305 Whitehead Street, Key West, FL 33040
$1,750,000
Property Type:
Residential
Bedrooms:
3
Baths:
3
Square Footage:
1,676
Lot Size (sq. ft.):
3,120
Status:
Closed
Current Price:
$1,750,000
List Date:
6/07/2022
Last Modified:
8/26/2024
Description
This is an exceptional property in a great Old Town Key West location with OWNER FINANCING possible.
Three legal, separately metered units, in a 1676 square foot building located in the Historic Residential/Office zoning district (HRO). The building can be used for either residential, offices, or be mixed use. The front two units (downstairs and upstairs) are currently used as a combined space with the original historic interior staircase and much of the original trim-work. The building is designated as an historic structure originally built by Bradish W. (Hog) Johnson, Master Wrecker 1846-1914 and owner of Key West Wrecking Company, from ships' timbers salvaged from the reefs off of Key West.
For residential use an on-street parking permit can be purchased from the City for approximately $80/year to use in metered parking areas in front of the building. For office use the City requires one reserved parking space for every 300 square feet of building used for offices to be located within 500 feet of the building.
The building has been completely renovated and updated for its current use as offices in the front of the building (downstairs and upstairs units) and a separate rear centrally air conditioned one bedroom apartment with a private rear yard and deck. All new interior wiring and exterior meter bases. New plumbing lines, water heaters, and modern fixtures throughout. Also recently installed code compliant roofs, shutters, windows and doors. The main levels of the building are ADA compliant with bricked walkways and ramps incorporated into a nicely landscaped yard.
A Letter of Map Amendment (LOMA) was obtained from the National Flood Insurance Program (NFIP) classifying the building as being in the equivalent of an X-Zone for flood insurance purposes.
More Information MLS# 600869
Contract Information
Listing Board: Key West Association
As is Rght to Inspct: Yes
Species List: No
Current Price: $1,750,000
Listing Date: 2022-05-04
Sold Price: $1,750,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Off Shore Island: No
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Bay/Gulf
Flood Zone: AE,0.2 PCT ANNUAL CH
Alternate Key #: 1004707
Handicap Access: Yes
Parcel #: 00004520-000000
Zoning: HRO - Historic Residential/Office
Deed Restrictions: Unknown
Legal: KW PT LOT 3 SQR 25 OR87-76-77 OR781-854/59 PROB77-272 OR825-1104/09 OR825-1110 OR825-1117 OR868-506 OR1000-2489 OR2738-1
Taxes: 7291.52
Tax Year: 2021
Pub Sewer HkUp: Yes
Street #: 305
Street Name: Whitehead
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Old Town - Unrecord (1.0)
Area: 01 - Key West
General Property Description
Realtor.COM Type: Multi-family
Waterfront: No
Control Depth: 0
Lot SqFt: 3120
Pool: No
Total Units: 3
Acres: 0.07
SqFt Source: Tax Records
Rentals Allowed: With Restrictions
Min Rental Days: 30
Style: Single Family
Year Built: 1938
Living Apx SqFt: 1676
Total Bedrooms: 3
Full Baths: 3
Total Baths: 3
Remarks & Misc
Remarks – Consumer: This is an exceptional property in a great Old Town Key West location with OWNER FINANCING possible.
Three legal, separately metered units, in a 1676 square foot building located in the Historic Residential/Office zoning district (HRO). The building can be used for either residential, offices, or be mixed use. The front two units (downstairs and upstairs) are currently used as a combined space with the original historic interior staircase and much of the original trim-work. The building is designated as an historic structure originally built by Bradish W. (Hog) Johnson, Master Wrecker 1846-1914 and owner of Key West Wrecking Company, from ships' timbers salvaged from the reefs off of Key West.
For residential use an on-street parking permit can be purchased from the City for approximately $80/year to use in metered parking areas in front of the building. For office use the City requires one reserved parking space for every 300 square feet of building used for offices to be located within 500 feet of the building.
The building has been completely renovated and updated for its current use as offices in the front of the building (downstairs and upstairs units) and a separate rear centrally air conditioned one bedroom apartment with a private rear yard and deck. All new interior wiring and exterior meter bases. New plumbing lines, water heaters, and modern fixtures throughout. Also recently installed code compliant roofs, shutters, windows and doors. The main levels of the building are ADA compliant with bricked walkways and ramps incorporated into a nicely landscaped yard.
A Letter of Map Amendment (LOMA) was obtained from the National Flood Insurance Program (NFIP) classifying the building as being in the equivalent of an X-Zone for flood insurance purposes.
Directions: Located on Whitehead Street diagonally across from Truman Annex Presidential Gates between Eaton and Caroline Streets.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
License Info
Transient Rntl Licns: No
Fee Includes
None: 1
Dockage
None: 1
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Refrigerator: 1
Washer: 1
Pets
Pets Allowed: 1
Cooling
Heat: 1
Heat Pump: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Wood: 1
Property Condition
Updated/Remodeled: 1
Building Style
Above Flood: Unknown
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Partially: 1
Terms
Seller Finance Psble: 1
Utilities
Elect Separate Meter: 1
FKAA: 1
Municipal Sewer: 1
Water Separate Meter: 1
Pre-Wired
Cable: 1
Financial Status
Standard Sale: Yes
Accessibility Feat
Accessible: 1
Status Change Info
Sold Date: 2022-06-29
Sold Price: $1,750,000
Status: Closed
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Property Condition: Updated/Remodeled
Furnished: Partially
Cooling: Heat; Heat Pump
Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter
Pre-Wired: Cable
Appliances: Dishwasher; Disposal; Dryer; Refrigerator; Washer
Accessibility Feat: Accessible
Construction: Frame
Floor: Wood
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Terms: Seller Finance Psble
Listing Office:
Preferred Properties (KW)
Last Updated: August - 26 - 2024
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.
