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For sale
  • $1,800,000

    511 Tabby Ln, Key West, FL 33040

    3beds
    1,368sqft
    : 
    $10,284/mo
    Get pre-qualified
    Single Family Residence
    Built in 1913
    4,356 Square Feet Lot
    $1,739,000 Zestimate®
    $1,316/sqft
    $-- HOA

    What's special

    Lush gardensOutdoor entertaining areasExpansive lot
    Steeped in Key West history and unlike anything else available in Old Town, 511 Tabby Lane presents an opportunity to own one of the island's most extraordinary properties. Hidden away at the end of a charming pedestrian lane with direct access to iconic Duval Street, this remarkably private home offers a level of seclusion and potential that is virtually impossible to replicate. Rich in character and history, the property sits on an exceptionally deep 4,200-square-foot lot, a rarity in Old Town. There is simply no other property currently available that offers this combination of privacy, location, and land. The expansive lot provides endless possibilities, with ample space for a pool, pool house, guest quarters, lush gardens, outdoor entertaining areas, and more while still preserving the home's unique Old Town charm. Completely hidden from view behind a gated entrance, the property feels like a private tropical sanctuary in the heart of Key West. Whether you envision thoughtfully restoring the existing residence or creating a one-of-a-kind island compound, the possibilities are exceptional. The structure is believed to be a non-contributing building with HARC (buyer to verify), offering additional flexibility for future improvements. Adding to its rarity, the property is zoned for Transient License Receivership (buyer to verify), making it an incredibly attractive opportunity for investors, developers, or anyone seeking a truly unique Old Town residence. Properties of this caliber and significance rarely become available. 511 Tabby Lane represents a chance to own a piece of Key West history while creating something that future generations will treasure. This is Old Town at its most authentic--and an opportunity that simply cannot be duplicated.
    9 days
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    786
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    19
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    Zillow last checked:

    Listing updated:

    Listed by:

    Paige Bethel 305-395-0550,

    Island Home Realty Inc.

    Source: FLKMLS,MLS#: 620880MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 1
      • Full bathrooms: 1
      Appliances
      • Included: Refrigerator, Oven
      Interior area
      • Total structure area: 1,368
      • Total interior livable area: 1,368 sqft

      Property

      Features
      • Exterior features: Fruit Tree(s)
      • Fencing: Privacy
      Lot
      • Size: 4,356 Square Feet
      • Dimensions: 40 X 105
      Details
      • Parcel number: 00015770000000
      • Zoning: HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Conch
      • Property subtype: Single Family Residence
      Materials
      • Frame
      Condition
      • Year built: 1913

      Community & HOA

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

      Financial & listing details

      • Price per square foot: $1,316/sqft
      • Tax assessed value: $1,295,574
      • Annual tax amount: $8,330
      • Date on market: 8/5/2026

        Estimated market value

        $1,739,000

        $1.65M - $1.83M

        $4,217/mo

        Price history

        DateEventPrice
        8/5/2026Listed for sale$1,800,000-5.3%$1,316/sqft
        Source: FLKMLS #620880 Report a problem
        8/1/2026Listing removed$1,900,000$1,389/sqft
        Source: Key West AOR #615688 Report a problem
        7/7/2025Listed for sale$1,900,000-5%$1,389/sqft
        Source: Key West AOR #615688 Report a problem
        7/1/2025Listing removed$1,999,999$1,462/sqft
        Source: Key West AOR #610245 Report a problem
        6/3/2024Listed for sale$1,999,999$1,462/sqft
        Source: Key West AOR #610245 Report a problem
        6/1/2024Listing removed--
        Source: FLKMLS #605217 Report a problem
        2/16/2024Price change$1,999,999-4.8%$1,462/sqft
        Source: FLKMLS #605217 Report a problem
        11/10/2023Price change$2,100,000-16%$1,535/sqft
        Source: FLKMLS #605217 Report a problem
        5/8/2023Listed for sale$2,500,000$1,827/sqft
        Source: Key West AOR #605217 Report a problem
        5/7/2023Listing removed--
        Source: FLKMLS #603799 Report a problem
        1/16/2023Listed for sale$2,500,000$1,827/sqft
        Source: Key West AOR #603799 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$8,331 +6.4%$916,154 +8.2%
        2024$7,827 +11.8%$846,642 +11.8%
        2023$6,998 +18.9%$757,235 +8.7%
        2022$5,887 +3.6%$696,380 +8.7%
        2021$5,684 +0.8%$640,824 +0.5%
        2020$5,639 $637,814 +0.8%
        2019$5,639 +0.8%$632,959 +9.9%
        2018$5,593 +6.9%$576,053 +0.4%
        2017$5,234 -0.1%$573,683 +10.2%
        2016$5,240 +3.4%$520,397 +3.3%
        2015$5,065 $503,903
        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.
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        Climate risks

        Neighborhood: Duvall Street

        Getting around

        96 / 100
        Walker's Paradise
        28 / 100
        Some Transit
        89 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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