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Under contract
Price cut: $25K (4/8)
$850,000

5 El Monte Ln, Key West, FL 33040

3beds
1,545sqft
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Single Family Residence
Built in 2006
2,613 Square Feet Lot
$814,200 Zestimate®
$550/sqft
$-- HOA

What's special

Larger-than-expected roomsThree spacious bedroomsNatural gas stoveNew hardie board sidingImpact windows and doorsUpgraded kitchenStainless steel appliances
Built in 2006 and beautifully upgraded, this meticulously maintained 3-bedroom, 2.5-bath residence offers durability, comfort, and the ultimate island lifestyle -- just 1/2 block from a public boat ramp.For boating enthusiasts, this location is exceptional. Launch your boat within minutes of leaving home and enjoy effortless access to the water.The standout feature of this property is the private balcony off the primary bedroom with visible ocean views -- the perfect setting for morning coffee with sea breezes or sunset relaxation. This elevated retreat truly captures the essence of Key West living.The third level features three spacious bedrooms and two full bathrooms, including a guest bath with a spa-like air tub. The main living level offers an open-concept layout with wood flooring and larger-than-expected rooms. The upgraded kitchen includes: Center island with bar seating Decorative backsplash Stainless steel appliances Natural gas stoveThe kitchen flows seamlessly into the dining and living areas, opening onto a second balcony -- perfect for entertaining and indoor-outdoor living.Significant recent upgrades provide peace of mind: Impact windows and doors (2025) New Hardie board siding Water pressure booster (2024) Hot water heater (2024) Exterior electrical box (2025) Refrigerator & dishwasher (2025) Replaced front stairs and upstairs deck Roof (2018)The fully fenced yard offers privacy and tranquility with space to create your own outdoor oasis. There is also a bonus room currently configured as a home office, ideal for remote work, creative space, or flexible use. Off-street parking accommodates two vehicles. With major capital improvements already completed, ocean views from the primary suite, and immediate access to the boat ramp just steps away, this property is ideal as a primary residence or second home in beautiful Key West.
128 days
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Zillow last checked:

Listing updated:

Listed by:

Jaime M Caballero 305-797-5252,

Key West Vacation Properties & Realty, LLC (KW),

Alexandria Caballero 305-393-9077,

Key West Vacation Properties & Realty, LLC (KW)

Source: FLKMLS,MLS#: 618776MLS LogoOriginating MLS: Key West Association

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Dryer, Gas Appliances, Disposal, Microwave, Oven, Refrigerator, Dishwasher
    Features
    • Flooring: Vinyl
    • Doors: Impact Rstnce Doors
    • Windows: Impact Rstnce Window, Clam Shell
    Interior area
    • Total interior livable area: 1,545 sqft

    Property

    Parking
    • Parking features: Off Street, Covered
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Open Porch/Balcony, Deck
    • Exterior features: Rain Gutters, Sprinkler System, Lighting
    • Fencing: Privacy
    • Has view: Yes
    • View description: Ocean
    • Has water view: Yes
    • Water view: Ocean
    • Waterfront features: None, Dockage: None
    Lot
    • Size: 2,613 Square Feet
    • Features: Less Than 1/4 Acre
    Details
    • Parcel number: 00157120000000
    • Zoning: URM
    • Zoning description: Urban Res Mobile Home District

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Roof: Metal
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 2006

    Utilities & green energy

    • Sewer: Municipal Sewer, Public Sewer
    • Utilities for property: FKAA, Propane, Buyer to Verify

    Community & HOA

    Community
    • Subdivision: Gulfrest Park (10.0)
    HOA
    • Has HOA: No
    • Services included: None
    Location
    • Region: Key West

    Financial & listing details

    • Price per square foot: $550/sqft
    • Tax assessed value: $548,680
    • Annual tax amount: $5,228
    • Date on market: 2/23/2026

