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1016 Varela Street Rear, Key West, FL 33040

$1,299,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,306 Lot Size (sq. ft.): 2,218 Status: Active
Current Price: $1,299,000 List Date: 2/20/2026 Last Modified: 4/07/2026

Overview

Description

Tucked quietly behind neighboring homes in the heart of Key West, 1016 Varela St. Rear offers privacy, flexibility and an exceptional walkable lifestyle. From this convenient location, you can easily walk to beaches, restaurants, coffee shops and the local grocery store, allowing you to enjoy the best of Key West without a car. Originally built in the early 1920's this historic home has been thoughtfully renovated, with the most recent renovations in 2024, blending the historic character with modern updates throughout. Interior features an updated kitchen with smart appliances, new updated bathrooms and beautiful hardwood floors, creating a comfortable and move-in ready space. Impact windows and doors provide both storm protection and excellent sound insulation. The property is accessed by a walkway that leads past neighboring homes, creating a quiet and private setting, that feels tucked away from the street while still being close to everything Old Town has to offer. A welcomi ...

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Listing Details MLS# 618738

Location, Tax & Legal

Street #
1016
Street Name
Varela
Street Suffix
Street
Key/Island
Key West
State/Province
FL
Zip Code
33040
County
Monroe
Subdivision
Gwynn Sub (1.0)
Area
02 - Key West
KW Neighborhood
Old Town-S of Truman
Unit #
Rear
City
KEY WEST
Mile Marker
1
Marathon Neighborhood
N/A
Side
Median
Flood Zone
0.2 PCT ANNUAL CHANC
Alternate Key #
9104094
Handicap Access
No
Parcel #
00032610000320
Zoning
HMDR - Historic Medium Density Residential
Deed Restrictions
Unknown
Legal
Kw Gwynn Sub 0-195 Pt Lot 19 Sqr 1 Tr 13 (A/K/A Parcel B 1016 Varela Townhomes) G5-559 Or654-780 Or1425-1425 Or1614-2031
Taxes
7823.67
Tax Year
2025
Pub Sewer HkUp
Yes

Contract Information

Listing Board
Key West Association
Potential Short Sale
No
Bank Owned
No

General Property Description

Realtor.COM Type
Residential - Single Family
Style
Single Family
Waterfront
No
Pool
No
Year Built
1924
Lot SqFt
2218
Acres
0.05
Living Apx SqFt
1306
SqFt Source
Property Data Card
Total Bedrooms
3
Full Baths
3
Total Baths
3
Rentals Allowed
With Restrictions
Min Rental Days
28
Control Depth
0

Association Info

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

License Info

# of City License
Yes

More Information

Building Style

Above Flood
Yes
Stories
2 Stories
Conch
Yes

Financial Status

Bank Owned
No
Potential Short Sale
No
Standard Sale
Yes

Remarks & Misc

Remarks – Consumer
Tucked quietly behind neighboring homes in the heart of Key West, 1016 Varela St. Rear offers privacy, flexibility and an exceptional walkable lifestyle. From this convenient location, you can easily walk to beaches, restaurants, coffee shops and the local grocery store, allowing you to enjoy the best of Key West without a car. Originally built in the early 1920's this historic home has been thoughtfully renovated, with the most recent renovations in 2024, blending the historic character with modern updates throughout. Interior features an updated kitchen with smart appliances, new updated bathrooms and beautiful hardwood floors, creating a comfortable and move-in ready space. Impact windows and doors provide both storm protection and excellent sound insulation. The property is accessed by a walkway that leads past neighboring homes, creating a quiet and private setting, that feels tucked away from the street while still being close to everything Old Town has to offer. A welcoming front porch provides a peaceful place to relax, while the backyard offers space for a future pool, storage and lots of warm Key West sunshine. A separate second-Floor apartment provides additional flexibility, ideal for visiting family, adult children or potential rental income while maintaining privacy between living spaces. The apartment can be accessed by a second property entrance via Watson Lane. For those that qualify, this property offers an assumable VA mortgage at very competitive rates. 1016 Varela St. Rear offers that rare combination of historic charm, modern updates and a location that truly captures the convenience of Old Town living.
Directions
Between Truman & Virginia on Varela. Walkway located adjacent to 1016.

Fee Includes

None
Yes

Dockage

None
Yes

Tax Exemptions

None
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Microwave
Yes
Oven
Yes
Refrigerator
Yes
Stainless Steel Appliance(s)
Yes
Washer
Yes

Pets

Pets Allowed
Yes

Cooling

Ceiling Fans(s)
Yes
Ductless
Yes

Waterfront

None
Yes

Waterview

No Waterview
Yes

Floor

Wood
Yes

Interior Features

Cathedral Ceilings
Yes
Fire Sprinkler
Yes
Quartz Countertops
Yes
Smoke Alarms
Yes

Property Condition

Updated/Remodeled
Yes

Construction

CBS
Yes
Frame
Yes

Land Size

Less Than 1/4 Acre
Yes

Furnished

Negotiable
Yes

Utilities

FKAA
Yes
Municipal Sewer
Yes
Well
Yes

Porch/Balcony

Deck
Yes
Open Porch/Balcony
Yes

Pre-Wired

Cable
Yes

Roof

Metal Roof
Yes

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Building Style: Conch Furnished: Negotiable Cooling: Ceiling Fans(s); Ductless Utilities: FKAA; Municipal Sewer; Well Interior Features: Cathedral Ceilings; Fire Sprinkler; Quartz Countertops; Smoke Alarms Pre-Wired: Cable Appliances: Dishwasher; Dryer; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s); Washer Construction: CBS; Frame Floor: Wood Roof: Metal Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre

Room Information

Room Name Length Width
Bedroom 2
Kitchen 11.70 12.96
Living Room 13.29 21.37
Bedroom 1 24.82 13.72
Listing Office: Suzanne Moore Real Estate
Last Updated: April - 07 - 2026
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.