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Sold for $710,000
    • $710,000

    1115 Varela St, Key West, FL 33040

    3beds
    1,292sqft
    Single Family Residence
    Built in 1948
    2,178 Square Feet Lot
    $715,900 Zestimate®
    $550/sqft
    $5,892 Estimated rent

    Home value

    $715,900

    $623,000 - $823,000

    $5,892/mo

    Zestimate® history
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    What's special

    Large outside deck
    Nestled on a charming street in the heart of Old Town Key West, 1115 Varela Street is the renovation project that you have been waiting for. This historic treasure would be a perfect project for an investor, developer or anyone looking to restore a historic Key West gem. Currently configured as a 3BD/2BA with a large outside deck and an ideal positioned detached unfinished utility shed. The lot dimensions are 21 x 111. This will allow you the ability to build a pool and create an outdoor tropical oasis. Centrally located and in an X-flood zone make this property highly desirable. Schedule your private tour today! Priced to sell!

    Zillow last checked:

    Listing updated:

    Listed by:

    Terry L Garcia 305-923-5124,

    Keller Williams Key West Compass Realty

    Bought with:

    Terry L Garcia, 3045349

    Keller Williams Key West Compass Realty

    Source: FLKMLS,MLS#: 616582MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Bedroom 1
    • Description: MAIN FLOOR BR
    • Level: Main
    • Area: 160.08 Square Feet
    • Dimensions: 11.6 x 13.8
    Bedroom 2
    • Description: UPSTAIRS BR 1
    • Level: Second
    • Area: 156.8 Square Feet
    • Dimensions: 16 x 9.8
    Bedroom 3
    • Description: UPSTAIRS BR 2
    • Level: Second
    • Area: 147.04 Square Feet
    • Dimensions: 16 x 9.19
    Full bathroom
    • Description: MAIN FLOOR BATH
    • Level: Main
    • Area: 57.96 Square Feet
    • Dimensions: 4.2 x 13.8
    Full bathroom
    • Description: UPSTAIRS BATH ROOM
    • Level: Second
    • Area: 89.18 Square Feet
    • Dimensions: 9.1 x 9.8
    Dining room
    • Level: Main
    • Area: 124.03 Square Feet
    • Dimensions: 12.8 x 9.69
    Kitchen
    • Level: Main
    • Area: 153.6 Square Feet
    • Dimensions: 16 x 9.6
    Living room
    • Level: Main
    • Area: 152 Square Feet
    • Dimensions: 16 x 9.5
    Cooling
    • Wall/Window Unit(s), Ceiling Fans(s)
    Appliances
    • Included: Dishwasher, Range
    Features
    • Storage
    • Flooring: Vinyl
    Interior area
    • Total structure area: 1,292
    • Total interior livable area: 1,292 sqft

    Property

    Parking
    • Parking features: Open
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: Parking
    Features
    • Patio & porch: Open Porch/Balcony
    • Fencing: Fenced
    Lot
    • Size: 2,178 Square Feet
    • Dimensions: 21 X 111
    Details
    • Additional structures: Shed(s)
    • Parcel number: 00032880000000
    • Zoning: HMDR - Historic Medium Density Residential

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: A-Frame
    • Property subtype: Single Family Residence
    Materials
    • Frame
    Condition
    • Fixer
    • New construction: No
    • Year built: 1948

    Utilities & green energy

    • Utilities for property: Elect Separate Meter, Cable Available

    Community & HOA

    Community
    • Security: No Security
    • Subdivision: Gwynn Sub (1.0)
    HOA
    • Has HOA: No
    • Services included: None
    Location
    • Region: Key West

    Financial & listing details

    • Price per square foot: $550/sqft
    • Tax assessed value: $755,248
    • Annual tax amount: $1,088
    • Date on market: 3/24/2026
    • Listing terms: No Seller Finance,Cash,Conventional

    Price history

    DateEventPrice
    4/30/2026Sold$710,000-8.4%$550/sqft
    Source: FLKMLS #616582 Report a problem
    3/24/2026Pending sale$775,000$600/sqft
    Source: FLKMLS #616582 Report a problem
    2/28/2026Contingent$775,000$600/sqft
    Source: FLKMLS #616582 Report a problem
    1/20/2026Price change$775,000-3%$600/sqft
    Source: FLKMLS #616582 Report a problem
    11/8/2025Price change$799,000-6%$618/sqft
    Source: FLKMLS #616582 Report a problem
    9/22/2025Listed for sale$850,000-8.5%$658/sqft
    Source: FLKMLS #616582 Report a problem
    9/22/2025Listing removed$929,000$719/sqft
    Source: FLKMLS #614191 Report a problem
    7/22/2025Listed for sale$929,000$719/sqft
    Source: Key West AOR #614191 Report a problem
    7/16/2025Contingent$929,000$719/sqft
    Source: FLKMLS #614191 Report a problem
    6/25/2025Price change$929,000-5.1%$719/sqft
    Source: Key West AOR #614191 Report a problem
    3/15/2025Listed for sale$979,000$758/sqft
    Source: Key West AOR #614191 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,692 +514.9%$755,248 +379.2%
    2024$1,088 +3.8%$157,610 +3%
    2023$1,049 +1.5%$153,020 +3%
    2022$1,033 +0.4%$148,564 +3%
    2021$1,029 +1.9%$144,237 +1.4%
    2020$1,010 $142,246 +2.3%
    2019$1,010 +2.8%$139,048 +1.9%
    2018$983 +2.1%$136,456 +2.1%
    2017$962 +2%$133,650 +2.1%
    2016$943 -0.6%$130,902 +0.7%
    2015$949 $129,992
    Find assessor info on the county website

    Neighborhood: Old Town

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    Estimated market value
    $715,900
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $715,900

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