Key West and Lower Florida Keys Real Estate Market Activity, 07/28/2024

Sunday is a day of rest for many but not for the Florida Keys Real Estate Market. We are a 24/7/365 (366 this year) Market. I have been a Florida Keys Realtor for over 25 years and I can honestly say that I have never seen a down market for more than a few months. We had a small dip in 2008 but that was just Market Adjustment for 2006 and 2007 where we would take a house that appraised for $800,00, list it for $925,000 and end up selling it at $975,000 in a bidding war.

If you prefer quiet, tranquility and want your boat in the backyard, let's focus on Lower Keys homes for sale. If you prefer to be where the action, shopping, dining, museums and nightlife are, let's focus lo Key West homes for sale.

Some new inventory has been added to the MLS. We had 3 great listings come on the market in Key West. There were no new listings in the Lower Florida Keys today. Looking for your dream home? Keep reading, it might be listed below. If you don't see something you like here, that's OK, I'm sure I can find your ideal home for you. There are hundreds more to choose from. Call me at 305-731-0501 or email me at garymcadams@realtorgary.com and let me know what your "Perfect House" would be. More than likely I will locate it.

Address: 416 Petronia Street 4 KEY WEST FL 33040 , Key/Island: Key WestStatus: Active County: Monroe
 
 
MLS#610905
Prop TypeResidential
StyleCondo
ZoningHNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
WaterfrontNo
PoolNo
Flood ZoneX
Species List 
Control Depth0.00
SideMedian
AuctionOld Town-N of Truman
Unit/Complex 
Rentals AllowedWith Restrictions
Max Rental Days 
Min Rental Days30
Price$ 599,000
Taxes$ 3,244.74
Tax Year2023
Year Built1928
Living Apx SqFt412
SqFt SourceProperty Data Card
Lot Size 
Lot SqFt0
Acres 
Total Units6
Handicap Access 
SideMedian
ROGO Exempt 
Area: 02 - Key West
Subdivision: Old Town - Unlisted (1.0)
Total Bedrooms1
Full Baths1
Half Baths0
Dcmntd Septic Tnk 
Listing BoardKey West Association
Alternate Key #9042353
Parcel #00017010-000104
Add'l Parcel #1 
Add'l Parcel #2 
User Defined 16 
Deed RestrictionsUnknown
As is Rght to Inspct 
Limitd ReprsntationNo
Legal: UNIT 4 PETRONIA STREET CONDOMINIUM OR1922-2008/09 OR2242-2162/63 OR3091-880
Directions: Petronia is one way street. Building on the left between Duval St and Whitehead on corner of Petronia and Shavers Ln.
Remarks - Consumer: Location-location-location! Convenient, quiet, comfortable. One bedroom, one bath condo in a serene building nestled in the heart of Old Town Key West and within walking distance to many popular attractions. Prime spot to enjoy Fantasy Fest, Goombay, New Years, multiple parades and more. Just steps away from the iconic Bahama Village Arch, Rainbow Cross Walks & the Hemingway House. Looking for the ease of condo living with NO yard work and NO exterior maintenance, this one is it! Ground level unit (no stairs) in the X - Flood Zone with NO one above you. This is one of six condo units in a building that is only two stories high. Condo boasts its own interior washer / dryer plus storage. The last condo to sale in this building was smaller & went for $560K. Afternoon showings preferred & please allow at least 48 Hrs notice for tenants. For a comfortable condo in a choice location, look no further than 416 Petronia St #4!
 
Construction:CBS
Building Style:Above Flood: Yes; Ground Level
Waterfront:None
Waterview:No Waterview
Dockage:None
Furnished:Unfurnished
Cooling:Ceiling Fans(s); Wall/Window Unit(s)
Utilities:FKAA; Municipal Sewer
Specialty Rooms:Laundry Room
Appliances:Microwave; Oven; Range; Refrigerator
Property Condition:Updated/Remodeled
Floor:Tile
Pets:Pets w/Restrictions
Neighborhood Feature:Other Area Features
Security:Secured Building
Land Size:Less Than 1/4 Acre
Title:Title Ins - Buyer
Association Info:Mandatory Home Owners Asc: Yes; Condo Doc's: Yes; 1st Right of Refusal: Yes; Association Fee $: 600
Fee Includes:Bldg Exterior Mnt; Building Insurance; Common Area Mnt
Tax Exemptions:None
Financial Status:Standard Sale: Yes
  
Days On Market1
 
 
Provided as a courtesy of
Gary J McAdams
EXP Realty, LLC
3229 Flagler Avenue
Suite 103
Key West, FL 33040
Mobile - (305) 731-0501
Direct - (888) 883-8509
garrettmcadams@gmail.com
http://www.realtorgary.com
Additional PhotosListing # 610905

Information is deemed to be reliable, but is not guaranteed. © 2024 MLS and FBS. Prepared by Gary J McAdams on Sunday, July 28, 2024 6:26 AM. The information on this sheet has been made available by the MLS and may not be the listing of the provider.

