1011 Truman Avenue, Key West, FL 33040

$1,300,000

Property Type: Commercial Sale Bedrooms: 2 Baths: 3 Square Footage: 1,959 Lot Size (sq. ft.): 2,642 Status: Closed

Current Price: $1,300,000 List Date: 10/27/2025 Last Modified: 4/21/2026

Overview

Description

1011 Truman Avenue is a versatile Old Town opportunity that can easily live like a spacious single-family residence while offering great flexibility for guests or multi-generational living. Currently configured as three legal units with one covered off-street parking space and located in the desirable X-Flood Zone, the property features a 795 sq. ft. ground-floor space with an industrial feel and half bath that could be reimagined as additional living, entertaining, or hobby space, plus a 416 sq. ft. one-bedroom with full bath and kitchenette hookups—ideal for an efficiency or guest suite. Upstairs, a stunning 720 sq. ft. one-bedroom, one-bath loft feels like a private primary retreat with open living and dining areas, a partitioned bedroom, beautiful master bath, full kitchen, and a private covered patio. Together, the spaces create a unique opportunity to design a large Old Town Key West residence with flexible layouts for guests, extended family, or live/work use.

Listing Details MLS# 617055

Location, Tax & Legal

Street #: 1011
Street Name: Truman
Street Suffix: Avenue
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: Median
Flood Zone: 0.2 PCT ANNUAL CHANC
Alternate Key #: 9011773
Parcel #: 00021000-000100
Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Legal: KW PT LOT 12 SQR 3 TR 6 OR45-294/95 OR314-470/71 OR466-131 OR875-790 OR943-1246 OR1010-1293 OR1345-981/2F/J OR1442-352 O
Taxes: 3992.98
Tax Year: 2024

Contract Information

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

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 2642
Waterfront: No
# Parking Spaces: 2
Off Street Parking: Yes
# Stories: 2
Total # Buildings: Yes
Building SqFt: 1959
SqFt Source: Property Data Card
Living Apx SqFt: 1959
Year Built: 1953
Total Bedrooms: 2
Full Baths: 2
Half Baths: Yes
Total Baths: 3
Control Depth: 0
Total Units: 0

Status Change Info

Under Contract Date: 2026-04-11
Sold Date: 2026-04-21

Association Info

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

Financial Status

Bank Owned: No
Potential Short Sale: No

More Information

Remarks & Misc

Remarks – Consumer: 1011 Truman Avenue is a versatile Old Town opportunity that can easily live like a spacious single-family residence while offering great flexibility for guests or multi-generational living. Currently configured as three legal units with one covered off-street parking space and located in the desirable X-Flood Zone, the property features a 795 sq. ft. ground-floor space with an industrial feel and half bath that could be reimagined as additional living, entertaining, or hobby space, plus a 416 sq. ft. one-bedroom with full bath and kitchenette hookups—ideal for an efficiency or guest suite. Upstairs, a stunning 720 sq. ft. one-bedroom, one-bath loft feels like a private primary retreat with open living and dining areas, a partitioned bedroom, beautiful master bath, full kitchen, and a private covered patio. Together, the spaces create a unique opportunity to design a large Old Town Key West residence with flexible layouts for guests, extended family, or live/work use.

Type

Office Buildings: Yes
Professional Service: Yes
Retail: Yes

Fee Includes

None: Yes

Dockage

None: Yes

Appliances

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

Cooling

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

Waterfront

None: Yes

Waterview

No Waterview: Yes

Floor

Tile: Yes

Vehicle Storage

Covered Parking: Yes
Off Street Parking: Yes

Construction

CBS: Yes

Land Size

Less Than 1/4 Acre: Yes

Utilities

FKAA: Yes
Municipal Sewer: Yes

Roof

Metal Roof: Yes

Property Features

Type: Office Buildings; Professional Service; Retail Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Covered Parking; Off Street Parking Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Construction: CBS Floor: Tile Roof: Metal Roof Land Size: Less Than 1/4 Acre Fee Includes: None

Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Updated: April - 21 - 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.

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