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For sale
  • Price cut: $20K (6/30)
    $640,000

    48 Merganser Ln, Key West, FL 33040

    2beds
    780sqft
    : 
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    Townhouse, Residential - Condo/Townhouse
    Built in 1995
    1,306 Square Feet Lot
    $628,300 Zestimate®
    $821/sqft
    $510/mo HOA

    What's special

    Lush tropical groundsMaintained common areasWalking pathsEasy indoor-outdoor flow
    An easier way to own in Key West. This 2-bedroom, 1.5-bath townhome in the Key West Golf Club gated community offers the simplicity, flexibility, and lifestyle many island buyers are looking for. Whether you want a lock-and-leave second home, a seasonal retreat, a rental-supported investment, or a manageable year-round residence, 48 Merganser Lane gives you a practical path to Key West ownership.The efficient two-story layout separates living and sleeping spaces, while the private outdoor area extends the home's usable living space and creates an easy indoor-outdoor flow. Impact windows add peace of mind, storm protection, and everyday convenience for owners who want a more secure, low-maintenance island home base.Instead of taking on the upkeep demands of a traditional single-family home, you can enjoy a low-maintenance setting with access to resort-style community amenities, including two pools, a fitness center, lush tropical grounds, walking paths, and maintained common areas.The location adds to the appeal. From the Key West Golf Club, you are within easy reach of Old Town, marinas, dining, shopping, entertainment, and the airport, making it convenient for both owners and guests. The community setting offers a quieter residential feel while still keeping the full Key West lifestyle close by.With its manageable size, established community, outdoor living space, rental flexibility, impact windows, and strong lifestyle appeal, 48 Merganser Lane is not just a place to stay in Key West. It is a smart, easy-to-enjoy island home base designed for the way many buyers want to own today.
    173 days
    |
    422
    |
    8
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    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)

    Source: FLKMLS,MLS#: 617995MLS LogoOriginating MLS: Key West Association

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 1
      • 1/2 bathrooms: 1
      Cooling
      • Central Air, Ceiling Fans(s)
      Appliances
      • Included: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
      Features
      • Gym
      • Flooring: Tile, Laminate
      • Furnished: Yes
      Interior area
      • Total interior livable area: 780 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Open, Guest
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Open Porch/Balcony
      • Has private pool: Yes
      • Pool features: Heated, In Ground, Decked, Concrete
      • Water view: None
      • Waterfront features: None, Dockage: None
      Lot
      • Size: 1,306 Square Feet
      • Features: Less Than 1/4 Acre
      Details
      • Parcel number: 00072081000124
      • Zoning: SF
      • Zoning description: Single Family

      Construction

      Type & style
      • Home type: Townhouse
      • Architectural style: Townhouse
      • Property subtype: Townhouse, Residential - Condo/Townhouse
      Materials
      • Frame, Hardi Board Siding
      • Roof: Metal
      Condition
      • Year built: 1995

      Utilities & green energy

      • Electric: Elect Separate Meter
      • Sewer: Community Swr Plant, Public Sewer
      • Water: Water Separate Meter
      • Utilities for property: FKAA, Cable Available

      Community & HOA

      Community
      • Features: Pool, Fire Hydrant, Manager on Premises, Clubhouse
      • Security: Gated with Guard, Patrolled Area
      • Subdivision: Key West Golf Club Dev (4.0)
      HOA
      • Has HOA: Yes
      • Services included: Cable TV, Security, Maintenance Grounds
      • HOA fee: $510 monthly
      Location
      • Region: Key West

      Financial & listing details

      • Price per square foot: $821/sqft
      • Tax assessed value: $491,666
      • Annual tax amount: $4,608
      • Date on market: 1/8/2026
      • Listing terms: Cash,VA Loan,Conventional

