1223 Margaret Street, Key West, FL 33040
$2,000,000
Property Type:
Residential
Bedrooms:
3
Baths:
5
Square Footage:
2,412
Lot Size (sq. ft.):
3,292
Status:
Closed
Current Price:
$2,000,000
List Date:
1/04/2025
Last Modified:
3/31/2025
Description
Located in Old Town of Key West, this 2412 Sq Ft, 3-story single-family home offers the perfect blend of space, comfort, and island charm. The main house features 3 spacious en-suite bedrooms and 3.5 bathrooms, providing plenty of privacy for family and guests. The 2nd floor has 2 en-suite bedrooms and the 3rd floor features a spacious full-floor primary suite, complete with a sitting room that can easily serve as a fourth bedroom or a home office. The property includes a guest house with a full bathroom, ideal for visitors. Exit the sliding glass doors and you'll find a private in-ground heated pool, creating a tranquil oasis for relaxing and entertaining. This home embodies the best of the Key West lifestyle. Enjoy an easy walk to world-famous Duval Street, Higgs Beach, the White Street Pier, the Historic Seaport District, and many of Key West's renowned restaurants, galleries, and shops. Off-street parking is available at the rear of the house, and there is space to park out front. The property has a strong vacation rental history, making it an excellent investment opportunity, and is located in the X flood zone. Whether you're looking for a full-time residence, a vacation home, or an income-producing property, this single-family home has it all. Experience the best of island living in this exceptional Key West getaway.
More Information MLS# 612955
Contract Information
Listing Board: Key West Association
As is Rght to Inspct: Yes
Species List: No
Current Price: $2,000,000
Listing Date: 2025-01-02
Sold Price: $2,000,000
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 #: 8929610
Handicap Access: No
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: 12029.48
Tax Year: 2023
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: 3
Full Baths: 4
Half Baths: 1
Total Baths: 5
Remarks & Misc
Remarks – Consumer: Located in Old Town of Key West, this 2412 Sq Ft, 3-story single-family home offers the perfect blend of space, comfort, and island charm. The main house features 3 spacious en-suite bedrooms and 3.5 bathrooms, providing plenty of privacy for family and guests. The 2nd floor has 2 en-suite bedrooms and the 3rd floor features a spacious full-floor primary suite, complete with a sitting room that can easily serve as a fourth bedroom or a home office. The property includes a guest house with a full bathroom, ideal for visitors. Exit the sliding glass doors and you'll find a private in-ground heated pool, creating a tranquil oasis for relaxing and entertaining. This home embodies the best of the Key West lifestyle. Enjoy an easy walk to world-famous Duval Street, Higgs Beach, the White Street Pier, the Historic Seaport District, and many of Key West's renowned restaurants, galleries, and shops. Off-street parking is available at the rear of the house, and there is space to park out front. The property has a strong vacation rental history, making it an excellent investment opportunity, and is located in the X flood zone. Whether you're looking for a full-time residence, a vacation home, or an income-producing property, this single-family home has it all. Experience the best of island living in this exceptional Key West getaway.
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: 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
None: 1
Dockage
None: 1
Tax Exemptions
Homestead: 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
Central Air: 1
Wall/Window Unit(s): 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Tile: 1
Wood: 1
Interior Features
Built-in Cabinets: 1
Drapes/Blinds Incl: 1
Entrance Foyer: 1
Security System: 1
Smoke Alarms: 1
Building Style
Above Flood: Yes
Stories: 3 Stories
Windows/Doors
Double Hung Windows: 1
Impact Rstnce Window: 1
Sliding Glass Doors: 1
Vehicle Storage
Car(s): 1
Off Street Parking: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Furnished: 1
Utilities
Cable Available: 1
FKAA: 1
Municipal Sewer: 1
Exterior Features
Detached Guest Qtrs: 1
Pool Info
In Ground: 1
Heated: Yes
Concrete: 1
Pre-Wired
Cable: 1
Roof
Metal Roof: 1
Shutters
Other: 1
Status Change Info
Sold Date: 2025-03-31
Sold Price: $2,000,000
Status: Closed
Property Features
Fee Includes: None
Tax Exemptions: Homestead
License Info: Non Trans Rntl Lic
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Off Street Parking
Furnished: Furnished
Cooling: Central Air; Wall/Window Unit(s)
Utilities: Cable Available; FKAA; Municipal Sewer
Interior Features: Built-in Cabinets; Drapes/Blinds Incl; Entrance Foyer; Security System; Smoke Alarms
Pre-Wired: Cable
Appliances: Dishwasher; Disposal; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features: Detached Guest Qtrs
Pool Info: In Ground; Concrete
Construction: Frame
Shutters: Other
Floor: Tile; Wood
Roof: Metal Roof
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Listing Office:
Coldwell Banker Schmitt Real Estate Co. (KW)
Last Updated: March - 31 - 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.
