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  • 1223 Margaret Street, Key West, FL 33040 (MLS# 612955)

1223 Margaret Street, Key West, FL 33040

$2,000,000
Property Type: Residential Bedrooms: 3 Baths: 5 Square Footage: 2,412 Lot Size (sq. ft.): 3,292 Status: Closed
Current Price: $2,000,000 List Date: 1/04/2025 Last Modified: 3/31/2025

Description

Located in Old Town of Key West, this 2412 Sq Ft, 3-story single-family home offers the perfect blend of space, comfort, and island charm. The main house features 3 spacious en-suite bedrooms and 3.5 bathrooms, providing plenty of privacy for family and guests. The 2nd floor has 2 en-suite bedrooms and the 3rd floor features a spacious full-floor primary suite, complete with a sitting room that can easily serve as a fourth bedroom or a home office. The property includes a guest house with a full bathroom, ideal for visitors. Exit the sliding glass doors and you'll find a private in-ground heated pool, creating a tranquil oasis for relaxing and entertaining. This home embodies the best of the Key West lifestyle. Enjoy an easy walk to world-famous Duval Street, Higgs Beach, the White Street Pier, the Historic Seaport District, and many of Key West's renowned restaurants, galleries, and shops. Off-street parking is available at the rear of the house, and there is space to park out front. The property has a strong vacation rental history, making it an excellent investment opportunity, and is located in the X flood zone. Whether you're looking for a full-time residence, a vacation home, or an income-producing property, this single-family home has it all. Experience the best of island living in this exceptional Key West getaway.

More Information MLS# 612955

Contract Information

Listing Board: Key West Association As is Rght to Inspct: Yes Species List: No Current Price: $2,000,000 Listing Date: 2025-01-02 Sold Price: $2,000,000

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 #: 8929610 Handicap Access: No Parcel #: 00029650-000104 Zoning: HMDR - Historic Medium Density Residential Deed Restrictions: Unknown Legal: UNIT 4 SECLUDED GARDENS OF KEY WEST A CONDO AND PARKING SPACE 4 OR1583-1176/77 OR2581-411/12 OR2856-1629/32 Taxes: 12029.48 Tax Year: 2023 Pub Sewer HkUp: Yes Street #: 1223 Street Name: Margaret Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Key West Investment Co Sub (1.0) Area: 02 - Key West

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: No Control Depth: 0 Lot SqFt: 3292 Pool: Yes Lot Sqft Source: Property Data Card Total Units: 0 Acres: 0.08 SqFt Source: Property Data Card Rentals Allowed: With Restrictions Min Rental Days: 28 Style: Single Family Year Built: 1999 Living Apx SqFt: 2412 Total Bedrooms: 3 Full Baths: 4 Half Baths: 1 Total Baths: 5

Remarks & Misc

Remarks – Consumer: Located in Old Town of Key West, this 2412 Sq Ft, 3-story single-family home offers the perfect blend of space, comfort, and island charm. The main house features 3 spacious en-suite bedrooms and 3.5 bathrooms, providing plenty of privacy for family and guests. The 2nd floor has 2 en-suite bedrooms and the 3rd floor features a spacious full-floor primary suite, complete with a sitting room that can easily serve as a fourth bedroom or a home office. The property includes a guest house with a full bathroom, ideal for visitors. Exit the sliding glass doors and you'll find a private in-ground heated pool, creating a tranquil oasis for relaxing and entertaining. This home embodies the best of the Key West lifestyle. Enjoy an easy walk to world-famous Duval Street, Higgs Beach, the White Street Pier, the Historic Seaport District, and many of Key West's renowned restaurants, galleries, and shops. Off-street parking is available at the rear of the house, and there is space to park out front. The property has a strong vacation rental history, making it an excellent investment opportunity, and is located in the X flood zone. Whether you're looking for a full-time residence, a vacation home, or an income-producing property, this single-family home has it all. Experience the best of island living in this exceptional Key West getaway.

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Association Fee $: 500 Assoc/Mnt Fee Per: Yearly

License Info

# of City License: 1 # of County License: 1 Non Trans Rntl Lic: 1

Fee Includes

None: 1

Dockage

None: 1

Tax Exemptions

Homestead: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Central Air: 1 Wall/Window Unit(s): 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Tile: 1 Wood: 1

Interior Features

Built-in Cabinets: 1 Drapes/Blinds Incl: 1 Entrance Foyer: 1 Security System: 1 Smoke Alarms: 1

Building Style

Above Flood: Yes Stories: 3 Stories

Windows/Doors

Double Hung Windows: 1 Impact Rstnce Window: 1 Sliding Glass Doors: 1

Vehicle Storage

Car(s): 1 Off Street Parking: 1

Construction

Frame: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Furnished: 1

Utilities

Cable Available: 1 FKAA: 1 Municipal Sewer: 1

Exterior Features

Detached Guest Qtrs: 1

Pool Info

In Ground: 1 Heated: Yes Concrete: 1

Pre-Wired

Cable: 1

Roof

Metal Roof: 1

Shutters

Other: 1

Status Change Info

Sold Date: 2025-03-31 Sold Price: $2,000,000 Status: Closed

Property Features

Fee Includes: None Tax Exemptions: Homestead License Info: Non Trans Rntl Lic Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Furnished: Furnished Cooling: Central Air; Wall/Window Unit(s) Utilities: Cable Available; FKAA; Municipal Sewer Interior Features: Built-in Cabinets; Drapes/Blinds Incl; Entrance Foyer; Security System; Smoke Alarms Pre-Wired: Cable Appliances: Dishwasher; Disposal; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Detached Guest Qtrs Pool Info: In Ground; Concrete Construction: Frame Shutters: Other Floor: Tile; Wood Roof: Metal Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre
Listing Office: Coldwell Banker Schmitt Real Estate Co. (KW)
Last Updated: March - 31 - 2025
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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