515 Petronia Street, Key West, FL 33040

$1,400,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,200 Lot Size (sq. ft.): 3,099 Status: Closed

Current Price: $1,400,000 List Date: 1/26/2026 Last Modified: 4/21/2026

Overview

Description

Introducing 515 Petronia Street, a rare Old Town offering where refined island living aligns with proven investment fundamentals. Ideally positioned between Simonton and Duval Streets, this 2-bedroom, 2-bath residence places Key West's most iconic dining, shopping, and nightlife just steps away, while maintaining a private, resort-style atmosphere. A gated entry opens to a tranquil poolside courtyard, setting the tone for seamless indoor-outdoor living. French doors connect the living spaces to the outdoors, and each bedroom enjoys access to its own private patio. The kitchen features custom wood cabinetry, granite countertops, & stainless steel appliances including a gas range. Bathrooms are updated with clean, contemporary finishes, dual vanities with vessel sinks, polished chrome fixtures, & discreetly integrated in-unit laundry. The fully enclosed backyard retreat serves as the home's centerpiece, anchored by a recently resurfaced swimming pool, multiple lounge areas, and an exp ... (Read more)

Listing Details MLS# 618308

Location, Tax & Legal

Street #: 515
Street Name: Petronia
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Old Town - Unrecord (1.0)
Area: 01 - Key West
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Median
Flood Zone: X
Alternate Key #: 8497598
Parcel #: 00015960-000100
Zoning: HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl
Deed Restrictions: Unknown
Legal: KW PT LOT 4 SQR 2 TR 4 & 1/6 INT IN AREA USED FOR PARKING BOOK OF WILLS OR806-234/35 OR834-1630 OR879-1673/75 OR935-607/
Taxes: 12681.33
Tax Year: 2025
Pub Sewer HkUp: Yes

Contract Information

Listing Board: Key West Association

General Property Description

Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: No
Pool: Yes
Year Built: 1968
Lot SqFt: 3099
Acres: 0.07
Living Apx SqFt: 1200
SqFt Source: Property Data Card
Total Bedrooms: 2
Full Baths: 2
Total Baths: 2
Rentals Allowed: Yes
Control Depth: 0

Status Change Info

Under Contract Date: 2026-01-29
Sold Date: 2026-03-31

Association Info

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

Building Style

Above Flood: Unknown
Stories: 1 Story

More Information

Vehicle Storage

Car(s): 3
Off Street Parking: Yes

Pool Info

Heated: Yes
In Ground: Yes
Concrete: Yes

Remarks & Misc

Remarks – Consumer: Introducing 515 Petronia Street, a rare Old Town offering where refined island living aligns with proven investment fundamentals. Ideally positioned between Simonton and Duval Streets, this 2-bedroom, 2-bath residence places Key West's most iconic dining, shopping, and nightlife just steps away, while maintaining a private, resort-style atmosphere. A gated entry opens to a tranquil poolside courtyard, setting the tone for seamless indoor-outdoor living. French doors connect the living spaces to the outdoors, and each bedroom enjoys access to its own private patio. The kitchen features custom wood cabinetry, granite countertops, & stainless steel appliances including a gas range. Bathrooms are updated with clean, contemporary finishes, dual vanities with vessel sinks, polished chrome fixtures, & discreetly integrated in-unit laundry. The fully enclosed backyard retreat serves as the home's centerpiece, anchored by a recently resurfaced swimming pool, multiple lounge areas, and an expansive covered outdoor bar and entertaining pavilion complete with refrigeration, mounted televisions, and ambient lighting. Mature palms and tropical landscaping provide exceptional privacy and a true resort-style setting. The property benefits from high-quality, low-maintenance improvements, including a 2018 roof with Berridge Victorian metal shingles, Hardie plank siding, and Azek decking. A rare advantage in Old Town, two off-street parking spaces enhance both convenience and long-term desirability. An established professional vacation management program is already in place, offering a seamless transition for buyers seeking immediate income with minimal operational involvement. Whether held as a refined second home, a professionally managed asset, or a strategic blend of both, 515 Petronia Street represents a compelling Old Town acquisition defined by location, scarcity, quality construction, and enduring value.

Fee Includes

None: Yes

Dockage

None: Yes

Tax Exemptions

None: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Gas Appliances: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Stainless Steel Appliance(s): Yes
Washer: Yes

Pets

Pets Allowed: Yes

Cooling

Ceiling Fans(s): Yes
Central Air: Yes

Waterfront

None: Yes

Waterview

No Waterview: Yes

Floor

Tile: Yes

Windows/Doors

French Doors: Yes

Construction

Frame: Yes
Hardi Board Siding: Yes

Land Size

Less Than 1/4 Acre: Yes

Furnished

Furnished: Yes

Utilities

FKAA: Yes
Municipal Sewer: Yes

Porch/Balcony

Deck: Yes
Patio: Yes

Exterior Features

Bar: Yes
Fencing: Yes
Storage: Yes

Roof

Metal Roof: Yes

Shutters

Panel: Yes

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Utilities: FKAA; Municipal Sewer Appliances: Dishwasher; Disposal; Dryer; Gas Appliances; Microwave; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Bar; Fencing; Storage Pool Info: In Ground; Concrete Construction: Frame; Hardi Board Siding Shutters: Panel Floor: Tile Roof: Metal Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre

Room Information

Room Name	Level
Bedroom 1	Main

Listing Office: Coastal Collection Real Estate Inc.

Last Updated: April - 21 - 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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