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$1,169,000
Key West, FL 33040
MLS# 621479
2 beds | 3 baths | 1124 sqft
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Property Description
Your Old Town Key West dream can start now -- with income built in. This exceptional 2-bedroom, 2.5-bath, townhouse-style condo offers a rare combination of Old Town lifestyle, flexible living space, and income-producing potential. Currently configured with a lock-off 1-bedroom apartment, the property offers an ideal opportunity for the future Key West homeowner: enjoy the larger 1 Bedroom, 1.5 Bath unit with private garden/patio as your own Key West retreat while the lock-off apartment provides substantial annual rental income. When the time comes to make Key West your full-time home, the property can be easily converted back to its original spacious 2-bedroom townhouse-style layout. A private gated entry opens to your own generous outdoor oasis, complete with a waterfall pond, large patio, and charming ''she-shed'' -- perfect for storage, an art studio, or entertaining. Inside, you'll find high ceilings, abundant natural light, generous storage, in-unit washer/dryers, and newer stainless-steel appliances. Just two blocks from Duval Street in the heart of Old Town's vibrant Bahama Village, you're surrounded by restaurants, galleries, shops, nightlife, and countless Key West attractions -- all within easy walking distance. Whether you're ready for a Key West home now or envision making the island your full-time home in the future, this is a rare opportunity to own your piece of Old Town, enjoy income along the way, and ultimately create the spacious Key West home you've been dreaming of. Some seller financing considered. Seller is a Florida Licensed Realtor. Photos 10-17 show Original Layout, 18=FloorPlan, 19-37 show Back Unit, 38-49 show Front Lock-Off Apt.
Details
Maps
Contract Information
Listing Board: Key West Association
As is Rght to Inspct: Yes
Current Price: $1,169,000
Listing Date: 2026-10-01
List Price: $1,169,000
Location, Tax & Legal
KW Neighborhood: Old Town-N of Truman
Unit #: 1
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Median
Flood Zone: X
Alternate Key #: 9105291
Handicap Access: No
Zoning: HMDR - Historic Medium Density Residential
Deed Restrictions: No
Legal: UNIT 1 - THE CAPTAIN'S HOUSE CONDOMINIUM OR3258-2038DEC OR3327-2122AMD OR3361-1006
Taxes: 8407
Tax Year: 2025
Pub Sewer HkUp: Yes
Street #: 927
Street Name: Thomas
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Old Town - Unlisted (1.0)
Area: 02 - Key West
General Property Description
Realtor.COM Type: Residential - Condo/Townhouse
Waterfront: No
Control Depth: 0
Lot SqFt: 3718
Pool: No
Total Units: 5
SqFt Source: Property Data Card
Rentals Allowed: With Restrictions
Min Rental Days: 30
Floor Number: 1
Style: Condo
Year Built: 1908
Living Apx SqFt: 1124
Total Bedrooms: 2
Full Baths: 2
Half Baths: 1
Total Baths: 3
Remarks & Misc
Remarks – Consumer: Your Old Town Key West dream can start now -- with income built in. This exceptional 2-bedroom, 2.5-bath, townhouse-style condo offers a rare combination of Old Town lifestyle, flexible living space, and income-producing potential.
Currently configured with a lock-off 1-bedroom apartment, the property offers an ideal opportunity for the future Key West homeowner: enjoy the larger 1 Bedroom, 1.5 Bath unit with private garden/patio as your own Key West retreat while the lock-off apartment provides substantial annual rental income. When the time comes to make Key West your full-time home, the property can be easily converted back to its original spacious 2-bedroom townhouse-style layout.
A private gated entry opens to your own generous outdoor oasis, complete with a waterfall pond, large patio, and charming ''she-shed'' -- perfect for storage, an art studio, or entertaining. Inside, you'll find high ceilings, abundant natural light, generous storage, in-unit washer/dryers, and newer stainless-steel appliances.
Just two blocks from Duval Street in the heart of Old Town's vibrant Bahama Village, you're surrounded by restaurants, galleries, shops, nightlife, and countless Key West attractions -- all within easy walking distance.
Whether you're ready for a Key West home now or envision making the island your full-time home in the future, this is a rare opportunity to own your piece of Old Town, enjoy income along the way, and ultimately create the spacious Key West home you've been dreaming of.
Some seller financing considered. Seller is a Florida Licensed Realtor.
Photos 10-17 show Original Layout, 18=FloorPlan, 19-37 show Back Unit, 38-49 show Front Lock-Off Apt.
Directions: Corner of Truman Ave. and Thomas St.
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 780
Assoc/Mnt Fee Per: Monthly
License Info
# of City License: 1
Non Trans Rntl Lic: 1
Fee Includes
Bldg Exterior Mnt: 1
Building Insurance: 1
Common Area Mnt: 1
Exterminating: 1
Sewer: 1
Water: 1
Other: 1
Dockage
None: 1
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Dryer: 1
Gas Appliances: 1
Microwave: 1
Oven: 1
Range: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Washer: 1
Cooling
Central Air: 1
Wall/Window Unit(s): 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Laminate: 1
Tile: 1
Wood: 1
Neighborhood Feature
Beach: 1
Community Pool: 1
Interior Features
Bar: 1
Built-in Cabinets: 1
Cathedral Ceilings: 1
Drapes/Blinds Incl: 1
Entrance Foyer: 1
Fire Sprinkler: 1
Pantry: 1
Split Bedroom: 1
Storage: 1
Property Condition
Updated/Remodeled: 1
Building Style
Above Flood: Unknown
Stories: 3 Stories
Windows/Doors
French Doors: 1
Impact Rstnce Doors: 1
Construction
CBS: 1
Combo Construction: 1
Frame: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Negotiable: 1
Terms
Cash: 1
Conventional: 1
Seller Finance Psble: 1
Utilities
Cable Available: 1
Elect Separate Meter: 1
FKAA: 1
Municipal Sewer: 1
Propane: 1
Well: 1
Porch/Balcony
Open Porch/Balcony: 1
Patio: 1
Title
Negotiable: 1
Exterior Features
Rain Gutters: 1
Shed: 1
Storage: 1
Water Display: 1
Roof
Combo Roof: 1
Metal Roof: 1
Other Roof: 1
Accessibility Feat
None: 1
Shutters
Panel: 1
Status Change Info
Status: Active
Property Features
Fee Includes: Bldg Exterior Mnt; Building Insurance; Common Area Mnt; Exterminating; Sewer; Water; Other
Tax Exemptions: None
License Info: Non Trans Rntl Lic
Waterfront: None
Waterview: No Waterview
Dockage: None
Property Condition: Updated/Remodeled
Furnished: Negotiable
Cooling: Central Air; Wall/Window Unit(s)
Utilities: Cable Available; Elect Separate Meter; FKAA; Municipal Sewer; Propane; Well
Interior Features: Bar; Built-in Cabinets; Cathedral Ceilings; Drapes/Blinds Incl; Entrance Foyer; Fire Sprinkler; Pantry; Split Bedroom; Storage
Appliances: Dishwasher; Dryer; Gas Appliances; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features: Rain Gutters; Shed; Storage; Water Display
Accessibility Feat: None
Construction: CBS; Combo Construction; Frame
Shutters: Panel
Floor: Laminate; Tile; Wood
Roof: Combo Roof; Metal Roof; Other Roof
Neighborhood Feature: Beach; Community Pool
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; Seller Finance Psble
Title: Negotiable
Listing Office: Realty Executives Florida Keys Old Town
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.