3729 Paula Avenue, Key West, FL 33040
$695,000
Property Type:
Residential
Bedrooms:
3
Baths:
2
Square Footage:
1,359
Lot Size (sq. ft.):
5,500
Status:
Active
Current Price:
$695,000
List Date:
11/07/2025
Last Modified:
11/07/2025
Description
Unlock the potential of this prime property located in the highly sought-after New Town Key West. Situated on a spacious 5,500 sq ft lot, this single-level home offers over 1,300 sq ft of air-conditioned living space, including three bedrooms and a versatile sunroom that can serve as a fourth bedroom. With ample room for an in-ground pool, a full bath, and a half guest bath, this property is perfect for maximizing rental income or creating a luxurious retreat.
Built in 1963, the home features durable concrete construction and timeless mid-century modern design, ensuring long-term value and appeal. The large covered parking area accommodates multiple vehicles, making it ideal for tenants or guests, and can double as an entertainment space.
This property is zoned for both monthly and long-term rentals, offering investors a lucrative opportunity in one of Florida's most desirable destinations. Whether you're looking to add a turnkey rental to your portfolio or undertake a full renovation to increase value, this property provides unmatched flexibility.
As a short sale, this is a rare chance to acquire a valuable asset at a competitive price. Listed at $695,000, all offers are subject to lender approval. Don't miss out on this incredible investment opportunity in Key West—submit your offer today!
More Information MLS# 617224
Contract Information
Listing Board: Key West Association
Potential Short Sale: Yes
Bank Owned: No
Current Price: $695,000
Listing Date: 2025-11-07
List Price: $695,000
Location, Tax & Legal
KW Neighborhood: New Town
City: KEY WEST
Mile Marker: 4
Marathon Neighborhood: N/A
Side: Median
Flood Zone: AE,AE
Alternate Key #: 1055492
Parcel #: 00054900-000000
Zoning: SF - Single Family
Deed Restrictions: Unknown
Legal: REPLAT OF BLOCK 3 PEARLMAN ESTATES KW PB3-171 LOT 18 BLK 3 OR263-110 OR540-67 OR2043-2323/2324(ORDER) OR2051-417 OR2051
Taxes: 5585.96
Tax Year: 2024
Pub Sewer HkUp: Yes
Street #: 3729
Street Name: Paula
Street Suffix: Avenue
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Pearlman Est (4.0)
Area: 04 - Key West
General Property Description
Realtor.COM Type: Residential - Single Family
Waterfront: No
Control Depth: 0
Lot SqFt: 5500
Pool: No
Total Units: 0
Acres: 0.13
SqFt Source: Tax Records
Rentals Allowed: Yes
Min Rental Days: 28
Style: Single Family
Year Built: 1963
Living Apx SqFt: 1359
Total Bedrooms: 3
Full Baths: 1
Half Baths: 1
Total Baths: 2
Remarks & Misc
Remarks – Consumer: Unlock the potential of this prime property located in the highly sought-after New Town Key West. Situated on a spacious 5,500 sq ft lot, this single-level home offers over 1,300 sq ft of air-conditioned living space, including three bedrooms and a versatile sunroom that can serve as a fourth bedroom. With ample room for an in-ground pool, a full bath, and a half guest bath, this property is perfect for maximizing rental income or creating a luxurious retreat.
Built in 1963, the home features durable concrete construction and timeless mid-century modern design, ensuring long-term value and appeal. The large covered parking area accommodates multiple vehicles, making it ideal for tenants or guests, and can double as an entertainment space.
This property is zoned for both monthly and long-term rentals, offering investors a lucrative opportunity in one of Florida's most desirable destinations. Whether you're looking to add a turnkey rental to your portfolio or undertake a full renovation to increase value, this property provides unmatched flexibility.
As a short sale, this is a rare chance to acquire a valuable asset at a competitive price. Listed at $695,000, all offers are subject to lender approval. Don't miss out on this incredible investment opportunity in Key West—submit your offer today!
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
Microwave: 1
Oven: 1
Refrigerator: 1
Washer: 1
Pets
Pets Allowed: 1
Cooling
Wall/Window Unit(s): 1
Heating
None: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Interior Features
Other: 1
Property Condition
Fixer Upper: 1
Building Style
Above Flood: Yes
Stories: 1 Story
Vehicle Storage
Car(s): 2
Carport: 1
Covered Parking: 1
Off Street Parking: 1
Construction
Concrete: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Unfurnished: 1
Terms
Cash: 1
Conventional: 1
No Seller Finance: 1
VA: 1
Utilities
Elect Separate Meter: 1
FKAA: 1
Municipal Sewer: 1
Water Separate Meter: 1
Title
Title Ins - Seller: 1
Exterior Features
Fencing: 1
Financial Status
Bank Owned: No
Potential Short Sale: Yes
Standard Sale: No
Status Change Info
Status: Active
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Property Condition: Fixer Upper
Vehicle Storage: Carport; Covered Parking; Off Street Parking
Furnished: Unfurnished
Cooling: Wall/Window Unit(s)
Heating: None
Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter
Interior Features: Other
Appliances: Dishwasher; Microwave; Oven; Refrigerator; Washer
Exterior Features: Fencing
Construction: Concrete
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; No Seller Finance; VA
Title: Title Ins - Seller
Listing Office:
Realty ONE Group Destination
Last Updated: November - 07 - 2025
Broker Attribution:
rogdestination@gmail.com
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.
