1016 Varela Street Rear, Key West, FL 33040

$1,170,000

Virtual Tour

https://my.matterport.com/show/?m=tkvYu97HHGf

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,306 Lot Size (sq. ft.): 2,218 Status: Contingent/Show

Current Price: $1,170,000 List Date: 5/18/2026 Last Modified: 7/13/2026

Overview

Description

Hidden away on one of Old Town's most storied streets, 1016 Varela St. Rear is the kind of Key West address that feels like a private discovery. Originally constructed in the 1920s, this piece of living Key West history has been thoughtfully renovated while honoring the character that only a century of island life can impart. Tucked discreetly behind the street, the fully restored 3-bedroom, 3-bathroom residence offers a rare sense of seclusion in the heart of historic Old Town -- without sacrificing a single step of the legendary walkability that defines this neighborhood. Duval Street, world-class dining, the harbor, and the full tapestry of Key West life are all moments away on foot. Arrive home to a covered front porch -- the quintessential Key West perch for morning coffee or evening cocktails. Inside, soaring cathedral ceilings flood the living spaces with light and volume, while refinished hardwood floors, an updated kitchen, and impact windows throughout speak to a renovati ... (Read more)

Listing Details MLS# 619952

Location, Tax & Legal

Street #: 1016
Street Name: Varela
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Old Town - Unrecord (1.0)
Area: 01 - Key West
KW Neighborhood: Old Town-S of Truman
Unit #: Rear
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Median
Flood Zone: 0.2 PCT ANNUAL CHANC
Alternate Key #: 9104094
Handicap Access: No
Parcel #: 00032610-000320
Zoning: HMDR - Historic Medium Density Residential
Deed Restrictions: Unknown
Legal: Kw Gwynn Sub 0-195 Pt Lot 19 Sqr. 1 Tr 13 (A/K/A Parcel B 1016 Varela Townhomes)
Taxes: 7823.67
Tax Year: 2025
Pub Sewer HkUp: Yes

Contract Information

Listing Board: Key West Association
Potential Short Sale: No
Bank Owned: No

General Property Description

Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: No
Pool: No
Year Built: 1924
Lot SqFt: 2218
Acres: 0.03
Living Apx SqFt: 1306
SqFt Source: Property Data Card
Total Bedrooms: 3
Full Baths: 3
Total Baths: 3
Rentals Allowed: With Restrictions
Min Rental Days: 28
Control Depth: 0

Status Change Info

Contingent: Contingent/Show

Association Info

Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Assoc/Mnt Fee Per: Yearly
Association Fee $: 0

License Info

# of City License: Yes

More Information

Building Style

Above Flood: Yes
Stories: 2 Stories
Conch: Yes

Financial Status

Bank Owned: No
Potential Short Sale: No
Standard Sale: Yes

Remarks & Misc

Remarks – Consumer: Hidden away on one of Old Town's most storied streets, 1016 Varela St. Rear is the kind of Key West address that feels like a private discovery. Originally constructed in the 1920s, this piece of living Key West history has been thoughtfully renovated while honoring the character that only a century of island life can impart. Tucked discreetly behind the street, the fully restored 3-bedroom, 3-bathroom residence offers a rare sense of seclusion in the heart of historic Old Town -- without sacrificing a single step of the legendary walkability that defines this neighborhood. Duval Street, world-class dining, the harbor, and the full tapestry of Key West life are all moments away on foot. Arrive home to a covered front porch -- the quintessential Key West perch for morning coffee or evening cocktails. Inside, soaring cathedral ceilings flood the living spaces with light and volume, while refinished hardwood floors, an updated kitchen, and impact windows throughout speak to a renovation done with care and intention. The private rear yard offers room for a pool, a rare opportunity to create your own tropical retreat in the heart of Old Town. A separate upstairs apartment with its own private entrance offers exceptional flexibility: a sanctuary for a young adult, an elegant in-law suite, or an income-producing rental that helps carry the property. For the discerning buyer, two details stand above the rest: 1016 Varela Rear sits in an X flood zone -- the premier flood designation in the Keys, carrying no flood insurance requirement -- and the property carries an assumable VA loan, a remarkable financial advantage for qualified buyers in today's market. In Old Town Key West, a century-old home with this much flexibility and this little compromise is extraordinarily rare. Welcome to your hidden corner of paradise.

Fee Includes

None: Yes

Dockage

None: Yes

Tax Exemptions

None: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Oven: Yes
Refrigerator: Yes
Stainless Steel Appliance(s): Yes
Washer: Yes

Pets

Pets Allowed: Yes

Cooling

Ceiling Fans(s): Yes
Ductless: Yes

Waterfront

None: Yes

Waterview

No Waterview: Yes

Floor

Wood: Yes

Interior Features

Cathedral Ceilings: Yes
Fire Sprinkler: Yes
Quartz Countertops: Yes
Smoke Alarms: Yes

Property Condition

Updated/Remodeled: Yes

Construction

CBS: Yes
Frame: Yes

Land Size

Less Than 1/4 Acre: Yes

Furnished

Unfurnished: Yes

Utilities

FKAA: Yes
Municipal Sewer: Yes
Well: Yes

Porch/Balcony

Deck: Yes
Open Porch/Balcony: Yes

Pre-Wired

Cable: Yes

Roof

Metal Roof: Yes

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Building Style: Conch Furnished: Unfurnished Cooling: Ceiling Fans(s); Ductless Utilities: FKAA; Municipal Sewer; Well Interior Features: Cathedral Ceilings; Fire Sprinkler; Quartz Countertops; Smoke Alarms Pre-Wired: Cable Appliances: Dishwasher; Dryer; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s); Washer Construction: CBS; Frame Floor: Wood Roof: Metal Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre

Room Information

Room Name	Length	Width
Bedroom 2
Kitchen	11.70	12.96
Living Room	13.29	21.37
Bedroom 1	24.82	13.72

Listing Office: Suzanne Moore Real Estate

Last Updated: July - 13 - 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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