927 Thomas Street 1, Key West, FL 33040

$1,133,000

Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,124 Lot Size (sq. ft.): 3,718 Status: Active

Current Price: $1,133,000 List Date: 10/01/2026 Last Modified: 10/23/2026

Overview

Description

Your Old Town Key West dream can start now -- with income built in. This exceptional 2-bedroom, 2.5-bath, townhouse-style condo offers a rare combination of Old Town lifestyle, flexible living space, and income-producing potential. Currently configured with a lock-off 1-bedroom apartment, the property offers an ideal opportunity for the future Key West homeowner: enjoy the larger 1 Bedroom, 1.5 Bath unit with private garden/patio as your own Key West retreat while the lock-off apartment provides substantial annual rental income. When the time comes to make Key West your full-time home, the property can be easily converted back to its original spacious 2-bedroom townhouse-style layout. A private gated entry opens to your own generous outdoor oasis, complete with a waterfall pond, large patio, and charming ''she-shed'' -- perfect for storage, an art studio, or entertaining. Inside, you'll find high ceilings, abundant natural light, generous storage, in-unit washer/dryers, and newe ... (Read more)

Listing Details MLS# 621479

Location, Tax & Legal

Street #: 927
Street Name: Thomas
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Old Town - Unlisted (1.0)
Area: 02 - Key West
KW Neighborhood: Old Town-N of Truman
Unit #: Yes
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Median
Flood Zone: X
Alternate Key #: 9105291
Handicap Access: No
Zoning: HMDR - Historic Medium Density Residential
Deed Restrictions: No
Legal: UNIT 1 - THE CAPTAIN'S HOUSE CONDOMINIUM OR3258-2038DEC OR3327-2122AMD OR3361-1006
Taxes: 8407
Tax Year: 2025
Pub Sewer HkUp: Yes

Contract Information

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

General Property Description

Realtor.COM Type: Residential - Condo/Townhouse
Style: Condo
Waterfront: No
Pool: No
Year Built: 1908
Total Units: 5
Lot SqFt: 3718
Living Apx SqFt: 1124
SqFt Source: Property Data Card
Total Bedrooms: 2
Full Baths: 2
Half Baths: Yes
Total Baths: 3
Floor Number: Yes
Rentals Allowed: With Restrictions
Min Rental Days: 30
Control Depth: 0

Association Info

Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 780
Assoc/Mnt Fee Per: Monthly

License Info

# of City License: Yes
Non Trans Rntl Lic: Yes

More Information

Building Style

Above Flood: Unknown
Stories: 3 Stories

Remarks & Misc

Remarks – Consumer: Your Old Town Key West dream can start now -- with income built in. This exceptional 2-bedroom, 2.5-bath, townhouse-style condo offers a rare combination of Old Town lifestyle, flexible living space, and income-producing potential. Currently configured with a lock-off 1-bedroom apartment, the property offers an ideal opportunity for the future Key West homeowner: enjoy the larger 1 Bedroom, 1.5 Bath unit with private garden/patio as your own Key West retreat while the lock-off apartment provides substantial annual rental income. When the time comes to make Key West your full-time home, the property can be easily converted back to its original spacious 2-bedroom townhouse-style layout. A private gated entry opens to your own generous outdoor oasis, complete with a waterfall pond, large patio, and charming ''she-shed'' -- perfect for storage, an art studio, or entertaining. Inside, you'll find high ceilings, abundant natural light, generous storage, in-unit washer/dryers, and newer stainless-steel appliances. Just two blocks from Duval Street in the heart of Old Town's vibrant Bahama Village, you're surrounded by restaurants, galleries, shops, nightlife, and countless Key West attractions -- all within easy walking distance. Whether you're ready for a Key West home now or envision making the island your full-time home in the future, this is a rare opportunity to own your piece of Old Town, enjoy income along the way, and ultimately create the spacious Key West home you've been dreaming of. Some seller financing considered. Seller is a Florida Licensed Realtor. Photos 10-17 show Original Layout, 18=FloorPlan, 19-37 show Back Unit, 38-49 show Front Lock-Off Apt.
Directions: Corner of Truman Ave. and Thomas St.

Fee Includes

Bldg Exterior Mnt: Yes
Building Insurance: Yes
Common Area Mnt: Yes
Exterminating: Yes
Sewer: Yes
Water: Yes
Other: Yes

Dockage

None: Yes

Tax Exemptions

None: Yes

Appliances

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

Cooling

Central Air: Yes
Wall/Window Unit(s): Yes

Waterfront

None: Yes

Waterview

No Waterview: Yes

Floor

Laminate: Yes
Tile: Yes
Wood: Yes

Neighborhood Feature

Beach: Yes
Community Pool: Yes

Interior Features

Bar: Yes
Built-in Cabinets: Yes
Cathedral Ceilings: Yes
Drapes/Blinds Incl: Yes
Entrance Foyer: Yes
Fire Sprinkler: Yes
Pantry: Yes
Split Bedroom: Yes
Storage: Yes

Property Condition

Updated/Remodeled: Yes

Windows/Doors

French Doors: Yes
Impact Rstnce Doors: Yes

Construction

CBS: Yes
Combo Construction: Yes
Frame: Yes

Land Size

Less Than 1/4 Acre: Yes

Furnished

Negotiable: Yes

Terms

Cash: Yes
Conventional: Yes
Seller Finance Psble: Yes

Utilities

Cable Available: Yes
Elect Separate Meter: Yes
FKAA: Yes
Municipal Sewer: Yes
Propane: Yes
Well: Yes

Porch/Balcony

Open Porch/Balcony: Yes
Patio: Yes

Title

Negotiable: Yes

Exterior Features

Rain Gutters: Yes
Shed: Yes
Storage: Yes
Water Display: Yes

Roof

Combo Roof: Yes
Metal Roof: Yes
Other Roof: Yes

Accessibility Feat

None: Yes

Shutters

Panel: Yes

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Common Area Mnt; Exterminating; Sewer; Water; Other Tax Exemptions: None License Info: Non Trans Rntl Lic Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Furnished: Negotiable Cooling: Central Air; Wall/Window Unit(s) Utilities: Cable Available; Elect Separate Meter; FKAA; Municipal Sewer; Propane; Well Interior Features: Bar; Built-in Cabinets; Cathedral Ceilings; Drapes/Blinds Incl; Entrance Foyer; Fire Sprinkler; Pantry; Split Bedroom; Storage Appliances: Dishwasher; Dryer; Gas Appliances; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Rain Gutters; Shed; Storage; Water Display Accessibility Feat: None Construction: CBS; Combo Construction; Frame Shutters: Panel Floor: Laminate; Tile; Wood Roof: Combo Roof; Metal Roof; Other Roof Neighborhood Feature: Beach; Community Pool Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; Seller Finance Psble Title: Negotiable

Listing Office: Realty Executives Florida Keys Old Town

Last Updated: October - 23 - 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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