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Sold for $3,700,000
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  • $3,700,000

    508 Margaret St, Key West, FL 33040

    5beds
    2,146sqft
    Single Family Residence
    Built in 1915
    4,791.6 Square Feet Lot
    $3,636,300 Zestimate®
    $1,724/sqft
    $7,557 Estimated rent

    Home value

    $3,636,300

    $3.35M - $3.96M

    $7,557/mo

    Zestimate® history
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    What's special

    When location matters most, look no further. Located on one of the most sought-after blocks in Old Town, Key West. Recently renovated from top to bottom and complete with high end finishes, this spacious five bedroom and three and a half bathroom property sets the bar for quality and style in the Historic District of Key West. With a perfect fusion of luxury and island-style living, this impressive residence offers spacious manicured grounds, a front porch with second-level balcony, tropical landscaping and a private pool. A covered, outdoor bar equipped with sink, ice maker and beverage cooler, sits adjacent to the pool area, complete with bar-top seating -- perfect for entertaining guests or gathering for watching the big game. Stepping inside the front door you will find hardwood floors throughout, and an entryway leading you towards a beautiful high end kitchen overlooking the resort-like backyard. The chef's kitchen is equipped with top-of-the-line stainless steel appliances, custom cabinetry, stone countertops, and a waterfall style kitchen island. You won't miss the Phillip Jeffries wall coverings in the living room, dining area, as well as the powder room! There are two guest bedrooms on the first floor. Upstairs, the luxurious master suite offers a spa-like bathroom and private outdoor access to a large balcony overlooking the backyard pool area. There are two additional guest bedrooms on the second floor as well as separate laundry area and a beautiful balcony overlooking historic Margaret Street. With its desirable location just a few blocks to Duval Street and the Historic Seaport area, luxurious amenities, and inviting atmosphere, this beautiful home is sure to be the envy of the neighborhood.

    Zillow last checked:

    Listing updated:

    Listed by:

    Saltwater Group 305-363-9665,

    Saltwater Real Estate Florida Keys, Inc

    Bought with:

    Tammy Stiles, 3312592

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    Source: FLKMLS,MLS#: 608625MLS LogoOriginating MLS: Key West Association

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Cooling
    • Ductless
    Appliances
    • Included: Washer, Stainless Steel Appliance(s), Wine Cooler, Gas Appliances, Microwave, Oven, Refrigerator, Dishwasher, Dryer
    • Laundry: Laundry Room
    Features
    • Tray Ceiling(s), Dade County Pine, Walk-In Closet(s), Wet Bar
    • Flooring: Tile, Wood
    • Windows: Drapes/Blinds Incl, Window Treatments, Other
    • Furnished: Yes
    Interior area
    • Total interior livable area: 2,146 sqft

    Property

    Parking
    • Parking features: Off Street
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck, Roof Top Deck
    • Exterior features: Bar, Outdoor Shower, Rain Gutters
    • Has private pool: Yes
    • Pool features: In Ground, Concrete
    • Water view: None
    • Waterfront features: None, Dockage: None
    Lot
    • Size: 4,791 sqft
    • Features: Less Than 1/4 Acre
    Details
    • Additional structures: Detached Guest Qtrs, Gazebo
    • Parcel number: 00008250000000
    • Zoning: HHDR
    • Zoning description: Historic High Density Residential
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Frame
    • Roof: Metal
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1915

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: FKAA, Propane, Cable Available

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s)
    Location
    • Region: Key West
    • Subdivision: Old Town - Unlisted (1.0)

    HOA & financial

    HOA
    • Has HOA: No
    • Services included: None

    Other

    Other facts
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    3/5/2024Sold$3,700,000-7.5%$1,724/sqft
    Source: FLKMLS #608625 Report a problem
    3/4/2024Contingent$3,999,000$1,863/sqft
    Source: Key West AOR #608625 Report a problem
    2/8/2024Listed for sale$3,999,000$1,863/sqft
    Source: Key West AOR #608625 Report a problem
    2/5/2024Listing removed--
    Source: FLKMLS #606987 Report a problem
    12/24/2023Price change$3,999,000-7%$1,863/sqft
    Source: Key West AOR #606987 Report a problem
    10/11/2023Listed for sale$4,300,000+126.3%$2,004/sqft
    Source: Key West AOR #606987 Report a problem
    6/7/2022Sold$1,900,000+406.7%$885/sqft
    Source: FLKMLS #601298 Report a problem
    4/22/1994Sold$375,000$175/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$24,287 +22.6%$2,884,186 +23.2%
    2024$19,813 +8.5%$2,341,582 +10%
    2023$18,267 +205%$2,128,711 +198.7%
    2022$5,990 -2.3%$712,686 +3%
    2021$6,131 +1.7%$691,929 +1.4%
    2020$6,029 $682,376 +2.3%
    2019$6,029 +1.5%$667,035 +1.9%
    2018$5,941 0%$654,598 +2.1%
    2017$5,942 +0.4%$641,135 +2.1%
    2016$5,917 -3.2%$627,949 +0.7%
    2015$6,110 $623,584

    Find assessor info on the county website

    Neighborhood: Old Town

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $3,636,300
    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
    $3,636,300