516 White Street, Key West, FL 33040
$2,500,000
Property Type:
Commercial Sale
Bedrooms:
2
Baths:
4
Square Footage:
4,494
Lot Size (sq. ft.):
3,568
Status:
Closed
Current Price:
$2,500,000
List Date:
5/07/2025
Last Modified:
10/03/2025
Description
One-of-a-kind property in the heart of Old Town Key West! Built new in 2005, this unique mixed-use building features two spacious 1-bedroom, 1-bath apartments with soaring ceilings, plus a versatile office space. The highlight is the expansive garage, formerly home to a private car collection with space for up to 8 vehicles—ideal for storage, a workshop, or endless other possibilities. A rare find with incredible potential in a prime location!
More Information MLS# 614923
Contract Information
Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
For Sale/Lease: For Sale
Current Price: $2,500,000
Listing Date: 2025-05-07
Sold Price: $2,500,000
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: N/A
Flood Zone: AE
Alternate Key #: 1007153
Parcel #: 00006900-000000
Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Legal: KW PT LOT 2 SQR 44 G6-257 OR859-913 OR889-2289 OR889-2290 OR934-1187 OR1094-1427 OR1692-1791/92 OR1692-1793/94 OR2100-45
Taxes: 14473.93
Tax Year: 2024
Street #: 516
Street Name: White
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unrecord (1.0)
County: Monroe
Area: 01 - Key West
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Control Depth: 0
Lot Size: 3568
Lot SqFt: 3568
Total Units: 3
Year Established: 2004-12-31
Off Street Parking: 3
# Stories: 2
SqFt Source: Property Data Card
Total # Buildings: 1
Building SqFt: 4494
Style: Commercial
Living Apx SqFt: 4494
Year Built: 2005
Total Bedrooms: 2
Full Baths: 2
Half Baths: 2
Total Baths: 4
Remarks & Misc
Remarks – Consumer: One-of-a-kind property in the heart of Old Town Key West! Built new in 2005, this unique mixed-use building features two spacious 1-bedroom, 1-bath apartments with soaring ceilings, plus a versatile office space. The highlight is the expansive garage, formerly home to a private car collection with space for up to 8 vehicles—ideal for storage, a workshop, or endless other possibilities. A rare find with incredible potential in a prime location!
Directions: Near the corner of Fleming Street and White Street.
Deed Restrictions
Affordable Housing: 1
Yes: 1
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Type
Auto Care: 1
Other Comrcl Style: 1
Professional Service: 1
Other Services: 1
Fee Includes
None: 1
Dockage
None: 1
Accounts & Meters
# Sewer Accounts: 1
# Water Meters: 3
# Electric Meters: 3
Appliances
Dishwasher: 1
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Property Info
# Kitchens: 2
# Refrigerators: 2
# Range/Ovens: 2
# Washers: 2
# Dryers: 2
# Dishwashers: 2
Cooling
Central Air: 1
Wall/Window Unit(s): 1
Heating
Central: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Concrete: 1
Tile: 1
Interior Features
Other: 1
Windows/Doors
Other Windows/Doors: 1
Vehicle Storage
Covered Parking: 1
Garage: 1
Off Street Parking: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Terms
Buyer Obtain Finance: 1
No Seller Finance: 1
Utilities
FKAA: 1
Separate Meters: 1
Title
Negotiable: 1
Miscellaneous
High Traffc Location: 1
High Visibility: 1
Roof
Tin Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Tenant Paid
Cable: 1
Electric: 1
Water: 1
Status Change Info
Sold Date: 2025-10-03
Sold Price: $2,500,000
Status: Closed
Property Features
Deed Restrictions: Affordable Housing; Yes
Type: Auto Care; Other Comrcl Style; Professional Service; Other Services
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Garage; Covered Parking; Off Street Parking
Cooling: Central Air; Wall/Window Unit(s)
Heating: Central
Utilities: FKAA; Separate Meters
Interior Features: Other
Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer
Miscellaneous: High Traffc Location; High Visibility
Construction: Frame
Floor: Concrete; Tile
Roof: Tin Roof
Land Size: Less Than 1/4 Acre
Fee Includes: None
Terms: Buyer Obtain Finance; No Seller Finance
Title: Negotiable
Tenant Paid: Cable; Electric; Water
Documents
City of Key West rent ›
Listing Office:
Preferred Properties (KW)
Last Updated: October - 03 - 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.