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$3,750,000
Key West, FL 33040
MLS# 621522
4 beds | 4 baths | 2214 sqft
1 / 13
Property Description
Exceptional Key West Investment Opportunity with 3 Transient Licenses. The property consists of four private one bedrooms, one bath units, each featuring its own kitchen, living area, bedroom, and full bathroom. Most importantly, three of the four units benefit from transient rental licenses allowing nightly rentals, an increasingly rare and valuable asset in the Key West market. The fourth unit is currently rented monthly. Guests enjoy a shared private courtyard with a swimming pool, creating an inviting tropical setting and a desirable amenity for vacation renters. The property also offers three parking spaces, an added convenience in Key West. Renovated in 2018, the units blend classic Key West character with modern updates. Features include Dade County pine, engineered wood flooring, granite countertops, updated kitchen cabinetry and appliances, along with updated plumbing and electrical systems. Each unit is designed to operate independently, making the property well suited for continued use as an income producing investment.
Details
Maps
Contract Information
Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Current Price: $3,750,000
Listing Date: 2026-10-06
List Price: $3,750,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Off Shore Island: No
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Bay/Gulf
Flood Zone: AE
Alternate Key #: 1025046
Parcel #: 00024250-000000
Zoning: HMDR - Historic Medium Density Residential
Legal: KW BENJ ALBURYS SUBD DIAGRAM I-389 PT LOTS 8-9 SQR 3 TR 7 E1-128 OR662-774 OR703-83 OR959-993 OR1006-283 OR1038-721 OR12
Taxes: 21730.96
Tax Year: 2025
Street #: 1501
Street Name: Truman
Street Suffix: Avenue
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: The Meadows (1.0)
County: Monroe
Area: 01 - Key West
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Control Depth: 0
Lot Size: 49 X 88
Lot SqFt: 4364
Total Units: 4
# Parking Spaces: 3
Off Street Parking: 3
# Stories: 2
SqFt Source: Property Data Card
Total # Buildings: 1
Building SqFt: 2214
Style: Commercial
Living Apx SqFt: 2214
Year Built: 1928
Total Bedrooms: 4
Full Baths: 4
Total Baths: 4
Remarks & Misc
Remarks – Consumer: Exceptional Key West Investment Opportunity with 3 Transient Licenses. The property consists of four private one bedrooms, one bath units, each featuring its own kitchen, living area, bedroom, and full bathroom. Most importantly, three of the four units benefit from transient rental licenses allowing nightly rentals, an increasingly rare and valuable asset in the Key West market. The fourth unit is currently rented monthly. Guests enjoy a shared private courtyard with a swimming pool, creating an inviting tropical setting and a desirable amenity for vacation renters. The property also offers three parking spaces, an added convenience in Key West. Renovated in 2018, the units blend classic Key West character with modern updates. Features include Dade County pine, engineered wood flooring, granite countertops, updated kitchen cabinetry and appliances, along with updated plumbing and electrical systems. Each unit is designed to operate independently, making the property well suited for continued use as an income producing investment.
Deed Restrictions
No: 1
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of City License: 4
# of County License: 4
# of Transient Licns: 3
Type
Other Comrcl Style: 1
Fee Includes
None: 1
Dockage
None: 1
Appliances
Dryer: 1
Refrigerator: 1
Washer: 1
Property Info
# Kitchens: 4
# Refrigerators: 4
# Range/Ovens: 4
# Washers: 1
# Dryers: 1
1 Bed/Bath: 4
Cooling
Wall/Window Unit(s): 1
Waterfront
None: 1
Electric
Other Electric: 1
Waterview
No Waterview: 1
Floor
Combo: 1
Laminate: 1
Tile: 1
Interior Features
Furnished: 1
Smoke Alarms: 1
Windows/Doors
Wood Windows: 1
Vehicle Storage
Guest Parking: 1
Off Street Parking: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Utilities
FKAA: 1
Title
Negotiable: 1
Property Rights
Multi-Use/Commercial: 1
Miscellaneous
Pool: 1
Roof
Metal Roof: 1
Auction Info
Auction: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Shutters
Other: 1
Status Change Info
Status: Active
Property Features
Deed Restrictions: No
Type: Other Comrcl Style
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Guest Parking; Off Street Parking
Cooling: Wall/Window Unit(s)
Utilities: FKAA
Interior Features: Furnished; Smoke Alarms
Appliances: Dryer; Refrigerator; Washer
Miscellaneous: Pool
Construction: Frame
Electric: Other Electric
Shutters: Other
Floor: Combo; Laminate; Tile
Roof: Metal Roof
Land Size: Less Than 1/4 Acre
Fee Includes: None
Title: Negotiable
Property Rights: Multi-Use/Commercial
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: October - 07 - 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.