Charming Old Town gem with endless possibilities
Discover a rare opportunity in the heart of Old Town Key West! This property sits on an exceptionally large lot — a true find in this historic neighborhood. With plenty of room to expand, you can create your own island oasis by adding a pool, enlarging the existing home, or even building a separate guest cottage.
Just a short stroll to lively Duval Street, you'll be steps away from world-class dining, art galleries, and live music — all while enjoying the peace and character of a classic Key West street. This home has never before been on the market, making it a truly special offering with incredible potential to customize your dream retreat in paradise.
Sold for $1,100,000
$1,100,000
705 Chapman Ln, Key West, FL 33040
3beds
1,231sqft
Single Family Residence
Built in 1933
5,227 Square Feet Lot
$92,100 Zestimate®
$894/sqft
$4,018 Estimated rent
Home value
$92,100
$82,000 - $103,000
$4,018/mo
Zestimate® history
Owner options
List your home for rent
$4,018/mo
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$4,018/mo
Rent Zestimate®
Refinance and save
$6,705/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$6,705/mo
Est. payment
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List your homeWhat's special
Large lot
Zillow last checked:
Listing updated:
Listed by:
Joanne Tarantino 305-304-2012,
Berkshire Hathaway HomeServices Knight & Gardner Realty
Bought with:
J. Michael Caron, 3157326
Keller Williams Key West Compass Realty
Source: FLKMLS,MLS#: 616947
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Refrigerator
Features
- Dade County Pine
- Flooring: Vinyl, Carpet
Interior area
- Total structure area: 1,231
- Total interior livable area: 1,231 sqft
Property
Features
- Patio & porch: Open Porch/Balcony
- Exterior features: Storage
- Fencing: Fenced
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 00013500000000
- Zoning: HMDR - Historic Medium Density Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Conch
- Property subtype: Single Family Residence
Materials
- Frame
Condition
- Year built: 1933
Community & HOA
Community
- Security: No Security
- Subdivision: Old Town - Unrecord (1.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Key West
Financial & listing details
- Price per square foot: $894/sqft
- Tax assessed value: $1,168,952
- Annual tax amount: $8,606
- Date on market: 10/20/2025
- Listing terms: No Seller Finance,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 4/7/2026 | Pending sale | $1,199,990+9.1%$975/sqft |
Source:  FLKMLS #616947 Report a problem | ||
| 4/6/2026 | Sold | $1,100,000-8.3%$894/sqft |
Source: FLKMLS #616947 Report a problem | ||
| 12/26/2025 | Contingent | $1,199,990$975/sqft |
Source:  Key West AOR #616947 Report a problem | ||
| 12/11/2025 | Price change | $1,199,990-11.1%$975/sqft |
Source: Key West AOR #616947 Report a problem | ||
| 11/1/2025 | Price change | $1,350,000-3.6%$1,097/sqft |
Source: Key West AOR #616947 Report a problem | ||
| 10/20/2025 | Listed for sale | $1,400,000$1,137/sqft |
Source: Key West AOR #616947 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,979 +4.3% | $941,536 +10% |
| 2024 | $8,606 +3.1% | $855,942 +10% |
| 2023 | $8,344 +26.7% | $778,129 +10% |
| 2022 | $6,585 +7.4% | $707,390 +10% |
| 2021 | $6,131 +6.8% | $643,082 +10% |
| 2020 | $5,743 | $584,620 -12.6% |
| 2019 | $5,743 +3.2% | $669,080 -0.3% |
| 2018 | $5,563 +3.1% | $670,814 0% |
| 2017 | $5,394 +3.4% | $670,846 +24.5% |
| 2016 | $5,217 +9.3% | $539,010 +41.8% |
| 2015 | $4,774 | $380,064 |
Find assessor info on the county website
Neighborhood: Bahama Village
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Nearby schools
GreatSchools rating
- 4/10Gerald Adams Elementary SchoolGrades: PK-5Distance: 4.2 mi
- NAMonroe Virtual Instruction ProgramGrades: K-12Distance: 0.9 mi
- 4/10Key West High SchoolGrades: 9-12Distance: 1.7 mi
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Estimated market value
$92,100
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
$92,100
- Florida
- Monroe County
- Key West
- 33040
- Bahama Village
- 705 Chapman Ln
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