1115 Varela Street, Key West, FL 33040

$775,000

Virtual Tour

http://tours.keyspropertyvisuals.com/vtnb/354305

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,292 Lot Size (sq. ft.): 2,324 Status: Contingent/Show

Current Price: $775,000 List Date: 9/22/2025 Last Modified: 2/28/2026

Description

Nestled on a charming street in the heart of Old Town Key West, 1115 Varela Street is the renovation project that you have been waiting for. This historic treasure would be a perfect project for an investor, developer or anyone looking to restore a historic Key West gem. Currently configured as a 3BD/2BA with a large outside deck and an ideal positioned detached unfinished utility shed. The lot dimensions are 21 x 111. This will allow you the ability to build a pool and create an outdoor tropical oasis. Centrally located and in an X-flood zone make this property highly desirable. Schedule your private tour today! Priced to sell!

More Information MLS# 616582

Contract Information

Listing Board: Key West Association As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: No Current Price: $775,000 Listing Date: 2025-09-22 List Price: $775,000

Location, Tax & Legal

KW Neighborhood: Old Town-S 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 #: 1033642 Parcel #: 00032880-000000 Zoning: HMDR - Historic Medium Density Residential Deed Restrictions: No Legal: KW GWYNN SUB 0-195 PT LOT 13 SQR 2 TR 13 G54-213/14 G55-41/42 OR81-120/21 OR2132-1293/94 OR2179-599/600L/E OR2179-2469/7 Taxes: 1088.32 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 1115 Street Name: Varela Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Gwynn Sub (1.0) Area: 02 - Key West

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: No Control Depth: 0 Lot Size: 21 X 111 Lot SqFt: 2324 Pool: No Lot Sqft Source: Property Data Card Total Units: 1 Acres: 0.05 SqFt Source: Property Data Card Rentals Allowed: With Restrictions Min Rental Days: 30 Style: Single Family Year Built: 1948 Living Apx SqFt: 1292 Total Bedrooms: 3 Full Baths: 2 Total Baths: 2

Remarks & Misc

Remarks – Consumer: Nestled on a charming street in the heart of Old Town Key West, 1115 Varela Street is the renovation project that you have been waiting for. This historic treasure would be a perfect project for an investor, developer or anyone looking to restore a historic Key West gem. Currently configured as a 3BD/2BA with a large outside deck and an ideal positioned detached unfinished utility shed. The lot dimensions are 21 x 111. This will allow you the ability to build a pool and create an outdoor tropical oasis. Centrally located and in an X-flood zone make this property highly desirable. Schedule your private tour today! Priced to sell! Directions: From United Street, turn on Varela Street. Property is on the right-hand side.

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 0

Fee Includes

None: 1

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Range: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Wall/Window Unit(s): 1

Heating

None: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Vinyl: 1

Interior Features

Pantry: 1 Storage: 1

Property Condition

Fixer Upper: 1

Building Style

A-Frame: 1 Above Flood: Yes Stories: 2 Stories

Windows/Doors

Awning Windows: 1 Jalousie Windows: 1 Sliding Glass Doors: 1

Vehicle Storage

Open Parking: 1

Security

No Security: 1

Construction

Frame: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Unfurnished: 1

Terms

Cash: 1 Conventional: 1 No Seller Finance: 1

Utilities

Cable Available: 1 Elect Separate Meter: 1 FKAA: 1 Municipal Sewer: 1

Porch/Balcony

Open Porch/Balcony: 1

Title

Negotiable: 1

Exterior Features

Fencing: 1 Shed: 1

Roof

Metal Roof: 1

Financial Status

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

Accessibility Feat

Parking: 1

Shutters

Clam Shell: 1

Status Change Info

Contingent: Contingent/Show Contingent Remarks: Inspections Status: Contingent/Show

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Fixer Upper Building Style: A-Frame Vehicle Storage: Open Parking Furnished: Unfurnished Cooling: Ceiling Fans(s); Wall/Window Unit(s) Heating: None Utilities: Cable Available; Elect Separate Meter; FKAA; Municipal Sewer Interior Features: Pantry; Storage Appliances: Dishwasher; Range Exterior Features: Fencing; Shed Accessibility Feat: Parking Construction: Frame Shutters: Clam Shell Floor: Vinyl Roof: Metal Roof Pets: Pets Allowed Security: No Security Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; No Seller Finance Title: Negotiable

Room Information

Bedroom 1 Length: 11.60 Level: Main Length: 11.60 Width: 13.80 Width: 13.80 Remarks: MAIN FLOOR BR Bedroom 2 Length: 16.00 Level: Second Length: 16.00 Width: 9.80 Width: 9.80 Remarks: UPSTAIRS BR 1 Bedroom 3 Length: 16.00 Level: Second Length: 16.00 Width: 9.20 Width: 9.20 Remarks: UPSTAIRS BR 2 Full Bathroom Length: 4.20 Level: Main Length: 4.20 Width: 13.80 Width: 13.80 Remarks: MAIN FLOOR BATH Full Bathroom Length: 9.10 Level: Second Length: 9.10 Width: 9.80 Width: 9.80 Remarks: UPSTAIRS BATH ROOM Kitchen Length: 16.00 Level: Main Length: 16.00 Width: 9.60 Width: 9.60 Dining Room Length: 12.80 Level: Main Length: 12.80 Width: 9.70 Width: 9.70 Living Room Length: 16.00 Level: Main Length: 16.00 Width: 9.50 Width: 9.50

Listing Office: Keller Williams Key West Compass Realty

Last Updated: February - 28 - 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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