732 Olivia Street, Key West, FL 33040

$865,000

Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 510 Lot Size (sq. ft.): 2,550 Status: Closed

Current Price: $865,000 List Date: 11/14/2025 Last Modified: 6/13/2026

Overview

Description

Unlock the charm and potential of Old Town Key West living! Tucked away in the heart of Old Town, just a few blocks from world-famous Duval Street, 732 Olivia Street offers a rare opportunity to own a charming piece of Key West history. This one-bedroom, one-bath cottage with a versatile loft has been lovingly held by the same owner for over 45 years. Situated on a generous sized lot, the property invites you to bring your vision and create your own island retreat. Whether you're dreaming of a cozy getaway or a full renovation, the potential here is undeniable. Adding to the appeal, the home includes a 1/10 ownership in a shared 10-space parking area, conveniently accessible through the rear gate. Located in the desirable X flood zone, this home combines historic charm, prime location, and unique perks, making it an exceptional find in the heart of Key West. Don't miss out, schedule your private showing today and start your next chapter in Key West!

Listing Details MLS# 617321

Location, Tax & Legal

Street #: 732
Street Name: Olivia
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Carletons Compound (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: 0.2 PCT ANNUAL CHANC
Alternate Key #: 1021318
Parcel #: 00020570-000000
Zoning: HHDR - Historic High Density Residential
Deed Restrictions: Unknown
Legal: LOT 8 KW CARLETONS COMPOUND PB5-58 & 1/10TH INT PRIVATE ROAD OR307-480 OR612-603 OR613-594 OR755-647 OR755-1513 OR792-2/
Taxes: 7098.91
Tax Year: 2024
Pub Sewer HkUp: Yes

Contract Information

Listing Board: Key West Association
As is Rght to Inspct: Yes

General Property Description

Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: No
Pool: No
Year Built: 1938
Lot SqFt: 2550
Lot Sqft Source: Tax Records
Acres: 0.06
Living Apx SqFt: 510
SqFt Source: Tax Records
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: 2025-12-12
Sold Date: 2026-05-15

Association Info

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

Building Style

Above Flood: Yes

More Information

Vehicle Storage

Car(s): Yes
Off Street Parking: Yes

Financial Status

Auction: No

Remarks & Misc

Remarks – Consumer: Unlock the charm and potential of Old Town Key West living! Tucked away in the heart of Old Town, just a few blocks from world-famous Duval Street, 732 Olivia Street offers a rare opportunity to own a charming piece of Key West history. This one-bedroom, one-bath cottage with a versatile loft has been lovingly held by the same owner for over 45 years. Situated on a generous sized lot, the property invites you to bring your vision and create your own island retreat. Whether you're dreaming of a cozy getaway or a full renovation, the potential here is undeniable. Adding to the appeal, the home includes a 1/10 ownership in a shared 10-space parking area, conveniently accessible through the rear gate. Located in the desirable X flood zone, this home combines historic charm, prime location, and unique perks, making it an exceptional find in the heart of Key West. Don't miss out, schedule your private showing today and start your next chapter in Key West!

Fee Includes

None: Yes

Dockage

None: Yes

Tax Exemptions

None: Yes

Appliances

Range: Yes
Refrigerator: Yes

Pets

Pets Allowed: Yes

Waterfront

None: Yes

Waterview

No Waterview: Yes

Floor

Wood: Yes

Property Condition

Fixer Upper: Yes

Construction

Frame: Yes

Land Size

Less Than 1/4 Acre: Yes

Terms

Cash: Yes

Utilities

FKAA: Yes
Municipal Sewer: Yes

Porch/Balcony

Open Porch/Balcony: Yes
Screened Patio: Yes

Exterior Features

Fencing: Yes

Roof

Metal Roof: Yes

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Fixer Upper Vehicle Storage: Off Street Parking Utilities: FKAA; Municipal Sewer Appliances: Range; Refrigerator Exterior Features: Fencing Construction: Frame Floor: Wood Roof: Metal Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Cash

Listing Office: Island Life Realty Experts

Last Updated: June - 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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