Sold for $1,225,000

$1,225,000

724 Simonton St, Key West, FL 33040

2beds

1,100sqft

Single Family Residence

Built in 1918

1,742 Square Feet Lot

$1,212,700 Zestimate^®

$1,114/sqft

$4,450 Estimated rent

Home value

$1,212,700

$1.13M - $1.30M

$4,450/mo

Zestimate^® history

Owner options

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$4,450/mo

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$4,450/mo

Rent Zestimate^®

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$7,490/mo

Est. payment

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$7,490/mo

Est. payment

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What's special

Coastal modern furnishingsVintage woodworkClean linesCozy cottageKey west porchGreat cooks kitchenFrench doors

Historical Cigar Cottage Built in 1908 in the center of Old Town Key West. Recently enhanced with coastal modern furnishings by a renowned designer, boasting clean lines and vintage woodwork. This cozy cottage has a typical Key West porch where you can sit and people watch. There are 2 bedroom with 2 bathrooms, one up and one down and a great cooks kitchen in the center of the main floor. French doors lead to very private romantic backyard setting. This home is in a transient receivership location. If you are looking for an monthly income property, look no further and if you are able to acquire a transient license you will have home a home run. Estimated non-owner occupancy after the first year 203,892 and 109,500 with owner occupancy during peak months.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Appliances

Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Microwave, Stainless Steel Appliance(s)

Interior area

Total structure area: 1,100
Total interior livable area: 1,100 sqft

Property

Lot

Size: 1,742 Square Feet

Details

Parcel number: 00015790000000
Zoning: HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med

Construction

Type & style

Home type: SingleFamily
Architectural style: Cigar Maker
Property subtype: Single Family Residence

Materials

Frame

Condition

Year built: 1918

Community & HOA

Community

Subdivision: Old Town - Unlisted (1.0)

HOA

Has HOA: No
Services included: None

Location

Region: Key West

Financial & listing details

Price per square foot: $1,114/sqft
Tax assessed value: $1,031,916
Annual tax amount: $4,519
Date on market: 6/9/2023

Price history

Date	Event	Price
10/19/2023	Sold	$1,225,000-5.4%$1,114/sqft
Source: FLKMLS #605609 Report a problem
9/28/2023	Pending sale	$1,295,000$1,177/sqft
Source: FLKMLS #605609 Report a problem
9/5/2023	Contingent	$1,295,000$1,177/sqft
Source: FLKMLS #605609 Report a problem
6/9/2023	Listed for sale	$1,295,000+71.1%$1,177/sqft
Source: FLKMLS #605609 Report a problem
3/3/2006	Sold	$757,000+165.6%$688/sqft
Source: FLKMLS #95621 Report a problem
7/6/2001	Sold	$285,000+21.3%$259/sqft
Source: Public Record Report a problem
5/26/1999	Sold	$235,000+10.8%$214/sqft
Source: Public Record Report a problem
10/2/1998	Sold	$212,000$193/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,855 +4.5%	$568,213 +2.9%
2024	$4,645 -9.8%	$552,200 +10.9%
2023	$5,152 +14%	$497,893 +10%
2022	$4,520 +12.1%	$452,630 +10%
2021	$4,031 +0.3%	$411,482 -0.1%
2020	$4,019	$411,876 +0.6%
2019	$4,019 -0.2%	$409,480 +8.4%
2018	$4,028 +5.6%	$377,600 +6.9%
2017	$3,813 +5.2%	$353,116 +11.3%
2016	$3,625 +3.9%	$317,277 -0.5%
2015	$3,490	$318,779