Key West and Lower Florida Keys Real Estate Market Activity, 2/17/2025

Happy Presidents Day from The Florida Keys. Many past Presidents have visited Key West. President Truman is probably the one most well known for visiting. President Roosevelt was also very well known for visiting Key West. I had the honor of meeting President Carter when he was in Town. President Bush Sr. was a regular and President Trump came once. I'm sure there have been many more but I just can't think of them off hand. If The Florida Keys is good enough for our Presidents, doesn't that make you want to buy your own piece of Paradise in Key West or the Lower Keys? I can help you make that dream come true.

Some new inventory has been added to the MLS. We had 3 great listings come on the market in Key West and 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: 1122 Margaret Street KEY WEST FL 33040 , Key/Island: Key WestStatus: Active County: Monroe
 
 
MLS#613734
Prop TypeResidential
StyleDuplex
ZoningHMDR - Historic Medium Density Residential
WaterfrontNo
PoolYes
Flood Zone0.2 PCT ANNUAL CHANC
Species List 
Control Depth0.00
SideMedian
AuctionOld Town-S of Truman
Unit/Complex 
Rentals AllowedWith Restrictions
Max Rental Days 
Min Rental Days 
Price$ 1,699,000
Taxes$ 6,320.01
Tax Year2024
Year Built1938
Living Apx SqFt1148
SqFt SourceTax Records
Lot Size 
Lot SqFt3,999
Acres0.09
Total Units0
Handicap Access 
SideMedian
ROGO Exempt 
Area: 02 - Key West
Subdivision: Investment Co Sub (1.0)
Total Bedrooms2
Full Baths2
Half Baths0
Dcmntd Septic Tnk 
Listing BoardKey West Association
Alternate Key #1030643
Parcel #00029890-000000
Add'l Parcel #1 
Add'l Parcel #2 
User Defined 16 
Deed RestrictionsUnknown
As is Rght to InspctYes
Limited RepresentationNo
Legal: KW INVESTMENT CO SUB PB 1-49 PT LOT 6 SQR 5 TR 12 G11-405 OR776-837 OR796-1019 OR864-575 OR923-2006 OR1047-2469 OR1143-1
Directions:  
Remarks - Consumer: Behind the quintessential white picket fence you will find this delightful historic cottage currently set up as a duplex with off street parking and pool. Lots of opportunity with the ability to generate income and have your own slice of Paradise to enjoy, or marry the spaces and convert to a single family dream home. Each unit enjoys privacy from the other including separate outdoor living spaces. The front unit greets you with the charming and spacious front porch. Through the front door you will enter into an open living room and kitchen with fabulous ceiling heights, charming architectural details and 1bd/1ba plus a loft for storage. Enter the backyard oasis down a brick lined sidewalk that opens up to a sprawling deck surrounding a refreshing and sunny swimming pool. The rear unit enjoys 2bd/1ba with open kitchen/living space that leads to a covered porch overlooking the backyard retreat!
 
Construction:Frame
Building Style:Above Flood: Yes; Conch
Waterfront:None
Waterview:No Waterview
Dockage:None
Vehicle Storage:Off Street Parking
Furnished:Negotiable
Cooling:Ceiling Fans(s); Central Air
Utilities:FKAA; Municipal Sewer
Appliances:Dishwasher; Disposal; Microwave; More Appliances; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer
Pool Info:In Ground; Concrete
Pets:Pets Allowed
Land Size:Less Than 1/4 Acre
Association Info:Mandatory Home Owners Asc: No; 1st Right of Refusal: No; Association Fee $: 0
Fee Includes:None
Tax Exemptions:None
  
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 - (305) 731-0501
garrettmcadams@gmail.com
http://www.realtorgary.com
Additional PhotosListing # 613734

Information is deemed to be reliable, but is not guaranteed. © 2025 MLS and FBS. Prepared by Gary J McAdams on Monday, February 17, 2025 5:19 AM. The information on this sheet has been made available by the MLS and may not be the listing of the provider.

