Yes - not too good to be true or a misprint! Priced to sell for just $990,000 with this $400,000 price reduction. Rare 2 unit property in Old Town! Enjoy Key West living on one of our most picturesque Old Town lanes. Located in the heart of the historic district and near the seaport, everything you want in Key West is right out your door. Built in the early 1900s, over the years the home was converted into a legal 2-unit property with separate water & electric accounts. The configuration is upstairs (large 1 BR & 1 BA with a sleeping loft) and downstairs (2 BR & 1.5 BA) units, with an exterior staircase. Both units have a front & rear porch, balcony, or deck. For your parking convenience, an off-street spot is in front of the property.Prime location, opportunity & value!
Sold for $850,000
Zestimate®
$850,000
308 Peacon Ln, Key West, FL 33040
3beds
1,296sqft
Duplex, Multi Family
Built in 1923
-- sqft lot
$850,000 Zestimate®
$656/sqft
$5,300 Estimated rent
Home value
$850,000
Estimated sales range
Not available
$5,300/mo
Zestimate® history
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$5,096/mo
Est. payment
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Vic Musmanno 305-304-2623,
Coldwell Banker Schmitt Real Estate Co. (KW)
Bought with:
Vic Musmanno, 673105
Coldwell Banker Schmitt Real Estate Co. (KW)
Source: FLKMLS,MLS#: 612553
Originating MLS: Key West Association
Originating MLS: Key West AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Cooling
- Wall/Window Unit(s), Ceiling Fans(s)
Appliances
- Included: YES
Features
- Flooring: Tile, Laminate, Wood
- Doors: French Doors
- Windows: Double Hung Windows
Interior area
- Total interior livable area: 1,296 sqft
Property
Parking
- Total spaces: 1
- Parking features: Off Street
Features
- Patio & porch: Open Porch/Balcony, Deck, Patio
- Exterior features: Storage
- Fencing: Fenced
- Water view: None
- Waterfront features: None, Dockage: None
Lot
- Size: 1,978 sqft
- Dimensions: 22.5 x 93
- Features: Less Than 1/4 Acre
Details
- Additional structures: Shed(s)
- Parcel number: 00003620000100
- Zoning: HMDR
- Zoning description: Historic Medium Density Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Frame
- Roof: Metal
Condition
- Year built: 1923
Utilities & green energy
- Electric: Elect Separate Meter
- Sewer: Municipal Sewer, Public Sewer
- Water: Water Separate Meter
- Utilities for property: FKAA, Cable Available, Buyer to Verify
Community & neighborhood
Community
- Community features: Other
Location
- Region: Key West
- Subdivision: Old Town - Unrecord (1.0)
HOA & financial
HOA
- Has HOA: No
- Services included: None
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 10/31/2025 | Sold | $850,000-14.1%$656/sqft |
Source:  FLKMLS #612553 Report a problem | ||
| 10/6/2025 | Pending sale | $990,000$764/sqft |
Source: FLKMLS #612554 Report a problem | ||
| 10/1/2025 | Contingent | $990,000$764/sqft |
Source:  Key West AOR #612553 Report a problem | ||
| 6/11/2025 | Price change | $990,000-28.8%$764/sqft |
Source: Key West AOR #612554 Report a problem | ||
| 5/13/2025 | Price change | $1,390,000-3.5%$1,073/sqft |
Source: Key West AOR #612553 Report a problem | ||
| 1/31/2025 | Price change | $1,440,000-3.4%$1,111/sqft |
Source: FLKMLS #612554 Report a problem | ||
| 12/6/2024 | Listed for sale | $1,490,000+198%$1,150/sqft |
Source: Key West AOR #612553 Report a problem | ||
| 8/3/2009 | Sold | $500,000-12.3%$386/sqft |
Source: FLKMLS #108644 Report a problem | ||
| 4/7/2003 | Sold | $570,000+90%$440/sqft |
Source: Public Record Report a problem | ||
| 6/12/2000 | Sold | $300,000$231/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,147 +7.6% | $818,809 +10% |
| 2024 | $7,568 +6.6% | $744,372 +10% |
| 2023 | $7,096 +13.5% | $676,702 +10% |
| 2022 | $6,254 +8.7% | $615,184 +10% |
| 2021 | $5,753 +4.6% | $559,258 +4.9% |
| 2020 | $5,499 | $533,065 +6.7% |
| 2019 | $5,499 +4.9% | $499,602 -8.4% |
| 2018 | $5,241 -6% | $545,625 0% |
| 2017 | $5,574 +3.5% | $545,654 +6.4% |
| 2016 | $5,385 +2.3% | $512,724 +32% |
| 2015 | $5,263 | $388,334 |
Find assessor info on the county website
Neighborhood: Historic Seaport
Nearby schools
GreatSchools rating
- 4/10Gerald Adams Elementary SchoolGrades: PK-5Distance: 3.8 mi
- NAMonroe Virtual Instruction ProgramGrades: K-12Distance: 0.4 mi
- 4/10Key West High SchoolGrades: 9-12Distance: 1.6 mi
Get a cash offer in 3 minutes
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Estimated market value
$850,000
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
$850,000
- Florida
- Monroe County
- Key West
- 33040
- Historic Seaport
- 308 Peacon Ln
Nearby cities
Nearby neighborhoods
Nearby zip codes
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