Welcome to 1006 16th Terrace, a charming two-story residence nestled in the New Town area of Key West, Florida. Whether you are looking for a single-family home or a Multigenerational living arrangement, this property at 1006 16th Terrace combines comfort, functionality & the charm of Key West living. Home boasts 5 bedrooms and 3 bathrooms offering a floorplan that will accommodate multiple situations. The exterior of the home is a testament to meticulous landscaping, creating a serene & inviting atmosphere. A detached storage unit provides additional space for a multitude of uses. The residence features a two-zone air conditioning system, ensuring optimal comfort throughout the year. The home has been recently painted, adding to its fresh & well-kept appearance. The original ground level home was built in 1965; however, the second story addition was built in 1993, with an open floorplan, bamboo floors and a window view of the Gulf of American. Enjoy the oversized balcony among the many trees. The home is equipped with storm rated windows and doors for your added protection. Some of the room photos have been virtually staged...
Sold for $1,184,000
$1,184,000
1006 16th Ter, Key West, FL 33040
5beds
2,016sqft
Single Family Residence
Built in 1965
5,700 Square Feet Lot
$1,201,900 Zestimate®
$587/sqft
$5,690 Estimated rent
Home value
$1,201,900
$1.06M - $1.37M
$5,690/mo
Zestimate® history
Owner options
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$5,690/mo
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$5,690/mo
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$7,104/mo
Est. payment
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$7,104/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Barbara B Crespo 305-797-0803,
Keller Williams Key West Compass Realty
Bought with:
Joseph R Bracciale, Jr., 3233298
Select Properties of NWFL
Source: FLKMLS,MLS#: 614318
Originating MLS: Key West Association
Originating MLS: Key West AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Cooling
- Central Air, Ductless, Ceiling Fans(s), Wall/Window Unit(s)
Appliances
- Included: Washer, Oven, Range, Refrigerator, Dishwasher, Dryer
- Laundry: Laundry Room
Features
- Pantry, Storage, Utility Room
- Flooring: Tile, Other, Combination, Wood
- Doors: Sliding Glass Doors, Impact Rstnce Doors
- Windows: Impact Rstnce Window, Other
Interior area
- Total interior livable area: 2,016 sqft
Property
Parking
- Total spaces: 1
- Parking features: Off Street
Accessibility
- Accessibility features: None
Features
- Levels: Two,Ground Level
- Stories: 2
- Patio & porch: Open Porch/Balcony
- Exterior features: Water Display, Storage, Rain Gutters
- Fencing: Fenced
- Water view: None
- Waterfront features: None, Dockage: None
Lot
- Size: 5,700 sqft
- Dimensions: 57 * 100
- Features: Less Than 1/4 Acre
- Residential vegetation: Fruit Tree(s)
Details
- Additional structures: Workshop, Shed(s)
- Parcel number: 00057230000000
- Zoning: SF
- Zoning description: Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- CBS, Combo Construction, Stucco, Frame
- Roof: Metal
Condition
- Year built: 1965
Utilities & green energy
- Electric: Elect Separate Meter
- Sewer: Municipal Sewer, Public Sewer
- Water: Water Separate Meter
- Utilities for property: FKAA, Propane, Buyer to Verify
Community & neighborhood
Security
- Security features: On Premises System
Location
- Region: Key West
- Subdivision: Pearlman Heights (4.0)
HOA & financial
HOA
- Has HOA: No
- Services included: None
Other
Other facts
- Listing terms: Cash,FHA,VA Loan,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 4/6/2026 | Sold | $1,184,000-7.1%$587/sqft |
Source:  FLKMLS #614318 Report a problem | ||
| 3/18/2026 | Contingent | $1,275,000$632/sqft |
Source: FLKMLS #614317 Report a problem | ||
| 3/18/2026 | Listed for sale | $1,275,000$632/sqft |
Source:  Key West AOR #614317 Report a problem | ||
| 3/4/2026 | Contingent | $1,275,000$632/sqft |
Source: FLKMLS #614318 Report a problem | ||
| 1/9/2026 | Listed for sale | $1,275,000$632/sqft |
Source: FLKMLS #614318 Report a problem | ||
| 12/24/2025 | Contingent | $1,275,000$632/sqft |
Source: Key West AOR #614318 Report a problem | ||
| 8/1/2025 | Price change | $1,275,000-1.9%$632/sqft |
Source: FLKMLS #614318 Report a problem | ||
| 6/30/2025 | Listed for sale | $1,300,000$645/sqft |
Source: FLKMLS #614318 Report a problem | ||
| 5/22/2025 | Contingent | $1,300,000$645/sqft |
Source: FLKMLS #614318 Report a problem | ||
| 3/24/2025 | Listed for sale | $1,300,000$645/sqft |
Source: Key West AOR #614317 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,324 +29% | $255,422 +2.9% |
| 2024 | $1,802 +3% | $248,224 +3% |
| 2023 | $1,749 +3.1% | $240,995 +3% |
| 2022 | $1,697 -0.3% | $233,976 +3% |
| 2021 | $1,701 +2% | $227,162 +1.4% |
| 2020 | $1,668 | $224,026 +2.3% |
| 2019 | $1,668 +2.3% | $218,990 +1.9% |
| 2018 | $1,630 +1.3% | $214,907 +2.1% |
| 2017 | $1,609 +1.4% | $210,487 +2.1% |
| 2016 | $1,587 -1.3% | $206,158 +0.7% |
| 2015 | $1,608 | $204,725 |
Find assessor info on the county website
Neighborhood: New Town
Nearby schools
GreatSchools rating
- 7/10Poinciana Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 10/10Sigsbee Charter SchoolGrades: K-8Distance: 1 mi
- 4/10Key West High SchoolGrades: 9-12Distance: 1.5 mi
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Estimated market value
$1,201,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,201,900
- Florida
- Monroe County
- Key West
- 33040
- New Town
- 1006 16th Ter
Nearby cities
Nearby neighborhoods
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