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Sold for $2,850,000
  • $2,850,000

    510 Margaret St, Key West, FL 33040

    4beds
    1,968sqft
    Single Family Residence
    Built in 1938
    3,155 Square Feet Lot
    $2,854,400 Zestimate®
    $1,448/sqft
    $7,989 Estimated rent

    Home value

    $2,854,400

    $2.48M - $3.28M

    $7,989/mo

    Zestimate® history
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    What's special

    Verde granite countertopsStunning vaulted great roomLarge wine coolerStriking hardwood floorsThermador stainless appliances
    510 Margaret Street and 3 Scheppens Lane deliver an unparalleled island retreat. Ideally positioned on one of the most coveted streets in the heart of Old Town, this light-filled 4BD/4BA compound offers both comfort and privacy. The beautifully updated 3BD/3BA main residence features restored Dade County Pine walls, striking hardwood floors, Verde granite countertops, Thermador stainless appliances including a large wine cooler, and a stunning vaulted great room. The detached 1BD/1BA guest cottage offers its own full bath, fully equipped kitchen, living room. It can be accessed from its own private lane- ideal for hosting family and friends. Just off the cottage is a private off-street space to accommodate a golf cart. Both homes are designed with entertaining in mind- with bright, open living areas that flow seamlessly to the private backyard oasis, and easy access to a large built-in wine cooler. Outside, a serene pool complete with a stacked-stone waterfall provides the perfect sanctuary for relaxing or entertaining in true Key West style. Don't miss the chance to see this exceptional Old Town property that showcases meticulous renovation, high-end finishes, and historic charm.

    Zillow last checked:

    Listing updated:

    Listed by:

    Brenda J Donnelly 305-304-1116,

    Brenda Donnelly Real Estate LLC

    Bought with:

    Brenda J Donnelly, 3037635

    Brenda Donnelly Real Estate LLC

    Source: FLKMLS,MLS#: 617723MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Freezer, Gas Appliances, Wine Cooler, Stainless Steel Appliance(s)
    Features
    • Built-in Features, Granite Counters, Dade County Pine
    • Flooring: Tile, Wood
    Interior area
    • Total structure area: 1,968
    • Total interior livable area: 1,968 sqft

    Property

    Features
    • Patio & porch: Open Porch/Balcony, Deck
    • Exterior features: Lighting, Outdoor Shower, Water Display
    • Has private pool: Yes
    • Pool features: In Ground, Concrete
    • Fencing: Fenced,Privacy
    Lot
    • Size: 3,155 Square Feet
    Details
    • Additional structures: Guest House
    • Parcel number: 00008220000000 00008240000000
    • Zoning: HHDR - Historic High Density Residential

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Frame
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1938

    Community & HOA

    Community
    • Subdivision: Old Town - Unlisted (1.0)
    HOA
    • Has HOA: No
    • Services included: None
    Location
    • Region: Key West

    Financial & listing details

    • Price per square foot: $1,448/sqft
    • Tax assessed value: $1,922,013
    • Annual tax amount: $16,302
    • Date on market: 12/16/2025
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    4/17/2026Sold$2,850,000-5%$1,448/sqft
    Source: FLKMLS #617723 Report a problem
    4/17/2026Pending sale$2,999,000$1,524/sqft
    Source: FLKMLS #617723 Report a problem
    3/20/2026Contingent$2,999,000$1,524/sqft
    Source: Key West AOR #617723 Report a problem
    2/27/2026Price change$2,999,000-11.7%$1,524/sqft
    Source: FLKMLS #617723 Report a problem
    2/6/2026Price change$3,395,000-5.6%$1,725/sqft
    Source: FLKMLS #617723 Report a problem
    12/16/2025Listed for sale$3,595,000+114.6%$1,827/sqft
    Source: FLKMLS #617723 Report a problem
    1/3/2014Sold$1,675,000-4.2%$851/sqft
    Source: FLKMLS #118642 Report a problem
    9/30/2013Listed for sale$1,749,000+16.7%$889/sqft
    Source: Truman & Co. #118642 Report a problem
    2/1/2013Sold$1,499,000-9.1%$762/sqft
    Source: Agent Provided Report a problem
    10/14/2012Listing removed$1,649,000$838/sqft
    Source: Military For Sale by Owner #26853 Report a problem
    9/1/2012Price change$1,649,000+3.4%$838/sqft
    Source: Military For Sale by Owner #26853 Report a problem
    2/25/2012Price change$1,595,000-3.3%$810/sqft
    Source: Prudential Knight & Gardner Realty #115734 Report a problem
    10/5/2011Listed for sale$1,649,000$838/sqft
    Source: Prudential Knight & Gardner Realty #115410 Report a problem
    4/14/2011Listing removed$1,649,000$838/sqft
    Source: Prudential Knight & Gardner Realty #114492 Report a problem
    3/19/2011Listed for sale$1,649,000+22.1%$838/sqft
    Source: Prudential Knight & Gardner Realty #114492 Report a problem
    5/6/2010Sold$1,350,000-15.6%$686/sqft
    Source: Agent Provided Report a problem
    8/28/2009Listing removed$1,600,000$813/sqft
    Source: NCI #109866 Report a problem
    3/16/2009Price change$1,600,000-19.6%$813/sqft
    Source: NCI #109866 Report a problem
    3/3/2009Price change$1,989,000-9.1%$1,011/sqft
    Source: NCI #109866 Report a problem
    2/14/2009Price change$2,189,000-8.8%$1,112/sqft
    Source: NCI #109866 Report a problem
    12/22/2008Listed for sale$2,400,000+125.4%$1,220/sqft
    Source: NCI #109866 Report a problem
    12/20/2005Sold$1,065,000+129%$541/sqft
    Source: Public Record Report a problem
    10/6/1999Sold$465,000+13185.7%$236/sqft
    Source: Public Record Report a problem
    11/15/1995Sold$3,500$2/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$11,052 +3.5%$1,316,575 +2.9%
    2024$10,675 +1.6%$1,279,471 +3%
    2023$10,508 +4.4%$1,242,205 +3%
    2022$10,061 -2.6%$1,206,025 +3%
    2021$10,325 +1.7%$1,170,899 +1.4%
    2020$10,154 $1,154,733 +2.3%
    2019$10,154 +1.4%$1,128,772 +1.9%
    2018$10,011 -0.1%$1,107,726 +2.1%
    2017$10,025 +0.4%$1,084,943 +2.1%
    2016$9,988 -3.4%$1,062,628 +14.3%
    2015$10,334 $929,477
    Find assessor info on the county website

    Neighborhood: Old Town

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $2,854,400
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $2,854,400