Address: 508 Virginia Street KEY WEST FL 33040 , Key/Island: Key WestStatus: Active County: Monroe
 
 
MLS#610908
Prop TypeResidential
StyleSingle Family
ZoningHRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl
WaterfrontNo
PoolYes
Flood ZoneX
Species ListNo
Control Depth0.00
SideMedian
AuctionOld Town-S of Truman
Unit/Complex 
Rentals AllowedYes
Max Rental Days 
Min Rental Days 
Price$ 5,299,000
Taxes$ 29,028.73
Tax Year2023
Year Built1945
Living Apx SqFt2281
SqFt SourceProperty Data Card
Lot Size 
Lot SqFt6,824
Acres0.16
Total Units 
Handicap Access 
SideMedian
ROGO Exempt 
Area: 02 - Key West
Subdivision: Old Town - Unlisted (1.0)
Total Bedrooms3
Full Baths3
Half Baths1
Dcmntd Septic Tnk 
Listing BoardKey West Association
Alternate Key #1028517
Parcel #00027740-000000
Add'l Parcel #1 
Add'l Parcel #2 
User Defined 16 
Deed RestrictionsUnknown
As is Rght to InspctYes
Limitd ReprsntationNo
Legal: KW SUBS 8 AND 10 PT LOT 3 SQR 5 TR 11 G37-82/83 OR130-272/74 OR343-76/77 OR1043-2178 OR1077-2042/43 OR1078-1560/61 OR111
Directions:  
Remarks - Consumer: This magnificent TRANSIENT rental property with two homes and a heated pool blends privacy with convenience. Nestled in historic Old Town and just steps from Duval Street, this 3 bedroom/3.5 bath complex has a strong rental history. Once home to iconic fashion designers, this gated haven will astonish you. To your right is the main single-story building which includes a king bedroom and large, sleek ensuite bath. Vaulted ceilings, skylights, exposed beams, and French doors surround the expansive open concept living room and dining room. The space is bathed in sunlight and perfect for entertaining. At the far end of the main building, you will find a spectacular stainless steel commercial kitchen with a vaulted ceiling and outdoor views. Equipped with prep areas, an island, cabinetry, a double sink, and an oversized gas range with hood, you have everything you need to prepare meals or parties for large groups. A personal Chef would be delighted to cook in this kitchen. As you move out onto the covered porch, you will enjoy indoor-outdoor living at its finest. With easy access to the pool, you can spend your afternoon relaxing outdoors. The porch provides a respite from the sun and an area for al fresco dining. The two-story home at the rear of the property stacks two spacious bedrooms with ensuite baths and seating areas. Each is complemented with either a balcony or covered porch overlooking the pool. Guests or extended family can mingle around the gorgeous outdoor area or retreat to their own private spaces. Both homes surround the large pool with the convenience of an outdoor shower. The complex's stunning tropical lush landscaping and privacy fencing offers a tranquil oasis including off-street parking, a rare amenity in Key West. From here you can walk to Higgs Beach, the Southernmost Point and the shops and restaurants on Duval Street. This opportunity to own a transient rental property in an ideal location won't last long. Call today for a private showing!
 
Construction:Frame
Building Style:Above Flood: Yes
Waterfront:None
Waterview:No Waterview
Dockage:None
Vehicle Storage:Off Street Parking
Furnished:Furnished
Cooling:Ceiling Fans(s); Central Air; Ductless
Porch/Balcony:Deck; Open Porch/Balcony; Patio
Utilities:Cable Available; FKAA; Municipal Sewer
Interior Features:Cathedral Ceilings; Drapes/Blinds Incl; Fireplace(s); Sky Light(s); Smoke Alarms; Split Bedroom; Walk-in Closet(s)
Specialty Rooms:Laundry Room
Appliances:Dishwasher; Dryer; Gas Appliances; Ice Machine; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer; Wine Cooler
Exterior Features:Detached Guest Qtrs; Lighting; Outdoor Shower; Privacy Wall/Fence; Rain Gutters; Storage
Pool Info:In Ground; Salt Water; Heated: Yes
Windows/Doors:French Doors
Floor:Concrete; Tile; Wood
Roof:Metal Roof
Pets:Pets w/Restrictions
Neighborhood Feature:Beach
Land Size:Less Than 1/4 Acre
Terms:Cash; Conventional
Title:Negotiable
Association Info:Mandatory Home Owners Asc: No; 1st Right of Refusal: No; Association Fee $: 0
Fee Includes:None
Tax Exemptions:None
License Info:# of City License: 1; # of County License: 1; Transient Rntl Licns: Yes
Financial Status:Standard Sale: Yes
  
Days On Market2
 
 
Provided as a courtesy of
Gary J McAdams
EXP Realty, LLC
3229 Flagler Avenue
Suite 103
Key West, FL 33040
Mobile - (305) 731-0501
Direct - (888) 883-8509
garrettmcadams@gmail.com
http://www.realtorgary.com
Additional PhotosListing # 610908

Information is deemed to be reliable, but is not guaranteed. © 2024 MLS and FBS. Prepared by Gary J McAdams on Sunday, July 28, 2024 6:27 AM. The information on this sheet has been made available by the MLS and may not be the listing of the provider.

