901 Eisenhower Drive, Key West, FL 33040
$4,750,000
Property Type:
Commercial Sale
Bedrooms:
6
Baths:
5
Square Footage:
3,788
Lot Size (sq. ft.):
15,609
Status:
Active
Current Price:
$4,750,000
List Date:
2/15/2025
Last Modified:
11/30/2025
Description
Dreamers and visionaries! Step into the pages of Key West lore with this enchanting waterfront property, whispering tales of Old Town charm from its perch on the edge of paradise. Built prior to 1912, and lovingly held by the same family for over a century, this sprawling 15,609 square foot lot, zoned General Commercial, awaits your masterpiece. Picture a bustling restaurant serving up fresh seafood and island vibes, a charming boutique hotel nestled amidst tropical gardens, or a tranquil marina where sailboats sway in the gentle breeze. The possibilities are as endless as the ocean views. This unique property boasts a legal five-unit multi-family configuration, including a historic main house and a separate cottage. The main house features four units with a total of 5 bedrooms and 4 bathrooms, perfect for accommodating guests or creating a vibrant community. Meanwhile, the charming cottage, with its 2 bedrooms and 1 bathroom, offers a private oasis for rest and relaxation. Nestled beside Garrison Bight, a stone's throw from Bayview Park and Tennis Courts, and just a bike ride away from some of the island's most stunning beaches and attractions, this location is a true Key West treasure. The property is currently tenant-occupied; please allow 48 hours notice for viewings (and you might not be able to see all units in one go). Buyers to verify restoration and development rights to unlock the full potential of this historic gem. Ready to set sail on a new adventure? This once-in-a-lifetime Key West investment is calling your name. Don't miss out, schedule your private showing today!
More Information MLS# 613721
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
Species List: No
Current Price: $4,750,000
Listing Date: 2025-02-15
List Price: $4,750,000
Location, Tax & Legal
KW Neighborhood: The Meadows
City: KEY WEST
Off Shore Island: No
Mile Marker: 2
Marathon Neighborhood: N/A
Side: Bay/Gulf
Flood Zone: AE,AE
Alternate Key #: 1024015
Parcel #: 00023230-000000
Zoning: CG - General Commercial
Legal: KW BENJ ALBURYS SUBD PB1-3 PT LOT 11 & ALL LOT 12 OF TR 7 Y-586 B3-150 OR393-833/34 OR117-41/42 OR186-490/91 OR771-402/
Taxes: 25150.11
Tax Year: 2024
Street #: 901
Street Name: Eisenhower
Street Suffix: Drive
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Benj Alburys Subd (2.0)
County: Monroe
Area: 01 - Key West
General Property Description
Realtor.COM Type: Commercial
Waterfront: Yes
Control Depth: 4
Lot Size: 76x175
Lot SqFt: 15609
Total Units: 5
SqFt Source: Tax Records
Building SqFt: 3788
Style: Commercial
Living Apx SqFt: 3788
Year Built: 1912
Total Bedrooms: 6
Full Baths: 5
Total Baths: 5
Remarks & Misc
Remarks – Consumer: Dreamers and visionaries! Step into the pages of Key West lore with this enchanting waterfront property, whispering tales of Old Town charm from its perch on the edge of paradise. Built prior to 1912, and lovingly held by the same family for over a century, this sprawling 15,609 square foot lot, zoned General Commercial, awaits your masterpiece. Picture a bustling restaurant serving up fresh seafood and island vibes, a charming boutique hotel nestled amidst tropical gardens, or a tranquil marina where sailboats sway in the gentle breeze. The possibilities are as endless as the ocean views. This unique property boasts a legal five-unit multi-family configuration, including a historic main house and a separate cottage. The main house features four units with a total of 5 bedrooms and 4 bathrooms, perfect for accommodating guests or creating a vibrant community. Meanwhile, the charming cottage, with its 2 bedrooms and 1 bathroom, offers a private oasis for rest and relaxation. Nestled beside Garrison Bight, a stone's throw from Bayview Park and Tennis Courts, and just a bike ride away from some of the island's most stunning beaches and attractions, this location is a true Key West treasure. The property is currently tenant-occupied; please allow 48 hours notice for viewings (and you might not be able to see all units in one go). Buyers to verify restoration and development rights to unlock the full potential of this historic gem. Ready to set sail on a new adventure? This once-in-a-lifetime Key West investment is calling your name. Don't miss out, schedule your private showing today!
