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For sale
$950,000
3beds
1,548sqft

123 Venetian Way, Sugarloaf Key, FL 33042

3beds
1,548sqft
Single Family Residence
Built in 1981
0.3 Acres Lot
$907,700 Zestimate®
$614/sqft

What's special

Private enchanted oasisFully renovated tropical retreatLush green spaceBright neutral finishesThoughtful details throughoutScenic miles-long paved pathTowering old-growth foliage

On a quiet dead-end street in the highly sought-after Sugarloaf Shores community, sits this fully renovated tropical retreat thats reminiscent of something straight out of a secret garden. Set on an oversized, gated and partially fenced parcel spanning over a quarter acre, this rare non-waterfront property offers the kind of lush green space that's nearly impossible to find in the Florida Keys. Towering old-growth foliage, vibrant established plantings, fresh new landscaping, and newly laid sod create a private, enchanted oasis where every corner invites you to slow down and stay awhile. Built in 1981 of solid concrete block construction and elevated on slab, this beautifully reimagined 3-bedroom, 2-bathroom home offers 1,548 square feet of airy, light-filled living space with bright neutral finishes and thoughtful details throughout. Every inch has been meticulously renovated, blending modern comfort with effortless island charm. Designed to embrace indoor-outdoor living, the property features multiple lanais and entertaining spaces perfect for morning coffee beneath the palms, sunset dinners with friends, or quiet afternoons surrounded by tropical serenity. The expansive lot offers endless opportunity for future enhancements -- envision a resort-style pool and tiki hut, a greenhouse, outdoor kitchen, play space for the kids, or all of the above. There's room here to truly create your dream Keys compound. Downstairs, nearly 400 additional square feet of enclosed storage and utility space adds incredible flexibility, while the paved 3-car carport with lighting and built-in workspace could easily be transformed into the ultimate outdoor entertaining kitchen or hobby space. Beloved Sugarloaf Shores provides peaceful island living with a scenic miles-long paved path, a laid-back Lower Keys atmosphere, and sought-after school district -- all just 15 minutes from exciting Key West. Rare Keys privacy, greenery, and possibility you may never want to leave.

147 days
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906
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71
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Source: FLKMLS,MLS#: 619875MLS Logo
Travel times

Living Room

Kitchen

Primary Bedroom

Zillow last checked:

Listing updated:

Listed by:

Angelina Will 305-489-1984,

Berkshire Hathaway HomeServices Knight & Gardner Realty

Source: FLKMLS,MLS#: 619875MLS Logo

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2
Cooling
  • Central Air, Ceiling Fans(s)
Appliances
  • Included: More Appliances, Dishwasher, Refrigerator, Range, Oven, Microwave, Freezer, Stainless Steel Appliance(s)
  • Laundry: Laundry Room
Features
  • Storage, Quartz Countertops
  • Flooring: Tile, Vinyl
Interior area
  • Total structure area: 1,548
  • Total interior livable area: 1,548 sqft

Property

Parking
  • Parking features: RV Access/Parking, Storage
Features
  • Patio & porch: Open Porch/Balcony, Patio, Lanai
  • Exterior features: Lighting, Storage
  • Fencing: Fenced,Privacy
Lot
  • Size: 0.3 Acres
  • Dimensions: 120 X 110
Details
  • Parcel number: 00164080000000
  • Zoning: IS - Improved Subivision District

Construction

Type & style
  • Home type: SingleFamily
  • Architectural style: Other
  • Property subtype: Single Family Residence
Materials
  • CBS, Concrete, Stucco, Hardi Board Siding
Condition
  • Updated/Remodeled
  • New construction: No
  • Year built: 1981

Community & HOA

Community
  • Features: Other, Bike Paths
  • Security: No Security
  • Subdivision: Sugarloaf Shores (17.0)
HOA
  • Has HOA: No
  • Services included: None
Location
  • Region: Sugarloaf Key

Financial & listing details

  • Price per square foot: $614/sqft
  • Tax assessed value: $656,224
  • Annual tax amount: $3,664
  • Date on market: 7/30/2026
  • Listing terms: Cash,Conventional,FHA

Price history

DateEventPrice
7/30/2026Listed for sale$950,000$614/sqft
Source: Key West AOR #619875
6/19/2026Contingent$950,000$614/sqft
Source: FLKMLS #619875
5/12/2026Listed for sale$950,000+82.7%$614/sqft
Source: Key West AOR #619875
11/21/2005Sold$520,000$336/sqft
Source: Public Record

Public tax history

YearProperty taxesTax assessment
2025$3,664 +5.2%$363,290 +2.9%
2024$3,484 +11.5%$353,052 +10.3%
2023$3,126 +2.7%$320,198 +3%
2022$3,044 -1.9%$310,872 +3%
2021$3,102 +0.6%$301,818 +1.4%
2020$3,084 $297,651 +2.3%
2019$3,084 +1.9%$290,959 +1.9%
2018$3,028 -0.3%$285,534 +2.1%
2017$3,035 +2.8%$279,662 +2.1%
2016$2,954 -0.5%$273,910 +0.7%
2015$2,967 $272,006

Find assessor info on the county website

Monthly payment

Est. payment
$5,875/mo
Principal & interest
$5226
Property taxes
$649
More affordability toolsChevron Right

Estimated market value

$907,700

$862,000 - $953,000

$7,313/mo

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: 33042

Nearby schools

Sugarloaf School
Grades PK-8 • 2.5 miles
6/10
GreatSchools® Rating
Test Score Rating
6/10
Student Progress Rating
5/10
Key West High School
Grades 9-12 • 14.7 miles
4/10
GreatSchools® Rating
Test Score Rating
4/10
College Readiness Rating
5/10
Student Progress Rating
2/10