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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.