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Listing Board: Key West Association

Current Price: $1,400,000

Listing Date: 2026-01-26

List Price: $1,400,000

KW Neighborhood: Old Town-N of Truman

City: KEY WEST

Mile Marker: 1

Marathon Neighborhood: N/A

Side: Median

Flood Zone: X

Alternate Key #: 8497598

Parcel #: 00015960-000100

Zoning: HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl

Deed Restrictions: Unknown

Legal: KW PT LOT 4 SQR 2 TR 4 & 1/6 INT IN AREA USED FOR PARKING BOOK OF WILLS OR806-234/35 OR834-1630 OR879-1673/75 OR935-607/

Taxes: 12681.33

Tax Year: 2025

Pub Sewer HkUp: Yes

Street #: 515

Street Name: Petronia

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: 38 X 95

Lot SqFt: 3099

Pool: Yes

Acres: 0.07

SqFt Source: Property Data Card

Rentals Allowed: Yes

Style: Single Family

Year Built: 1968

Living Apx SqFt: 1200

Total Bedrooms: 2

Full Baths: 2

Total Baths: 2

Remarks – Consumer: Introducing 515 Petronia Street, a rare Old Town offering where refined island living aligns with proven investment fundamentals. Ideally positioned between Simonton and Duval Streets, this 2-bedroom, 2-bath residence places Key West's most iconic dining, shopping, and nightlife just steps away, while maintaining a private, resort-style atmosphere. A gated entry opens to a tranquil poolside courtyard, setting the tone for seamless indoor-outdoor living. French doors connect the living spaces to the outdoors, and each bedroom enjoys access to its own private patio. The kitchen features custom wood cabinetry, granite countertops, & stainless steel appliances including a gas range. Bathrooms are updated with clean, contemporary finishes, dual vanities with vessel sinks, polished chrome fixtures, & discreetly integrated in-unit laundry. The fully enclosed backyard retreat serves as the home's centerpiece, anchored by a recently resurfaced 20′ × 10′ swimming pool, multiple lounge areas, and an expansive covered outdoor bar and entertaining pavilion complete with refrigeration, mounted televisions, and ambient lighting. Mature palms and tropical landscaping provide exceptional privacy and a true resort-style setting. The property benefits from high-quality, low-maintenance improvements, including a 2018 roof with Berridge Victorian metal shingles, Hardie plank siding, and Azek decking. A rare advantage in Old Town, two off-street parking spaces enhance both convenience and long-term desirability. An established professional vacation management program is already in place, offering a seamless transition for buyers seeking immediate income with minimal operational involvement. Whether held as a refined second home, a professionally managed asset, or a strategic blend of both, 515 Petronia Street represents a compelling Old Town acquisition defined by location, scarcity, quality construction, and enduring value.

Mandatory Home Owners Asc: No

1st Right of Refusal: No

Association Fee $: 0

None: 1

None: 1

None: 1

Dishwasher: 1

Disposal: 1

Dryer: 1

Gas Appliances: 1

Microwave: 1

Range: 1

Refrigerator: 1

Stainless Steel Appliance(s): 1

Washer: 1

Pets Allowed: 1

Ceiling Fans(s): 1

Central Air: 1

None: 1

No Waterview: 1

Tile: 1

Above Flood: Unknown

Stories: 1 Story

French Doors: 1

Car(s): 2

Off Street Parking: 1

Frame: 1

Hardi Board Siding: 1

Less Than 1/4 Acre: 1

Furnished: 1

FKAA: 1

Municipal Sewer: 1

Deck: 1

Patio: 1

Bar: 1

Fencing: 1

Storage: 1

In Ground: 1

Heated: Yes

Concrete: 1

Metal Roof: 1

Panel: 1

Status: Active