      Estimated market value

      $814,200

      $773,000 - $855,000

      $4,879/mo

      Price history

      DateEventPrice
      5/30/2026Contingent$850,000$550/sqft
      Source: FLKMLS #618776 Report a problem
      4/8/2026Price change$850,000-2.9%$550/sqft
      Source: FLKMLS #618776 Report a problem
      2/23/2026Listed for sale$875,000+174.6%$566/sqft
      Source: FLKMLS #618776 Report a problem
      8/13/2017Listing removed$2,600$2/sqft
      Source: Key West Residential Property Management Report a problem
      8/6/2017Listed for rent$2,600+4%$2/sqft
      Source: Key West Residential Property Management Report a problem
      10/10/2016Listing removed$2,500-3.8%$2/sqft
      Source: Key West Residential Property Management Report a problem
      6/10/2015Listing removed$2,600$2/sqft
      Source: Key West Residential Property Management Report a problem
      5/29/2015Price change$2,600-7.1%$2/sqft
      Source: Key West Residential Property Management Report a problem
      5/16/2015Price change$2,800-12.5%$2/sqft
      Source: Key West Residential Property Management Report a problem
      4/10/2015Listed for rent$3,200$2/sqft
      Source: Key West Residential Property Management Report a problem
      4/8/2015Listing removed$318,700$206/sqft
      Source: Coldwell Banker Schmitt Real Estate Co. #120242 Report a problem
      4/2/2015Pending sale$318,700$206/sqft
      Source: Coldwell Banker Schmitt Real Estate Co. #120242 Report a problem
      4/2/2015Listed for sale$318,700+0.2%$206/sqft
      Source: Coldwell Banker Schmitt Real Estate Co. #120242 Report a problem
      3/31/2015Sold$318,150-0.5%$206/sqft
      Source: FLKMLS #120242 Report a problem
      2/26/2015Pending sale$319,700$207/sqft
      Source: Coldwell Banker Schmitt #120242 Report a problem
      2/3/2015Listed for sale$319,700$207/sqft
      Source: Coldwell Banker Schmitt #120242 Report a problem
      1/24/2015Pending sale$319,700$207/sqft
      Source: Coldwell Banker Schmitt #120242 Report a problem
      1/17/2015Price change$319,700+91.4%$207/sqft
      Source: Coldwell Banker Schmitt #120242 Report a problem
      1/13/2015Price change$167,000-47.8%$108/sqft
      Source: HomeSearch.com Realty Services Inc #120242 Report a problem
      1/5/2015Price change$319,700+91.4%$207/sqft
      Source: Coldwell Banker Schmitt #120242 Report a problem
      1/1/2015Listed for sale$167,000-64%$108/sqft
      Source: HomeSearch.com Realty Services Inc #120242 Report a problem
      12/5/2014Sold$464,000+45.1%$300/sqft
      Source: Public Record Report a problem
      9/26/2014Price change$319,700+91.4%$207/sqft
      Source: Coldwell Banker Schmitt Real Estate Co. #120242 Report a problem
      9/9/2014Price change$167,000-47.8%$108/sqft
      Source: HomeSearch.com Realty Services Inc #120242 Report a problem
      8/19/2014Listed for sale$319,700+39.6%$207/sqft
      Source: Coldwell Banker Schmitt #120242 Report a problem
      10/12/2004Sold$229,000+40.3%$148/sqft
      Source: FLKMLS #522275 Report a problem
      4/30/2004Sold$163,200+63.2%$106/sqft
      Source: Public Record Report a problem
      9/16/2003Sold$100,000$65/sqft
      Source: Public Record Report a problem

      Public tax history

      YearProperty taxesTax assessment
      2025$5,228 -1.4%$548,680 -4.3%
      2024$5,300 +10.1%$573,104 +30.8%
      2023$4,812 +11.2%$438,056 +10%
      2022$4,326 +8.5%$398,233 +10%
      2021$3,987 -3%$362,030 -2.7%
      2020$4,108 $372,002 +3.7%
      2019$4,108 +2.8%$358,593 -0.8%
      2018$3,995 -2.9%$361,348 -1.8%
      2017$4,113 +0.4%$368,107 +12.3%
      2016$4,095 +6.2%$327,745 +21.9%
      2015$3,854 $268,774

      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

      14 / 100
      Car-Dependent
      17 / 100
      Minimal Transit
      36 / 100
      Somewhat Bikeable

      Nearby schools

      GreatSchools rating

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