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Off market
  • $1,878,800

    1116 Varela St, Key West, FL 33040

    2beds
    779sqft
    SingleFamily
    Built in 1943
    3,693 Square Feet Lot
    $1,878,800 Zestimate®
    $2,412/sqft
    $3,718 Estimated rent

    Home value

    $1,878,800

    $1.71M - $2.07M

    $3,718/mo

    Zestimate® history
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    $3,718/mo

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    Rent Zestimate®

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    $9,227/mo

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    $9,227/mo

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    What's special

    Huge L shaped lot with Shotgun style 2b/1ba home in need of renovation. House is prime to be renovated and lot large enough to allow for addition to main house, plus room for separate cottage and big pool. Also, off-street parking for 2-3 cars. Mature trees and landscaping provide privacy in great Old Town neighborhood. Walking or biking distance to entire island, Old Town, beaches, and White St. shopping and restaurants.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Forced air
    Cooling
    • Wall
    Appliances
    • Included: Range / Oven
    Features
    • Flooring: Tile, Hardwood
    • Has fireplace: No
    Interior area
    • Total interior livable area: 779 sqft

    Property

    Parking
    • Parking features: Off-street
    Features
    • Exterior features: Other
    Lot
    • Size: 3,693 sqft
    Details
    • Parcel number: 00032940000000

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Foundation: Concrete
    • Roof: Metal
    Condition
    • Year built: 1943

    Community & neighborhood

    Location
    • Region: Key West

    Price history

    DateEventPrice
    4/14/2023Sold$2,060,000-1.9%$2,644/sqft
    Source: FLKMLS #604200 Report a problem
    2/21/2023Contingent$2,099,000$2,694/sqft
    Source: FLKMLS #604200 Report a problem
    2/21/2023Price change$2,099,000-4.4%$2,694/sqft
    Source: FLKMLS #604200 Report a problem
    2/15/2023Listed for sale$2,195,000$2,818/sqft
    Source: FLKMLS #604200 Report a problem
    2/15/2023Listing removed--
    Source: FLKMLS #603444 Report a problem
    12/29/2022Price change$2,195,000-12%$2,818/sqft
    Source: FLKMLS #603444 Report a problem
    12/16/2022Listed for sale$2,495,000+425.3%$3,203/sqft
    Source: FLKMLS #603444 Report a problem
    6/8/2016Sold$475,000-4.8%$610/sqft
    Source: FLKMLS #122210 Report a problem
    1/22/2016Pending sale$499,000$641/sqft
    Source: RE/MAX KEYS CONNECTION #122210 Report a problem
    1/11/2016Price change$499,000-13.2%$641/sqft
    Source: RE/MAX KEYS CONNECTION #122210 Report a problem
    10/5/2015Listed for sale$575,000$738/sqft
    Source: Re/Max Keys Connection (KW) #122210 Report a problem
    5/14/2015Listing removed$575,000$738/sqft
    Source: RE/Max Keys Connection #118744 Report a problem
    10/23/2013Listed for sale$575,000$738/sqft
    Source: Coldwell Banker Schmitt #118744 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$13,737 +1%$1,601,525 +0.5%
    2024$13,601 +45%$1,593,474 +75.8%
    2023$9,380 +23.3%$906,313 +10%
    2022$7,608 +8.9%$823,921 +10%
    2021$6,987 -5.3%$749,019 -5.9%
    2020$7,375 $796,154 +0.1%
    2019$7,375 -0.7%$795,203 +1.3%
    2018$7,428 -0.7%$784,622 +55.1%
    2017$7,480 +48.1%$505,951 -6.6%
    2016$5,051 +0.1%$541,593 +7.6%
    2015$5,047 $503,163

    Find assessor info on the county website

    Neighborhood: Old Town

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,878,800
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    Estimated market value
    $1,878,800