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$1,675,000
Key West, FL 33040
MLS# 609428
6 beds | 4 baths | 2050 sqft
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Property Description
Located in Key West's Casa Marina historic district on a tranquil one-way street and just 2 blocks from the beach, 1304 Elizabeth Street presents an exceptional renovation project and investment opportunity. Nestled in the highly coveted X flood zone, and shaded by a majestic mango tree, this property currently offers two buildings and three separate units. The downstairs unit includes 2 bedrooms/2 baths, while the upstairs unit features 3 bedrooms/1 bath, and the cottage has 1 bedroom/1 bath. Steeped in history, this property has been cherished by the same family since the early 1800's. Whether utilized as a primary residence with additional guest accommodations, long-term rental units, or exclusive vacation retreats, the versatile HRO zoning status makes this property poised to fulfill a variety of investment objectives. For an even larger compound, you might also consider purchasing the neighboring property that is currently for sale. Key West offers a vibrant island atmosphere, amazing restaurants, live music, theaters, and boutique shopping all within walking distance. Schedule a viewing today and soon you can embark on making your Key West investment dreams come true..
Details
Maps
Contract Information
Current Price: $1,675,000
Listing Date: 2024-04-03
Listing Board: Key West Association
List Price: $1,675,000
As is Rght to Inspct: Yes
Location, Tax & Legal
Street #: 1304
Street Name: Elizabeth
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: D T Sweenys Dia (1.0)
Mile Marker: 1
Area: 02 - Key West
KW Neighborhood: Casa Marina
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: 0.2 PCT ANNUAL CHANC
Alternate Key #: 1037281
Parcel #: 00036440-000000
Zoning: HRO - Historic Residential/Office
Deed Restrictions: Unknown
Legal: KW D T SWEENY'S DIA O-327 PT LOTS 1-2 SQR 5 TR 17 G45-365/366 OR543-60/62 OR977-154/155 OR977-158/159 OR977-160/161 OR1
Taxes: 5669.32
Tax Year: 2023
Pub Sewer HkUp: Yes
General Property Description
Realtor.COM Type: Multi-family
Style: Multi-Units
Waterfront: No
Pool: No
Year Built: 1939
Total Units: 3
Lot SqFt: 3044
Lot Sqft Source: Property Data Card
Acres: 0.07
Living Apx SqFt: 2050
SqFt Source: Property Data Card
Total Bedrooms: 6
Full Baths: 4
Total Baths: 4
Rentals Allowed: With Restrictions
Min Rental Days: 28
Remarks & Misc
Remarks – Consumer: Located in Key West's Casa Marina historic district on a tranquil one-way street and just 2 blocks from the beach, 1304 Elizabeth Street presents an exceptional renovation project and investment opportunity.
Nestled in the highly coveted X flood zone, and shaded by a majestic mango tree, this property currently offers two buildings and three separate units. The downstairs unit includes 2 bedrooms/2 baths, while the upstairs unit features 3 bedrooms/1 bath, and the cottage has 1 bedroom/1 bath.
Steeped in history, this property has been cherished by the same family since the early 1800's. Whether utilized as a primary residence with additional guest accommodations, long-term rental units, or exclusive vacation retreats, the versatile HRO zoning status makes this property poised to fulfill a variety of investment objectives. For an even larger compound, you might also consider purchasing the neighboring property that is currently for sale.
Key West offers a vibrant island atmosphere, amazing restaurants, live music, theaters, and boutique shopping all within walking distance.
Schedule a viewing today and soon you can embark on making your Key West investment dreams come true..
Directions: From United Street, turn on Elizabeth Street. Property is on the right side.
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of City License: 3
# of County License: 3
Building Style
Above Flood: Yes
Stories: 2 Stories
Property Features
Fee Includes: None
Tax Exemptions: Homestead
License Info: Non Trans Rntl Lic
Waterfront: None
Waterview: No Waterview
Dockage: None
Property Condition: Fixer Upper
Building Style: Conch
Furnished: Unfurnished
Cooling: Ceiling Fans(s); Wall/Window Unit(s)
Porch/Balcony: Open Porch/Balcony; Patio
Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter; Well
Interior Features: Built-in Cabinets
Appliances: Dryer; Oven; Range; Refrigerator; Washer
Exterior Features: Fencing; Privacy Wall/Fence
Construction: CBS; Frame
Windows/Doors: Aluminum Windows
Shutters: Other
Floor: Concrete; Tile; Vinyl
Roof: Metal Roof; Other Roof
Pets: Pets Allowed
Neighborhood Feature: Beach
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional
Title: Negotiable
Listing Office: Berkshire Hathaway Knight & Gardner
Last Updated: May - 04 - 2024
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Broker Attribution:
305-294-5155