723 Eaton Street, Key West, FL 33040

$5,950,000

Property Type: Residential Bedrooms: 6 Baths: 8 Square Footage: 4,094 Lot Size (sq. ft.): 6,887 Status: Active

Current Price: $5,950,000 List Date: 12/15/2025 Last Modified: 4/13/2026

Description

Private Old Town enclave with built-in income and exceptional flexibility. Ideally located near the Historic Seaport and Fausto's, this three-residence property is currently configured with two leased units generating immediate income and a separate 3-bedroom owner's residence with pool. The rear owners unit offers 3 bedrooms and 3.5 baths with direct access to the tropical courtyard pool, while the upper 2-bedroom, 2.5-bath apartment and elegant Eaton Street facing 1-bedroom, 1-bath cottage provide established rental opportunities. Gated, private, and complete with three off-street parking spaces, this is a rare opportunity to live in the heart of Old Town while your property works for you--or maximize returns with a fully income-driven approach.

More Information MLS# 617710

Contract Information

Listing Board: Key West Association As is Rght to Inspct: Yes Species List: No Current Price: $5,950,000 Listing Date: 2025-12-15 List Price: $5,950,000

Location, Tax & Legal

KW Neighborhood: Old Town-N 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 #: 1003531 Parcel #: 00003400-000000 Zoning: HHDR - Historic High Density Residential Deed Restrictions: No Legal: KW PT LOT 1 SQR 22 G7-17 OR108-426/29 OR617-318 OR750-591 OR897-1066/67 OR903-1434/35 OR928-436/39 OR928-440/43 OR1095- Taxes: 24724.96 Tax Year: 2025 Pub Sewer HkUp: Yes Street #: 723 Street Name: Eaton 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 SqFt: 6887 Pool: Yes Lot Sqft Source: Tax Records Total Units: 3 Acres: 0.19 SqFt Source: Tax Records Rentals Allowed: With Restrictions Min Rental Days: 30 Style: Multi-Units Year Built: 2020 Living Apx SqFt: 4094 Total Bedrooms: 6 Full Baths: 6 Half Baths: 2 Total Baths: 8

Remarks & Misc

Remarks – Consumer: Private Old Town enclave with built-in income and exceptional flexibility. Ideally located near the Historic Seaport and Fausto's, this three-residence property is currently configured with two leased units generating immediate income and a separate 3-bedroom owner's residence with pool. The rear owners unit offers 3 bedrooms and 3.5 baths with direct access to the tropical courtyard pool, while the upper 2-bedroom, 2.5-bath apartment and elegant Eaton Street facing 1-bedroom, 1-bath cottage provide established rental opportunities. Gated, private, and complete with three off-street parking spaces, this is a rare opportunity to live in the heart of Old Town while your property works for you--or maximize returns with a fully income-driven approach. Directions: On Eaton Street in Old Town Key West. Off-street parking is available.

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

Stainless Steel Appliance(s): 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1 Ductless: 1

Heating

Ductless: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Tile: 1 Wood: 1

Neighborhood Feature

Other Area Features: 1

Interior Features

Dade County Pine: 1 Sky Light(s): 1

Property Condition

New Construction: 1

Building Style

Above Flood: Unknown

Vehicle Storage

Off Street Parking: 1

Construction

Frame: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Negotiable: 1

Terms

Cash: 1 Conventional: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Porch/Balcony

Deck: 1 Open Porch/Balcony: 1

Title

Negotiable: 1

Exterior Features

Lighting: 1 Rain Gutters: 1 Sprinkler System: 1 Water Display: 1

Pool Info

Concrete: 1 Decked: 1

Roof

Metal Roof: 1

Financial Status

Standard Sale: Yes

Status Change Info

Status: Active

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Property Condition: New Construction Vehicle Storage: Off Street Parking Furnished: Negotiable Cooling: Ceiling Fans(s); Central Air; Ductless Heating: Ductless Utilities: FKAA; Municipal Sewer Interior Features: Dade County Pine; Sky Light(s) Appliances: Stainless Steel Appliance(s) Exterior Features: Lighting; Rain Gutters; Sprinkler System; Water Display Pool Info: Concrete; Decked Construction: Frame Floor: Tile; Wood Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Other Area Features Land Size: Less Than 1/4 Acre Terms: Cash; Conventional Title: Negotiable

Listing Office: Preferred Properties (KW)

Last Updated: April - 13 - 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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