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Property Description

Turnkey Old Town Key West Luxury - Pool, Guest Cottage & Parking Escape to paradise in this exquisite 2412sf 3 story home located in Old Town Key West not far from the Casa Marina area. A rare blend of historic charm and luxury, this fully furnished, turnkey property invites you to live the island dream or step into a ready-to-go monthly vacation rental opportunity. Inside, discover airy open living spaces filled with natural light, high ceilings, and elegant finishes. The kitchen boasts stainless steel appliances, custom cabinetry, and a spacious layout perfect for entertaining. Each of the three bedrooms features a private en-suite bath, with an additional half bath for guests. The primary master suite located on its own floor offers a flexible bonus room--ideal as a 4th bedroom, home office, or private retreat. Step outside to your private resort-style oasis. Lounge by the in-ground concrete heated pool, with hot tub and water fall feature, relax on the front and back porches, or stroll the brick-paved path thru lush tropical landscaping. The property is fully fenced with a white picket fence offering charm and character as well as for privacy. Has an off-street parking spot in the back as well as off street parking in the front and guest parking on the side, a luxury in Old Town. The guest cottage provides a perfect hideaway with its own full bathroom and multifunctional living/bedroom setup perfect for a futon or Murphy bed--ideal for guests, remote work, or rental flexibility. Four cruiser bikes are included for effortless island exploration. Just steps from fine dining, world-class beaches, and vibrant Duval Street, this home delivers the perfect balance of luxury, convenience, and investment potential. Live the ultimate Key West lifestyle--move in, relax, and start earning from day one.

Overview

Open House
12/21/2025 12:00PM - 2:00PM EST
Property Status
For Sale
Lot Size
3,292 Sq.Ft.
MLS ID
617658
Property Type
Residential
Year Built
1999

Features & Amenities

Total Area
2,412 Sq.Ft.
Neighborhood
Key West
Water Frontage
None
View Description
No Waterview
Stories
3
Utilites
FKAA, Water Separate Meter, Elect Separate Meter, Municipal Sewer
Pool
In Ground, Decked, Concrete
Roof
Metal Roof
Parking
Guest Parking, Off Street Parking
Heat Type
Electric
Air Conditioning
Central Air, Ceiling Fans(s), Wall/Window Unit(s)
Other Interior Features
Split Bedroom, Window Treatments, Built-in Cabinets, Storage, Smoke Alarms, Entrance Foyer, Cable, Other, Sliding Glass Doors, Impact Rstnce Window, Impact Rstnce Doors
HOA Amenities
Other
Other Exterior Features
Fencing, Water Display, Privacy Wall/Fence, Lighting, Detached Guest Qtrs
Sales Price
$2,949,000
Real Estate Tax
$13,648/yr
HOA
$500/yr
Zoning
HMDR - Historic Medium Density Residential

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1223 Margaret Street Unit: 4

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1223 Margaret Street Unit: 4

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