824-826 Duval Street, Key West, FL 33040 (MLS# 587053)

824-826 Duval Street, Key West, FL 33040

$5,800,000

Property Type: Commercial Sale Bedrooms: 6 Baths: 8 Lot Size (sq. ft.): 9,500 Status: Closed

Current Price: $5,800,000 List Date: 1/03/2020 Last Modified: 8/31/2026

Overview

Description

Strong Investment Opportunity in place with a proven track record, rare opportunity to tap into the existing & growing tourism district of Key West Florida. Premium Old Town location on the famous Duval Street, this mixed-use building has 8 units: 6 one bedroom transiently licensed guest rooms & 2 commercial store front spaces. Off street parking lot with a min of 8 spaces from rear lane leads pass the in-ground pool to main electronic entrance of the 6 upstairs residential units. Remotely managed low maintenance vacation rentals allow auto check in for guests. Exceptional net operating income for a 5200sf CBS building located in the X flood zone, property has been converted to condominium units but all are under common ownership.

Listing Details MLS# 587053

Location, Tax & Legal

Street #: 824-826
Street Name: Duval
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unlisted (1.0)
County: Monroe
Area: 02 - Key West

Contract Information

Listing Board: Key West Association
Limited Representation: No
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 9500
Waterfront: No
# Parking Spaces: 8
Off Street Parking: yes
# Stories: 2
Total # Buildings: Yes
Building SqFt: 5200
SqFt Source: Property Data Card
Total Units: 8
Year Built: 1933
Total Bedrooms: 6
Full Baths: 6
Half Baths: 2
Total Baths: 8

Status Change Info

Under Contract Date: 2021-12-02
Leased Date: 2022-02-18

License Info

# of Transient Licns: 6

Association Info

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

More Information

Financial Status

Bank Owned: No
Potential Short Sale: No

Property Features

License Info: Other/See Remarks Type: Hotel/Motel; Office Buildings; Other Comrcl Style; Professional Service; Restaurant; Retail Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Cooling: Central Air Utilities: FKAA; Municipal Sewer Interior Features: Laundry Room Miscellaneous: High Traffc Location; High Visibility; Pool; Other Miscellaneous Construction: CBS Land Size: Less Than 1/4 Acre Fee Includes: Other

Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Updated: August - 31 - 2026

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