Address: 3740 Cindy Avenue KEY WEST FL 33040 , Key/Island: Key WestStatus: Active County: Monroe
 
 
MLS#610917
Prop TypeResidential
StyleSingle Family
ZoningSF - Single Family
WaterfrontNo
PoolNo
Flood ZoneAE
Species List 
Control Depth0.00
SideOcean
AuctionNew Town
Unit/Complex 
Rentals AllowedWith Restrictions
Max Rental Days 
Min Rental Days 
Price$ 769,000
Taxes$ 2,535.27
Tax Year2023
Year Built1963
Living Apx SqFt1344
SqFt SourceProperty Data Card
Lot Size 
Lot SqFt6,330
Acres0.15
Total Units0
Handicap Access 
SideOcean
ROGO Exempt 
Area: 04 - Key West
Subdivision: Pearlman Est (4.0)
Total Bedrooms3
Full Baths2
Half Baths0
Dcmntd Septic Tnk 
Listing BoardKey West Association
Alternate Key #1055093
Parcel #00054490-000000
Add'l Parcel #1 
Add'l Parcel #2 
User Defined 16 
Deed RestrictionsNo
As is Rght to InspctYes
Limitd ReprsntationYes
Legal: KW PEARLMAN ESTATES PB3-100 LOT 9 BLK 1 OR224-486/487 OR909-458 OR1291-975/976Q/C OR1552-1038Q/C
Directions:  
Remarks - Consumer: Discover this island hideaway nestled amidst a picturesque tropical canopy of mature Buttonwood trees and native plants creating a serene environment that can be enjoyed in cool comfort year around. Ready for renovation, built with sturdy CBS construction and topped with a durable metal roof, this 3 bedroom, 2 bath home offers a strong foundation that you can live in while you renovate. Inside, the house features an expansive primary bedroom suite and multiple entrances that invite the outdoors in, allowing you to experience the lush surroundings from almost every room. Additional features include a storage garage, a concrete driveway, utility room, screened patio, and ample space for all of your needs. Conveniently located close to restaurants, shopping, and schools, this home provides easy access to all the island's amenities. The welcoming community and friendly neighborhood add to it's appeal, making it an ideal place to call home or to invest in.
 
Construction:CBS
Building Style:Above Flood: Unknown; Ground Level
Waterfront:None
Waterview:No Waterview
Dockage:None
Vehicle Storage:Garage; Carport; Car(s): 1; Off Street Parking
Furnished:Negotiable
Cooling:Ceiling Fans(s); Wall/Window Unit(s)
Porch/Balcony:Open Porch/Balcony; Screened Patio
Utilities:FKAA
Specialty Rooms:Utility Room; Other
Appliances:Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
Property Condition:Fixer Upper
Floor:Tile
Roof:Metal Roof
Pets:Pets Allowed
Land Size:Less Than 1/4 Acre
Terms:Cash; Conventional
Title:Negotiable
Association Info:Mandatory Home Owners Asc: No; 1st Right of Refusal: No; Association Fee $: 0
Fee Includes:None
Tax Exemptions:Homestead
  
Days On Market2
 
 
Provided as a courtesy of
Gary J McAdams
EXP Realty, LLC
3229 Flagler Avenue
Suite 103
Key West, FL 33040
Mobile - (305) 731-0501
Direct - (888) 883-8509
garrettmcadams@gmail.com
http://www.realtorgary.com
Additional PhotosListing # 610917

Information is deemed to be reliable, but is not guaranteed. © 2024 MLS and FBS. Prepared by Gary J McAdams on Sunday, July 28, 2024 6:27 AM. The information on this sheet has been made available by the MLS and may not be the listing of the provider.

Please call me at 305-731-0501 or email me at garymcadams@realtorgary.com if you would like to see one of these great properties or any or the other the hundreds of other properties available in Key West and the Florida Keys. You can always view the entire Florida Keys MLS by clicking the "MLS Search" button on my website. You too can live in the Florida Keys and I can help you make that happen.
 
Gary
 
Gary McAdams, PA
Realtor/Notary Public
EXP Big
Key West, Florida 

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