*Seller Motivated, told us to bring all reasonable Offers. 3/1 with a guest cottage/office space at rear of property with private full bath and kitchenette. 4/2 with cottage. All just awaiting a Buyers personal taste!.
Huge lot with incredible area for big a beautiful pool!
This is a perfect family 3/1 home in one of the best New Town neighborhoods. This fully gated home sits on a massive 7000 sf oversized lot and is completely move-in ready. The home boasts three bedrooms and one bath. The floor plan in the kitchen and living area flows perfectly for open living. Glass French doors open to the back patio (that could be enclosed for Florida room) and look out at the massive green lawn and native trees. The large back yard is perfect for expansion or creating your very own tropical oasis. Set back in complete privacy is a beautiful guest suite/office space with bath. The side yard with an additional privacy fence is perfect boat parking. This property is a must see!
Occupied so must allow 24 hour notice.
For sale
Price cut: $30K (9/3)
$900,000
1227 20th Ter, Key West, FL 33040
3beds
1,286sqft
Single Family Residence
Built in 1963
7,405 Square Feet Lot
$900,000 Zestimate®
$700/sqft
$-- HOA
What's special
Perfect boat parkingFully gated home
- 119 days
- 874
- 27
Zillow last checked:
Listing updated:
Listed by:
Wade J Meyer 305-432-6373,
Real Estate Management of Key West, LLC
Source: FLKMLS,MLS#: 620104
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air, Ceiling Fans(s), Ductless
Appliances
- Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Disposal, Ice Maker, Stainless Steel Appliance(s)
Features
- Flooring: Tile
Interior area
- Total structure area: 1,286
- Total interior livable area: 1,286 sqft
Property
Features
- Levels: Ground Level
- Patio & porch: Open Porch/Balcony, Patio
- Exterior features: Storage
- Fencing: Privacy
Lot
- Size: 7,405 Square Feet
- Dimensions: 64 X 112
Details
- Additional structures: Shed(s)
- Parcel number: 00055300000000
- Zoning: SF - Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- CBS, Concrete
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1963
Utilities & green energy
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: Pearlman Est (4.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Key West
Financial & listing details
- Price per square foot: $700/sqft
- Tax assessed value: $775,796
- Annual tax amount: $6,945
- Date on market: 6/1/2026
- Listing terms: No Seller Finance,Cash,Conventional,FHA
Estimated market value
$900,000
$855,000 - $945,000
$4,974/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Price change | $900,000-3.2%$700/sqft |
Source:  FLKMLS #620104 Report a problem | ||
| 7/20/2026 | Price change | $930,000-2.1%$723/sqft |
Source: FLKMLS #620104 Report a problem | ||
| 6/1/2026 | Listed for sale | $950,000-5%$739/sqft |
Source: FLKMLS #620104 Report a problem | ||
| 12/29/2025 | Listing removed | $1,000,000$778/sqft |
Source:  Key West AOR #614352 Report a problem | ||
| 11/3/2025 | Price change | $1,000,000-1.5%$778/sqft |
Source: FLKMLS #614352 Report a problem | ||
| 10/9/2025 | Price change | $1,015,000-1%$789/sqft |
Source: FLKMLS #614352 Report a problem | ||
| 8/2/2025 | Price change | $1,025,000-4.2%$797/sqft |
Source: FLKMLS #614352 Report a problem | ||
| 7/7/2025 | Price change | $1,070,000-2.6%$832/sqft |
Source: Key West AOR #614352 Report a problem | ||
| 5/20/2025 | Price change | $1,099,000-3.2%$855/sqft |
Source: FLKMLS #614352 Report a problem | ||
| 3/26/2025 | Listed for sale | $1,135,000+49.3%$883/sqft |
Source: Key West AOR #614352 Report a problem | ||
| 10/26/2021 | Sold | $760,000+1.5%$591/sqft |
Source: FLKMLS #597614 Report a problem | ||
| 9/16/2021 | Contingent | $749,000$582/sqft |
Source: FLKMLS #597614 Report a problem | ||
| 9/14/2021 | Listed for sale | $749,000$582/sqft |
Source: FLKMLS #597614 Report a problem | ||
| 9/11/2021 | Contingent | $749,000$582/sqft |
Source: FLKMLS #597614 Report a problem | ||
| 9/5/2021 | Listed for sale | $749,000+70.7%$582/sqft |
Source: FLKMLS #597614 Report a problem | ||
| 6/30/2016 | Sold | $438,750-4.4%$341/sqft |
Source: FLKMLS #570775 Report a problem | ||
| 3/4/2016 | Price change | $459,000-2.1%$357/sqft |
Source: Xcellence Realty #568990 Report a problem | ||
| 11/15/2015 | Listed for sale | $469,000$365/sqft |
Source: Xcellence Realty #568990 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,945 -4.2% | $775,796 -5.7% |
| 2024 | $7,253 +4.2% | $822,644 +8.5% |
| 2023 | $6,963 +13.5% | $758,347 +10% |
| 2022 | $6,136 +67.1% | $689,406 +67.7% |
| 2021 | $3,671 +1.7% | $411,014 +1.4% |
| 2020 | $3,609 | $405,340 +2.3% |
| 2019 | $3,609 +1.6% | $396,227 +1.9% |
| 2018 | $3,554 | $388,840 +2.1% |
| 2017 | -- | $380,843 -2.6% |
| 2016 | -- | $391,180 +8.2% |
| 2015 | $3,757 | $361,385 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: New Town
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