Your Old Town Key West dream can start now -- with income built in. This exceptional 2-bedroom, 2.5-bath, townhouse-style condo offers a rare combination of Old Town lifestyle, flexible living space, and income-producing potential.
Currently configured with a lock-off 1-bedroom apartment, the property offers an ideal opportunity for the future Key West homeowner: enjoy the larger 1 Bedroom, 1.5 Bath unit with private garden/patio as your own Key West retreat while the lock-off apartment provides substantial annual rental income. When the time comes to make Key West your full-time home, the property can be easily converted back to its original spacious 2-bedroom townhouse-style layout.
A private gated entry opens to your own generous outdoor oasis, complete with a waterfall pond, large patio, and charming ''she-shed'' -- perfect for storage, an art studio, or entertaining. Inside, you'll find high ceilings, abundant natural light, generous storage, in-unit washer/dryers, and newer stainless-steel appliances.
Just two blocks from Duval Street in the heart of Old Town's vibrant Bahama Village, you're surrounded by restaurants, galleries, shops, nightlife, and countless Key West attractions -- all within easy walking distance.
Whether you're ready for a Key West home now or envision making the island your full-time home in the future, this is a rare opportunity to own your piece of Old Town, enjoy income along the way, and ultimately create the spacious Key West home you've been dreaming of.
Some seller financing considered. Seller is a Florida Licensed Realtor.
Photos 10-17 show Original Layout, 18=FloorPlan, 19-37 show Back Unit, 38-49 show Front Lock-Off Apt.
For sale
$1,169,000
927 Thomas St APT 1, Key West, FL 33040
2beds
1,124sqft
Condominium
Built in 1908
-- sqft lot
$-- Zestimate®
$1,040/sqft
$780/mo HOA
What's special
Abundant natural lightWaterfall pondHigh ceilingsGenerous storageGenerous outdoor oasisLarge patioPrivate gated entry
- 3 days
- 268
- 6
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Michelle Blades 305-394-4750,
Realty Executives Florida Keys Old Town
Source: FLKMLS,MLS#: 621479
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Gas Appliances, Stainless Steel Appliance(s)
Features
- Built-in Features, Storage, Bar
- Flooring: Tile, Wood, Laminate
Interior area
- Total structure area: 1,124
- Total interior livable area: 1,124 sqft
Property
Accessibility
- Accessibility features: None
Features
- Patio & porch: Open Porch/Balcony, Patio
- Exterior features: Rain Gutters, Storage, Water Display
Lot
- Size: 3,718 Square Feet
Details
- Additional structures: Shed(s)
- Zoning: HMDR - Historic Medium Density Residential
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- CBS, Frame, Combo Construction
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1908
Utilities & green energy
- Utilities for property: Elect Separate Meter, Cable Available
Community & HOA
Community
- Features: Beach
- Security: Fire Sprinkler System
- Subdivision: Old Town - Unlisted (1.0)
HOA
- Has HOA: Yes
- Services included: Sewer, Pest Control, Water, Maintenance Structure, Insurance, Common Area Mnt, Other
- HOA fee: $780 monthly
Location
- Region: Key West
Financial & listing details
- Price per square foot: $1,040/sqft
- Annual tax amount: $8,407
- Date on market: 10/1/2026
- Listing terms: Seller Finance Psble,Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2026 | Listed for sale | $1,169,000+0.8%$1,040/sqft |
Source: | ||
| 5/15/2022 | Listing removed | -- |
Source: | ||
| 4/29/2022 | Listed for sale | $1,160,000-10.4%$1,032/sqft |
Source: | ||
| 9/26/2008 | Listing removed | $1,295,000$1,152/sqft |
Source: Coldwell Banker** #105452 Report a problem | ||
| 7/12/2008 | Listed for sale | $1,295,000$1,152/sqft |
Source: Coldwell Banker** #105452 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment






