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$1,235,000
738 Olivia Street
Key West, FL 33040
MLS# 621972
1 beds  |  2 baths  |  767 sqft


Key West Real Estate_738 Olivia St
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Key West Real Estate_738 Olivia St Key West Real Estate_738 Olivia St_02 Key West Real Estate_738 Olivia St Primary Bedroom Key West Real Estate_738 Olivia Street_0 Key West Real Estate_738 Olivia St Key West Real Estate_738 Olivia St Driveway to Parking Parking lot and designated parking E Key West Real Estate_738 Olivia St Key West Real Estate_738 Olivia St Large Covered Lanai featuring 1/2 Bathroom, refrigerator, tv, and storage. Do not miss the office space setup next to the refrigerator. Key West Real Estate_738 Olivia St Key West Real Estate_738 Olivia St Sleeping Loft/Bonus Space: Ladder up is next to the cabinetry and bedroom door. Sleeping Loft/Bonus Space Key West Real Estate_738 Olivia St Key West Real Estate_738 Olivia St Door to Front Porch Front Porch for Primary Key West Real Estate_738 Olivia Street_2 Primary bathroom Key West Real Estate_738 Olivia St Cabana/Bonus Space Cabana/Bonus Space Interior

Property Description
SAY HELLO TO THE KEY LIME COTTAGE. A slice of Key West, with more room than you'd expect. With lime-green siding, white trim, and a blue front door, 738 Olivia Street has a personality that carries beyond the curb. Set in the X flood zone in Old Town, this historic Conch cottage pairs classic character with two bonus spaces and indoor-outdoor living. Framed by palms, a proper Key West front porch invites coffee, conversation, and watching the world go by. You may leave later than intended. Inside, cathedral ceilings give the living space height and presence. The kitchen features quartz countertops, custom wood cabinetry, and stainless steel appliances. Impact windows and doors and mini-split cooling add comfort. Listed as one bedroom, the cottage lives well beyond its bedroom count, with a ladder-accessed sleeping loft and detached cabana providing two distinct bonus spaces. French doors open to a large covered lanai for al fresco dining or an afternoon with nowhere else to be. Living flows into the lush tropical courtyard, making the outdoors another room of the house. The cabana offers bonus space for a studio, workspace, or potential sleeping retreat, with an outdoor shower, half bath, and refrigerator nearby. For investors, the main bedroom and two bonus spaces offer potential for three separate sleeping areas, broadening rental appeal. A broad, rarely used private landscaped driveway beside the home and an expansive tropical private parking lot behind it create unusual separation. In Old Town, where cottages often stand just feet apart, this breathing room is a quiet luxury. Parking accommodates a large vehicle and potentially a moped or small golf cart in front or behind it. Duval Street is three blocks away, with Fort Zachary Taylor State Park, Higgs and Smathers beaches, restaurants, and grocery stores within biking distance. Enough nearby to fill the day. A very good porch if you decide otherwise.

Details
Maps
Contract Information
Listing Board: Key West Association
Current Price: $1,235,000
Listing Date: 2026-11-06
List Price: $1,235,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Median
Flood Zone: X
Alternate Key #: 1021296
Parcel #: 00020550000000
Zoning: HHDR - Historic High Density Residential
Deed Restrictions: Unknown
Legal: Lot 6 Kw Carletons Compound Pb5-58 & 1/10th Int Private Road Or303-89/90 Or547-827 Or612-603 Or613-594 Or961-2164 Or1052
Taxes: 3076.92
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 738
Street Name: Olivia
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Carletons Compound (1.0)
Area: 01 - Key West
General Property Description
Realtor.COM Type: Residential - Single Family
Waterfront: No
Control Depth: 0
Lot Size: 25 X 70
Lot SqFt: 2191
Pool: No
Acres: 0.05
SqFt Source: Tax Records
Rentals Allowed: With Restrictions
Style: Single Family
Year Built: 1933
Living Apx SqFt: 767
Total Bedrooms: 1
Full Baths: 1
Half Baths: 1
Total Baths: 2
Remarks & Misc
Remarks – Consumer: SAY HELLO TO THE KEY LIME COTTAGE. A slice of Key West, with more room than you'd expect. With lime-green siding, white trim, and a blue front door, 738 Olivia Street has a personality that carries beyond the curb. Set in the X flood zone in Old Town, this historic Conch cottage pairs classic character with two bonus spaces and indoor-outdoor living. Framed by palms, a proper Key West front porch invites coffee, conversation, and watching the world go by. You may leave later than intended. Inside, cathedral ceilings give the living space height and presence. The kitchen features quartz countertops, custom wood cabinetry, and stainless steel appliances. Impact windows and doors and mini-split cooling add comfort. Listed as one bedroom, the cottage lives well beyond its bedroom count, with a ladder-accessed sleeping loft and detached cabana providing two distinct bonus spaces. French doors open to a large covered lanai for al fresco dining or an afternoon with nowhere else to be. Living flows into the lush tropical courtyard, making the outdoors another room of the house. The cabana offers bonus space for a studio, workspace, or potential sleeping retreat, with an outdoor shower, half bath, and refrigerator nearby. For investors, the main bedroom and two bonus spaces offer potential for three separate sleeping areas, broadening rental appeal. A broad, rarely used private landscaped driveway beside the home and an expansive tropical private parking lot behind it create unusual separation. In Old Town, where cottages often stand just feet apart, this breathing room is a quiet luxury. Parking accommodates a large vehicle and potentially a moped or small golf cart in front or behind it. Duval Street is three blocks away, with Fort Zachary Taylor State Park, Higgs and Smathers beaches, restaurants, and grocery stores within biking distance. Enough nearby to fill the day. A very good porch if you decide otherwise.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0
Fee Includes
None: 1
Dockage
None: 1
Tax Exemptions
Homestead: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Oven: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Washer: 1
Pets
Pets Allowed: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Interior Features
Built-in Cabinets: 1
Cathedral Ceilings: 1
Building Style
A-Frame: 1
Above Flood: Yes
Windows/Doors
Impact Rstnce Window: 1
Vehicle Storage
Off Street Parking: 1
Construction
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Furnished: 1
Utilities
Buyer to Verify: 1
Exterior Features
Fencing: 1
Lanai: 1
Outdoor Shower: 1
Privacy Wall/Fence: 1
Roof
Metal Roof: 1
Status Change Info
Status: Active
Property Features
Fee Includes: None
Tax Exemptions: Homestead
Waterfront: None
Waterview: No Waterview
Dockage: None
Building Style: A-Frame
Vehicle Storage: Off Street Parking
Furnished: Furnished
Utilities: Buyer to Verify
Interior Features: Built-in Cabinets; Cathedral Ceilings
Appliances: Dishwasher; Disposal; Dryer; Oven; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features: Fencing; Lanai; Outdoor Shower; Privacy Wall/Fence
Construction: Frame
Roof: Metal Roof
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre

Listing Office: Truman & Co. (KW)

Last Updated: November - 06 - 2026

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