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Sold for $1,295,000
  • $1,295,000

    1224 Flagler Ave, Key West, FL 33040

    5beds
    2,146sqft
    Duplex, Multi Family
    Built in 1958
    -- sqft lot
    $1,298,100 Zestimate®
    $603/sqft
    $4,596 Estimated rent

    Home value

    $1,298,100

    Estimated sales range

    Not available

    $4,596/mo

    Zestimate® history
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    What's special

    Own washer and dryerTile floors throughoutNew flooring
    Step onto the grounds of 1224 Flagler Avenue and discover a versatile property brimming with possibility. This legal duplex with an additional private mother in-law suite offers flexible living arrangements and exceptional rental income potential. It's an ideal opportunity for investors, multi-generational households or anyone seeking both comfort and return. Unit B, on the right, is a stylishly updated 2 bed/1bath home featuring new flooring, a renovated kitchen with stainless steel appliances, and its own washer and dryer. Offered fully furnished and turnkey, it opens to a charming shared backyard perfect for outdoor dining, lounging, or enjoying the Key West breeze. Tucked into the back corner is the separate 1 bed/1bath mother-in-law suite, complete with its own entrance. Whether used for guests, extended family, or additional rental income, this private space adds valuable versatility. On the left, Unit A offers a comfortable 2 bed/2 bath layout with tile floors throughout, a functional kitchen with island seating, glass doors leading to a private fenced backyard, and its own washer and dryer. With a light refresh, it can easily transform into a delightful long-term residence or sought-after rental. Fully fenced along the back and side yard, the property feels tucked away yet remains moments from beaches, shops, schools, and all the charm of Old Town. Blending flexibility, strong income potential, and space to customize, 1224 Flagler Avenue is a rare Key West find perfectly suited to meet your needs while generating multiple revenue streams.

    Zillow last checked:

    Listing updated:

    Listed by:

    Terri Spottswood 305-587-3407,

    Truman & Co. (KW),

    The Spottswood Team 305-432-4848,

    Truman & Co. (KW)

    Bought with:

    Ted Stewart, 3548861

    Truman & Co. (KW)

    The Spottswood Team

    Truman & Co. (KW)

    Source: FLKMLS,MLS#: 617518MLS LogoOriginating MLS: Key West Association

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 4
    Cooling
    • Central Air
    Appliances
    • Included: Washer, Oven, Range, Refrigerator, Dryer, 2 sets washer/dryer
    • Laundry: Laundry Room
    Features
    • Built-in Cabinets
    • Flooring: Tile
    • Doors: Sliding Glass Doors
    • Windows: Drapes/Blinds Incl
    Interior area
    • Total interior livable area: 2,146 sqft

    Property

    Parking
    • Parking features: Off Street
    Features
    • Levels: Ground Level
    • Patio & porch: Deck
    • Fencing: Fenced
    • Water view: None
    • Waterfront features: None, Dockage: None
    Lot
    • Size: 6,098 sqft
    • Features: Less Than 1/4 Acre
    Details
    • Additional structures: Shed(s)
    • Additional parcels included: 00059670000100
    • Parcel number: 00059670000000
    • Zoning: SF
    • Zoning description: Single Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family
    • Attached to another structure: Yes
    Materials
    • CBS
    • Roof: Metal
    Condition
    • Year built: 1958

    Utilities & green energy

    • Electric: Elect Separate Meter
    • Sewer: Municipal Sewer, Public Sewer
    • Water: Water Separate Meter
    • Utilities for property: FKAA, Buyer to Verify

    Community & neighborhood

    Location
    • Region: Key West
    • Subdivision: East Martello Towers (2.0)

    HOA & financial

    HOA
    • Has HOA: No
    • Services included: None

    Other

    Other facts
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    3/13/2026Sold$1,295,000-4%$603/sqft
    Source: FLKMLS #617518 Report a problem
    2/26/2026Pending sale$1,349,000$629/sqft
    Source: FLKMLS #617518 Report a problem
    1/16/2026Contingent$1,349,000$629/sqft
    Source: FLKMLS #617518 Report a problem
    1/3/2026Price change$1,349,000-3.6%$629/sqft
    Source: Key West AOR #617518 Report a problem
    12/1/2025Listed for sale$1,399,000-3.5%$652/sqft
    Source: FLKMLS #617518 Report a problem
    2/19/2024Sold$1,450,000$676/sqft
    Source: FLKMLS #608805 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,530 +13.6%$603,747 +29.2%
    2024$4,866 +5.7%$467,290 +10%
    2023$4,603 +17.6%$424,809 +10%
    2022$3,913 +11.7%$386,190 +10%
    2021$3,502 +1.4%$351,082 +1.1%
    2020$3,455 $347,359 -8.6%
    2019$3,455 -8.3%$380,241 +9.5%
    2018$3,770 $347,149

    Find assessor info on the county website

    Neighborhood: White Street Gallery District

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $1,298,100
    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
    $1,298,100