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Sold for $1,400,000
  • $1,400,000

    708 Bakers Ln, Key West, FL 33040

    1beds
    684sqft
    Single Family Residence
    Built in 1972
    4,791.6 Square Feet Lot
    $1,402,200 Zestimate®
    $2,047/sqft
    $3,326 Estimated rent

    Home value

    $1,402,200

    $1.23M - $1.60M

    $3,326/mo

    Zestimate® history
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    $8,477/mo

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    What's special

    Generous size lotHigh elevation
    Positioned on a rare 5000 Sq Ft. lot at one of the highest natural elevations on the Island, this property represents an exceptional opportunity in the heart of Old Town Key West - where location is everything.Set beneath a canopy of established trees, the site offers shade, privacy and a sense of timeless Old Town Character that is increasingly hard to find.Currently improved with a livable one-bedroom, one bath residence, the true value lies in the land itself. The existing structure provides flexibility - whether as a holding asset, future redevelopment or new build - allowing the next owner to capitalize on one of the most desirable settings in Key West.A full 10 out of 10 walkability Score, steps from world class dining, renowned live music cafes, galleries and the vibrant cultural fabric that defines the Island Lifestyle. A leisurely four minute walk to Duval St. underscores the property's unmatched proximity while maintaining a quieter, more refined residential feel.Opportunities of this caliber, high elevation, generous size lot, premier walkability and a blue chip location - are exceedingly rare. 708 Bakers Lane is a property for the discerning buyer who recognises that in Key West, land in the right spot is the ultimate luxury investment.

    Zillow last checked:

    Listing updated:

    Listed by:

    Suzanne M Moore 305-797-0699,

    Suzanne Moore Real Estate

    Bought with:

    Elaine S Coyle, 704304

    Keller Williams Key West Compass Realty

    Source: FLKMLS,MLS#: 618002MLS LogoOriginating MLS: Key West Association

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    Appliances
    • Included: Refrigerator, Microwave, Oven, Range
    Features
    • Windows: Jalousie Windows
    Interior area
    • Total interior livable area: 684 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Off Street
    Features
    • Levels: One,Ground Level
    • Stories: 1
    • Water view: None
    • Waterfront features: None, Dockage: None
    Lot
    • Size: 4,791 sqft
    • Features: Less Than 1/4 Acre
    Details
    • Parcel number: 00011910000000
    • Zoning: HDR
    • Zoning description: High Density Residential

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • CBS
    Condition
    • Fixer
    • New construction: No
    • Year built: 1972

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: FKAA

    Community & neighborhood

    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

    DateEventPrice
    4/2/2026Sold$1,400,000-6.4%$2,047/sqft
    Source: FLKMLS #618002 Report a problem
    4/2/2026Pending sale$1,495,000$2,186/sqft
    Source: FLKMLS #618002 Report a problem
    2/22/2026Contingent$1,495,000$2,186/sqft
    Source: FLKMLS #618002 Report a problem
    1/8/2026Listed for sale$1,495,000+25.1%$2,186/sqft
    Source: Key West AOR #618002 Report a problem
    8/1/2022Sold$1,195,000+20.1%$1,747/sqft
    Source: FLKMLS #602362 Report a problem
    9/6/2021Listing removed--
    Source: Key West AOR Report a problem
    5/26/2021Listed for sale$995,000$1,455/sqft
    Source: FLKMLS #595883 Report a problem
    5/11/2021Contingent$995,000$1,455/sqft
    Source: FLKMLS #595883 Report a problem
    5/2/2021Listed for sale$995,000$1,455/sqft
    Source: Key West AOR #595883 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,830 +3%$1,126,514 +2.3%
    2024$9,546 -28.1%$1,101,100 -28.1%
    2023$13,277 +56.3%$1,531,947 +57.1%
    2022$8,494 +31.8%$975,038 +41.9%
    2021$6,444 +1.5%$687,026 +1.2%
    2020$6,349 $678,632 -0.2%
    2019$6,349 -1%$679,882 +2.1%
    2018$6,411 +0%$665,870 -0.2%
    2017$6,410 -1.2%$667,119 +11.2%
    2016$6,486 +4%$599,688 -10.3%
    2015$6,234 $668,826

    Find assessor info on the county website

    Neighborhood: Old Town

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,402,200
    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
    $1,402,200