1115 Varela Street, Key West, FL 33040
$799,000
Property Type:
Residential
Bedrooms:
3
Baths:
2
Square Footage:
1,292
Lot Size (sq. ft.):
2,324
Status:
Active
Current Price:
$799,000
List Date:
9/22/2025
Last Modified:
11/08/2025
Description
**Investor Alert, reduced $180,000 from the original listed price. ** Nestled on a charming street in the heart of Old Town Key West, 1115 Varela Street is the renovation project that you have been waiting for. This historic treasure would be a perfect project for an investor, developer or anyone looking to restore a historic Key West gem. Currently configured as a 3BD/2BA with a large outside deck and an ideal positioned detached unfinished utility shed. The lot dimensions are 21 x 111. This will allow you the ability to build a pool and create an outdoor tropical oasis. Centrally located and in an X-flood zone make this property highly desirable. Schedule your private tour today! Priced to sell!
More Information MLS# 616582
Contract Information
Listing Board: Key West Association
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Current Price: $799,000
Listing Date: 2025-09-22
List Price: $799,000
Location, Tax & Legal
KW Neighborhood: Old Town-S of Truman
City: KEY WEST
Off Shore Island: No
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Median
Flood Zone: 0.2 PCT ANNUAL CHANC
Alternate Key #: 1033642
Parcel #: 00032880-000000
Zoning: HMDR - Historic Medium Density Residential
Deed Restrictions: No
Legal: KW GWYNN SUB 0-195 PT LOT 13 SQR 2 TR 13 G54-213/14 G55-41/42 OR81-120/21 OR2132-1293/94 OR2179-599/600L/E OR2179-2469/7
Taxes: 1088.32
Tax Year: 2024
Pub Sewer HkUp: Yes
Street #: 1115
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
General Property Description
Realtor.COM Type: Residential - Single Family
Waterfront: No
Control Depth: 0
Lot Size: 21 X 111
Lot SqFt: 2324
Pool: No
Lot Sqft Source: Property Data Card
Total Units: 1
Acres: 0.05
SqFt Source: Property Data Card
Rentals Allowed: With Restrictions
Min Rental Days: 30
Style: Single Family
Year Built: 1948
Living Apx SqFt: 1292
Total Bedrooms: 3
Full Baths: 2
Total Baths: 2
Remarks & Misc
Remarks – Consumer: **Investor Alert, reduced $180,000 from the original listed price. ** Nestled on a charming street in the heart of Old Town Key West, 1115 Varela Street is the renovation project that you have been waiting for. This historic treasure would be a perfect project for an investor, developer or anyone looking to restore a historic Key West gem. Currently configured as a 3BD/2BA with a large outside deck and an ideal positioned detached unfinished utility shed. The lot dimensions are 21 x 111. This will allow you the ability to build a pool and create an outdoor tropical oasis. Centrally located and in an X-flood zone make this property highly desirable. Schedule your private tour today! Priced to sell!
Directions: From United Street, turn on Varela Street. Property is on the right-hand side.
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
Appliances
Dishwasher: 1
Range: 1
Pets
Pets Allowed: 1
Cooling
Ceiling Fans(s): 1
Wall/Window Unit(s): 1
Heating
None: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Vinyl: 1
Interior Features
Pantry: 1
Storage: 1
Property Condition
Fixer Upper: 1
Building Style
A-Frame: 1
Above Flood: Yes
Stories: 2 Stories
Windows/Doors
Awning Windows: 1
Jalousie Windows: 1
Sliding Glass Doors: 1
Vehicle Storage
Off Street Parking: 1
Security
No Security: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Unfurnished: 1
Terms
Cash: 1
Conventional: 1
No Seller Finance: 1
Utilities
Cable Available: 1
Elect Separate Meter: 1
FKAA: 1
Municipal Sewer: 1
Porch/Balcony
Open Porch/Balcony: 1
Title
Negotiable: 1
Exterior Features
Fencing: 1
Shed: 1
Roof
Metal Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Standard Sale: Yes
Accessibility Feat
Parking: 1
Shutters
Clam Shell: 1
Status Change Info
Status: Active
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Property Condition: Fixer Upper
Building Style: A-Frame
Vehicle Storage: Off Street Parking
Furnished: Unfurnished
Cooling: Ceiling Fans(s); Wall/Window Unit(s)
Heating: None
Utilities: Cable Available; Elect Separate Meter; FKAA; Municipal Sewer
Interior Features: Pantry; Storage
Appliances: Dishwasher; Range
Exterior Features: Fencing; Shed
Accessibility Feat: Parking
Construction: Frame
Shutters: Clam Shell
Floor: Vinyl
Roof: Metal Roof
Pets: Pets Allowed
Security: No Security
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; No Seller Finance
Title: Negotiable
Room Information
Bedroom 1
Length: 11.60
Level: Main
Length: 11.60
Width: 13.80
Width: 13.80
Remarks: MAIN FLOOR BR
Bedroom 2
Length: 16.00
Level: Second
Length: 16.00
Width: 9.80
Width: 9.80
Remarks: UPSTAIRS BR 1
Bedroom 3
Length: 16.00
Level: Second
Length: 16.00
Width: 9.20
Width: 9.20
Remarks: UPSTAIRS BR 2
Full Bathroom
Length: 4.20
Level: Main
Length: 4.20
Width: 13.80
Width: 13.80
Remarks: MAIN FLOOR BATH
Full Bathroom
Length: 9.10
Level: Second
Length: 9.10
Width: 9.80
Width: 9.80
Remarks: UPSTAIRS BATH ROOM
Kitchen
Length: 16.00
Level: Main
Length: 16.00
Width: 9.60
Width: 9.60
Dining Room
Length: 12.80
Level: Main
Length: 12.80
Width: 9.70
Width: 9.70
Living Room
Length: 16.00
Level: Main
Length: 16.00
Width: 9.50
Width: 9.50
Listing Office:
Keller Williams Key West Compass Realty
Last Updated: November - 08 - 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.