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1223 Margaret Street, Key West, FL 33040

$2,000,000
Property Type: Residential Bedrooms: 3 Baths: 5 Square Footage: 2,412 Lot Size (sq. ft.): 3,292 Status: Closed
Current Price: $2,000,000 List Date: 1/04/2025 Last Modified: 3/31/2025

Overview

Description

Located in Old Town of Key West, this 2412 Sq Ft, 3-story single-family home offers the perfect blend of space, comfort, and island charm. The main house features 3 spacious en-suite bedrooms and 3.5 bathrooms, providing plenty of privacy for family and guests. The 2nd floor has 2 en-suite bedrooms and the 3rd floor features a spacious full-floor primary suite, complete with a sitting room that can easily serve as a fourth bedroom or a home office. The property includes a guest house with a full bathroom, ideal for visitors. Exit the sliding glass doors and you'll find a private in-ground heated pool, creating a tranquil oasis for relaxing and entertaining. This home embodies the best of the Key West lifestyle. Enjoy an easy walk to world-famous Duval Street, Higgs Beach, the White Street Pier, the Historic Seaport District, and many of Key West's renowned restaurants, galleries, and shops. Off-street parking is available at the rear of the house, and there is space to park out front. ...

Listing Details MLS# 612955

Location, Tax & Legal

Street #
1223
Street Name
Margaret
Street Suffix
Street
Key/Island
Key West
State/Province
FL
Zip Code
33040
County
Monroe
Subdivision
Key West Investment Co Sub (1.0)
Area
02 - Key West
KW Neighborhood
Old Town-S 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 #
8929610
Handicap Access
No
Parcel #
00029650-000104
Zoning
HMDR - Historic Medium Density Residential
Deed Restrictions
Unknown
Legal
UNIT 4 SECLUDED GARDENS OF KEY WEST A CONDO AND PARKING SPACE 4 OR1583-1176/77 OR2581-411/12 OR2856-1629/32
Taxes
12029.48
Tax Year
2023
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
Single Family
Waterfront
No
Pool
Yes
Year Built
1999
Lot SqFt
3292
Lot Sqft Source
Property Data Card
Acres
0.08
Living Apx SqFt
2412
SqFt Source
Property Data Card
Total Bedrooms
3
Full Baths
4
Half Baths
Yes
Total Baths
5
Rentals Allowed
With Restrictions
Min Rental Days
28
Control Depth
0
Total Units
0

Status Change Info

Sold Date
2025-03-31

Association Info

Mandatory Home Owners Asc
Yes
1st Right of Refusal
No
Association Fee $
500
Assoc/Mnt Fee Per
Yearly

License Info

# of City License
Yes
# of County License
Yes
Non Trans Rntl Lic
Yes

More Information

Building Style

Above Flood
Yes
Stories
3 Stories

Vehicle Storage

Car(s)
Yes
Off Street Parking
Yes

Pool Info

Heated
Yes
In Ground
Yes
Concrete
Yes

Remarks & Misc

Remarks – Consumer
Located in Old Town of Key West, this 2412 Sq Ft, 3-story single-family home offers the perfect blend of space, comfort, and island charm. The main house features 3 spacious en-suite bedrooms and 3.5 bathrooms, providing plenty of privacy for family and guests. The 2nd floor has 2 en-suite bedrooms and the 3rd floor features a spacious full-floor primary suite, complete with a sitting room that can easily serve as a fourth bedroom or a home office. The property includes a guest house with a full bathroom, ideal for visitors. Exit the sliding glass doors and you'll find a private in-ground heated pool, creating a tranquil oasis for relaxing and entertaining. This home embodies the best of the Key West lifestyle. Enjoy an easy walk to world-famous Duval Street, Higgs Beach, the White Street Pier, the Historic Seaport District, and many of Key West's renowned restaurants, galleries, and shops. Off-street parking is available at the rear of the house, and there is space to park out front. The property has a strong vacation rental history, making it an excellent investment opportunity, and is located in the X flood zone. Whether you're looking for a full-time residence, a vacation home, or an income-producing property, this single-family home has it all. Experience the best of island living in this exceptional Key West getaway.

Fee Includes

None
Yes

Dockage

None
Yes

Tax Exemptions

Homestead
Yes

Appliances

Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Microwave
Yes
Oven
Yes
Range
Yes
Refrigerator
Yes
Stainless Steel Appliance(s)
Yes
Washer
Yes

Pets

Pets Allowed
Yes

Cooling

Central Air
Yes
Wall/Window Unit(s)
Yes

Waterfront

None
Yes

Waterview

No Waterview
Yes

Floor

Tile
Yes
Wood
Yes

Interior Features

Built-in Cabinets
Yes
Drapes/Blinds Incl
Yes
Entrance Foyer
Yes
Security System
Yes
Smoke Alarms
Yes

Windows/Doors

Double Hung Windows
Yes
Impact Rstnce Window
Yes
Sliding Glass Doors
Yes

Construction

Frame
Yes

Land Size

Less Than 1/4 Acre
Yes

Furnished

Furnished
Yes

Utilities

Cable Available
Yes
FKAA
Yes
Municipal Sewer
Yes

Exterior Features

Detached Guest Qtrs
Yes

Pre-Wired

Cable
Yes

Roof

Metal Roof
Yes

Shutters

Other
Yes

Property Features

Fee Includes: None Tax Exemptions: Homestead License Info: Non Trans Rntl Lic Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Furnished: Furnished Cooling: Central Air; Wall/Window Unit(s) Utilities: Cable Available; FKAA; Municipal Sewer Interior Features: Built-in Cabinets; Drapes/Blinds Incl; Entrance Foyer; Security System; Smoke Alarms Pre-Wired: Cable Appliances: Dishwasher; Disposal; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Detached Guest Qtrs Pool Info: In Ground; Concrete Construction: Frame Shutters: Other Floor: Tile; Wood Roof: Metal Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre
Listing Office: Coldwell Banker Schmitt Real Estate Co. (KW)
Last Updated: March - 31 - 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.