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!
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
$711,100 Zestimate®
$550/sqft
$5,620 Estimated rent
Home value
$711,100
$619,000 - $818,000
$5,620/mo
Zestimate® history
Owner options
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$5,620/mo
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$5,620/mo
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$4,256/mo
Est. payment
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$4,256/mo
Est. payment
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List your homeWhat's special
Large outside deck
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#: 616582
Originating MLS: Key West Association
Originating MLS: Key West AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- None
Cooling
- Wall/Window Unit(s), Ceiling Fans(s)
Appliances
- Included: Dishwasher, Range
Features
- Pantry, Storage
- Flooring: Vinyl
- Doors: Sliding Glass Doors
- Windows: Jalousie Windows, Awning Windows, Clam Shell
Interior area
- Total interior livable area: 1,292 sqft
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Parking
Features
- Levels: Two
- Stories: 2
- Patio & porch: Open Porch/Balcony
- Fencing: Fenced
- Water view: None
- Waterfront features: None, Dockage: None
Lot
- Size: 2,178 sqft
- Dimensions: 21 x 111
- Features: Less Than 1/4 Acre
Details
- Additional structures: Shed(s)
- Parcel number: 00032880000000
- Zoning: HMDR
- Zoning description: Historic Medium Density Residential
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: A-Frame
- Property subtype: Single Family Residence
Materials
- Frame
- Roof: Metal
Condition
- Fixer
- New construction: No
- Year built: 1948
Utilities & green energy
- Electric: Elect Separate Meter
- Sewer: Municipal Sewer, Public Sewer
- Utilities for property: FKAA, Cable Available
Community & neighborhood
Security
- Security features: No Security
Location
- Region: Key West
- Subdivision: Gwynn Sub (1.0)
HOA & financial
HOA
- Has HOA: No
- Services included: None
Other
Other facts
- Listing terms: No Seller Finance,Conventional,Cash
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2026 | Sold | $710,000-8.4%$550/sqft |
Source:  FLKMLS #616582 Report a problem | ||
| 3/24/2026 | Pending sale | $775,000$600/sqft |
Source: FLKMLS #616582 Report a problem | ||
| 2/28/2026 | Contingent | $775,000$600/sqft |
Source: FLKMLS #616582 Report a problem | ||
| 1/20/2026 | Price change | $775,000-3%$600/sqft |
Source: FLKMLS #616582 Report a problem | ||
| 11/8/2025 | Price change | $799,000-6%$618/sqft |
Source: FLKMLS #616582 Report a problem | ||
| 9/22/2025 | Listed for sale | $850,000-8.5%$658/sqft |
Source: FLKMLS #616582 Report a problem | ||
| 9/22/2025 | Listing removed | $929,000$719/sqft |
Source: FLKMLS #614191 Report a problem | ||
| 7/22/2025 | Listed for sale | $929,000$719/sqft |
Source:  Key West AOR #614191 Report a problem | ||
| 7/16/2025 | Contingent | $929,000$719/sqft |
Source: FLKMLS #614191 Report a problem | ||
| 6/25/2025 | Price change | $929,000-5.1%$719/sqft |
Source: Key West AOR #614191 Report a problem | ||
| 3/15/2025 | Listed for sale | $979,000$758/sqft |
Source: Key West AOR #614191 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
Nearby schools
GreatSchools rating
- 3/10Horace O'bryant SchoolGrades: PK-8Distance: 0.3 mi
- 4/10Key West High SchoolGrades: 9-12Distance: 0.9 mi
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Estimated market value
$711,100
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
$711,100
- Florida
- Monroe County
- Key West
- 33040
- Old Town
- 1115 Varela St
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