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.
For sale by owner
$1,995,000
704 Russell Ln, Key West, FL 33040
0beds
0baths
--sqft
SingleFamily
Built in ----
5,108 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Private poolPark two vehicles off-streetFour bedroomsOutdoor dining deck
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.
- 135 days
- 573
- 38
Listed by:
Property Owner (603) 504-5026
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
$4,955/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/29/2026 | Listed for sale | $1,995,000 |
Source: Owner Report a problem | ||
| 8/21/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 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 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Historic Seaport
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