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405 Petronia Street, Key West, FL 33040

$2,999,999
Property Type: Residential Bedrooms: 2 Baths: 4 Square Footage: 1,596 Lot Size (sq. ft.): 2,094 Status: Active
Current Price: $2,999,999 List Date: 10/04/2025 Last Modified: 4/17/2026

Overview

Description

Heart of Old Town Key West. Very rare FULLY RENTED income producing mixed-use property. 2/2 residential, office plus a detached restaurant. Seller financing is available to immediately start your investment opportunity! Call now for your private showing.

Listing Details MLS# 616727

Location, Tax & Legal

Street #
405
Street Name
Petronia
Street Suffix
Street
Key/Island
Key West
State/Province
FL
Zip Code
33040
County
Monroe
Subdivision
Old Town - Unlisted (1.0)
Area
02 - Key West
KW Neighborhood
Old Town-N of Truman
City
KEY WEST
Mile Marker
1
Marathon Neighborhood
N/A
Side
Median
Flood Zone
X
Alternate Key #
1016624
Zoning
HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Deed Restrictions
Unknown
Taxes
6422.55
Tax Year
2024
Pub Sewer HkUp
Yes

Contract Information

Listing Board
Key West Association

General Property Description

Realtor.COM Type
Multi-family
Style
Multi-Units
Waterfront
No
Pool
No
Year Built
1912
Total Units
3
Lot SqFt
2094
Lot Sqft Source
Tax Records
Acres
0.05
Living Apx SqFt
1596
SqFt Source
Tax Records
Total Bedrooms
2
Full Baths
4
Total Baths
4
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

License Info

# of City License
3

More Information

Building Style

Above Flood
Unknown
Conch
Yes

Remarks & Misc

Remarks – Consumer
Heart of Old Town Key West. Very rare FULLY RENTED income producing mixed-use property. 2/2 residential, office plus a detached restaurant. Seller financing is available to immediately start your investment opportunity! Call now for your private showing.

Fee Includes

None
Yes

Dockage

None
Yes

Tax Exemptions

Homestead
Yes

Appliances

Oven
Yes

Waterfront

None
Yes

Waterview

No Waterview
Yes

Property Condition

Updated/Remodeled
Yes

Construction

Combo Construction
Yes

Land Size

Less Than 1/4 Acre
Yes

Furnished

Unfurnished
Yes

Utilities

Buyer to Verify
Yes

Title

Negotiable
Yes

Property Features

Fee Includes: None Tax Exemptions: Homestead Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Building Style: Conch Furnished: Unfurnished Utilities: Buyer to Verify Appliances: Oven Construction: Combo Construction Land Size: Less Than 1/4 Acre Title: Negotiable
Listing Office: RE/MAX Keys Connection (KW)
Last Updated: April - 17 - 2026
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.