510 Margaret Street, Key West, FL 33040 (MLS# 617723)

510 Margaret Street, Key West, FL 33040

$2,850,000

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 1,968 Lot Size (sq. ft.): 3,155 Status: Closed

Current Price: $2,850,000 List Date: 12/16/2025 Last Modified: 4/17/2026

Overview

Description

510 Margaret Street and 3 Scheppens Lane deliver an unparalleled island retreat. Ideally positioned on one of the most coveted streets in the heart of Old Town, this light-filled 4BD/4BA compound offers both comfort and privacy. The beautifully updated 3BD/3BA main residence features restored Dade County Pine walls, striking hardwood floors, Verde granite countertops, Thermador stainless appliances including a large wine cooler, and a stunning vaulted great room. The detached 1BD/1BA guest cottage offers its own full bath, fully equipped kitchen, living room. It can be accessed from its own private lane- ideal for hosting family and friends. Just off the cottage is a private off-street space to accommodate a golf cart. Both homes are designed with entertaining in mind- with bright, open living areas that flow seamlessly to the private backyard oasis, and easy access to a large built-in wine cooler. Outside, a serene pool complete with a stacked-stone waterfall provides the perfect san ... (Read more)

Listing Details MLS# 617723

Location, Tax & Legal

Street #: 510
Street Name: Margaret
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Old Town - Unlisted (1.0)
Area: 02 - Key West

Contract Information

Listing Board: Key West Association

General Property Description

Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: No
Pool: Yes
Year Built: 1938
Total Units: 2
Lot SqFt: 3155
Lot Sqft Source: Property Data Card
Living Apx SqFt: 1968
SqFt Source: Appraisal
Total Bedrooms: 4
Full Baths: 4
Total Baths: 4
Rentals Allowed: With Restrictions

Status Change Info

Under Contract Date: 2026-03-20
Leased Date: 2026-04-17

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No

Building Style

Above Flood: Unknown
# Stories: 2 Stories

More Information

Specialty Rooms

Guest/Servant Qtrs: Legal

Pool Info

Heated: Yes

Financial Status

Standard Sale: Yes

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Furnished: Negotiable Cooling: Ceiling Fans(s); Central Air Utilities: FKAA; Municipal Sewer Interior Features: Built-in Cabinets; Cathedral Ceilings; Dade County Pine; Granite Counter Top Pre-Wired: Cable Appliances: Dishwasher; Dryer; Freezer; Gas Appliances; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer; Wine Cooler Exterior Features: Detached Guest Qtrs; Fencing; Lighting; Outdoor Shower; Privacy Wall/Fence; Water Display Pool Info: In Ground; Concrete Construction: Frame Shutters: Panel Floor: Tile; Wood Roof: Metal Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Cash; Conventional Title: Negotiable

Documents

510 Margaret Elevation Certificate ›

3 Scheppens Elevation Certificate ›

510 Margaret and 3 Scheppens Survey ›

Listing Office: Brenda Donnelly Real Estate LLC

Last Updated: April - 17 - 2026

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