510 Margaret Street, Key West, FL 33040
$2,850,000
Property Type:
Residential
Bedrooms:
4
Baths:
4
Square Footage:
1,968
Lot Size (sq. ft.):
3,155
Status:
Closed
Current Price:
$2,850,000
List Date:
12/16/2025
Last Modified:
4/17/2026
Listing Details MLS# 617723
Location, Tax & Legal
- Street #
- 510
- Street Name
- Margaret
- 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
- AE
- Alternate Key #
- 1008486
- Parcel #
- 00008220-000000 00008240000000
- Zoning
- HHDR - Historic High Density Residential
- Deed Restrictions
- Unknown
- Legal
- KW PT LT 2 SQR 47 OR601-797 OR802-1368 OR932-1484 OR990-1867 OR1206-1740/41 OR1227-2103/05 OR1259-2398 OR1370-1104/06
- Taxes
- 16302.41
- Tax Year
- 2024
- Pub Sewer HkUp
- Yes
Contract Information
- Listing Board
- Key West Association
General Property Description
- Realtor.COM Type
- Residential - Single Family
- Style
- Single Family
- Waterfront
- No
- Pool
- Yes
- Year Built
- 1938
- Total Units
- 2
- Lot SqFt
- 3155
- Lot Sqft Source
- Property Data Card
- Living Apx SqFt
- 1968
- SqFt Source
- Appraisal
- Total Bedrooms
- 4
- Full Baths
- 4
- Total Baths
- 4
- Rentals Allowed
- With Restrictions
- Control Depth
- 0
Status Change Info
- Sold Date
- 2026-04-17
Association Info
- Mandatory Home Owners Asc
- No
- 1st Right of Refusal
- No
- Association Fee $
- 0
Building Style
- Above Flood
- Unknown
- Stories
- 2 Stories
More Information
Specialty Rooms
- Guest/Servant Qtrs
- Legal
Pool Info
- Heated
- Yes
- In Ground
- Yes
- Concrete
- Yes
Financial Status
- Standard Sale
- Yes
Remarks & Misc
- Remarks – Consumer
- 510 Margaret Street and 3 Scheppens Lane deliver an unparalleled island retreat. Ideally positioned on one of the most coveted streets in the heart of Old Town, this light-filled 4BD/4BA compound offers both comfort and privacy. The beautifully updated 3BD/3BA main residence features restored Dade County Pine walls, striking hardwood floors, Verde granite countertops, Thermador stainless appliances including a large wine cooler, and a stunning vaulted great room. The detached 1BD/1BA guest cottage offers its own full bath, fully equipped kitchen, living room. It can be accessed from its own private lane- ideal for hosting family and friends. Just off the cottage is a private off-street space to accommodate a golf cart. Both homes are designed with entertaining in mind- with bright, open living areas that flow seamlessly to the private backyard oasis, and easy access to a large built-in wine cooler. Outside, a serene pool complete with a stacked-stone waterfall provides the perfect sanctuary for relaxing or entertaining in true Key West style. Don't miss the chance to see this exceptional Old Town property that showcases meticulous renovation, high-end finishes, and historic charm.
Fee Includes
- None
- Yes
Dockage
- None
- Yes
Tax Exemptions
- None
- Yes
Appliances
- Dishwasher
- Yes
- Dryer
- Yes
- Freezer
- Yes
- Gas Appliances
- Yes
- Microwave
- Yes
- Oven
- Yes
- Range
- Yes
- Refrigerator
- Yes
- Stainless Steel Appliance(s)
- Yes
- Washer
- Yes
- Wine Cooler
- Yes
Pets
- Pets Allowed
- Yes
Cooling
- Ceiling Fans(s)
- Yes
- Central Air
- Yes
Waterfront
- None
- Yes
Waterview
- No Waterview
- Yes
Floor
- Tile
- Yes
- Wood
- Yes
Interior Features
- Built-in Cabinets
- Yes
- Cathedral Ceilings
- Yes
- Dade County Pine
- Yes
- Granite Counter Top
- Yes
Property Condition
- Updated/Remodeled
- Yes
Windows/Doors
- Impact Rstnce Doors
- Yes
- Other Windows/Doors
- 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
- Detached Guest Qtrs
- Yes
- Fencing
- Yes
- Lighting
- Yes
- Outdoor Shower
- Yes
- Privacy Wall/Fence
- Yes
- Water Display
- Yes
Pre-Wired
- Cable
- Yes
Roof
- Metal Roof
- Yes
Shutters
- Panel
- Yes
Property Features
Fee Includes:
None
Tax Exemptions:
None
Waterfront:
None
Waterview:
No Waterview
Dockage:
None
Property Condition:
Updated/Remodeled
Furnished:
Negotiable
Cooling:
Ceiling Fans(s); Central Air
Utilities:
FKAA; Municipal Sewer
Interior Features:
Built-in Cabinets; Cathedral Ceilings; Dade County Pine; Granite Counter Top
Pre-Wired:
Cable
Appliances:
Dishwasher; Dryer; Freezer; Gas Appliances; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer; Wine Cooler
Exterior Features:
Detached Guest Qtrs; Fencing; Lighting; Outdoor Shower; Privacy Wall/Fence; Water Display
Pool Info:
In Ground; Concrete
Construction:
Frame
Shutters:
Panel
Floor:
Tile; Wood
Roof:
Metal Roof
Pets:
Pets Allowed
Land Size:
Less Than 1/4 Acre
Terms:
Cash; Conventional
Title:
Negotiable
Documents
510 Margaret Elevation Certificate ›
Listing Office:
Brenda Donnelly Real Estate LLC
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.