Deed Restrictions
No: 1
Association Info
Mandatory Home Owners Asc: No
Voluntary Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
License Info
# of City License: 5
Non Trans Rntl Lic: 1
Type
Apartment 3 or more: 1
Boat Sales/Service: 1
Marina: 1
Office Buildings: 1
Other Comrcl Style: 1
Restaurant: 1
Fee Includes
None: 1
Misc Property Info
Recorded Plat: Yes
Dockage
Basin: 1
Seawall: Rip Rap
Other Dockage: 1
Accounts & Meters
# Water Meters: 1
# Electric Meters: 5
Appliances
Dishwasher: 1
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Property Info
# Kitchens: 5
1 Bed/Bath: 4
2 Bed/Bath: 1
Cash Flow (Pre-Tax): 100800
Cooling
Ceiling Fans(s): 1
Wall/Window Unit(s): 1
Waterfront
Bay Front: 1
Electric
Circuit Breakers: 1
Single Phase: 1
Waterview
Bay/Gulf View: 1
Floor
Tile: 1
Wood: 1
Interior Features
Cathedral Ceilings: 1
Smoke Alarms: 1
Windows/Doors
Aluminum Windows: 1
Jalousie Windows: 1
Other Windows/Doors: 1
Vehicle Storage
Car(s): 4+
Guest Parking: 1
Common Parking: 1
Off Street Parking: 1
Construction
Frame: 1
Land Size
1/4 - 1/2 Acre: 1
Terms
Buyer Obtain Finance: 1
No Seller Finance: 1
Private Financing: 1
Other Financing: 1
Utilities
Buyer to Verify: 1
FKAA: 1
Municipal Sewer: 1
Separate Meters: 1
Title
Negotiable: 1
Property Rights
Multi-Use/Commercial: 1
Transfer Bldg Rights: 1
Other/See Remarks: 1
Miscellaneous
High Traffc Location: 1
High Visibility: 1
Residence on Premise: 1
Roof
Metal Roof: 1
Auction Info
Auction: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Tenant Paid
Cable: 1
Electric: 1
Water: 1
Status Change Info
Status: Active
Property Features
Deed Restrictions: No
License Info: Non Trans Rntl Lic
Type: Apartment 3 or more; Boat Sales/Service; Marina; Office Buildings; Other Comrcl Style; Restaurant
Waterfront: Bay Front
Waterview: Bay/Gulf View
Dockage: Basin; Other Dockage
Vehicle Storage: Common Parking; Guest Parking; Off Street Parking
Cooling: Ceiling Fans(s); Wall/Window Unit(s)
Utilities: Buyer to Verify; FKAA; Municipal Sewer; Separate Meters
Interior Features: Cathedral Ceilings; Smoke Alarms
Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer
Miscellaneous: High Traffc Location; High Visibility; Residence on Premise
Construction: Frame
Electric: Circuit Breakers; Single Phase
Floor: Tile; Wood
Roof: Metal Roof
Land Size: 1/4 - 1/2 Acre
Fee Includes: None
Terms: Buyer Obtain Finance; No Seller Finance; Private Financing; Other Financing
Title: Negotiable
Tenant Paid: Cable; Electric; Water
Property Rights: Multi-Use/Commercial; Transfer Bldg Rights; Other/See Remarks
Listing Office:
Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: November - 30 - 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.
