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Sold for $1,675,000
  • $1,675,000

    718 Bakers Ln, Key West, FL 33040

    3beds
    1,714sqft
    Single Family Residence
    Built in 1933
    2,613.6 Square Feet Lot
    $1,713,500 Zestimate®
    $977/sqft
    $6,788 Estimated rent

    Home value

    $1,713,500

    $1.53M - $1.94M

    $6,788/mo

    Zestimate® history
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    What's special

    Step into 718 Bakers Lane, where historic charm seamlessly blends with modern luxury in the heart of Old Town. This beautiful historic home, affectionately known as 'The Johnny Cake House' holds a rich legacy dating back to the early 1920s where locals frequented for fresh baked goods.Situated at the end of a quiet lane at the highest elevation on the island (x flood zone) , 718 Bakers Lane provides the perfect retreat from the hustle and bustle, yet it's just moments away from all that Old Town has to offer; quaint shops, gourmet dining, and vibrant nightlife.This meticulously renovated home offers the perfect blend of historic charm and convenience, dripping in highly coveted dade county pine. The first floor features two bedrooms with a jack and jill bathroom, a dedicated laundry room with half bath and a chefs kitchen with a new downdraft gas range and quartz countertops, ready for your culinary adventures. The second floor hosts a spacious bedroom with high ceilings and an en suite bathroom, walk in closet and private rooftop terrace. Enjoy brand new split AC units, and a whole-house generator for peace of mind. But it's not just about the interiors, this property invites you to embrace the outdoors. Impact french doors open up to a private wooden deck with room for a pool.Sip your morning coffee on the tranquil porch or unwind in the privacy of your patio. Fruit trees surround the home, providing the best mangos and avocados Key West has to offer. The structure is secure with 11 new house piers. Plenty of outdoor storage with a shed fastened to a concrete pad. To round it off, an electric vehicle charging station has been installed for added convenience. Whether you're seeking a historic gem or a prime investment opportunity, this is the place to be. Don't miss your chance to own a piece of history in paradise. Make 718 Bakers Lane your forever home!

    Zillow last checked:

    Listing updated:

    Listed by:

    Paige Bethel 305-395-0550,

    Island Home Realty Inc.

    Bought with:

    The Watkins Group, 513929

    Keller Williams Key West Compass Realty

    Source: FLKMLS,MLS#: 609775MLS LogoOriginating MLS: Key West Association

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Cooling
    • Ductless
    Appliances
    • Included: Washer, Stainless Steel Appliance(s), Gas Appliances, Oven, Range, Refrigerator, Dishwasher, Dryer
    • Laundry: Laundry Room
    Features
    • Pantry, Built-in Cabinets, Walk-In Closet(s)
    • Flooring: Tile, Wood
    • Doors: Impact Rstnce Doors
    • Windows: Wood Frames, Impact Rstnce Window, Other Windows/Doors
    Interior area
    • Total interior livable area: 1,714 sqft

    Property

    Accessibility
    • Accessibility features: None
    Features
    • Patio & porch: Open Porch/Balcony, Deck
    • Exterior features: Rain Gutters
    • Fencing: Fenced
    • Water view: None
    • Waterfront features: None, Dockage: None
    Lot
    • Size: 2,613 sqft
    • Features: Less Than 1/4 Acre
    • Residential vegetation: Fruit Tree(s)
    Details
    • Additional structures: Shed(s)
    • Parcel number: 00011650000000
    • Zoning: HHDR
    • Zoning description: Historic High Density Residential

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Conch
    • Property subtype: Single Family Residence
    Materials
    • Frame
    • Roof: Metal
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1933

    Utilities & green energy

    • Electric: Generator
    • Sewer: Municipal Sewer, Public Sewer
    • Utilities for property: FKAA, Propane, Cable Available, Buyer to Verify

    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,Conventional

    Price history

    DateEventPrice
    10/26/2025Listing removed$1,850,000$1,079/sqft
    Source: FLKMLS #616442 Report a problem
    9/11/2025Listed for sale$1,850,000+10.4%$1,079/sqft
    Source: Key West AOR #616442 Report a problem
    11/20/2024Sold$1,675,000-4.3%$977/sqft
    Source: FLKMLS #609775 Report a problem
    10/8/2024Contingent$1,750,000$1,021/sqft
    Source: FLKMLS #609775 Report a problem
    7/24/2024Price change$1,750,000-5.4%$1,021/sqft
    Source: FLKMLS #609775 Report a problem
    6/3/2024Price change$1,850,000-7.3%$1,079/sqft
    Source: FLKMLS #609775 Report a problem
    5/13/2024Price change$1,995,000-5%$1,164/sqft
    Source: FLKMLS #609775 Report a problem
    4/29/2024Listed for sale$2,099,000+35.4%$1,225/sqft
    Source: FLKMLS #609775 Report a problem
    7/25/2022Sold$1,550,000-2.8%$904/sqft
    Source: FLKMLS #601305 Report a problem
    6/17/2022Contingent$1,595,000$931/sqft
    Source: Key West AOR #601305 Report a problem
    6/7/2022Listed for sale$1,595,000+270.9%$931/sqft
    Source: FLKMLS #601305 Report a problem
    11/15/2007Sold$430,000$251/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$10,505 +3.2%$1,140,021 +1.8%
    2024$10,184 -19.2%$1,120,389 -19.8%
    2023$12,610 +36.9%$1,396,448 +38.6%
    2022$9,209 +21.3%$1,007,562 +17.3%
    2021$7,594 -1.3%$859,024 +3.1%
    2020$7,698 $833,052 +1.2%
    2019$7,698 +4.6%$823,062 +18.2%
    2018$7,360 $696,220 -1.2%
    2017-- $704,845 -9.5%
    2016$6,876 -7.1%$778,861 +6%
    2015$7,401 $734,650

    Find assessor info on the county website

    Neighborhood: Old Town

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,713,500
    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
    $1,713,500