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  • 515 Petronia Street, Key West, FL 33040 (MLS# 618308)

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: Contingent
Current Price: $1,400,000 List Date: 1/26/2026 Last Modified: 1/30/2026

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 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.

More Information MLS# 618308

Contract Information

Listing Board: Key West Association Current Price: $1,400,000 Listing Date: 2026-01-26 List Price: $1,400,000

Location, Tax & Legal

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 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

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: No Control Depth: 0 Lot Size: 38 X 95 Lot SqFt: 3099 Pool: Yes Acres: 0.07 SqFt Source: Property Data Card Rentals Allowed: Yes Style: Single Family Year Built: 1968 Living Apx SqFt: 1200 Total Bedrooms: 2 Full Baths: 2 Total Baths: 2

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.

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 Disposal: 1 Dryer: 1 Gas Appliances: 1 Microwave: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Tile: 1

Building Style

Above Flood: Unknown Stories: 1 Story

Windows/Doors

French Doors: 1

Vehicle Storage

Car(s): 3 Off Street Parking: 1

Construction

Frame: 1 Hardi Board Siding: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Furnished: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Porch/Balcony

Deck: 1 Patio: 1

Exterior Features

Bar: 1 Fencing: 1 Storage: 1

Pool Info

In Ground: 1 Heated: Yes Concrete: 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 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

Bedroom 1 Level: Main
Listing Office: Coastal Collection Real Estate Inc.
Last Updated: January - 30 - 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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