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Listing Board: Key West Association

Potential Short Sale: No

Bank Owned: No

Current Price: $1,495,000

Listing Date: 2026-02-20

List Price: $1,495,000

KW Neighborhood: Old Town-S of Truman

Unit #: Rear

City: KEY WEST

Mile Marker: 1

Marathon Neighborhood: N/A

Side: Median

Flood Zone: 0.2 PCT ANNUAL CHANC

Alternate Key #: 9104094

Handicap Access: No

Parcel #: 00032610000320

Zoning: HMDR - Historic Medium Density Residential

Deed Restrictions: Unknown

Legal: Kw Gwynn Sub 0-195 Pt Lot 19 Sqr 1 Tr 13 (A/K/A Parcel B 1016 Varela Townhomes) G5-559 Or654-780 Or1425-1425 Or1614-2031

Taxes: 7823.67

Tax Year: 2025

Pub Sewer HkUp: Yes

Street #: 1016

Street Name: Varela

Street Suffix: Street

Key/Island: Key West

State/Province: FL

Zip Code: 33040

County: Monroe

Subdivision: Gwynn Sub (1.0)

Area: 02 - Key West

Realtor.COM Type: Residential - Single Family

Waterfront: No

Control Depth: 0

Lot Size: X

Lot SqFt: 2218

Pool: No

Acres: 0.05

SqFt Source: Property Data Card

Rentals Allowed: With Restrictions

Min Rental Days: 28

Style: Single Family

Year Built: 1994

Living Apx SqFt: 1306

Total Bedrooms: 3

Full Baths: 3

Total Baths: 3

Remarks – Consumer: Set within a private, secluded compound and thoughtfully designed for both comfort and sophistication, this completely renovated tropical residence offers a rare blend of tranquility and refined island living. Historic Old Town Location on high elevated ground and X-Flood Zone, It's conveniently located to multiple restaurants, cafes, White St. Pier & Beaches. Two separate entrances from both Varela St. and the quiet end of Watson Lane enhances both privacy and ease for owners and visiting family alike. The three-bedroom, three-bath home has been meticulously reimagined by its owner with an emphasis on quality craftsmanship, enduring materials, and elegant functionality. The layout is particularly well-suited for owners who value space for extended family, visiting children, or long-term guests. A generous upstairs one-bedroom, one-bath guest suite provides a fully private retreat--ideal for multigenerational living, seasonal visitors, or a serene home office separate from the main residence. On the main level, the spacious primary suite is framed by modern barn doors and designed as a calm, luxurious sanctuary. Its en-suite bath blends historic character with contemporary comfort, rain shower, and refined scalloped tilework that evokes timeless coastal elegance. A second en-suite bedroom, located just beyond the kitchen through discreet pocket doors, offers flexibility as either a guest room or a sophisticated workspace, complete with a built-in Murphy bed to maximize both form and function. 1016 Varela St. features a beautifully updated Kitchen and bathrooms with quartz countertops, Impact windows and doors, high cathedral ceilings and room for a small pool in the rear has been confirmed. The renovation reflects a balance of tropical warmth and understated luxury, creating an inviting setting equally suited to quiet yet convenient Island living.

Directions: Between Truman & Virginia on Varela. Walkway located adjacent to 1016.

Mandatory Home Owners Asc: No

1st Right of Refusal: No

Association Fee $: 0

# of City License: 1

None: 1

None: 1

None: 1

Dishwasher: 1

Dryer: 1

Microwave: 1

Oven: 1

Refrigerator: 1

Stainless Steel Appliance(s): 1

Washer: 1

Pets Allowed: 1

Ceiling Fans(s): 1

Ductless: 1

None: 1

No Waterview: 1

Wood: 1

Cathedral Ceilings: 1

Fire Sprinkler: 1

Quartz Countertops: 1

Smoke Alarms: 1

Updated/Remodeled: 1

Above Flood: Yes

Conch: 1

Stories: 2 Stories

CBS: 1

Frame: 1

Less Than 1/4 Acre: 1

Negotiable: 1

FKAA: 1

Municipal Sewer: 1

Well: 1

Deck: 1

Open Porch/Balcony: 1

Cable: 1

Metal Roof: 1

Bank Owned: No

Potential Short Sale: No

Standard Sale: Yes

Status: Active