Opportunities like this don't come around often. Discover the perfect blend of an income-producing legal duplex and the privacy of a beautifully renovated primary home in New Town, Key West. The primary home offers 2 bedrooms and 2 baths, featuring many upscale touches throughout, including a gorgeous, renovated gourmet kitchen ideal for entertaining or everyday living. The very spacious primary suite includes a luxurious ensuite bath and opens directly to a private backyard oasis, completely separate from the rental unit. The detached 1-bedroom, 1-bathroom cottage has a full kitchen and a washer and dryer. It also features its own outdoor living spaces. The cottage provides excellent income potential or a comfortable space for guests and family. Enjoy quiet island living while generating additional income—3707 Paula Ave truly delivers the best of both worlds.
Sold for $930,000
$930,000
3707 Paula Ave, Key West, FL 33040
3beds
1,552sqft
Duplex
Built in 1963
-- sqft lot
$934,600 Zestimate®
$599/sqft
$4,030 Estimated rent
Home value
$934,600
$832,000 - $1.05M
$4,030/mo
Zestimate® history
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$4,030/mo
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$4,030/mo
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$5,668/mo
Est. payment
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$5,668/mo
Est. payment
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List your homeWhat's special
Beautifully renovated primary homePrivate backyard oasisGorgeous renovated gourmet kitchenVery spacious primary suiteLuxurious ensuite bath
Zillow last checked:
Listing updated:
Listed by:
Cardenas & Krug Team 305-848-1616,
Coastal Collection Real Estate Inc.
Bought with:
Matthew J Sheehan, 3400684
Ocean Sotheby's International Realty
Source: FLKMLS,MLS#: 617985
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)
- Laundry: Laundry Room
Features
- Flooring: Tile
Interior area
- Total structure area: 1,552
- Total interior livable area: 1,552 sqft
Property
Features
- Patio & porch: Deck
- Exterior features: Outdoor Shower, Storage
Lot
- Size: 5,662 Square Feet
Details
- Parcel number: 00054850000000
- Zoning: SF - Single Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- CBS
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1963
Utilities & green energy
- Utilities for property: Water Separate Meter, Elect Separate Meter
Community & HOA
Community
- Subdivision: Pearlman Est (4.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Key West
Financial & listing details
- Price per square foot: $599/sqft
- Tax assessed value: $818,190
- Annual tax amount: $7,595
- Date on market: 1/8/2026
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 3/13/2026 | Sold | $930,000-2.1%$599/sqft |
Source:  FLKMLS #617985 Report a problem | ||
| 2/18/2026 | Contingent | $950,000$612/sqft |
Source: FLKMLS #617985 Report a problem | ||
| 1/8/2026 | Listed for sale | $950,000$612/sqft |
Source:  Key West AOR #617985 Report a problem | ||
| 1/8/2026 | Listing removed | $950,000$612/sqft |
Source: Key West AOR #617269 Report a problem | ||
| 11/10/2025 | Listed for sale | $950,000-25.2%$612/sqft |
Source: FLKMLS #617269 Report a problem | ||
| 4/22/2025 | Listing removed | $1,270,000$818/sqft |
Source: FLKMLS #612099 Report a problem | ||
| 4/3/2025 | Price change | $1,270,000-7.3%$818/sqft |
Source: FLKMLS #612099 Report a problem | ||
| 3/21/2025 | Price change | $1,370,000-1.4%$883/sqft |
Source: Key West AOR #612099 Report a problem | ||
| 3/6/2025 | Price change | $1,390,000-4.1%$896/sqft |
Source: FLKMLS #612099 Report a problem | ||
| 2/14/2025 | Price change | $1,449,000-3.3%$934/sqft |
Source: Key West AOR #612099 Report a problem | ||
| 1/15/2025 | Price change | $1,499,000-8.5%$966/sqft |
Source: FLKMLS #612099 Report a problem | ||
| 11/4/2024 | Listed for sale | $1,639,000+152.2%$1,056/sqft |
Source: FLKMLS #612099 Report a problem | ||
| 5/28/2019 | Sold | $650,000+85.7%$419/sqft |
Source: FLKMLS #582621 Report a problem | ||
| 10/30/2002 | Sold | $350,000+37%$226/sqft |
Source: Public Record Report a problem | ||
| 12/15/2000 | Sold | $255,500$165/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,595 +7.2% | $768,292 +10% |
| 2024 | $7,083 +4.8% | $698,447 +10% |
| 2023 | $6,758 +11.9% | $634,952 +10% |
| 2022 | $6,037 +10.7% | $577,229 +10% |
| 2021 | $5,451 -1.4% | $524,754 -2.1% |
| 2020 | $5,526 | $536,200 +0.8% |
| 2019 | $5,526 +1.6% | $531,730 +48.6% |
| 2018 | $5,439 +47.9% | $357,809 +2.7% |
| 2017 | $3,678 +13.8% | $348,366 -1.9% |
| 2016 | $3,231 -5.1% | $355,086 +6.1% |
| 2015 | $3,404 | $334,667 |
Find assessor info on the county website
Neighborhood: New Town
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Nearby schools
GreatSchools rating
- 7/10Poinciana Elementary SchoolGrades: PK-5Distance: 0.7 mi
- NAAdult/Vocational/Community EducationGrades: Distance: 1.3 mi
- 4/10Key West High SchoolGrades: 9-12Distance: 1.6 mi
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Estimated market value
$934,600
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
$934,600
- Florida
- Monroe County
- Key West
- 33040
- New Town
- 3707 Paula Ave
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