Skip main navigation
For sale
  • $1,200,000

    31 Coral Way, Stock Island, FL 33040

    3beds
    1,392sqft
    : 
    $7,690/mo
    Get pre-qualified
    Single Family Residence
    Built in 2004
    1,306 Square Feet Lot
    $1,126,800 Zestimate®
    $862/sqft
    $440/mo HOA

    What's special

    Abundant natural lightQuartz countertopsPrivate covered porchLush tropical landscapingOpen-concept floor planVaulted ceilingsTwo dedicated parking spaces
    Key West Transient-Licensed Vacation Rental for Sale. Own an active nightly vacation rental just minutes from Old Town Key West. This beautifully maintained 3-bedroom, 3-bathroom Coral Hammock home blends resort-style amenities with relaxed island living, and it's licensed for nightly transient rentals, which makes it a strong income-producing investment property or Florida Keys vacation home. Inside, an open-concept floor plan features vaulted ceilings and abundant natural light. The kitchen comes with brand new stainless steel appliances and quartz countertops. The spacious living and dining areas flow seamlessly to a private covered porch for easy indoor-outdoor living. Each of the three bedrooms has its own full bathroom, offering privacy and flexibility for family, guests, or vacation rental bookings. The primary suite opens to a private balcony, a serene retreat after a day on the water. Outside, enjoy lush tropical landscaping and two dedicated parking spaces. You'll also have access to Coral Hammock's heated resort pool, clubhouse, and fitness center. The home is close to the Key West Golf Club, Hogfish Bar & Grill, Hurricane Hole Marina, and some of the best dining and boating in the Florida Keys. 31 Coral Way combines comfort, convenience, and the carefree charm of Key West living. Buyer pays 2 months of HOA dues ($880 total) at closing as a working capital contribution.
    24 days
    311
    9

    Zillow last checked:

    Listing updated:

    Listed by:

    Krystal Thomas 305-394-4073,

    eXp Realty LLC Southernmost Branch

    Source: FLKMLS,MLS#: 621642MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Cooling
      • Central Air
      Appliances
      • Included: Washer, Dryer, Dishwasher, Refrigerator, Oven, Microwave, Stainless Steel Appliance(s)
      Features
      • Walk-in Closet(s), Quartz Countertops
      • Flooring: Vinyl
      • Furnished: Yes
      Interior area
      • Total structure area: 1,392
      • Total interior livable area: 1,392 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: 1,306 Square Feet
      Details
      • Parcel number: 00124100000116
      • Zoning: MU - Mixed Use District

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Hardi Board Siding
      Condition
      • Year built: 2004

      Community & HOA

      Community
      • Features: Clubhouse
      • Security: Security Gate
      • Subdivision: Maloney Sub (5.0)
      HOA
      • Has HOA: Yes
      • Services included: Common Area Mnt, Security
      • HOA fee: $440 monthly
      Location
      • Region: Stock Island

      Financial & listing details

      • Price per square foot: $862/sqft
      • Tax assessed value: $907,672
      • Annual tax amount: $6,023
      • Date on market: 10/15/2026
      • Listing terms: Cash,Conventional

        Estimated market value

        $1,126,800

        $1.07M - $1.18M

        $6,979/mo

        Price history

        DateEventPrice
        10/15/2026Listed for sale$1,200,000-2%$862/sqft
        Source: FLKMLS #621642 Report a problem
        7/8/2026Listing removed$1,225,000$880/sqft
        Source: eXp Realty #617616 Report a problem
        5/21/2026Price change$1,225,000-5.8%$880/sqft
        Source: FLKMLS #617616 Report a problem
        3/10/2026Price change$1,300,000-7.1%$934/sqft
        Source: FLKMLS #617616 Report a problem
        12/6/2025Listed for sale$1,400,000+133.3%$1,006/sqft
        Source: Key West AOR #617616 Report a problem
        6/22/2018Sold$600,000$431/sqft
        Source: FLKMLS #580722 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,134 +18.4%$681,617 +10%
        2024$6,024 +6.6%$619,652 +10%
        2023$5,649 +15.6%$563,320 +10%
        2022$4,887 +4.9%$512,109 +10%
        2021$4,659 -1.9%$465,554 -1.2%
        2020$4,751 $471,223 -4.3%
        2019$4,751 -4.3%$492,571 +3.9%
        2018$4,964 +6.6%$474,118 +15.5%
        2017$4,656 +11.9%$410,342 +9.7%
        2016$4,161 +6%$374,096 +8%
        2015$3,927 $346,463
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 33040

        Getting around

        58 / 100
        Somewhat Walkable
        93 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts