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$950,000
1022 Watson Lane
Key West, FL 33040
MLS# 617812
3 beds  |  3 baths  |  968 sqft


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Property Description
Priced to Sell in Old Town!
Tucked away on a quiet lane, this versatile Key West home offers unbeatable value and rare features—including the only home in Old Town with a private pool under $1M. The main living space upstairs includes 1 bedroom, 1 bathroom, a full kitchen, dining room, and living room, all with a comfortable layout and great potential for easy modern updates to match your style. Step outside to enjoy your private deck, balcony, and inviting pool, perfect for relaxing or entertaining. Downstairs, a separate lock-out unit provides excellent flexibility with 2 bedrooms, 1.5 baths, and its own private entrance—ideal for guests, or extended family. Additional highlights include a garage, a highly sought-after feature in Old Town, and an X flood zone location, meaning no flood insurance is required in most cases. With its rare amenities, flexible layout, quiet setting, and opportunity to add your personal touch, this property is a standout find. Create your ideal Old Town retreat or income-producing getaway!

Details
Maps
Contract Information
Listing Board: Key West Association
Current Price: $950,000
Listing Date: 2025-12-22
List Price: $950,000
Location, Tax & Legal
KW Neighborhood: Old Town-S of Truman
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: X
Alternate Key #: 8643705
Handicap Access: No
Parcel #: 00032610-000100
Zoning: HMDR - Historic Medium Density Residential
Deed Restrictions: Unknown
Legal: KW GWYNN SUB PT LOT 19 SQR 1 TR 13 OR876-2010 OR1121-1508 OR1121-806 OR1142-1001 OR1142-1005 OR1171-511 OR1425-1418 OR14
Taxes: 3591.74
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 1022
Street Name: Watson
Street Suffix: Lane
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Gwynn Sub (1.0)
Area: 02 - Key West
General Property Description
Realtor.COM Type: Residential - Single Family
Waterfront: No
Control Depth: 0
Lot SqFt: 1535
Pool: Yes
Total Units: 0
Acres: 0.04
SqFt Source: Tax Records
Rentals Allowed: Yes
Style: Single Family
Year Built: 1934
Living Apx SqFt: 968
Total Bedrooms: 3
Full Baths: 2
Half Baths: 1
Total Baths: 3
Remarks & Misc
Remarks – Consumer: Priced to Sell in Old Town!
Tucked away on a quiet lane, this versatile Key West home offers unbeatable value and rare features—including the only home in Old Town with a private pool under $1M. The main living space upstairs includes 1 bedroom, 1 bathroom, a full kitchen, dining room, and living room, all with a comfortable layout and great potential for easy modern updates to match your style. Step outside to enjoy your private deck, balcony, and inviting pool, perfect for relaxing or entertaining. Downstairs, a separate lock-out unit provides excellent flexibility with 2 bedrooms, 1.5 baths, and its own private entrance—ideal for guests, or extended family. Additional highlights include a garage, a highly sought-after feature in Old Town, and an X flood zone location, meaning no flood insurance is required in most cases. With its rare amenities, flexible layout, quiet setting, and opportunity to add your personal touch, this property is a standout find. Create your ideal Old Town retreat or income-producing getaway!
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
Fee Includes
None: 1
Dockage
None: 1
Tax Exemptions
Homestead: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Freezer: 1
Microwave: 1
Oven: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Washer: 1
Pets
Pets Allowed: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Wood: 1
Building Style
Above Flood: Yes
Stories: 2 Stories
Windows/Doors
French Doors: 1
Single Hung Windows: 1
Vehicle Storage
Garage: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Unfurnished: 1
Terms
Cash: 1
Conventional: 1
FHA: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Porch/Balcony
Deck: 1
Open Porch/Balcony: 1
Title
Negotiable: 1
Exterior Features
Privacy Wall/Fence: 1
Storage: 1
Water Display: 1
Pool Info
In Ground: 1
Concrete: 1
Decked: 1
Shutters
Other: 1
Status Change Info
Status: Active
Property Features
Fee Includes: None
Tax Exemptions: Homestead
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Garage
Furnished: Unfurnished
Cooling: Ceiling Fans(s); Central Air
Utilities: FKAA; Municipal Sewer
Appliances: Dishwasher; Disposal; Dryer; Freezer; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features: Privacy Wall/Fence; Storage; Water Display
Pool Info: In Ground; Concrete; Decked
Construction: Frame
Shutters: Other
Floor: Wood
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; FHA
Title: Negotiable
Room Information
Room Name Level
Full BathroomSecond
Bedroom 1Second
Living RoomSecond
KitchenSecond
Dining RoomSecond
Bedroom 2Main
Bedroom 3Main
Full BathroomMain
Half BathroomMain

Listing Office: Island Life Realty Experts

Last Updated: December - 23 - 2025

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.