3707 Paula Avenue, Key West, FL 33040

$950,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,552 Lot Size (sq. ft.): 5,500 Status: Contingent

Current Price: $950,000 List Date: 1/08/2026 Last Modified: 2/18/2026

Description

Opportunities like this don't come around often. Discover the perfect blend of an income-producing legal duplex and the privacy of a beautifully renovated primary home in New Town, Key West. The primary home offers 2 bedrooms and 2 baths, featuring many upscale touches throughout, including a gorgeous, renovated gourmet kitchen ideal for entertaining or everyday living. The very spacious primary suite includes a luxurious ensuite bath and opens directly to a private backyard oasis, completely separate from the rental unit. The detached 1-bedroom, 1-bathroom cottage has a full kitchen and a washer and dryer. It also features its own outdoor living spaces. The cottage provides excellent income potential or a comfortable space for guests and family. Enjoy quiet island living while generating additional income—3707 Paula Ave truly delivers the best of both worlds.

More Information MLS# 617985

Contract Information

Listing Board: Key West Association Current Price: $950,000 Listing Date: 2026-01-07 List Price: $950,000

Location, Tax & Legal

KW Neighborhood: New Town City: KEY WEST Mile Marker: 4 Marathon Neighborhood: N/A Side: Median Flood Zone: AE,AE Alternate Key #: 1055441 Parcel #: 00054850-000000 Zoning: SF - Single Family Deed Restrictions: Unknown Legal: REPLAT OF BLOCK 3 PEARLMAN ESTATES KW PB3-171 LOT 13 BLK 3 OR93-361/362 OR867-154 OR1129-1871 OR1406-662 OR1666-1656 OR Taxes: 7595.02 Tax Year: 2025 Pub Sewer HkUp: Yes Street #: 3707 Street Name: Paula Street Suffix: Avenue Key/Island: Key West State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Pearlman Est (4.0) Area: 04 - Key West

General Property Description

Realtor.COM Type: Multi-family Waterfront: No Control Depth: 0 Lot SqFt: 5500 Pool: No Total Units: 0 Acres: 0.13 SqFt Source: Property Data Card Rentals Allowed: With Restrictions Style: Duplex Year Built: 1963 Living Apx SqFt: 1552 Total Bedrooms: 3 Full Baths: 3 Total Baths: 3

Remarks & Misc

Remarks – Consumer: Opportunities like this don't come around often. Discover the perfect blend of an income-producing legal duplex and the privacy of a beautifully renovated primary home in New Town, Key West. The primary home offers 2 bedrooms and 2 baths, featuring many upscale touches throughout, including a gorgeous, renovated gourmet kitchen ideal for entertaining or everyday living. The very spacious primary suite includes a luxurious ensuite bath and opens directly to a private backyard oasis, completely separate from the rental unit. The detached 1-bedroom, 1-bathroom cottage has a full kitchen and a washer and dryer. It also features its own outdoor living spaces. The cottage provides excellent income potential or a comfortable space for guests and family. Enjoy quiet island living while generating additional income—3707 Paula Ave truly delivers the best of both worlds.

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

Pets

Pets Allowed: 1

Cooling

Central Air: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Tile: 1

Property Condition

Updated/Remodeled: 1

Specialty Rooms

Laundry Room: 1

Building Style

Above Flood: Unknown

Vehicle Storage

Covered Parking: 1 Off Street Parking: 1

Construction

CBS: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Unfurnished: 1

Terms

Cash: 1 Conventional: 1

Utilities

Elect Separate Meter: 1 FKAA: 1 Municipal Sewer: 1 Water Separate Meter: 1

Porch/Balcony

Deck: 1

Exterior Features

Outdoor Shower: 1 Storage: 1

Roof

Metal Roof: 1

Shutters

Panel: 1

Status Change Info

Contingent: Contingent Status: Contingent

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Vehicle Storage: Covered Parking; Off Street Parking Furnished: Unfurnished Cooling: Central Air Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Specialty Rooms: Laundry Room Appliances: Dishwasher; Dryer; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Outdoor Shower; Storage Construction: CBS Shutters: Panel Floor: Tile Roof: Metal Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Cash; Conventional

Listing Office: Coastal Collection Real Estate Inc.

Last Updated: February - 18 - 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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