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Sold for $900,000
  • $900,000

    618 Ashe St, Key West, FL 33040

    2beds
    1,323sqft
    Multi Family
    Built in 1938
    -- sqft lot
    $896,000 Zestimate®
    $680/sqft
    $5,323 Estimated rent

    Home value

    $896,000

    Estimated sales range

    Not available

    $5,323/mo

    Zestimate® history
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    What's special

    Room for a poolWrap-around deckWide porchTropical foliageSecluded rear spacePeaceful retreatBeautiful tree shaded garden
    This unique property is a rare multi unit in the heart of historic Old Town Key West. The charming front area has a wide porch nestled behind tropical foliage on a quiet street. An outside staircase on the left leads up to a cozy space on the second floor, with a treetop view of a mango tree. A walkway on the right leads to the secluded rear space, with three doors opening to a wrap-around deck facing a beautiful, tree shaded garden, with room for a pool. The garden space offers a peaceful retreat, perfect for relaxation and outdoor gatherings. This property is in an elegant, tranquil neighborhood, a fifteen-minute walk (or five-minute bike ride) from the lively, restaurants, galleries, shops and vibrant attractions centered around Duval street, and Mallory Square's world-famous Sunset Celebration. This exceptional multi unit is ideal for a large family or an investor seeking multiple units. The property has been rented ''as is'' for many years with month-long or longer leases. For the buyer, there is a great opportunity to multiply the value (and potential revenues) of the property with judicious renovations. Property located in the X flood zone.

    Zillow last checked:

    Listing updated:

    Listed by:

    Rick L Lively 305-797-7233,

    Coldwell Banker Schmitt Real Estate Co. (KW),

    Louis M Paez 305-395-1081,

    Coldwell Banker Schmitt Real Estate Co. (KW)

    Bought with:

    Paul Hayes, 628611

    Beach Club Brokers (KW)

    Source: FLKMLS,MLS#: 612893MLS LogoOriginating MLS: Marathon/Lower Keys

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 3
    • Full bathrooms: 3
    Cooling
    • Wall/Window Unit(s), Ceiling Fans(s)
    Appliances
    • Included: YES
    Features
    • Flooring: Other
    • Doors: French Doors
    Interior area
    • Total interior livable area: 1,323 sqft

    Property

    Parking
    • Parking features: Open
    • Has uncovered spaces: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Open Porch/Balcony, Deck
    • Water view: None
    • Waterfront features: None, Dockage: None
    Lot
    • Size: 3,049 sqft
    • Features: Less Than 1/4 Acre
    • Residential vegetation: Fruit Tree(s)
    Details
    • Parcel number: 00010500000000
    • Zoning: HHDR
    • Zoning description: Historic High Density Residential

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Frame
    • Roof: Metal
    Condition
    • Fixer
    • New construction: No
    • Year built: 1938

    Utilities & green energy

    • Sewer: Municipal Sewer, Public Sewer
    • Utilities for property: FKAA

    Community & neighborhood

    Location
    • Region: Key West
    • Subdivision: Old Town - Unrecord (1.0)

    HOA & financial

    HOA
    • Has HOA: No
    • Services included: None

    Other

    Other facts
    • Listing terms: No Seller Finance,Conventional,Cash

    Price history

    DateEventPrice
    4/30/2025Sold$900,000-24.9%$680/sqft
    Source: FLKMLS #612893 Report a problem
    4/9/2025Contingent$1,199,000$906/sqft
    Source: FLKMLS #612893 Report a problem
    4/5/2025Pending sale$1,199,000$906/sqft
    Source: FLKMLS #612893 Report a problem
    3/14/2025Contingent$1,199,000$906/sqft
    Source: Key West AOR #612893 Report a problem
    12/30/2024Listed for sale$1,199,000+280.6%$906/sqft
    Source: MLKAR #612893 Report a problem
    1/14/2000Sold$315,000$238/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,646 +7.3%$794,654 +10%
    2024$8,056 +6.8%$722,413 +10%
    2023$7,543 +15.4%$656,739 +10%
    2022$6,534 +9.5%$597,035 +10%
    2021$5,969 +7.5%$542,759 +10%
    2020$5,554 $493,417 -15.8%
    2019$5,554 +5.8%$586,212 -9.2%
    2018$5,251 -0.8%$645,478 -0.4%
    2017$5,293 +2.8%$647,771 +3.9%
    2016$5,151 +1.2%$623,616 +38.3%
    2015$5,088 $451,062

    Find assessor info on the county website

    Neighborhood: Old Town

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $896,000
    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
    $896,000