1 Municipal Sewer: 1

Porch/Balcony

Deck: 1 Open Porch/Balcony: 1

Exterior Features

Fencing: 1 Outdoor Shower: 1 Privacy Wall/Fence: 1 Shed: 1

Pool Info

In Ground: 1 Heated: Yes

Pre-Wired

Cable: 1

Roof

Metal Roof: 1

Shutters

Accordion: 1

Property Features

Fee Includes: None Tax Exemptions: Homestead Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Building Style: Conch Vehicle Storage: Off Street Parking Furnished: Unfurnished Cooling: Ceiling Fans(s); Central Air Utilities: Cable Available; FKAA; Municipal Sewer Interior Features: Cathedral Ceilings; Drapes/Blinds Incl; Security System; Storage Pre-Wired: Cable Appliances: Dishwasher; Dryer; Microwave; Oven; Refrigerator; Washer; Wine Cooler Exterior Features: Fencing; Outdoor Shower; Privacy Wall/Fence; Shed Pool Info: In Ground Construction: Frame Shutters: Accordion Floor: Laminate; Tile; Wood Roof: Metal Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre
Listing Office: Preferred Properties (KW)
Last Updated: August - 27 - 2025
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