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723 Eaton Street, Key West, FL 33040

$5,950,000
Property Type: Residential Bedrooms: 6 Baths: 8 Square Footage: 4,094 Lot Size (sq. ft.): 6,887 Status: Active
Current Price: $5,950,000 List Date: 12/15/2025 Last Modified: 4/13/2026

Overview

Description

Private Old Town enclave with built-in income and exceptional flexibility. Ideally located near the Historic Seaport and Fausto's, this three-residence property is currently configured with two leased units generating immediate income and a separate 3-bedroom owner's residence with pool. The rear owners unit offers 3 bedrooms and 3.5 baths with direct access to the tropical courtyard pool, while the upper 2-bedroom, 2.5-bath apartment and elegant Eaton Street facing 1-bedroom, 1-bath cottage provide established rental opportunities. Gated, private, and complete with three off-street parking spaces, this is a rare opportunity to live in the heart of Old Town while your property works for you--or maximize returns with a fully income-driven approach.

Listing Details MLS# 617710

Location, Tax & Legal

Street #
723
Street Name
Eaton
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
KW Neighborhood
Old Town-N 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 #
1003531
Parcel #
00003400-000000
Zoning
HHDR - Historic High Density Residential
Deed Restrictions
No
Legal
KW PT LOT 1 SQR 22 G7-17 OR108-426/29 OR617-318 OR750-591 OR897-1066/67 OR903-1434/35 OR928-436/39 OR928-440/43 OR1095-
Taxes
24724.96
Tax Year
2025
Pub Sewer HkUp
Yes

Contract Information

Listing Board
Key West Association
As is Rght to Inspct
Yes
Species List
No

General Property Description

Realtor.COM Type
Residential - Single Family
Style
Multi-Units
Waterfront
No
Pool
Yes
Year Built
2020
Total Units
3
Lot SqFt
6887
Lot Sqft Source
Tax Records
Acres
0.19
Living Apx SqFt
4094
SqFt Source
Tax Records
Total Bedrooms
6
Full Baths
6
Half Baths
2
Total Baths
8
Rentals Allowed
With Restrictions
Min Rental Days
30
Control Depth
0

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No
Association Fee $
0

Building Style

Above Flood
Unknown

More Information

Financial Status

Standard Sale
Yes

Remarks & Misc

Remarks – Consumer
Private Old Town enclave with built-in income and exceptional flexibility. Ideally located near the Historic Seaport and Fausto's, this three-residence property is currently configured with two leased units generating immediate income and a separate 3-bedroom owner's residence with pool. The rear owners unit offers 3 bedrooms and 3.5 baths with direct access to the tropical courtyard pool, while the upper 2-bedroom, 2.5-bath apartment and elegant Eaton Street facing 1-bedroom, 1-bath cottage provide established rental opportunities. Gated, private, and complete with three off-street parking spaces, this is a rare opportunity to live in the heart of Old Town while your property works for you--or maximize returns with a fully income-driven approach.
Directions
On Eaton Street in Old Town Key West. Off-street parking is available.

Fee Includes

None
Yes

Dockage

None
Yes

Tax Exemptions

None
Yes

Appliances

Stainless Steel Appliance(s)
Yes

Pets

Pets Allowed
Yes

Cooling

Ceiling Fans(s)
Yes
Central Air
Yes
Ductless
Yes

Heating

Ductless
Yes

Waterfront

None
Yes

Waterview

No Waterview
Yes

Floor

Tile
Yes
Wood
Yes

Neighborhood Feature

Other Area Features
Yes

Interior Features

Dade County Pine
Yes
Sky Light(s)
Yes

Property Condition

New Construction
Yes

Vehicle Storage

Off Street Parking
Yes

Construction

Frame
Yes

Land Size

Less Than 1/4 Acre
Yes

Furnished

Negotiable
Yes

Terms

Cash
Yes
Conventional
Yes

Utilities

FKAA
Yes
Municipal Sewer
Yes

Porch/Balcony

Deck
Yes
Open Porch/Balcony
Yes

Title

Negotiable
Yes

Exterior Features

Lighting
Yes
Rain Gutters
Yes
Sprinkler System
Yes
Water Display
Yes

Pool Info

Concrete
Yes
Decked
Yes

Roof

Metal Roof
Yes

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Property Condition: New Construction Vehicle Storage: Off Street Parking Furnished: Negotiable Cooling: Ceiling Fans(s); Central Air; Ductless Heating: Ductless Utilities: FKAA; Municipal Sewer Interior Features: Dade County Pine; Sky Light(s) Appliances: Stainless Steel Appliance(s) Exterior Features: Lighting; Rain Gutters; Sprinkler System; Water Display Pool Info: Concrete; Decked Construction: Frame Floor: Tile; Wood Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Other Area Features Land Size: Less Than 1/4 Acre Terms: Cash; Conventional Title: Negotiable
Listing Office: Preferred Properties (KW)
Last Updated: April - 13 - 2026
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