Address: 1414 18Th Street KEY WEST FL 33040 , Key/Island: Key WestStatus: Active County: Monroe
 
 
MLS#613732
Prop TypeResidential
StyleSingle Family
ZoningSF - Single Family
WaterfrontNo
PoolYes
Flood ZoneAE,AE
Species List 
Control Depth0.00
SideMedian
AuctionNew Town
Unit/Complex 
Rentals AllowedWith Restrictions
Max Rental Days 
Min Rental Days30
Price$ 1,525,000
Taxes$ 478.90
Tax Year2024
Year Built1965
Living Apx SqFt1680
SqFt SourceProperty Data Card
Lot Size60 x 100
Lot SqFt6,000
Acres0.14
Total Units0
Handicap Access 
SideMedian
ROGO Exempt 
Area: 04 - Key West
Subdivision: Key West Fwdn Sub (4.0)
Total Bedrooms3
Full Baths3
Half Baths0
Dcmntd Septic Tnk 
Listing BoardKey West Association
Alternate Key #1053287
Parcel #00052640-000000
Add'l Parcel #1 
Add'l Parcel #2 
User Defined 16 
Deed RestrictionsNo
As is Rght to Inspct 
Limited RepresentationNo
Legal: KW FWDN SUB PLAT 1 PB1-155 LOT 36 SQR 4
Directions: Heading South on Flagler Ave turn right onto 18th St
Remarks - Consumer: Updated 3-bedroom, 3-bath concrete block home with a spacious open floor plan, featuring a private marble pool area with a coral waterfall, mature trees, off-street parking, and more. Schedule your private tour today and discover your perfect, spacious, low-maintenance Key West home. Furnishings maybe negotiable too.
 
Construction:CBS
Building Style:Above Flood: Unknown; Ground Level
Waterfront:None
Waterview:No Waterview
Dockage:None
Vehicle Storage:Off Street Parking
Furnished:Negotiable
Cooling:Ceiling Fans(s); Central Air
Utilities:FKAA; Municipal Sewer; Propane
Interior Features:Drapes/Blinds Incl; Intercom; Quartz Countertops; Security System; Smoke Alarms; Walk-in Closet(s)
Appliances:Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features:Bar; Fencing; Privacy Wall/Fence; Sprinkler System
Pool Info:In Ground; Concrete
Windows/Doors:Aluminum Windows; Glass Doors; Sliding Glass Doors
Floor:Laminate; Tile
Roof:Metal Roof
Pets:Pets Allowed
Land Size:Less Than 1/4 Acre
Terms:Cash; Conventional; FHA
Title:Negotiable
Association Info:Mandatory Home Owners Asc: No; 1st Right of Refusal: No; Association Fee $: 0
Fee Includes:None
Tax Exemptions:None
  
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 - (305) 731-0501
garrettmcadams@gmail.com
http://www.realtorgary.com
Additional PhotosListing # 613732

Information is deemed to be reliable, but is not guaranteed. © 2025 MLS and FBS. Prepared by Gary J McAdams on Monday, February 17, 2025 5:19 AM. The information on this sheet has been made available by the MLS and may not be the listing of the provider.

Address: 55 Two Turtles Lane Shark Key FL 33040 , Key/Island: Shark KeyStatus: Active County: Monroe
 
 
MLS#613735
Prop TypeResidential
StyleSingle Family
ZoningSR - Sub Urban Residential District
WaterfrontYes
PoolYes
Flood ZoneVE,AE
Species ListNo
Control Depth2.00
SideBay/Gulf
Auction 
Unit/Complex 
Rentals AllowedWith Restrictions
Max Rental Days 
Min Rental Days180
Price$ 5,000,000
Taxes$ 38,609.63
Tax Year2024
Year Built2002
Living Apx SqFt4700
SqFt SourceAppraisal
Lot Size 
Lot SqFt40,360
Acres0.93
Total Units0
Handicap AccessYes
SideBay/Gulf
ROGO Exempt 
Area: 05 - Stock Island to Shark Key
Subdivision: Shark Key (11.0)
Total Bedrooms5
Full Baths4
Half Baths1
Dcmntd Septic Tnk 
Listing BoardKey West Association
Alternate Key #8737068
Parcel #00159252-004700
Add'l Parcel #1 
Add'l Parcel #2 
User Defined 16 
Deed RestrictionsNo
As is Rght to InspctYes
Limited RepresentationNo
Legal: BK 4 LTS 19 - 20 SHARK KEY AMENDED AND REVISED PLAT PB7-49 OR1412-1423 OR1631-2396 OR1632-800 OR1644-441/42C OR1644-443
Directions:  
Remarks - Consumer: An Exclusive Waterfront Estate for the Discerning Buyer A rare opportunity awaits in the prestigious, gated enclave of Shark Key—an ultra-private oasis where security, exclusivity, and luxury converge. This meticulously designed 6,325 sq. ft. estate, set on nearly an acre of lush tropical grounds, offers a lifestyle of unparalleled refinement. Beyond its impact-rated windows, high-elevation construction, and full-house generator, this residence is engineered for year-round security and peace of mind. The 5,000 sq. ft. enclosed garage—complete with two car lifts, space for five vehicles, and an expansive workshop—caters to collectors and enthusiasts alike. Breathtaking panoramic views of the Gulf of Mexico unfold from nearly every vantage point, enhanced by a private dock, Tiki hut, outdoor kitchen, and an expansive covered veranda—the perfect setting for hosting unforgettable sunrise and sunset soirées. A grand pool, elevator access to all floors, and multiple outdoor entertainment spaces further elevate the experience. Inside, soaring ceilings and open, light-filled living spaces create an atmosphere of effortless elegance. The spacious en-suite bedrooms are designed for privacy and comfort, including a palatial 800 sq. ft. first-floor primary suite—a true sanctuary. With pricing well below the appraised value of $6,700,000 and the lowest price per square foot on recent record, this estate represents an extraordinary investment in one of Florida's most coveted waterfront communities—just 10 miles from Key West International and private airports. This is more than a home; it's a statement of success. The opportunity to own this legacy property at 55 Two Turtles Lane won't wait. Will you?
 
