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$739,000
Key West, FL 33040
MLS# 621364
2 beds | 1 baths | 390 sqft
1 / 7
Property Description
Opportunity meets location in the heart of Key West's increasingly sought-after Bahama Village. Situated on a generously sized lot, 316 Virginia Street offers an exciting opportunity to expand, renovate and reimagine, creating a quintessential Key West retreat in one of the island's most vibrant and evolving neighborhoods. The property's standout feature is the size and versatility of the lot. A large backyard provides plenty of room for a pool and outdoor living, while off-street parking along the side of the property adds a highly desirable Key West convenience. With no significant tree obstacles to design around, the property offers greater flexibility when planning a renovation and making the most of the outdoor space. And then there's the location. Steps from Truman Waterfront Park, Amphitheater and Fort Zachary Taylor Historic State Park--home to Key West's most beloved beach--some of the island's best recreation is practically at your doorstep. Iconic Key West destinations including Duval Street, the Southernmost Point, and the Key West Lighthouse are also just blocks away. With Bahama Village continuing to draw attention for its unique island flavor, walkability, restaurants, entertainment, and proximity to the waterfront, this property is an opportunity to transform an existing Key West cottage into something truly special--with the lot, parking, backyard, and location to bring the vision together. A large lot. Room for a pool. Off-street parking. An exceptional Key West location--and endless potential.
Details
Maps
Contract Information
Listing Board: Key West Association
As is Rght to Inspct: Yes
Species List: Yes
Current Price: $739,000
Listing Date: 2026-09-21
List Price: $739,000
Location, Tax & Legal
KW Neighborhood: Bahama Village
City: KEY WEST
Off Shore Island: No
Mile Marker: 1
Marathon Neighborhood: N/A
Senior Community YN: No
Side: Median
Alternate Key #: 1026786
Parcel #: 00026020000000
Zoning: HMDR - Historic Medium Density Residential
Deed Restrictions: No
Legal: Kw Pb1-25-40 Pt Lot 4 & 5 Sqr 2 Tr 10 H2-312 Or611-52 Or2237-1118 Or2989-203 Or3004-2377 Or3027-10 Or3203-1007
Taxes: 4836.53
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 316
Street Name: Virginia
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
General Property Description
Realtor.COM Type: Residential - Single Family
Waterfront: No
Control Depth: 0
Lot Size: X
Lot SqFt: 2329
Pool: No
Lot Sqft Source: Property Data Card
Acres: 0.05
SqFt Source: Property Data Card
Rentals Allowed: With Restrictions
Style: Single Family
Year Built: 1915
Living Apx SqFt: 390
Total Bedrooms: 2
Full Baths: 1
Total Baths: 1
Remarks & Misc
Remarks – Consumer: Opportunity meets location in the heart of Key West's increasingly sought-after Bahama Village. Situated on a generously sized lot, 316 Virginia Street offers an exciting opportunity to expand, renovate and reimagine, creating a quintessential Key West retreat in one of the island's most vibrant and evolving neighborhoods.
The property's standout feature is the size and versatility of the lot. A large backyard provides plenty of room for a pool and outdoor living, while off-street parking along the side of the property adds a highly desirable Key West convenience. With no significant tree obstacles to design around, the property offers greater flexibility when planning a renovation and making the most of the outdoor space.
And then there's the location. Steps from Truman Waterfront Park, Amphitheater and Fort Zachary Taylor Historic State Park--home to Key West's most beloved beach--some of the island's best recreation is practically at your doorstep. Iconic Key West destinations including Duval Street, the Southernmost Point, and the Key West Lighthouse are also just blocks away.
With Bahama Village continuing to draw attention for its unique island flavor, walkability, restaurants, entertainment, and proximity to the waterfront, this property is an opportunity to transform an existing Key West cottage into something truly special--with the lot, parking, backyard, and location to bring the vision together.
A large lot. Room for a pool. Off-street parking. An exceptional Key West location--and endless potential.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
Fee Includes
None: 1
Dockage
None: 1
Tax Exemptions
None: 1
Appliances
No Appliances: 1
Pets
Pets Allowed: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Building Style
Above Flood: Unknown
Shotgun: 1
Vehicle Storage
Off Street Parking: 1
Construction
Combo Construction: 1
Land Size
Less Than 1/4 Acre: 1
Utilities
Buyer to Verify: 1
Status Change Info
Status: Active
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Building Style: Shotgun
Vehicle Storage: Off Street Parking
Utilities: Buyer to Verify
Appliances: No Appliances
Construction: Combo Construction
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Listing Office: Engel & Voelkers Key West
Last Updated: September - 21 - 2026
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