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$1,575,000
3405 16th Terrace
Key West, FL 33040
MLS# 618439
Status: Contingent/Show
4 beds  |  3 baths  |  2050 sqft

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Property Description
Spacious, Turn-key Retreat on one of New Town's Largest Lots: Welcome to a rare opportunity in New Town - set on an oversized 14,000+ sq.ft. lot, one of the largest in the neighborhood. This 4- bedroom, 2.5 bath home offers the space, flexibility and outdoor living today's buyers are searching for, all in a move-in ready package. The backyard is the true showstopper. A 14 x 28 ft. swimming pool anchors an impressive 75ft outdoor entertaining area, complete with two tiki huts, creating the ultimate oasis for gatherings, relaxing weekends or sunset evenings under the palms. This is classic Key West living - private, expansive and designed for entertaining. Inside the home has been renovated with new flooring, updated AC and being SOLD fully furnished. The layout offers comfortable living for families, guests or those looking to spread out and enjoy single-family island living. The extra -large lot provides exceptional versatility with room for boat parking, RV parking, trailers and multiple vehicles - a rare and valuable feature in Key West. Whether you're a full-time resident, a growing family or someone who needs rooms for island toys and hobbies, this property delivers. Located in a quiet, established New Town neighborhood with easy access to beaches, shopping and downtown Key West, this home combines space, privacy and lifestyle in a way that's increasingly hard to find. A true island compound - turn-key, spacious and built for the way you want to live.

Details
Maps
Contract Information
Listing Board: Key West Association
Current Price: $1,575,000
Listing Date: 2026-02-02
List Price: $1,575,000
Location, Tax & Legal
KW Neighborhood: New Town
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Bay/Gulf
Alternate Key #: 1057401
Parcel #: 00056920000000
Zoning: SF - Single Family
Deed Restrictions: No
Legal: Kw Pearlman Heights Pt Lot 4 And Pt Lot 5 Blk 1 Pb4-85 Or309-298/99 Or471-429 Or980-98 Or1264-1849/50 Or1395-1378/79 Or
Taxes: 9713.28
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 3405
Street Name: 16th
Street Suffix: Terrace
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Pearlman Heights (4.0)
Area: 04 - Key West
General Property Description
Realtor.COM Type: Residential - Single Family
Waterfront: No
Control Depth: 0
Lot Size: 47 X 131
Lot SqFt: 14528
Pool: Yes
Acres: 0.33
SqFt Source: Property Data Card
Rentals Allowed: Yes
Style: Single Family
Year Built: 1968
Living Apx SqFt: 2050
Total Bedrooms: 4
Full Baths: 2
Half Baths: 1
Total Baths: 3
Remarks & Misc
Remarks – Consumer: Spacious, Turn-key Retreat on one of New Town's Largest Lots: Welcome to a rare opportunity in New Town - set on an oversized 14,000+ sq.ft. lot, one of the largest in the neighborhood. This 4- bedroom, 2.5 bath home offers the space, flexibility and outdoor living today's buyers are searching for, all in a move-in ready package. The backyard is the true showstopper. A 14 x 28 ft. swimming pool anchors an impressive 75ft outdoor entertaining area, complete with two tiki huts, creating the ultimate oasis for gatherings, relaxing weekends or sunset evenings under the palms. This is classic Key West living - private, expansive and designed for entertaining. Inside the home has been renovated with new flooring, updated AC and being SOLD fully furnished. The layout offers comfortable living for families, guests or those looking to spread out and enjoy single-family island living. The extra -large lot provides exceptional versatility with room for boat parking, RV parking, trailers and multiple vehicles - a rare and valuable feature in Key West. Whether you're a full-time resident, a growing family or someone who needs rooms for island toys and hobbies, this property delivers. Located in a quiet, established New Town neighborhood with easy access to beaches, shopping and downtown Key West, this home combines space, privacy and lifestyle in a way that's increasingly hard to find. A true island compound - turn-key, spacious and built for the way you want to live.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
License Info
# of City License: 1
Fee Includes
None: 1
Dockage
None: 1
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Oven: 1
Range: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Washer: 1
Pets
Pets Allowed: 1
Cooling
Central Air: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Laminate: 1
Tile: 1
Interior Features
Bar: 1
Built-in Cabinets: 1
Drapes/Blinds Incl: 1
Security System: 1
Storage: 1
Walk-in Closet(s): 1
Window Treatments: 1
Property Condition
Updated/Remodeled: 1
Building Style
Above Flood: No
Ground Level: 1
Windows/Doors
Single Hung Windows: 1
Vehicle Storage
Car(s): 4+
RV Parking Open: 1
Trailer Storage: 1
Construction
CBS: 1
Land Size
1/4 - 1/2 Acre: 1
Furnished
Furnished: 1
Utilities
FKAA: 1
Exterior Features
Bar: 1
Chickee Hut: 1
Fencing: 1
Outdoor Shower: 1
Privacy Wall/Fence: 1
Sprinkler System: 1
Pool Info
In Ground: 1
Heated: Yes
Dimensions: 14 x 28
Roof
Metal Roof: 1
Accessibility Feat
None: 1
Status Change Info
Contingent: Contingent/Show
Status: Contingent/Show
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Property Condition: Updated/Remodeled
Building Style: Ground Level
Vehicle Storage: RV Parking Open; Trailer Storage
Furnished: Furnished
Cooling: Central Air
Utilities: FKAA
Interior Features: Bar; Built-in Cabinets; Drapes/Blinds Incl; Security System; Storage; Walk-in Closet(s); Window Treatments
Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features: Bar; Chickee Hut; Fencing; Outdoor Shower; Privacy Wall/Fence; Sprinkler System
Accessibility Feat: None
Pool Info: In Ground
Construction: CBS
Floor: Laminate; Tile
Roof: Metal Roof
Pets: Pets Allowed
Land Size: 1/4 - 1/2 Acre
Room Information
Room Name Length Length Width Width
Bedroom 29.469.4621.6321.63
Bedroom 314.8814.8810.0710.07
Bedroom 410.3010.3011.6711.67
Dining Room26.5826.5817.8117.81
Kitchen23.1523.1524.8724.87
Kitchen7.057.0510.1910.19
Bedroom 1

Listing Office: Suzanne Moore Real Estate

Last Updated: February - 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.