Construction:CBS; Combo Construction; Concrete
Building Style:Above Flood: Unknown; Stories: 2 Stories
Waterfront:Gulf Front; Open Water
Waterview:Bay/Gulf View; Open Water View
Dockage:Dock Length: 75
Vehicle Storage:Garage; Car(s): 4+; Covered Parking; Guest Parking; Off Street Parking
Furnished:Negotiable
Cooling:Ceiling Fans(s); Central Air
Porch/Balcony:Open Porch/Balcony; Patio; Screened P/B; Windowed P/B
Utilities:FKAA; Propane; Whole House Generatr
Interior Features:Bar; Entrance Foyer; Fireplace(s); Granite Counter Top; Pantry; Security System; Smoke Alarms; Storage; Tray Ceilings; Walk-in Closet(s); Wet Bar; Whirlpool Bath Tub; Window Treatments
Specialty Rooms:Guest/Servant Qtrs: Legal; Laundry Room; Sun/Florida Room; Utility Room; Workshop
Appliances:Dishwasher; Disposal; Dryer; Freezer; Gas Appliances; Ice Machine; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Trash Compactor; Washer; Wine Cooler
Exterior Features:Bar; Built-in Grill; Chickee Hut; Fencing; Lanai; Lighting; Outdoor Kitchen; Outdoor Shower; Privacy Wall/Fence; Rain Gutters; Sandy Beach; Sprinkler System; Storage; Tennis Court(s); Water Display
Pool Info:In Ground; Concrete; Dimensions: 15 x 30
Windows/Doors:French Doors; Impact Rstnce Doors; Impact Rstnce Window
Floor:Carpet; Marble; Tile
Roof:Metal Roof
Pets:Pets Allowed
Neighborhood Feature:Beach; Clubhouse; Fire Hydrant; Tennis Courts
Security:Electric Gate; On Premises System
Land Size:More than 1 Lot
Terms:Cash; Conventional; VA
Title:Title Ins - Buyer
Association Info:Mandatory Home Owners Asc: Yes; 1st Right of Refusal: No; Association Fee $: 2,720; Assoc/Mnt Fee Per: Quarterly
Fee Includes:Common Area Mnt; Security
Tax Exemptions:Homestead
Financial Status:Bank Owned: No; Potential Short Sale: No; Standard Sale: Yes
 
Room NameLevelLengthWidthRemarks
Bedroom 1Main2927Primary Suite
 
Days On Market0Bank OwnedNoPotential Short SaleNo
 
 
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 - (305) 731-0501
garrettmcadams@gmail.com
http://www.realtorgary.com
Additional PhotosListing # 613735

Information is deemed to be reliable, but is not guaranteed. © 2025 MLS and FBS. Prepared by Gary J McAdams on Monday, February 17, 2025 5:20 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 

Key West and Lower Florida Keys Real Estate Market Activity, 3/22/2025

It's a freezing cold Saturday morning by Florida Keys standards. It's too cold for the boat, too cold bur the beach but perfect weat...