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Sold for $1,912,500
  • $1,912,500

    701 Elizabeth St, Key West, FL 33040

    3beds
    1,804sqft
    Single Family Residence
    Built in 1984
    2,738 Square Feet Lot
    $1,918,300 Zestimate®
    $1,060/sqft
    $7,278 Estimated rent

    Home value

    $1,918,300

    $1.78M - $2.07M

    $7,278/mo

    Zestimate® history
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    What's special

    Private suiteGuest bedroomTropical homeCustom heated poolUpdated fixtureStreet parkingGuest bathroom
    701 Elizabeth Street is an iconic, architecturally designed residence located at the highest elevation point in Old Town Key West, also known as Solares Hill. Designed by renowned architect Thomas E. Pope and built in 1984, this tropical home includes a beautifully updated 2-story residence including two bedrooms and two bathrooms, as well as an attached 3-story, one bedroom and one bathroom guest house with soaring 26 foot ceilings. If you anticipate having company, this home may work for you more than you can imagine. The legal three story guest house could serve as an excellent private suite for your company or an income producing rental. Everything is separated from the main part of the house so your company can come and go uninterrupted! Well sited on a corner lot, the exterior features tropical landscaping and lighting, a custom heated pool, IPE decking, an outdoor shower, and off-street parking. Enter the main home to discover an open floor plan highlighted by 10 foot ceilings, Dade County Pine flooring, large windows with louvered shutters, and the living and dining rooms are complete with views of the pool and garden. The open kitchen has custom cabinetry, updated fixture, and a user friendly layout. Just off the kitchen is a guest bathroom as well as a laundry room with its own entrance. Heading upstairs you will find the large primary room boasting 14ft Cathedral ceilings, a wall of windows with tree top views, and an updated primary bathroom. The second floor also includes the light and airy guest bedroom.

    Zillow last checked:

    Listing updated:

    Listed by:

    Team Kaufelt 305-393-1267,

    Truman & Co. (KW)

    Bought with:

    Bascom L Grooms, 647099

    Bascom Grooms Real Estate (KW)

    Source: FLKMLS,MLS#: 603798MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • Central Air, Wall/Window Unit(s), Ceiling Fans(s)
    Appliances
    • Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Disposal, Freezer, Gas Appliances, Wine Cooler, Stainless Steel Appliance(s)
    • Laundry: Laundry Room
    Features
    • Smart Thermostat, Built-in Features, Dade County Pine, Storage, Walk-in Closet(s)
    • Flooring: Wood
    • Attic: Pull Down Stairs
    Interior area
    • Total structure area: 1,804
    • Total interior livable area: 1,804 sqft

    Property

    Features
    • Patio & porch: Deck, Patio
    • Exterior features: Rain Gutters, Lighting, Outdoor Shower, Water Display
    • Has private pool: Yes
    • Pool features: In Ground, Concrete
    • Fencing: Privacy
    Lot
    • Size: 2,738 Square Feet
    Details
    • Additional structures: Shed(s)
    • Parcel number: 00019100000000
    • Zoning: HHDR - Historic High Density Residential
    • Other equipment: Irrigation Equipment

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Frame
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1984

    Utilities & green energy

    • Utilities for property: Water Separate Meter, Elect Separate Meter, Cable Available

    Community & HOA

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

    Financial & listing details

    • Price per square foot: $1,060/sqft
    • Tax assessed value: $1,545,799
    • Annual tax amount: $6,484
    • Date on market: 5/9/2023
    • Listing terms: Cash,Conventional,FHA

    Price history

    DateEventPrice
    11/13/2023Sold$1,912,500-4.4%$1,060/sqft
    Source: FLKMLS #603798 Report a problem
    10/16/2023Pending sale$2,000,000$1,109/sqft
    Source: FLKMLS #603798 Report a problem
    10/4/2023Contingent$2,000,000$1,109/sqft
    Source: FLKMLS #603798 Report a problem
    7/5/2023Price change$2,000,000-13%$1,109/sqft
    Source: FLKMLS #603798 Report a problem
    5/9/2023Listed for sale$2,299,000-8%$1,274/sqft
    Source: FLKMLS #603798 Report a problem
    5/2/2023Contingent$2,499,000$1,385/sqft
    Source: FLKMLS #603798 Report a problem
    1/26/2023Price change$2,499,000-7.4%$1,385/sqft
    Source: FLKMLS #603798 Report a problem
    1/16/2023Listed for sale$2,700,000+200%$1,497/sqft
    Source: Key West AOR #603798 Report a problem
    5/1/2013Sold$900,000$499/sqft
    Source: FLKMLS #117465 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$13,502 -1%$1,545,799 +0.4%
    2024$13,637 +64.8%$1,539,721 +100.5%
    2023$8,277 +24.2%$767,981 +6.2%
    2022$6,666 +2.8%$722,949 +6.1%
    2021$6,485 +7.7%$681,290 +7.6%
    2020$6,021 $633,286 +4.1%
    2019$6,021 +3%$608,596 -1%
    2018$5,844 -2.5%$614,547 +1.4%
    2017$5,991 +1.3%$606,251 +7.1%
    2016$5,912 -0.1%$566,247 -9%
    2015$5,918 $622,401
    Find assessor info on the county website

    Neighborhood: Old Town

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,918,300
    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
    $1,918,300