1223 Margaret Street 4, Key West, FL 33040
New Listing
$2,949,000
Property Type:
Residential
Bedrooms:
4
Baths:
5
Square Footage:
2,412
Lot Size (sq. ft.):
3,292
Status:
Active
Current Price:
$2,949,000
List Date:
12/10/2025
Last Modified:
12/10/2025
Description
Turnkey Old Town Key West Luxury - Pool, Guest Cottage & Parking
Escape to paradise in this exquisite 2412sf 3 story home located in Old Town Key West not far from the Casa Marina area. A rare blend of historic charm and luxury, this fully furnished, turnkey property invites you to live the island dream or step into a ready-to-go monthly vacation rental opportunity.
Inside, discover airy open living spaces filled with natural light, high ceilings, and elegant finishes. The kitchen boasts stainless steel appliances, custom cabinetry, and a spacious layout perfect for entertaining. Each of the three bedrooms features a private en-suite bath, with an additional half bath for guests. The primary master suite located on its own floor offers a flexible bonus room—ideal as a 4th bedroom, home office, or private retreat.
Step outside to your private resort-style oasis. Lounge by the in-ground concrete heated pool, with hot tub and water fall feature, relax on the front and back porches, or stroll the brick-paved path thru lush tropical landscaping. The property is fully fenced with a white picket fence offering charm and character as well as for privacy. Has an off-street parking spot in the back as well as off street parking in the front and guest parking on the side, a luxury in Old Town.
The guest cottage provides a perfect hideaway with its own full bathroom and multifunctional living/bedroom setup perfect for a futon or Murphy bed—ideal for guests, remote work, or rental flexibility. Four cruiser bikes are included for effortless island exploration.
Just steps from fine dining, world-class beaches, and vibrant Duval Street, this home delivers the perfect balance of luxury, convenience, and investment potential.
Live the ultimate Key West lifestyle—move in, relax, and start earning from day one.
More Information MLS# 617658
Contract Information
Listing Board: Key West Association
As is Rght to Inspct: No
Species List: No
Current Price: $2,949,000
Listing Date: 2025-12-10
List Price: $2,949,000
Location, Tax & Legal
KW Neighborhood: Old Town-S of Truman
Unit #: 4
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Median
Flood Zone: 0.2 PCT ANNUAL CHANC
Alternate Key #: 8929610
Parcel #: 00029650-000104
Zoning: HMDR - Historic Medium Density Residential
Deed Restrictions: Unknown
Legal: UNIT 4 SECLUDED GARDENS OF KEY WEST A CONDO AND PARKING SPACE 4 OR1583-1176/77 OR2581-411/12 OR2856-1629/32
Taxes: 13647.75
Tax Year: 2024
Pub Sewer HkUp: Yes
Street #: 1223
Street Name: Margaret
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Key West Investment Co Sub (1.0)
Area: 02 - Key West
General Property Description
Realtor.COM Type: Residential - Single Family
Waterfront: No
Control Depth: 0
Lot SqFt: 3292
Pool: Yes
Lot Sqft Source: Property Data Card
Total Units: 0
Acres: 0.08
SqFt Source: Property Data Card
Rentals Allowed: With Restrictions
Min Rental Days: 28
Style: Single Family
Year Built: 1999
Living Apx SqFt: 2412
Total Bedrooms: 4
Full Baths: 4
Half Baths: 1
Total Baths: 5
Remarks & Misc
Remarks – Consumer: Turnkey Old Town Key West Luxury - Pool, Guest Cottage & Parking
Escape to paradise in this exquisite 2412sf 3 story home located in Old Town Key West not far from the Casa Marina area. A rare blend of historic charm and luxury, this fully furnished, turnkey property invites you to live the island dream or step into a ready-to-go monthly vacation rental opportunity.
Inside, discover airy open living spaces filled with natural light, high ceilings, and elegant finishes. The kitchen boasts stainless steel appliances, custom cabinetry, and a spacious layout perfect for entertaining. Each of the three bedrooms features a private en-suite bath, with an additional half bath for guests. The primary master suite located on its own floor offers a flexible bonus room—ideal as a 4th bedroom, home office, or private retreat.
Step outside to your private resort-style oasis. Lounge by the in-ground concrete heated pool, with hot tub and water fall feature, relax on the front and back porches, or stroll the brick-paved path thru lush tropical landscaping. The property is fully fenced with a white picket fence offering charm and character as well as for privacy. Has an off-street parking spot in the back as well as off street parking in the front and guest parking on the side, a luxury in Old Town.
The guest cottage provides a perfect hideaway with its own full bathroom and multifunctional living/bedroom setup perfect for a futon or Murphy bed—ideal for guests, remote work, or rental flexibility. Four cruiser bikes are included for effortless island exploration.
Just steps from fine dining, world-class beaches, and vibrant Duval Street, this home delivers the perfect balance of luxury, convenience, and investment potential.
Live the ultimate Key West lifestyle—move in, relax, and start earning from day one.
Directions: White st turn onto United st and home on corner of United and Margaret
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Assoc Approval Req: No
Association Fee $: 500
Assoc/Mnt Fee Per: Yearly
License Info
# of City License: 1
# of County License: 1
Non Trans Rntl Lic: 1
Fee Includes
Other: 1
Dockage
None: 1
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Oven: 1
Range: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Washer: 1
Pets
Pets Allowed: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Wall/Window Unit(s): 1
Heating
Electric: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Tile: 1
Wood: 1
Interior Features
Built-in Cabinets: 1
Entrance Foyer: 1
Smoke Alarms: 1
Split Bedroom: 1
Storage: 1
Window Treatments: 1
Property Condition
Updated/Remodeled: 1
Specialty Rooms
Guest/Servant Qtrs: Legal
Other: 1
Building Style
Above Flood: Yes
Stories: 3 Stories
Windows/Doors
Impact Rstnce Doors: 1
Impact Rstnce Window: 1
Sliding Glass Doors: 1
Vehicle Storage
Car(s): 2
Guest Parking: 1
Off Street Parking: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Furnished: 1
Terms
Cash: 1
Conventional: 1
VA: 1
Utilities
Elect Separate Meter: 1
FKAA: 1
Municipal Sewer: 1
Water Separate Meter: 1
Porch/Balcony
Open Porch/Balcony: 1
Title
Negotiable: 1
Exterior Features
Detached Guest Qtrs: 1
Fencing: 1
Lighting: 1
Privacy Wall/Fence: 1
Water Display: 1
Pool Info
In Ground: 1
Heated: Yes
Concrete: 1
Decked: 1
Pre-Wired
Cable: 1
Roof
Metal Roof: 1
Shutters
Other: 1
Status Change Info
Status: Active
Property Features
Fee Includes: Other
Tax Exemptions: None
License Info: Non Trans Rntl Lic
Waterfront: None
Waterview: No Waterview
Dockage: None
Property Condition: Updated/Remodeled
Vehicle Storage: Guest Parking; Off Street Parking
Furnished: Furnished
Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s)
Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter
Interior Features: Built-in Cabinets; Entrance Foyer; Smoke Alarms; Split Bedroom; Storage; Window Treatments
Pre-Wired: Cable
Specialty Rooms: Other
Appliances: Dishwasher; Disposal; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features: Detached Guest Qtrs; Fencing; Lighting; Privacy Wall/Fence; Water Display
Pool Info: In Ground; Concrete; Decked
Construction: Frame
Shutters: Other
Floor: Tile; Wood
Roof: Metal Roof
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; VA
Title: Negotiable
Listing Office:
Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: December - 10 - 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.
