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.
For sale
Price cut: $20K (6/30)
$640,000
48 Merganser Ln, Key West, FL 33040
2beds
780sqft
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
- 173 days |
- 422 |
- 8 |
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#: 617995
Originating 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
| Date | Event | Price |
|---|---|---|
| 6/30/2026 | Price change | $640,000-3%$821/sqft |
Source: | ||
| 3/18/2026 | Price change | $660,000-3.6%$846/sqft |
Source: | ||
| 2/4/2026 | Price change | $685,000-0.7%$878/sqft |
Source: | ||
| 1/8/2026 | Listed for sale | $690,000+0.1%$885/sqft |
Source: | ||
| 8/1/2025 | Listing removed | $689,000$883/sqft |
Source: | ||
| 7/3/2025 | Listing removed | $3,500$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/30/2025 | Price change | $3,500-5.4%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/12/2025 | Price change | $3,700-2.6%$5/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/6/2025 | Listed for rent | $3,800$5/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/23/2025 | Price change | $689,000-10.9%$883/sqft |
Source: | ||
| 2/17/2025 | Listed for sale | $773,000+12.4%$991/sqft |
Source: | ||
| 7/19/2023 | Sold | $688,000-1.6%$882/sqft |
Source: | ||
| 5/2/2023 | Contingent | $699,000$896/sqft |
Source: | ||
| 4/24/2023 | Price change | $699,000-2.9%$896/sqft |
Source: | ||
| 3/29/2023 | Price change | $720,000-4%$923/sqft |
Source: | ||
| 2/18/2023 | Listed for sale | $750,000+63%$962/sqft |
Source: | ||
| 7/13/2021 | Sold | $460,000+10.2%$590/sqft |
Source: Public Record Report a problem | ||
| 9/5/2019 | Sold | $417,500-1.8%$535/sqft |
Source: Public Record Report a problem | ||
| 9/3/2019 | Listed for sale | $425,000$545/sqft |
Source: Coldwell Banker Schmitt Real Estate Co. #586593 Report a problem | ||
| 8/2/2019 | Pending sale | $425,000$545/sqft |
Source: Coldwell Banker Schmitt Real Estate Co. #586593 Report a problem | ||
| 7/21/2019 | Listed for sale | $425,000+11.8%$545/sqft |
Source: Coldwell Banker Schmitt Real Estate Co. (KW) #586593 Report a problem | ||
| 2/15/2019 | Sold | $380,000-4.8%$487/sqft |
Source: Public Record Report a problem | ||
| 2/15/2019 | Listed for sale | $399,000$512/sqft |
Source: Keller Williams Key West Compass Realty #582148 Report a problem | ||
| 12/26/2018 | Pending sale | $399,000$512/sqft |
Source: Keller Williams Key West Compass Realty #582148 Report a problem | ||
| 12/6/2018 | Listed for sale | $399,000$512/sqft |
Source: Keller Williams Key West Compass Realty #582148 Report a problem | ||
| 10/11/2018 | Pending sale | $399,000$512/sqft |
Source: Keller Williams Key West Compass Realty #582148 Report a problem | ||
| 10/3/2018 | Listed for sale | $399,000+26.7%$512/sqft |
Source: Keller Williams Key West Compass Realty #582148 Report a problem | ||
| 6/26/2015 | Sold | $315,000+15.6%$404/sqft |
Source: Public Record Report a problem | ||
| 11/15/2012 | Sold | $272,500+9.4%$349/sqft |
Source: Public Record Report a problem | ||
| 3/6/2003 | Sold | $249,000$319/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | $221,644 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 33040
Nearby schools
GreatSchools rating
- 4/10Gerald Adams Elementary SchoolGrades: PK-5Distance: 0.5 mi
- NAAdult/Vocational/Community EducationGrades: Distance: 0.8 mi
- 4/10Key West High SchoolGrades: 9-12Distance: 2.9 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Monroe County
- Key West
- 33040
- 48 Merganser Ln






