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1022 Watson Lane, Key West, FL 33040

$950,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 968 Lot Size (sq. ft.): 1,535 Status: Active
Current Price: $950,000 List Date: 12/23/2025 Last Modified: 4/01/2026

Overview

Description

Old Town opportunity with the features buyers ask for most: private pool, garage, and X-zone location. This 3-bedroom, 2 full bath, 1 half bath home offers a flexible two-story layout with the main living space upstairs and a separate downstairs lock-out with its own entrance, ideal for guests, extended family, or a private home office setup. The home also features wood floors, central air, French doors, deck and balcony space, and a fenced setting designed for relaxed Key West living. Built in 1934, this property blends character, versatility, and a prime Old Town location with room to make it your own.

Listing Details MLS# 617812

Location, Tax & Legal

Street #
1022
Street Name
Watson
Street Suffix
Lane
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
City
KEY WEST
Mile Marker
1
Marathon Neighborhood
N/A
Side
Ocean
Flood Zone
X
Alternate Key #
8643705
Handicap Access
No
Parcel #
00032610-000100
Zoning
HMDR - Historic Medium Density Residential
Deed Restrictions
Unknown
Legal
KW GWYNN SUB PT LOT 19 SQR 1 TR 13 OR876-2010 OR1121-1508 OR1121-806 OR1142-1001 OR1142-1005 OR1171-511 OR1425-1418 OR14
Taxes
3591.74
Tax Year
2025
Pub Sewer HkUp
Yes

Contract Information

Listing Board
Key West Association

General Property Description

Realtor.COM Type
Residential - Single Family
Style
Single Family
Waterfront
No
Pool
Yes
Year Built
1934
Lot SqFt
1535
Acres
0.04
Living Apx SqFt
968
SqFt Source
Tax Records
Total Bedrooms
3
Full Baths
2
Half Baths
Yes
Total Baths
3
Rentals Allowed
Yes
Min Rental Days
30
Control Depth
0
Total Units
0

Association Info

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

Building Style

Above Flood
Yes
Stories
2 Stories

More Information

Remarks & Misc

Remarks – Consumer
Old Town opportunity with the features buyers ask for most: private pool, garage, and X-zone location. This 3-bedroom, 2 full bath, 1 half bath home offers a flexible two-story layout with the main living space upstairs and a separate downstairs lock-out with its own entrance, ideal for guests, extended family, or a private home office setup. The home also features wood floors, central air, French doors, deck and balcony space, and a fenced setting designed for relaxed Key West living. Built in 1934, this property blends character, versatility, and a prime Old Town location with room to make it your own.

Fee Includes

None
Yes

Dockage

None
Yes

Tax Exemptions

Homestead
Yes

Appliances

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

Pets

Pets Allowed
Yes

Cooling

Ceiling Fans(s)
Yes
Central Air
Yes

Waterfront

None
Yes

Waterview

No Waterview
Yes

Floor

Wood
Yes

Windows/Doors

French Doors
Yes
Single Hung Windows
Yes

Vehicle Storage

Garage
Yes

Construction

Frame
Yes

Land Size

Less Than 1/4 Acre
Yes

Furnished

Unfurnished
Yes

Terms

Cash
Yes
Conventional
Yes
FHA
Yes

Utilities

FKAA
Yes
Municipal Sewer
Yes

Porch/Balcony

Deck
Yes
Open Porch/Balcony
Yes

Title

Negotiable
Yes

Exterior Features

Privacy Wall/Fence
Yes
Storage
Yes
Water Display
Yes

Pool Info

In Ground
Yes
Concrete
Yes
Decked
Yes

Shutters

Other
Yes

Property Features

Fee Includes: None Tax Exemptions: Homestead Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Garage Furnished: Unfurnished Cooling: Ceiling Fans(s); Central Air Utilities: FKAA; Municipal Sewer Appliances: Dishwasher; Disposal; Dryer; Freezer; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Privacy Wall/Fence; Storage; Water Display Pool Info: In Ground; Concrete; Decked Construction: Frame Shutters: Other Floor: Wood Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; FHA Title: Negotiable

Room Information

Room Name Level
Full Bathroom Second
Bedroom 1 Second
Living Room Second
Kitchen Second
Dining Room Second
Bedroom 2 Main
Bedroom 3 Main
Full Bathroom Main
Half Bathroom Main
Listing Office: Island Life Realty Experts
Last Updated: April - 01 - 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.