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For sale
  • Price cut: $125K (8/17)
    $1,225,000

    1503 Atlantic Blvd, Key West, FL 33040

    4beds
    2,750sqft
    Multi Family
    Built in 1968
    -- sqft lot
    $1,171,200 Zestimate®
    $445/sqft
    $-- HOA

    What's special

    Flexible multi-unit configurationBig lot
    THIS IS THE PLAY. Big lot. Big upside. Atlantic Boulevard address. 1503 Atlantic Boulevard brings together the pieces that matter most in Key West: land, location, pool, and multi-unit flexibility. Atlantic Boulevard has only a handful of true residential opportunities, and this one brings the rare combination of land, pool, and multi-unit upside. Set on an approximately 8,050 square foot lot, this Atlantic-side property offers roughly 2,750 square feet of living area with a flexible multi-unit configuration and a concrete pool anchoring the outdoor space. The existing home would benefit from a major renovation and thoughtful updating for today's standards, creating a compelling opportunity for an investor, owner-user, or buyer with vision. In a market where land is the luxury, the lot itself is a major part of the story. The scale, pool, and layout create the foundation for a refreshed tropical compound, income-producing retreat, or reimagined Key West residence. Located along Atlantic Boulevard, the property is close to beaches, Old Town, Casa Marina, schools, dining, and the everyday ease that makes island living so desirable. Whether held as a long-term income property or transformed into something more polished, 1503 Atlantic Boulevard offers the kind of upside that is increasingly hard to find in Key West.
    41 days
    |
    692
    |
    32
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Team Kaufelt 305-393-1267,

    Truman & Co. (KW)

    Source: FLKMLS,MLS#: 620612MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Cooling
      • Central Air, Ceiling Fans(s)
      Appliances
      • Included: Dryer, Dishwasher, Refrigerator, Oven, Freezer
      Features
      • Flooring: Combination
      Interior area
      • Total structure area: 2,750
      • Total interior livable area: 2,750 sqft

      Property

      Parking
      • Parking features: Open
      • Has uncovered spaces: Yes
      Features
      • Patio & porch: Open Porch/Balcony
      • Has private pool: Yes
      • Pool features: In Ground
      Lot
      • Size: 7,840 Square Feet
      • Dimensions: 70 X 115
      Details
      • Parcel number: 00061510000000
      • Zoning: SF - Single Family

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Frame
      Condition
      • Year built: 1968

      Community & HOA

      Community
      • Security: No Security
      • Subdivision: Kamien Plat #2 (2.0)
      HOA
      • Has HOA: No
      • Services included: None
      Location
      • Region: Key West

      Financial & listing details

      • Price per square foot: $445/sqft
      • Tax assessed value: $1,164,560
      • Annual tax amount: $10,516
      • Date on market: 7/13/2026

        Estimated market value

        $1,171,200

        $1.11M - $1.23M

        $4,861/mo

        Price history

        DateEventPrice
        8/17/2026Price change$1,225,000-9.3%$445/sqft
        Source: FLKMLS #620612 Report a problem
        7/13/2026Listed for sale$1,350,000$491/sqft
        Source: FLKMLS #620612 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$10,516 +4.7%$1,021,477 +10%
        2024$10,047 +7.2%$928,615 +10%
        2023$9,369 +14.5%$844,195 +10%
        2022$8,182 +10.7%$767,450 +10%
        2021$7,393 +3%$697,682 +3%
        2020$7,181 $677,341 +2%
        2019$7,181 +1%$664,196 -2.6%
        2018$7,110 -3.6%$681,731 -0.4%
        2017$7,373 0%$684,753 +54.1%
        2016$7,374 +49.5%$444,222 -0.9%
        2015$4,932 $448,227
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Midtown

        Getting around

        57 / 100
        Somewhat Walkable
        20 / 100
        Minimal Transit
        93 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating

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