1217 Johnson St & 1224 Flagler Avenue, Key West, FL 33040
$6,194,000
Property Type:
Residential
Bedrooms:
10
Baths:
10
Square Footage:
5,796
Lot Size (sq. ft.):
9,260
Status:
Active
Current Price:
$6,194,000
List Date:
12/01/2025
Last Modified:
12/04/2025
Description
A rare multi-property investment opportunity in the heart of Key West. Offered together at a discounted price, 1217 Johnson Street and 1224 Flagler Avenue sit back-to-back and provide exceptional flexibility, rental income, and the potential to create a private compound or multi-generational retreat.
1217 Johnson Street is a newly built 5BD/6BA luxury home elevated above floodwaters and constructed with Category 5 hurricane protection, impact windows/doors, Hardie siding, and a generator. Located just steps from Higgs Beach, this 3,600+ sq ft residence blends modern design and island charm. A dramatic two-story foyer opens to the saltwater pool and waterfall, with glass doors that merge indoor and outdoor living. Enjoy a gazebo, lush landscaping, and a poolside cabana with bath. The chef's kitchen features quartz counters, shaker cabinets, a waterfall island, and Viking appliances. Upstairs are two primary suites with Juliet balconies, plus additional bedrooms and a flexible bonus room. Gated parking for two vehicles completes this private oasis.
1224 Flagler Avenue is a legal duplex with a separate 1BD/1BA private suite, offering multiple revenue streams. Unit B is a turnkey 2BD/1BA with updated flooring, renovated kitchen, stainless appliances, laundry, and shared backyard. The detached suite provides its own entrance for guests or added income. Unit A is a 2BD/2BA with tile floors, island kitchen, laundry, and a private fenced yard, easily enhanced with a light refresh.
Together, these properties deliver versatility, income potential, and a unique chance to own two desirable Key West homes in a premium location.
More Information MLS# 617519
Contract Information
Listing Board: Key West Association
Potential Short Sale: No
Bank Owned: No
Current Price: $6,194,000
Listing Date: 2025-12-01
List Price: $6,194,000
Location, Tax & Legal
KW Neighborhood: Midtown West
City: KEY WEST
Mile Marker: 2
Marathon Neighborhood: N/A
Side: Median
Flood Zone: AE,AE
Alternate Key #: 1060151
Add'l Parcel #1: 00059670-000000
Parcel #: 00059680-000000
Add'l Parcel #2: 00059670-000100
Zoning: SF - Single Family
Deed Restrictions: Unknown
Legal: KW EAST MARTELLO TOWERS PB 2-47 SUB OF PT TR 28 LOT 7 OR329-169/170 OR365-478/479 OR918-1365/1366 OR1105-1036 OR1338-25
Taxes: 42701
Tax Year: 2024
Pub Sewer HkUp: Yes
Street #: 1217
Street Name: Johnson St & 1224 Flagler
Street Suffix: Avenue
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: East Martello Towers (2.0)
Area: 03 - Key West
General Property Description
Realtor.COM Type: Residential - Single Family
Waterfront: No
Control Depth: 0
Lot SqFt: 9260
Pool: Yes
Lot Sqft Source: Property Data Card
Total Units: 4
SqFt Source: Property Data Card
Rentals Allowed: With Restrictions
Min Rental Days: 28
Style: Multi-Units
Year Built: 2022
Living Apx SqFt: 5796
Total Bedrooms: 10
Full Baths: 10
Total Baths: 10
Remarks & Misc
Remarks – Consumer: A rare multi-property investment opportunity in the heart of Key West. Offered together at a discounted price, 1217 Johnson Street and 1224 Flagler Avenue sit back-to-back and provide exceptional flexibility, rental income, and the potential to create a private compound or multi-generational retreat.
1217 Johnson Street is a newly built 5BD/6BA luxury home elevated above floodwaters and constructed with Category 5 hurricane protection, impact windows/doors, Hardie siding, and a generator. Located just steps from Higgs Beach, this 3,600+ sq ft residence blends modern design and island charm. A dramatic two-story foyer opens to the saltwater pool and waterfall, with glass doors that merge indoor and outdoor living. Enjoy a gazebo, lush landscaping, and a poolside cabana with bath. The chef's kitchen features quartz counters, shaker cabinets, a waterfall island, and Viking appliances. Upstairs are two primary suites with Juliet balconies, plus additional bedrooms and a flexible bonus room. Gated parking for two vehicles completes this private oasis.
1224 Flagler Avenue is a legal duplex with a separate 1BD/1BA private suite, offering multiple revenue streams. Unit B is a turnkey 2BD/1BA with updated flooring, renovated kitchen, stainless appliances, laundry, and shared backyard. The detached suite provides its own entrance for guests or added income. Unit A is a 2BD/2BA with tile floors, island kitchen, laundry, and a private fenced yard, easily enhanced with a light refresh.
Together, these properties deliver versatility, income potential, and a unique chance to own two desirable Key West homes in a premium location.
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
Dryer: 1
Microwave: 1
Oven: 1
Range: 1
Refrigerator: 1
Washer: 1
Pets
Pets Allowed: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Heating
Central: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Tile: 1
Wood: 1
Interior Features
Built-in Cabinets: 1
Drapes/Blinds Incl: 1
Quartz Countertops: 1
Walk-in Closet(s): 1
Whirlpool Bath Tub: 1
Property Condition
Updated/Remodeled: 1
Specialty Rooms
Laundry Room: 1
Building Style
Above Flood: Unknown
Ground Level: 1
Stories: 2 Stories
Windows/Doors
Impact Rstnce Doors: 1
Impact Rstnce Window: 1
Sliding Glass Doors: 1
Vehicle Storage
Off Street Parking: 1
Security
Electric Gate: 1
Construction
CBS: 1
Frame: 1
Hardi Board Siding: 1
Land Size
More than 1 Lot: 1
Terms
Cash: 1
Conventional: 1
Utilities
Buyer to Verify: 1
Elect Separate Meter: 1
FKAA: 1
Municipal Sewer: 1
Water Separate Meter: 1
Whole House Generatr: 1
Porch/Balcony
Deck: 1
Open Porch/Balcony: 1
Exterior Features
Gazebo: 1
Lighting: 1
Outdoor Shower: 1
Privacy Wall/Fence: 1
Shed: 1
Water Display: 1
Pool Info
In Ground: 1
Heated: Yes
Concrete: 1
Roof
Metal Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Property Condition: Updated/Remodeled
Building Style: Ground Level
Vehicle Storage: Off Street Parking
Cooling: Ceiling Fans(s); Central Air
Heating: Central
Utilities: Buyer to Verify; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter; Whole House Generatr
Interior Features: Built-in Cabinets; Drapes/Blinds Incl; Quartz Countertops; Walk-in Closet(s); Whirlpool Bath Tub
Specialty Rooms: Laundry Room
Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Washer
Exterior Features: Gazebo; Lighting; Outdoor Shower; Privacy Wall/Fence; Shed; Water Display
Pool Info: In Ground; Concrete
Construction: CBS; Frame; Hardi Board Siding
Floor: Tile; Wood
Roof: Metal Roof
Pets: Pets Allowed
Security: Electric Gate
Land Size: More than 1 Lot
Terms: Cash; Conventional
Listing Office:
Truman & Co. (KW)
Last Updated: December - 04 - 2025
Broker Attribution:
3055873407
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.
