708 Bakers Lane, Key West, FL 33040

$1,400,000

Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 684 Lot Size (sq. ft.): 4,975 Status: Closed

Current Price: $1,400,000 List Date: 1/08/2026 Last Modified: 4/02/2026

Overview

Description

Positioned on a rare 5000 Sq Ft. lot at one of the highest natural elevations on the Island, this property represents an exceptional opportunity in the heart of Old Town Key West - where location is everything. Set beneath a canopy of established trees, the site offers shade, privacy and a sense of timeless Old Town Character that is increasingly hard to find. Currently improved with a livable one-bedroom, one bath residence, the true value lies in the land itself. The existing structure provides flexibility - whether as a holding asset, future redevelopment or new build - allowing the next owner to capitalize on one of the most desirable settings in Key West. A full 10 out of 10 walkability Score, steps from world class dining, renowned live music cafes, galleries and the vibrant cultural fabric that defines the Island Lifestyle. A leisurely four minute walk to Duval St. underscores the property's unmatched proximity while maintaining a quieter, more refined residential feel. ... (Read more)

Listing Details MLS# 618002

Location, Tax & Legal

Street #: 708
Street Name: Bakers
Street Suffix: Lane
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 #: 1012246
Parcel #: 00011910-000000
Zoning: HDR - High Density Residential
Deed Restrictions: Unknown
Legal: KW PT LOT 4 SQR 59 OR223-401 OR599-739 OR839-1483 OR923-2393 OR951-1964 OR1042-641 OR1042-643 OR2676-359 OR3067-2431 OR3
Taxes: 9829.97
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: No
Year Built: 1972
Lot SqFt: 4975
Acres: 0.11
Living Apx SqFt: 684
SqFt Source: Property Data Card
Total Bedrooms: Yes
Full Baths: Yes
Total Baths: Yes
Rentals Allowed: With Restrictions
Min Rental Days: 28
Control Depth: 0
Total Units: 0

Status Change Info

Under Contract Date: 2026-03-31
Sold Date: 2026-04-02
Sold Comments: Thank you All!!

Association Info

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

License Info

# of City License: Yes

More Information

Building Style

Above Flood: Yes
Stories: 1 Story
Ground Level: Yes

Vehicle Storage

Car(s): 2
Off Street Parking: Yes

Remarks & Misc

Remarks – Consumer: Positioned on a rare 5000 Sq Ft. lot at one of the highest natural elevations on the Island, this property represents an exceptional opportunity in the heart of Old Town Key West - where location is everything. Set beneath a canopy of established trees, the site offers shade, privacy and a sense of timeless Old Town Character that is increasingly hard to find. Currently improved with a livable one-bedroom, one bath residence, the true value lies in the land itself. The existing structure provides flexibility - whether as a holding asset, future redevelopment or new build - allowing the next owner to capitalize on one of the most desirable settings in Key West. A full 10 out of 10 walkability Score, steps from world class dining, renowned live music cafes, galleries and the vibrant cultural fabric that defines the Island Lifestyle. A leisurely four minute walk to Duval St. underscores the property's unmatched proximity while maintaining a quieter, more refined residential feel. Opportunities of this caliber, high elevation, generous size lot, premier walkability and a blue chip location - are exceedingly rare. 708 Bakers Lane is a property for the discerning buyer who recognises that in Key West, land in the right spot is the ultimate luxury investment.

Fee Includes

None: Yes

Dockage

None: Yes

Tax Exemptions

None: Yes

Appliances

Microwave: Yes
Oven: Yes
Range: Yes
Refrigerator: Yes

Pets

Pets Allowed: Yes

Waterfront

None: Yes

Waterview

No Waterview: Yes

Property Condition

Fixer Upper: Yes

Windows/Doors

Jalousie Windows: Yes

Construction

CBS: Yes

Land Size

Less Than 1/4 Acre: Yes

Furnished

Negotiable: Yes

Terms

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

Utilities

FKAA: Yes

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Fixer Upper Building Style: Ground Level Vehicle Storage: Off Street Parking Furnished: Negotiable Utilities: FKAA Appliances: Microwave; Oven; Range; Refrigerator Construction: CBS Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; FHA; VA

Listing Office: Suzanne Moore Real Estate

Last Updated: April - 02 - 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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