Ad #7745693
MLS #619952
Hidden away on one of Old Town's most storied streets, 1016
1016 Varela St Rear, Key West, FL 33040
$1,170,000
3Beds
3Baths
1,306Sqft
0.03Acres
About this property
Hidden away on one of Old Town's most storied streets, 1016 Varela St. Rear is the kind of Key West address that feels like a private discovery. Originally constructed in the 1920s, this piece of living Key West history has been thoughtfully renovated while honoring the character that only a century of island life can impart. Tucked discreetly behind the street, the fully restored 3-bedroom, 3-bathroom residence offers a rare sense of seclusion in the heart of historic Old Town -- without sacrificing a single step of the legendary walkability that defines this neighborhood. Duval Street, world-class dining, the harbor, and the full tapestry of Key West life are all moments away on foot. Arrive home to a covered front porch -- the quintessential Key West perch for morning coffee or evening cocktails. Inside, soaring cathedral ceilings flood the living spaces with light and volume, while refinished hardwood floors, an updated kitchen, and impact windows throughout speak to a renovation done with care and intention. The private rear yard offers room for a pool, a rare opportunity to create your own tropical retreat in the heart of Old Town. A separate upstairs apartment with its own private entrance offers exceptional flexibility: a sanctuary for a young adult, an elegant in-law suite, or an income-producing rental that helps carry the property. For the discerning buyer, two details stand above the rest: 1016 Varela Rear sits in an X flood zone -- the premier flood designation in the Keys, carrying no flood insurance requirement -- and the property carries an assumable VA loan, a remarkable financial advantage for qualified buyers in today's market. In Old Town Key West, a century-old home with this much flexibility and this little compromise is extraordinarily rare. Welcome to your hidden corner of paradise.
Property Features
3 Beds
3 Baths
1,306 Sqft
Built in 1924
0.03 Acres
2 Stories
Beachview
Siding: CBS, Frame
Metal Roof
$7,824 / yr property tax
Monroe County
Old Town - Unrecord (1) Community
Additional Photos
Contact Information
Suzanne M Moore
Suzanne Moore Real Estate
305-797-0699
Location
Listing Agent: Suzanne M Moore 305-797-0699
Broker: Suzanne Moore Real Estate 305-797-0699 Listing Site
Copyright © 2026 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Suzanne Moore Real Estate 305-797-0699 Listing Site
Copyright © 2026 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 12, 2026
Photo Gallery
$1,170,000
3
Beds
3
Baths
1,306
Sqft
1016 Varela St Rear, Key West, FL 33040
By contacting this agent you agree to these Terms and Conditions.
MLS# 619952
Hidden away on one of Old Town's most storied streets, 1016
$1,170,000
1016 Varela St Rear, Key West, FL 33040
3
Beds
3
Baths
1,306
Sqft
0.03
Acres
$1,170,000
1016 Varela St Rear, Key West, FL 33040
3 Beds
3 Baths
1,306 Sqft
0.03 Acres
Hidden away on one of Old Town's most storied streets, 1016 Varela St. Rear is the kind of Key West address that feels like a private discovery. Originally constructed in the 1920s, this piece of living Key West history has been thoughtfully renovated while honoring the character that only a century of island life can impart. Tucked discreetly behind the street, the fully restored 3-bedroom, 3-bathroom residence offers a rare sense of seclusion in the heart of historic Old Town -- without sacrificing a single step of the legendary walkability that defines this neighborhood. Duval Street, world-class dining, the harbor, and the full tapestry of Key West life are all moments away on foot. Arrive home to a covered front porch -- the quintessential Key West perch for morning coffee or evening cocktails. Inside, soaring cathedral ceilings flood the living spaces with light and volume, while refinished hardwood floors, an updated kitchen, and impact windows throughout speak to a renovation done with care and intention. The private rear yard offers room for a pool, a rare opportunity to create your own tropical retreat in the heart of Old Town. A separate upstairs apartment with its own private entrance offers exceptional flexibility: a sanctuary for a young adult, an elegant in-law suite, or an income-producing rental that helps carry the property. For the discerning buyer, two details stand above the rest: 1016 Varela Rear sits in an X flood zone -- the premier flood designation in the Keys, carrying no flood insurance requirement -- and the property carries an assumable VA loan, a remarkable financial advantage for qualified buyers in today's market. In Old Town Key West, a century-old home with this much flexibility and this little compromise is extraordinarily rare. Welcome to your hidden corner of paradise.
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Property Details
HOME DETAILS
3 Beds
3 Baths
1,306 Sqft
Built in 1924
0.03 Acres
2 Stories
BEACH & VIEW
Beachview
EXTERIOR
Siding: CBS, Frame
Metal Roof
FINANCIAL & COMMUNITY
$7,824 / yr property tax
Monroe County
Old Town - Unrecord (1) Community
See More Details
Location
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Ad Statistics
Ad Number
7745693
Viewed
115 times
Listing Status
Active
Added
May 18, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Key West Association of Realtors
Source Property ID
619952
Listing Agent: Suzanne M Moore 305-797-0699
Broker: Suzanne Moore Real Estate 305-797-0699 Listing Site
Copyright © 2026 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Suzanne Moore Real Estate 305-797-0699 Listing Site
Copyright © 2026 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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