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Listing Board: Key West Association

Potential Short Sale: No

Bank Owned: No

Current Price: $1,185,000

Listing Date: 2026-05-18

List Price: $1,185,000

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 #: 00032610-000320

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)

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: Old Town - Unrecord (1.0)

Area: 01 - Key West

Realtor.COM Type: Residential - Single Family

Waterfront: No

Control Depth: 0

Lot Size: X

Lot SqFt: 2218

Pool: No

Acres: 0.03

SqFt Source: Property Data Card

Rentals Allowed: With Restrictions

Min Rental Days: 28

Style: Single Family

Year Built: 1924

Living Apx SqFt: 1306

Total Bedrooms: 3

Full Baths: 3

Total Baths: 3

Remarks – Consumer: Tucked quietly behind neighboring homes in the heart of Key West, 1016 Varela St. Rear offers privacy, flexibility and an exceptional walkable lifestyle. From this convenient location, you can easily walk to beaches, restaurants, coffee shops and the local grocery store, allowing you to enjoy the best of Key West without a car. Originally built in the early 1920's this historic home has been thoughtfully renovated, with the most recent renovations in 2024, blending the historic character with modern updates throughout. Interior features an updated kitchen with smart appliances, new updated bathrooms and beautiful hardwood floors, creating a comfortable and move-in ready space. Impact windows and doors provide both storm protection and excellent sound insulation. The property is accessed by a walkway that leads past neighboring homes, creating a quiet and private setting, that feels tucked away from the street while still being close to everything Old Town has to offer. A welcoming front porch provides a peaceful place to relax, while the backyard offers space for a future pool, storage and lots of warm Key West sunshine. A separate second-Floor apartment mother in law Suite provides additional flexibility, ideal for visiting family, adult children or potential rental income while maintaining privacy between living spaces. The apartment can be accessed by a second property entrance via Watson Lane ideal if using as a rental. For those that qualify, this property offers an assumable VA mortgage at very competitive rates. 1016 Varela St. Rear offers that rare combination of historic charm, modern updates and a location that truly captures the convenience of Old Town living.

Mandatory Home Owners Asc: Yes

1st Right of Refusal: No

Association Fee $: 0

Assoc/Mnt Fee Per: Yearly

# 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

Unfurnished: 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