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Sold for $900,000
    • $900,000

    318 Margaret St, Key West, FL 33040

    2beds
    1,463sqft
    Single Family Residence
    Built in 1930
    3,049.2 Square Feet Lot
    $904,200 Zestimate®
    $615/sqft
    $5,335 Estimated rent

    Home value

    $904,200

    $787,000 - $1.04M

    $5,335/mo

    Zestimate® history
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    What's special

    Privacy fenceMetal roofHeated swimming poolGranite countertopsPrivate backyard oasisFlexible layoutOpen front porch
    Historic charm meets modern comfort in this beautifully preserved 1930 Conch cottage nestled in Key West's sought-after Historic Seaport district. This two-story, 2-bedroom, 2-bath home (approximately 1,463 sq ft) boasts classic Key West architecture - wood siding and a metal roof - along with inviting outdoor spaces including an open front porch and a private backyard oasis. Inside, airy living spaces feature hardwood and tile floors, a modern kitchen with granite countertops and stainless-steel appliances, and a flexible layout with a bedroom suite on each level for optimal privacy. The tropical back patio is ideal for relaxing or entertaining, complete with a heated swimming pool (plus a cascading waterfall), an outdoor shower, and lush landscaping behind a privacy fence. Practical comforts include a whole-house generator and a spacious storage shed, plus the coveted benefit of off-street parking - a rarity in Old Town. From this prime Old Town location, you can stroll to the Historic Seaport marina, local restaurants, boutiques, and the vibrant Duval Street nightlife. Whether you're seeking a personal island retreat or a high-demand vacation rental, this unique property delivers an inviting blend of timeless island charm and excellent investment potential. Please note that pictures were taken before furniture and art were removed. Property is unfurnished.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jose Wenzel, PA 305-395-1381,

    Preferred Properties (KW),

    Philip Lawrence Lavoie 317-292-4423,

    Preferred Properties (KW)

    Bought with:

    Kirksten C Irick, 697725

    Preferred Properties (KW)

    Dominique Barrera, 3042909

    Preferred Properties (KW)

    Source: FLKMLS,MLS#: 615096MLS LogoOriginating MLS: Key West Association

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Washer, Wine Cooler, Microwave, Oven, Refrigerator, Dishwasher, Dryer
    Features
    • Storage, Cathedral Ceiling(s)
    • Flooring: Tile, Laminate, Wood
    • Windows: Drapes/Blinds Incl, Accordion
    Interior area
    • Total interior livable area: 1,463 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Off Street
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Open Porch/Balcony, Deck
    • Exterior features: Outdoor Shower
    • Has private pool: Yes
    • Pool features: Heated, In Ground
    • Fencing: Fenced,Privacy
    • Water view: None
    • Waterfront features: None, Dockage: None
    Lot
    • Size: 3,049 sqft
    • Features: Less Than 1/4 Acre
    Details
    • Additional structures: Shed(s)
    • Parcel number: 00003040000000
    • Zoning: HMDR
    • Zoning description: Historic Medium Density Residential

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Conch
    • Property subtype: Single Family Residence
    Materials
    • Frame
    • Roof: Metal
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1930

    Utilities & green energy

    • Sewer: Municipal Sewer, Public Sewer
    • Utilities for property: FKAA, Cable Available, Cable Connected

    Community & neighborhood

    Security
    • Security features: Security System
    Location
    • Region: Key West
    • Subdivision: Old Town - Unlisted (1.0)

    HOA & financial

    HOA
    • Has HOA: No
    • Services included: None

    Price history

    DateEventPrice
    8/25/2025Sold$900,000-32.1%$615/sqft
    Source: FLKMLS #615096 Report a problem
    8/22/2025Pending sale$1,325,000$906/sqft
    Source: FLKMLS #615096 Report a problem
    6/26/2025Contingent$1,325,000$906/sqft
    Source: Key West AOR #615096 Report a problem
    6/19/2025Price change$1,325,000-4.7%$906/sqft
    Source: FLKMLS #615096 Report a problem
    6/10/2025Price change$1,390,000-6.7%$950/sqft
    Source: FLKMLS #615096 Report a problem
    6/4/2025Price change$1,490,000-6.3%$1,018/sqft
    Source: FLKMLS #615096 Report a problem
    5/20/2025Listed for sale$1,590,000-10.9%$1,087/sqft
    Source: FLKMLS #615096 Report a problem
    8/27/2024Listing removed$1,785,000$1,220/sqft
    Source: Key West AOR #607242 Report a problem
    3/4/2024Price change$1,785,000-5.8%$1,220/sqft
    Source: Key West AOR #607242 Report a problem
    1/24/2024Price change$1,895,000-1.6%$1,295/sqft
    Source: FLKMLS #607242 Report a problem
    11/1/2023Listed for sale$1,925,000+4.1%$1,316/sqft
    Source: FLKMLS #607242 Report a problem
    8/6/2022Listing removed--
    Source: FLKMLS #601126 Report a problem
    6/20/2022Price change$1,850,000-1.3%$1,265/sqft
    Source: FLKMLS #601126 Report a problem
    5/24/2022Listed for sale$1,875,000+4.5%$1,282/sqft
    Source: FLKMLS #601126 Report a problem
    10/8/2021Listing removed--
    Source: FLKMLS #596181 Report a problem
    6/22/2021Price change$1,794,995-0.3%$1,227/sqft
    Source: FLKMLS #596181 Report a problem
    6/19/2021Price change$1,799,9950%$1,230/sqft
    Source: FLKMLS #596181 Report a problem
    5/21/2021Listed for sale$1,800,000+144.9%$1,230/sqft
    Source: FLKMLS #596181 Report a problem
    2/12/2004Sold$735,000$502/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$15,041 +116.7%$1,760,049 +113.1%
    2024$6,942 +1.7%$826,116 +3%
    2023$6,828 +4.5%$802,055 +3%
    2022$6,535 -2.4%$778,695 +3%
    2021$6,692 +1.7%$756,015 +1.4%
    2020$6,581 $745,577 +2%
    2019$6,581 +1.1%$731,143 +1.9%
    2018$6,506 $717,511 +3.8%
    2017-- $691,001 +11.7%
    2016-- $618,608 +16.4%
    2015-- $531,307

    Find assessor info on the county website

    Neighborhood: Historic Seaport

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    Estimated market value
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    Estimated market value
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