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.
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
$1,944,500 Zestimate®
$1,060/sqft
$6,686 Estimated rent
Home value
$1,944,500
$1.79M - $2.12M
$6,686/mo
Zestimate® history
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$6,686/mo
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$11,463/mo
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Private suiteGuest bedroomTropical homeCustom heated poolUpdated fixtureStreet parkingGuest bathroom
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#: 603798
Originating MLS: Key West Association
Originating MLS: Key West AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Electric, Separate Meters, Propane
Cooling
- Central Air, Ceiling Fans(s), Wall/Window Unit(s)
Appliances
- Included: Washer, Stainless Steel Appliance(s), Wine Cooler, Gas Appliances, Freezer, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
- Laundry: Laundry Room
Features
- Cathedral Ceiling(s), Built-in Cabinets, Walk-In Closet(s), Storage, Dade County Pine, Pantry
- Flooring: Wood
- Doors: Impact Rstnce Doors, French Doors
- Windows: Window Treatments, Single Hung Windows, Wood Frames, Panel
- Attic: Pull Down Stairs
Interior area
- Total interior livable area: 1,804 sqft
Property
Parking
- Parking features: Off Street
Features
- Patio & porch: Deck, Patio
- Exterior features: Rain Gutters, Water Display, Sprinkler System, Outdoor Shower, Lighting
- Has private pool: Yes
- Pool features: Heated, In Ground, Concrete
- Fencing: Privacy
- Water view: None
- Waterfront features: None, Dockage: None
Lot
- Size: 2,738 sqft
- Features: Less Than 1/4 Acre
Details
- Additional structures: Shed(s)
- Parcel number: 00019100000000
- 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: 1984
Utilities & green energy
- Electric: Elect Separate Meter
- Sewer: Municipal Sewer, Public Sewer
- Water: Water Separate Meter
- Utilities for property: Propane, Cable Available, Buyer to Verify, Cable Connected
Green energy
- Energy efficient items: Thermostat
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Beach, Bike Paths
Location
- Region: Key West
- Subdivision: Old Town - Unrecord (1.0)
HOA & financial
HOA
- Has HOA: No
- Services included: None
Other
Other facts
- Listing terms: Cash,FHA,VA Loan,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 11/13/2023 | Sold | $1,912,500-4.4%$1,060/sqft |
Source:  FLKMLS #603798 Report a problem | ||
| 10/16/2023 | Pending sale | $2,000,000$1,109/sqft |
Source: FLKMLS #603798 Report a problem | ||
| 10/4/2023 | Contingent | $2,000,000$1,109/sqft |
Source: FLKMLS #603798 Report a problem | ||
| 7/5/2023 | Price change | $2,000,000-13%$1,109/sqft |
Source: FLKMLS #603798 Report a problem | ||
| 5/9/2023 | Listed for sale | $2,299,000-8%$1,274/sqft |
Source: FLKMLS #603798 Report a problem | ||
| 5/2/2023 | Contingent | $2,499,000$1,385/sqft |
Source: FLKMLS #603798 Report a problem | ||
| 1/26/2023 | Price change | $2,499,000-7.4%$1,385/sqft |
Source: FLKMLS #603798 Report a problem | ||
| 1/16/2023 | Listed for sale | $2,700,000+200%$1,497/sqft |
Source:  Key West AOR #603798 Report a problem | ||
| 5/1/2013 | Sold | $900,000$499/sqft |
Source: FLKMLS #117465 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
- 3/10Horace O'bryant SchoolGrades: PK-8Distance: 0.8 mi
- 4/10Key West High SchoolGrades: 9-12Distance: 1.4 mi
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Estimated market value
$1,944,500
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
$1,944,500
- Florida
- Monroe County
- Key West
- 33040
- Old Town
- 701 Elizabeth St
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