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$6,450,000
723 Eaton Street
Key West, FL 33040
MLS# 621458
7 beds  |  9 baths  |  3739 sqft


Eaton - Street View
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Eaton - Street View Eaton Eaton Driveway to Back 3 bedroom + pool Eaton Eaton Pool Eaton Eaton Eaton Eaton Back Unit Living Room Eaton Eaton Eaton Back Unit Kitchen Eaton Eaton Eaton Eaton Back Unit 1/2 Bath off pool Back Unit Bedroom Suite 1 Eaton Eaton Back Unit Bath Suite 1 Eaton Eaton Eaton Back Unit Bedroom Suite 2 Eaton Eaton Back Unit Bath Suite 2 Eaton Back Unit Bedroom Suite 3 Eaton Eaton Back Unit Bath Suite 3 Eaton Back Unit Outdoor Dining Eaton Back Unit Unfinished Basement AI Designed Finished Basement Front Unit 1 Bedroom Front Porch Eaton Front Unit Living Room Eaton Eaton Front Unit Dining Front Unit Kitchen Front Unit Bath Front Unit Bedroom Eaton Eaton Peacon Lane Cottage Parking Cottage Backyard Peacon Lane Peacon Lane Cottage Living Room Peacon Lane Cottage Kitchen Peacon Lane Peacon Lane Cottage Bedroom Peacon Lane Cottage Bath Eaton Parking for 2 bedroom Unit 2 Bedroom Unit - Porch and Entry on the Side of Eaton House Side Unit Living Room Side Unit 1/2 Bath Side Unit Kitchen Eaton Side Unit 2nd Floor Bedroom 1 Eaton Side Unit Bedroom 1 Bath Eaton Eaton Side Unit 3rd Floor Bedroom 2 Eaton Side Unit Bedroom 2 Bath Eaton Street Aerial View Back Unit Aerial View Eaton & Peacon Eaton & Peacon Eaton Peacon Lane Aerial View Peacon Lane

Property Description
A rare opportunity in the heart of Old Town Key West's coveted Seaport neighborhood, this exceptional multi-residence property combines the charm and architectural character of historic Key West with the comfort, quality and convenience of newly constructed living. Thoughtfully designed to retain the home's traditional aesthetic, the property offers remarkable flexibility as a private compound, multigenerational residence or sophisticated investment property, with beautifully finished interiors, resort-style outdoor spaces and exceptional parking for the neighborhood. The main residence is a legal triplex, with each home offering its own privacy and character and 3 off street parking spaces. At the front of the property, a charming 1-bedroom, 1-bath residence occupies the first floor and opens to a generous covered porch and private yard. A separate side entrance leads to a distinctive three-story, 2-bedroom, 2.5-bath residence with its own side porch and upper levels overlooking the front of the property. Occupying the rear portion of the main house is the largest residence, a spacious 3-bedroom, 3.5-bath home arranged entirely on the main living level. Beautifully finished interiors open to a lush tropical retreat with a private pool, fountains, expansive patios, outdoor dining and multiple lounging areas. An unfinished basement offers exceptional potential for a wine cellar, tasting room or collection space. A landscaped walkway leads to a separate 1-bedroom, 1-bath cottage fronting Peacon Lane, with a private rear deck, outdoor dining area and two-car off-street parking. Importantly, the Peacon Lane residence sits on its own separate legal parcel, providing the rare flexibility for it to be owned or sold independently from the main property should a future owner ever choose to do so. Just beyond the gates, the waterfront, restaurants, galleries, shops and historic sites are all within an easy walk in one of Old Town Key West's most desirable neighborhoods.

Details
Maps
Contract Information
Listing Board: Key West Association
Current Price: $6,450,000
Listing Date: 2026-10-01
List Price: $6,450,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Bay/Gulf
Alternate Key #: 1003531
Parcel #: 00003400000000
Zoning: HMDR - Historic Medium Density Residential
Deed Restrictions: Unknown
Taxes: 24724.96
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 723
Street Name: Eaton
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: Multi-family
Waterfront: No
Control Depth: 0
Lot SqFt: 8421.5
Pool: Yes
Lot Sqft Source: Property Data Card
Total Units: 4
Acres: 0.19
SqFt Source: LA Measured
Rentals Allowed: Yes
Style: Multi-Units
Year Built: 1933
Living Apx SqFt: 3739
Total Bedrooms: 7
Full Baths: 7
Half Baths: 2
Total Baths: 9
Remarks & Misc
Remarks – Consumer: A rare opportunity in the heart of Old Town Key West's coveted Seaport neighborhood, this exceptional multi-residence property combines the charm and architectural character of historic Key West with the comfort, quality and convenience of newly constructed living. Thoughtfully designed to retain the home's traditional aesthetic, the property offers remarkable flexibility as a private compound, multigenerational residence or sophisticated investment property, with beautifully finished interiors, resort-style outdoor spaces and exceptional parking for the neighborhood. The main residence is a legal triplex, with each home offering its own privacy and character and 3 off street parking spaces. At the front of the property, a charming 1-bedroom, 1-bath residence occupies the first floor and opens to a generous covered porch and private yard. A separate side entrance leads to a distinctive three-story, 2-bedroom, 2.5-bath residence with its own side porch and upper levels overlooking the front of the property. Occupying the rear portion of the main house is the largest residence, a spacious 3-bedroom, 3.5-bath home arranged entirely on the main living level. Beautifully finished interiors open to a lush tropical retreat with a private pool, fountains, expansive patios, outdoor dining and multiple lounging areas. An unfinished basement offers exceptional potential for a wine cellar, tasting room or collection space. A landscaped walkway leads to a separate 1-bedroom, 1-bath cottage fronting Peacon Lane, with a private rear deck, outdoor dining area and two-car off-street parking. Importantly, the Peacon Lane residence sits on its own separate legal parcel, providing the rare flexibility for it to be owned or sold independently from the main property should a future owner ever choose to do so. Just beyond the gates, the waterfront, restaurants, galleries, shops and historic sites are all within an easy walk in one of Old Town Key West's most desirable neighborhoods.
Directions: West side of Eaton Street between William & Elizabeth
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
Dishwasher: 1
Disposal: 1
Dryer: 1
Freezer: 1
Oven: 1
Refrigerator: 1
Washer: 1
Pets
Pets Allowed: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Building Style
Above Flood: Yes
Conch: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Pool Info
In Ground: 1
Heated: Yes
Status Change Info
Status: Active
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Building Style: Conch
Utilities: FKAA; Municipal Sewer
Appliances: Dishwasher; Disposal; Dryer; Freezer; Oven; Refrigerator; Washer
Pool Info: In Ground
Construction: Frame
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre

Listing Office: Truman & Co. (KW)

Last Updated: October - 01 - 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.