516 White Street, Key West, FL 33040 (MLS# 614923)

516 White Street, Key West, FL 33040

$2,500,000

Front view with three off street parking

Entrance to apartments and standard door to garage

Property Type: Commercial Sale Bedrooms: 2 Baths: 4 Square Footage: 4,494 Lot Size (sq. ft.): 3,568 Status: Closed

Current Price: $2,500,000 List Date: 5/07/2025 Last Modified: 10/03/2025

Overview

Description

One-of-a-kind property in the heart of Old Town Key West! Built new in 2005, this unique mixed-use building features two spacious 1-bedroom, 1-bath apartments with soaring ceilings, plus a versatile office space. The highlight is the expansive garage, formerly home to a private car collection with space for up to 8 vehicles—ideal for storage, a workshop, or endless other possibilities. A rare find with incredible potential in a prime location!

Listing Details MLS# 614923

Location, Tax & Legal

Street #: 516
Street Name: White
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unrecord (1.0)
County: Monroe
Area: 01 - Key West
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Off Shore Island: No
Mile Marker: 1
Marathon Neighborhood: N/A
Side: N/A
Flood Zone: AE
Alternate Key #: 1007153
Parcel #: 00006900-000000
Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Legal: KW PT LOT 2 SQR 44 G6-257 OR859-913 OR889-2289 OR889-2290 OR934-1187 OR1094-1427 OR1692-1791/92 OR1692-1793/94 OR2100-45
Taxes: 14473.93
Tax Year: 2024

Contract Information

Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 3568
Waterfront: No
Year Established: 2004-12-31
Off Street Parking: 3
# Stories: 2
Total # Buildings: Yes
Building SqFt: 4494
SqFt Source: Property Data Card
Living Apx SqFt: 4494
Total Units: 3
Year Built: 2005
Total Bedrooms: 2
Full Baths: 2
Half Baths: 2
Total Baths: 4
Control Depth: 0

Status Change Info

Sold Date: 2025-10-03

Association Info

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

Property Info

# Kitchens: 2
# Refrigerators: 2
# Range/Ovens: 2
# Washers: 2
# Dryers: 2
# Dishwashers: 2

More Information

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: One-of-a-kind property in the heart of Old Town Key West! Built new in 2005, this unique mixed-use building features two spacious 1-bedroom, 1-bath apartments with soaring ceilings, plus a versatile office space. The highlight is the expansive garage, formerly home to a private car collection with space for up to 8 vehicles—ideal for storage, a workshop, or endless other possibilities. A rare find with incredible potential in a prime location!
Directions: Near the corner of Fleming Street and White Street.

Deed Restrictions

Affordable Housing: Yes
Yes: Yes

Type

Auto Care: Yes
Other Comrcl Style: Yes
Professional Service: Yes
Other Services: Yes

Fee Includes

None: Yes

Dockage

None: Yes

Accounts & Meters

# Sewer Accounts: Yes
# Water Meters: 3
# Electric Meters: 3

Appliances

Dishwasher: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Cooling

Central Air: Yes
Wall/Window Unit(s): Yes

Heating

Central: Yes

Waterfront

None: Yes

Waterview

No Waterview: Yes

Floor

Concrete: Yes
Tile: Yes

Interior Features

Other: Yes

Windows/Doors

Other Windows/Doors: Yes

Vehicle Storage

Covered Parking: Yes
Garage: Yes
Off Street Parking: Yes

Construction

Frame: Yes

Land Size

Less Than 1/4 Acre: Yes

Terms

Buyer Obtain Finance: Yes
No Seller Finance: Yes

Utilities

FKAA: Yes
Separate Meters: Yes

Title

Negotiable: Yes

Miscellaneous

High Traffc Location: Yes
High Visibility: Yes

Roof

Tin Roof: Yes

Tenant Paid

Cable: Yes
Electric: Yes
Water: Yes

Property Features

Deed Restrictions: Affordable Housing; Yes Type: Auto Care; Other Comrcl Style; Professional Service; Other Services Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Garage; Covered Parking; Off Street Parking Cooling: Central Air; Wall/Window Unit(s) Heating: Central Utilities: FKAA; Separate Meters Interior Features: Other Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Miscellaneous: High Traffc Location; High Visibility Construction: Frame Floor: Concrete; Tile Roof: Tin Roof Land Size: Less Than 1/4 Acre Fee Includes: None Terms: Buyer Obtain Finance; No Seller Finance Title: Negotiable Tenant Paid: Cable; Electric; Water

Documents

City of Key West rent ›

Affordable Housing ›

Listing Office: Preferred Properties (KW)

Last Updated: October - 03 - 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.

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