        Estimated market value

        $628,300

        $597,000 - $660,000

        $3,912/mo

        Price history

        DateEventPrice
        6/30/2026Price change$640,000-3%$821/sqft
        Source: FLKMLS #617995 Report a problem
        3/18/2026Price change$660,000-3.6%$846/sqft
        Source: Key West AOR #617995 Report a problem
        2/4/2026Price change$685,000-0.7%$878/sqft
        Source: Key West AOR #617995 Report a problem
        1/8/2026Listed for sale$690,000+0.1%$885/sqft
        Source: FLKMLS #617995 Report a problem
        8/1/2025Listing removed$689,000$883/sqft
        Source: FLKMLS #613747 Report a problem
        7/3/2025Listing removed$3,500$4/sqft
        Source: Zillow Rentals Report a problem
        6/30/2025Price change$3,500-5.4%$4/sqft
        Source: Zillow Rentals Report a problem
        6/12/2025Price change$3,700-2.6%$5/sqft
        Source: Zillow Rentals Report a problem
        6/6/2025Listed for rent$3,800$5/sqft
        Source: Zillow Rentals Report a problem
        5/23/2025Price change$689,000-10.9%$883/sqft
        Source: FLKMLS #613747 Report a problem
        2/17/2025Listed for sale$773,000+12.4%$991/sqft
        Source: Key West AOR #613747 Report a problem
        7/19/2023Sold$688,000-1.6%$882/sqft
        Source: FLKMLS #604240 Report a problem
        5/2/2023Contingent$699,000$896/sqft
        Source: MLKAR #604240 Report a problem
        4/24/2023Price change$699,000-2.9%$896/sqft
        Source: MLKAR #604240 Report a problem
        3/29/2023Price change$720,000-4%$923/sqft
        Source: FLKMLS #604240 Report a problem
        2/18/2023Listed for sale$750,000+63%$962/sqft
        Source: FLKMLS #604240 Report a problem
        7/13/2021Sold$460,000+10.2%$590/sqft
        Source: Public Record Report a problem
        9/5/2019Sold$417,500-1.8%$535/sqft
        Source: Public Record Report a problem
        9/3/2019Listed for sale$425,000$545/sqft
        Source: Coldwell Banker Schmitt Real Estate Co. #586593 Report a problem
        8/2/2019Pending sale$425,000$545/sqft
        Source: Coldwell Banker Schmitt Real Estate Co. #586593 Report a problem
        7/21/2019Listed for sale$425,000+11.8%$545/sqft
        Source: Coldwell Banker Schmitt Real Estate Co. (KW) #586593 Report a problem
        2/15/2019Sold$380,000-4.8%$487/sqft
        Source: Public Record Report a problem
        2/15/2019Listed for sale$399,000$512/sqft
        Source: Keller Williams Key West Compass Realty #582148 Report a problem
        12/26/2018Pending sale$399,000$512/sqft
        Source: Keller Williams Key West Compass Realty #582148 Report a problem
        12/6/2018Listed for sale$399,000$512/sqft
        Source: Keller Williams Key West Compass Realty #582148 Report a problem
        10/11/2018Pending sale$399,000$512/sqft
        Source: Keller Williams Key West Compass Realty #582148 Report a problem
        10/3/2018Listed for sale$399,000+26.7%$512/sqft
        Source: Keller Williams Key West Compass Realty #582148 Report a problem
        6/26/2015Sold$315,000+15.6%$404/sqft
        Source: Public Record Report a problem
        11/15/2012Sold$272,500+9.4%$349/sqft
        Source: Public Record Report a problem
        3/6/2003Sold$249,000$319/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,608 -8.3%$491,666 -10.9%
        2024$5,024 +8.4%$551,974 +15.7%
        2023$4,636 +15.2%$476,893 +10%
        2022$4,025 +24.5%$433,539 +35.4%
        2021$3,232 -1.1%$320,239 -1.7%
        2020$3,267 $325,768 +9.4%
        2019$3,267 +7.3%$297,801 +10%
        2018$3,043 +6.8%$270,717 -8.4%
        2017$2,850 -8.7%$295,551 +7.6%
        2016$3,121 +4.9%$274,715 +23.9%
        2015$2,975 $221,644

        Find assessor info on the county website

        Monthly payment

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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: 33040

        Getting around

        22 / 100
        Car-Dependent
        23 / 100
        Minimal Transit
        76 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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