1216 Margaret Street, Key West, FL 33040

$1,400,000

Virtual Tour

https://my.matterport.com/show/?m=gBPLZA63vDP&mls=1

Property Type: Residential Bedrooms: 4 Baths: 6 Square Footage: 1,636 Lot Size (sq. ft.): 4,278 Status: Closed

Current Price: $1,400,000 List Date: 9/09/2020 Last Modified: 4/27/2026

Overview

Description

*Property is in process of being converted so that units can be sold separately* Don't miss this rare opportunity to own a Duplex in Old Town, X-Flood Zone. Meet the new island twins, '' Island Retreat'' and ''Island Hideaway''. With 2 off street parking spots, private tropical courtyards, and not 1, but 2 private pools! Both homes are fully renovated, restored with love and expanded with new construction under architectural supervision, done with perfection and master craftsmanship. Each unit has 2 bedrooms and 2.5 bathrooms featuring 13' vaulted ceilings, custom cabinetry, high-end finishes, central A/C, impact sliding doors & windows, oak floors, quartz, custom tiles, metal roof and pool with superior pebbletec finish. Both properties come fully-furnished and are turn-key.

Listing Details MLS# 592466

Location, Tax & Legal

Street #: 1216
Street Name: Margaret
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Investment Co Sub (1.0)
Area: 02 - Key West
KW Neighborhood: Old Town-S of Truman
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Median
Flood Zone: 0.2 PCT ANNUAL CHANC
Alternate Key #: 1030325
Parcel #: 00029560-000000
Zoning: HMDR - Historic Medium Density Residential
Deed Restrictions: Unknown
Legal: KW INVESTMENT CO SUB PB1-49 LOT 8 SQR 2 TR 12 OR192-584/85 OR368-607/08 OR757-27/28 OR774-41 OR777-966 OR2628-659D/C OR2
Taxes: 6893.53
Tax Year: 2019
Pub Sewer HkUp: Yes

Contract Information

Listing Board: Key West Association

General Property Description

Realtor.COM Type: Multi-family
Style: Duplex
Waterfront: No
Pool: Yes
Year Built: 1943
Total Units: 2
Lot SqFt: 4278
Acres: 0.1
Living Apx SqFt: 1636
SqFt Source: Property Data Card
Total Bedrooms: 4
Full Baths: 4
Half Baths: 2
Total Baths: 6
Rentals Allowed: With Restrictions
Min Rental Days: 28
Control Depth: 0

Status Change Info

Under Contract Date: 2020-10-25
Sold Date: 2021-01-13
Sold Comments: Thank You Leila.

Association Info

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

License Info

# of City License: 2
Non Trans Rntl Lic: Yes

More Information

Building Style

Above Flood: Unknown
Ground Level: Yes

Vehicle Storage

Car(s): 2
Off Street Parking: Yes

Pool Info

Heated: Yes
Other Material: PebbleTec
In Ground: Yes
Decked: Yes

Remarks & Misc

Remarks – Consumer: *Property is in process of being converted so that units can be sold separately* Don't miss this rare opportunity to own a Duplex in Old Town, X-Flood Zone. Meet the new island twins, '' Island Retreat'' and ''Island Hideaway''. With 2 off street parking spots, private tropical courtyards, and not 1, but 2 private pools! Both homes are fully renovated, restored with love and expanded with new construction under architectural supervision, done with perfection and master craftsmanship. Each unit has 2 bedrooms and 2.5 bathrooms featuring 13' vaulted ceilings, custom cabinetry, high-end finishes, central A/C, impact sliding doors & windows, oak floors, quartz, custom tiles, metal roof and pool with superior pebbletec finish. Both properties come fully-furnished and are turn-key.

Fee Includes

None: Yes

Dockage

None: Yes

Tax Exemptions

None: Yes

Appliances

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

Pets

Pets Allowed: Yes

Cooling

Ceiling Fans(s): Yes
Central Air: Yes
Heat: Yes

Waterfront

None: Yes

Waterview

No Waterview: Yes

Floor

Wood: Yes

Interior Features

Cathedral Ceilings: Yes
Quartz Countertops: Yes

Property Condition

Updated/Remodeled: Yes

Windows/Doors

Impact Rstnce Window: Yes

Construction

CBS: Yes
Combo Construction: Yes

Land Size

Less Than 1/4 Acre: Yes

Furnished

Furnished: Yes

Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Utilities

Buyer to Verify: Yes
Elect Separate Meter: Yes
FKAA: Yes
Municipal Sewer: Yes
Water Separate Meter: Yes

Porch/Balcony

Deck: Yes
Open Porch/Balcony: Yes

Exterior Features

Fencing: Yes
Lighting: Yes
Outdoor Shower: Yes
Privacy Wall/Fence: Yes

Roof

Metal Roof: Yes

Property Features

Fee Includes: None Tax Exemptions: None License Info: Non Trans Rntl Lic Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Building Style: Ground Level Vehicle Storage: Off Street Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air; Heat Utilities: Buyer to Verify; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Interior Features: Cathedral Ceilings; Quartz Countertops Appliances: Dishwasher; Dryer; Freezer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Fencing; Lighting; Outdoor Shower; Privacy Wall/Fence Pool Info: In Ground; Decked Construction: CBS; Combo Construction Floor: Wood Roof: Metal Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; FHA; VA

Listing Office: Vacasa Florida, LLC

Last Updated: April - 27 - 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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