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Under contract
    • Price cut: $25K (8/20)
    $750,000

    508 Louisa St APT 3, Key West, FL 33040

    2beds
    712sqft
    : 
    $5,537/mo
    Get pre-qualified
    Condominium
    Built in 1933
    -- sqft lot
    $711,800 Zestimate®
    $1,053/sqft
    $600/mo HOA

    What's special

    Private balconySpacious bedroomsTropical breezeWell-appointed bathrooms
    TRANSIENT LICENCE RECEIVERSHIP ZONE! Welcome to your slice of paradise in Key West! This charming 2-bedroom, 2-bathroom condo located just steps from Duval Street offers an incredible opportunity. Currently utilized as an income-producing vacation rental, this home presents the perfect blend of comfort and convenience. Nestled in the heart of Key West, this condo boasts proximity to renowned attractions, vibrant restaurants, and the lively energy of Duval Street, ensuring endless entertainment options for residents and guests alike. Just a few blocks away lies Key West's South Beach, where sun-soaked days and breathtaking sunrises await. The interior of this inviting condo features two spacious bedrooms, providing ample room for relaxation and rejuvenation after a day of exploring the island. The well-appointed bathrooms offer both style and functionality, catering to the needs of residents and visitors. Whether you're lounging on the private balcony, enjoying the tropical breeze, or venturing out to experience the vibrant culture of Key West, this condo offers the quintessential island lifestyle. Don't miss your chance to own a piece of paradise and capitalize on the flourishing vacation rental market in this coveted location. Seize this opportunity to invest in Key West living at its finest. Schedule your showing today and envision the endless possibilities that await in this delightful condo just steps from Duval Street!
    123 days
    557
    18

    Zillow last checked:

    Listing updated:

    Listed by:

    Paul Brooks 828-674-6137,

    Compass Florida, LLC,

    Miriam Novotny 305-942-9684,

    Compass Florida, LLC

    Source: FLKMLS,MLS#: 620157MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Cooling
      • Central Air, Ceiling Fans(s)
      Appliances
      • Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Stainless Steel Appliance(s)
      Features
      • Granite Counters
      • Flooring: Wood, Carpet
      • Furnished: Yes
      Interior area
      • Total structure area: 712
      • Total interior livable area: 712 sqft

      Property

      Features
      • Patio & porch: Open Porch/Balcony
      Details
      • Parcel number: 00028910000103
      • Zoning: HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      Materials
      • Frame
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1933

      Community & HOA

      Community
      • Subdivision: Old Town - Unlisted (1.0)
      HOA
      • Has HOA: Yes
      • Services included: Maintenance Structure, Insurance, Common Area Mnt
      • HOA fee: $600 monthly
      Location
      • Region: Key West

      Financial & listing details

      • Price per square foot: $1,053/sqft
      • Tax assessed value: $675,933
      • Annual tax amount: $6,123
      • Date on market: 6/4/2026
      • Listing terms: Cash,Conventional,FHA

        Estimated market value

        $711,800

        $676,000 - $747,000

        $3,344/mo

        Price history

        DateEventPrice
        9/28/2026Contingent$750,000$1,053/sqft
        Source: FLKMLS #620157 Report a problem
        8/20/2026Price change$750,000-3.2%$1,053/sqft
        Source: FLKMLS #620157 Report a problem
        7/6/2026Price change$775,000-7.6%$1,088/sqft
        Source: FLKMLS #620157 Report a problem
        6/4/2026Listed for sale$839,000-0.7%$1,178/sqft
        Source: FLKMLS #620157 Report a problem
        6/1/2026Listing removed$845,000$1,187/sqft
        Source: FLKMLS #617669 Report a problem
        5/7/2026Price change$845,000-1.2%$1,187/sqft
        Source: FLKMLS #617669 Report a problem
        2/13/2026Price change$855,000-1.2%$1,201/sqft
        Source: Key West AOR #617669 Report a problem
        12/11/2025Listed for sale$865,000$1,215/sqft
        Source: Key West AOR #617669 Report a problem
        5/1/2025Listing removed$865,000$1,215/sqft
        Source: FLKMLS #612141 Report a problem
        11/7/2024Listed for sale$865,000$1,215/sqft
        Source: Key West AOR #612141 Report a problem
        9/9/2024Listing removed$865,000$1,215/sqft
        Source: FLKMLS #610742 Report a problem
        7/12/2024Listed for sale$865,000-3.4%$1,215/sqft
        Source: FLKMLS #610742 Report a problem
        7/10/2024Listing removed--
        Source: Key West AOR #608653 Report a problem
        3/1/2024Price change$895,000-1.6%$1,257/sqft
        Source: FLKMLS #608653 Report a problem
        2/9/2024Listed for sale$910,000+27.3%$1,278/sqft
        Source: FLKMLS #608653 Report a problem
        3/30/2022Listing removed--
        Source: Zillow Rental Manager Report a problem
        3/1/2022Listed for rent$4,500$6/sqft
        Source: Zillow Rental Manager Report a problem
        2/18/2022Sold$715,000-4.7%$1,004/sqft
        Source: FLKMLS #598235 Report a problem
        1/21/2022Contingent$750,000$1,053/sqft
        Source: FLKMLS #598235 Report a problem
        10/25/2021Listed for sale$750,000+25.2%$1,053/sqft
        Source: FLKMLS #598235 Report a problem
        6/3/2005Sold$599,000$841/sqft
        Source: FLKMLS #94006 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,124 +1.3%$675,933
        2024$6,045 -1.2%$675,933
        2023$6,119 +28.1%$675,933 +34.1%
        2022$4,777 +6.8%$504,187 +10%
        2021$4,472 +5.7%$458,352 +10%
        2020$4,231 $416,684 -7.7%
        2019$4,231 +5.8%$451,645
        2018$4,001 +3.3%$451,645
        2017$3,873 +3.4%$451,645
        2016$3,747 -0.2%$451,645 +50%
        2015$3,755 $301,176
        Find assessor info on the county website

        Monthly payment

        Est. payment

        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.
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        Climate risks

        Neighborhood: Upper Duvall

        Getting around

        93 / 100
        Walker's Paradise
        28 / 100
        Some Transit
        81 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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