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Sold for $2,000,000
  • $2,000,000

    1223 Margaret St, Key West, FL 33040

    3beds
    2,412sqft
    Single Family Residence
    Built in 1999
    3,484.8 Square Feet Lot
    $2,002,100 Zestimate®
    $829/sqft
    $7,820 Estimated rent

    Home value

    $2,002,100

    $1.74M - $2.30M

    $7,820/mo

    Zestimate® history
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    $7,820/mo

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    What's special

    Located in Old Town of Key West, this 2412 Sq Ft, 3-story single-family home offers the perfect blend of space, comfort, and island charm. The main house features 3 spacious en-suite bedrooms and 3.5 bathrooms, providing plenty of privacy for family and guests. The 2nd floor has 2 en-suite bedrooms and the 3rd floor features a spacious full-floor primary suite, complete with a sitting room that can easily serve as a fourth bedroom or a home office. The property includes a guest house with a full bathroom, ideal for visitors. Exit the sliding glass doors and you'll find a private in-ground heated pool, creating a tranquil oasis for relaxing and entertaining. This home embodies the best of the Key West lifestyle. Enjoy an easy walk to world-famous Duval Street, Higgs Beach, the White Street Pier, the Historic Seaport District, and many of Key West's renowned restaurants, galleries, and shops. Off-street parking is available at the rear of the house, and there is space to park out front. The property has a strong vacation rental history, making it an excellent investment opportunity, and is located in the X flood zone. Whether you're looking for a full-time residence, a vacation home, or an income-producing property, this single-family home has it all. Experience the best of island living in this exceptional Key West getaway.

    Zillow last checked:

    Listing updated:

    Listed by:

    Tom McLaughlin 305-850-4100,

    Coldwell Banker Schmitt Real Estate Co. (KW)

    Bought with:

    Robin G Nilsson, 3382004

    Keller Williams Key West Compass Realty

    Gregg Powers

    Keller Williams Key West Compass Realty

    Source: FLKMLS,MLS#: 612955MLS LogoOriginating MLS: Key West Association

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Cooling
    • Central Air, Wall/Window Unit(s)
    Appliances
    • Included: Washer, Stainless Steel Appliance(s), Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
    Features
    • Built-in Cabinets, Entrance Foyer
    • Flooring: Tile, Wood
    • Doors: Sliding Glass Doors
    • Windows: Drapes/Blinds Incl, Double Hung Windows, Impact Rstnce Window, Other
    • Furnished: Yes
    Interior area
    • Total interior livable area: 2,412 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Off Street
    Accessibility
    • Accessibility features: No
    Features
    • Levels: 3 Stories
    • Stories: 3
    • Has private pool: Yes
    • Pool features: Heated, In Ground, Concrete
    • Water view: None
    • Waterfront features: None, Dockage: None
    Lot
    • Size: 3,484 sqft
    • Features: Less Than 1/4 Acre
    Details
    • Additional structures: Detached Guest Qtrs
    • Parcel number: 00029650000104
    • Zoning: HMDR
    • Zoning description: Historic Medium Density Residential

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Frame
    • Roof: Metal
    Condition
    • Year built: 1999

    Utilities & green energy

    • Sewer: Municipal Sewer, Public Sewer
    • Utilities for property: FKAA, Cable Available, Cable Connected

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s), Security System
    Location
    • Region: Key West
    • Subdivision: Key West Investment Co Sub (1.0)

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $500 yearly
    • Services included: None

    Price history

    DateEventPrice
    3/31/2025Sold$2,000,000-13%$829/sqft
    Source: FLKMLS #612955 Report a problem
    3/3/2025Contingent$2,300,000$954/sqft
    Source: FLKMLS #612955 Report a problem
    2/6/2025Price change$2,300,000-7.8%$954/sqft
    Source: FLKMLS #612955 Report a problem
    1/4/2025Listed for sale$2,495,000+98%$1,034/sqft
    Source: FLKMLS #612955 Report a problem
    5/26/2017Sold$1,260,000+15%$522/sqft
    Source: Agent Provided Report a problem
    3/15/2012Listing removed$1,095,500$454/sqft
    Source: Truman & Co. Report a problem
    11/20/2011Price change$1,095,500+15.4%$454/sqft
    Source: Truman & Co. Report a problem
    9/24/2011Listed for sale$949,000-13.4%$393/sqft
    Source: Preferred Properties Coastal Realty, Inc. #115287 Report a problem
    4/2/2011Listing removed$1,095,500$454/sqft
    Source: Truman & Co. Report a problem
    2/24/2011Listed for sale$1,095,500$454/sqft
    Source: Truman & Co. Report a problem
    11/28/2010Listing removed$1,095,500$454/sqft
    Source: Truman & Co. Report a problem
    4/24/2010Price change$1,095,500-6.3%$454/sqft
    Source: Truman & Co. Report a problem
    12/4/2009Listed for sale$1,169,500$485/sqft
    Source: Truman & Co. Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Old Town

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $2,002,100
    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
    $2,002,100