516 White Street, Key West, FL 33040 (MLS# 614923)

516 White Street, Key West, FL 33040

$2,500,000

Property Type: Commercial Sale Bedrooms: 2 Baths: 4 Square Footage: 4,494 Lot Size (sq. ft.): 3,568 Status: Closed

Current Price: $2,500,000 List Date: 5/07/2025 Last Modified: 10/03/2025

Description

One-of-a-kind property in the heart of Old Town Key West! Built new in 2005, this unique mixed-use building features two spacious 1-bedroom, 1-bath apartments with soaring ceilings, plus a versatile office space. The highlight is the expansive garage, formerly home to a private car collection with space for up to 8 vehicles—ideal for storage, a workshop, or endless other possibilities. A rare find with incredible potential in a prime location!

More Information MLS# 614923

Contract Information

Listing Board: Key West Association Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No For Sale/Lease: For Sale Current Price: $2,500,000 Listing Date: 2025-05-07 Sold Price: $2,500,000

Location, Tax & Legal

KW Neighborhood: Old Town-N of Truman City: KEY WEST Off Shore Island: No Mile Marker: 1 Marathon Neighborhood: N/A Side: N/A Flood Zone: AE Alternate Key #: 1007153 Parcel #: 00006900-000000 Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med Legal: KW PT LOT 2 SQR 44 G6-257 OR859-913 OR889-2289 OR889-2290 OR934-1187 OR1094-1427 OR1692-1791/92 OR1692-1793/94 OR2100-45 Taxes: 14473.93 Tax Year: 2024 Street #: 516 Street Name: White Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 Subdivision: Old Town - Unrecord (1.0) County: Monroe Area: 01 - Key West

General Property Description

Realtor.COM Type: Commercial Waterfront: No Control Depth: 0 Lot Size: 3568 Lot SqFt: 3568 Total Units: 3 Year Established: 2004-12-31 Off Street Parking: 3 # Stories: 2 SqFt Source: Property Data Card Total # Buildings: 1 Building SqFt: 4494 Style: Commercial Living Apx SqFt: 4494 Year Built: 2005 Total Bedrooms: 2 Full Baths: 2 Half Baths: 2 Total Baths: 4

Remarks & Misc

Remarks – Consumer: One-of-a-kind property in the heart of Old Town Key West! Built new in 2005, this unique mixed-use building features two spacious 1-bedroom, 1-bath apartments with soaring ceilings, plus a versatile office space. The highlight is the expansive garage, formerly home to a private car collection with space for up to 8 vehicles—ideal for storage, a workshop, or endless other possibilities. A rare find with incredible potential in a prime location! Directions: Near the corner of Fleming Street and White Street.

Deed Restrictions

Affordable Housing: 1 Yes: 1

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

Type

Auto Care: 1 Other Comrcl Style: 1 Professional Service: 1 Other Services: 1

Fee Includes

None: 1

Dockage

None: 1

Accounts & Meters

# Sewer Accounts: 1 # Water Meters: 3 # Electric Meters: 3

Appliances

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

Property Info

# Kitchens: 2 # Refrigerators: 2 # Range/Ovens: 2 # Washers: 2 # Dryers: 2 # Dishwashers: 2

Cooling

Central Air: 1 Wall/Window Unit(s): 1

Heating

Central: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Concrete: 1 Tile: 1

Interior Features

Other: 1

Windows/Doors

Other Windows/Doors: 1

Vehicle Storage

Covered Parking: 1 Garage: 1 Off Street Parking: 1

Construction

Frame: 1

Land Size

Less Than 1/4 Acre: 1

Terms

Buyer Obtain Finance: 1 No Seller Finance: 1

Utilities

FKAA: 1 Separate Meters: 1

Title

Negotiable: 1

Miscellaneous

High Traffc Location: 1 High Visibility: 1

Roof

Tin Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Tenant Paid

Cable: 1 Electric: 1 Water: 1

Status Change Info

Sold Date: 2025-10-03 Sold Price: $2,500,000 Status: Closed

Property Features

Deed Restrictions: Affordable Housing; Yes Type: Auto Care; Other Comrcl Style; Professional Service; Other Services Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Garage; Covered Parking; Off Street Parking Cooling: Central Air; Wall/Window Unit(s) Heating: Central Utilities: FKAA; Separate Meters Interior Features: Other Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Miscellaneous: High Traffc Location; High Visibility Construction: Frame Floor: Concrete; Tile Roof: Tin Roof Land Size: Less Than 1/4 Acre Fee Includes: None Terms: Buyer Obtain Finance; No Seller Finance Title: Negotiable Tenant Paid: Cable; Electric; Water

Documents

City of Key West rent ›

Affordable Housing ›

Listing Office: Preferred Properties (KW)

Last Updated: October - 03 - 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.