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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
    $1,212,500 Zestimate®
    $587/sqft
    $6,012 Estimated rent

    Home value

    $1,212,500

    $1.07M - $1.38M

    $6,012/mo

    Zestimate® history
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    What's special

    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...

    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#: 614318MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 4
    Cooling
    • Central Air, Wall/Window Unit(s), Ceiling Fans(s), Ductless
    Appliances
    • Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven
    • Laundry: Laundry Room
    Features
    • Storage
    • Flooring: Tile, Wood, Combination, Other
    Interior area
    • Total structure area: 2,016
    • Total interior livable area: 2,016 sqft

    Property

    Accessibility
    • Accessibility features: None
    Features
    • Levels: Ground Level
    • Patio & porch: Open Porch/Balcony
    • Exterior features: Fruit Tree(s), Rain Gutters, Storage, Water Display
    • Fencing: Fenced
    Lot
    • Size: 5,700 Square Feet
    • Dimensions: 57 * 100
    Details
    • Additional structures: Shed(s)
    • Parcel number: 00057230000000
    • Zoning: SF - Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • CBS, Frame, Stucco, Combo Construction
    Condition
    • Year built: 1965

    Utilities & green energy

    • Utilities for property: Water Separate Meter, Elect Separate Meter

    Community & HOA

    Community
    • Security: On Premises System
    • Subdivision: Pearlman Heights (4.0)
    HOA
    • Has HOA: No
    • Services included: None
    Location
    • Region: Key West

    Financial & listing details

    • Price per square foot: $587/sqft
    • Tax assessed value: $792,733
    • Annual tax amount: $1,801
    • Date on market: 1/9/2026
    • Listing terms: Cash,Conventional,FHA

    Price history

    DateEventPrice
    4/6/2026Sold$1,184,000-7.1%$587/sqft
    Source: FLKMLS #614318 Report a problem
    3/18/2026Contingent$1,275,000$632/sqft
    Source: FLKMLS #614317 Report a problem
    3/18/2026Listed for sale$1,275,000$632/sqft
    Source: Key West AOR #614317 Report a problem
    3/4/2026Contingent$1,275,000$632/sqft
    Source: FLKMLS #614318 Report a problem
    1/9/2026Listed for sale$1,275,000$632/sqft
    Source: FLKMLS #614318 Report a problem
    12/24/2025Contingent$1,275,000$632/sqft
    Source: Key West AOR #614318 Report a problem
    8/1/2025Price change$1,275,000-1.9%$632/sqft
    Source: FLKMLS #614318 Report a problem
    6/30/2025Listed for sale$1,300,000$645/sqft
    Source: FLKMLS #614318 Report a problem
    5/22/2025Contingent$1,300,000$645/sqft
    Source: FLKMLS #614318 Report a problem
    3/24/2025Listed for sale$1,300,000$645/sqft
    Source: Key West AOR #614317 Report a problem

    Public tax history

    YearProperty taxesTax 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
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    Estimated market value
    $1,212,500
    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
    $1,212,500

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