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For sale
  • Price cut: $36K (6/23)
    $1,250,000

    2515 Staples Ave, Key West, FL 33040

    5beds
    1,752sqft
    : 
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    Duplex, Single Family Residence
    Built in 1955
    -- sqft lot
    $-- Zestimate®
    $713/sqft
    $-- HOA

    What's special

    Private patioNew ac systemsNewer roofHurricane-impact windowsPrivate decked backyard
    Fully renovated duplex offering immediate income and long-term upside in the heart of Mid-Town Key West. This property delivers the flexibility that today's buyer-investors want, offering a primary residence with income, a vacation retreat, or a pure investment opportunity. Live in one unit while generating strong rental income from the other or maximize returns with two income streams. Short-term rentals restricted to 28 days. Unit A features a spacious 3-bedroom, 2-bath layout with a private patio and projected rental income of approximately $5,000/month while Unit B offers a 2-bedroom, 1-bath layout with a private, decked backyard and is currently leased to reliable, long-term tenants at $4,000/month.Extensively updated in 2020-2021 for modernization and reduced maintenance, including hurricane-impact windows, new AC systems, a newer roof and a full replacement of cast iron plumbing with PVC from the home to the street. The HVAC system has been enhanced with clean ductwork and UV light technology for improved air quality.Unit A is fully enclosed with high-quality vinyl fencing, creating privacy and a clean, finished look while Unit B enjoys a fenced backyard complete with decked area. Positioned along Key West's dedicated cross-town bike trail, this centrally located property offers easy access to beaches, dining, and Old Town. Unit B does carry the required 28-day rental licenses. A rare opportunity to secure a move-in-ready, income-producing property in one of Key West's most desirable and accessible locations. Purchase Unit A, 3 bedroom/2 bath (MLS 619603) or Unit B, 2 bedroom/1 bath (MLS 619604) separately (condo docs to be formed/filed).
    76 days
    |
    196
    |
    5
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Ea Ruth 910-409-0120,

    Loffreno Real Estate,

    Michelle Blades 305-394-4750,

    Realty Executives Florida Keys Old Town

    Source: FLKMLS,MLS#: 619602MLS LogoOriginating MLS: Key West Association

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      Appliances
      • Included: Washer, Oven, Range, Refrigerator, Dishwasher, Dryer
      Features
      • Flooring: Tile
      • Doors: Impact Rstnce Doors
      • Windows: Impact Rstnce Window
      Interior area
      • Total interior livable area: 1,752 sqft

      Property

      Accessibility
      • Accessibility features: None
      Features
      • Levels: One
      • Stories: 1
      • Fencing: Fenced
      • Water view: None
      • Waterfront features: None, Dockage: None
      Lot
      • Size: 5,227 Square Feet
      • Dimensions: 50 x 100
      • Features: Less Than 1/4 Acre
      Details
      • Parcel number: 00046250000000
      • Zoning: SF
      • Zoning description: Single Family
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex, Single Family Residence
      • Attached to another structure: Yes
      Materials
      • CBS
      • Roof: Metal
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1955

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: FKAA

      Community & HOA

      Community
      • Subdivision: New Town - Unlisted (2.0)
      HOA
      • Has HOA: No
      • Services included: None
      Location
      • Region: Key West

      Financial & listing details

      • Price per square foot: $713/sqft
      • Tax assessed value: $1,036,062
      • Annual tax amount: $9,309
      • Date on market: 4/22/2026
      • Listing terms: Cash,VA Loan,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/23/2026Price change$1,250,000-2.8%$713/sqft
        Source: FLKMLS #619602 Report a problem
        4/22/2026Listed for sale$1,286,000+7.2%$734/sqft
        Source: FLKMLS #619602 Report a problem
        8/23/2024Sold$1,200,000-4%$685/sqft
        Source: FLKMLS #608926 Report a problem
        7/19/2024Pending sale$1,250,000$713/sqft
        Source: FLKMLS #608926 Report a problem
        6/14/2024Contingent$1,250,000$713/sqft
        Source: Key West AOR #608926 Report a problem
        4/10/2024Price change$1,250,000-7.4%$713/sqft
        Source: Key West AOR #608926 Report a problem
        2/27/2024Listed for sale$1,350,000+157.1%$771/sqft
        Source: Key West AOR #608926 Report a problem
        3/18/2023Listing removed--
        Source: Zillow Rentals Report a problem
        2/18/2023Listed for rent$8,500$5/sqft
        Source: Zillow Rentals Report a problem
        8/31/2020Sold$525,000$300/sqft
        Source: FLKMLS #592325 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$9,309 +28.3%$1,036,062 +28.6%
        2024$7,254 +0.7%$805,913 +1.9%
        2023$7,202 +20.4%$790,997 +42.9%
        2022$5,983 +14.2%$553,449 +10.6%
        2021$5,238 +4.2%$500,496 +7.4%
        2020$5,029 $465,848 +7.7%
        2019$5,029 +9.3%$432,377 -0.2%
        2018$4,599 +3.3%$433,286 +3.5%
        2017$4,452 +4.5%$418,603 +2.3%
        2016$4,261 +0.9%$409,090 +20.1%
        2015$4,223 $340,513

        Find assessor info on the county website

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        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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: New Town

        Getting around

        69 / 100
        Somewhat Walkable
        23 / 100
        Minimal Transit
        83 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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