For sale by owner

$1,995,000

704 Russell Ln, Key West, FL 33040

0beds

0baths

--sqft

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SingleFamily

Built in ----

5,108 Square Feet Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Private poolPark two vehicles off-streetFour bedroomsOutdoor dining deck

Historical and Architectural Review Commission approved plans! This 3,095 square foot residence offers four bedrooms, four and a half baths, and a separate studio/office with loft, ideal for working from paradise or hosting overflow guests. Wraparound porches totaling 337 square feet invite slow mornings with coffee and easy evenings with cocktails, while the outdoor dining deck and private pool turn every day into a staycation. The 5,108 square foot lot lives larger than its footprint suggests, with an additional 1,600 square feet dedicated to parking and turning, a luxury almost unheard of in Old Town. Park two vehicles off-street and never circle the block again.

What the owner loves about this home

704 Russell Lane sits at the highest point in Old Town Key West. Tucked at the end of a quiet lane shared with just one other home, 704 Russell Lane is the rarest find in Key West: a private retreat in the heart of the historic district, sitting proudly above the flood zone at the island’s highest elevation. What sets this property apart is the combination you simply cannot manufacture: a tucked-away location with only one neighbor, elevation that puts your mind at ease year round, and walkability to Duval Street, Mallory Square, and the historic seaport. Properties like this come along once in a generation in Key West. Schedule your private showing before someone else calls 704 Russell Lane home.

44 days

590

33

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 0
Bathrooms: 0

Property

Lot

Size: 5,108 Square Feet

Details

Parcel number: 00006190000100

Construction

Type & style

Home type: SingleFamily

Condition

New construction: No

Community & HOA

Location

Region: Key West

Financial & listing details

Tax assessed value: $1,599,375
Annual tax amount: $7,401
Date on market: 5/22/2026

Estimated market value

Not available

Estimated sales range

Not available

$4,775/mo

Price history

Date	Event	Price
5/22/2026	Listed for sale	$1,995,000+59.7%
Source: Owner Report a problem
1/27/2022	Listing removed	--
Source: FLKMLS #597010 Report a problem
7/26/2021	Listed for sale	$1,249,000
Source: FLKMLS #597010 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,401 +5.7%	$476,828 +10%
2024	$7,003 +14.2%	$433,480 +10%
2023	$6,135 +20.9%	$394,073 +10%
2022	$5,076 +71.3%	$358,248 +10%
2021	$2,963	$325,680

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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.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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