1115 Varela Street, Key West, FL 33040

$710,000

Virtual Tour

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

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

Current Price: $710,000 List Date: 3/24/2026 Last Modified: 5/01/2026

Overview

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!

Listing Details MLS# 616582

Location, Tax & Legal

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
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

Contract Information

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

General Property Description

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

Status Change Info

Under Contract Date: 2026-02-27
Sold Date: 2026-04-30

Association Info

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

Building Style

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

More Information

Financial Status

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

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.

Fee Includes

None: Yes

Dockage

None: Yes

Tax Exemptions

None: Yes

Appliances

Dishwasher: Yes
Range: Yes

Pets

Pets Allowed: Yes

Cooling

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

Heating

None: Yes

Waterfront

None: Yes

Waterview

No Waterview: Yes

Floor

Vinyl: Yes

Interior Features

Pantry: Yes
Storage: Yes

Property Condition

Fixer Upper: Yes

Windows/Doors

Awning Windows: Yes
Jalousie Windows: Yes
Sliding Glass Doors: Yes

Vehicle Storage

Open Parking: Yes

Security

No Security: Yes

Construction

Frame: Yes

Land Size

Less Than 1/4 Acre: Yes

Furnished

Unfurnished: Yes

Terms

Cash: Yes
Conventional: Yes
No Seller Finance: Yes

Utilities

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

Porch/Balcony

Open Porch/Balcony: Yes

Title

Negotiable: Yes

Exterior Features

Fencing: Yes
Shed: Yes

Roof

Metal Roof: Yes

Accessibility Feat

Parking: Yes

Shutters

Clam Shell: Yes

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

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

Listing Office: Keller Williams Key West Compass Realty

Last Updated: May - 01 - 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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