Ad #7780696
MLS #620044
Where Prohibition-Era Legend Meets Modern Key West Hospitality
1117 Duval St, Key West, FL 33040
$9,950,000
7Beds
8Baths
--Sqft
0.08Acres
About this property
Where Prohibition-Era Legend Meets Modern Key West Hospitality. Historic Key West Boutique Inn on Duval Street | 7 Licensed Transient Accommodations. A rare opportunity to acquire one of Key West's most iconic hospitality properties, ideally positioned on world-famous Duval Street in the heart of Old Town. The offering includes the real estate and lodging operation of the renowned Speakeasy Inn, featuring 7 licensed transient accommodations and a rich history deeply woven into the fabric of Key West's colorful past. Originally owned by legendary rum-runner Raul Vasquez during the Prohibition Era, the property served as a hub for the importation of spirits from Cuba into Key West. The home remains one of only a handful of residences in Key West with a basement, historically utilized to conceal smuggled rum during the 1920s and early 1930s. Distinctive architectural details, including the property's famous Cuban-imported porch balustrades depicting liquor bottles and playing-card symbols, stand today as enduring reminders of its fascinating past. Over the past several years, ownership has undertaken an extensive renovation program throughout the inn. All guest accommodations have been thoughtfully updated with new bathrooms, furnishings, interior and exterior paint, modern mini-split air conditioning systems, and significant capital improvements including a new roof and gutter system completed within the past 3 years. The result is a turnkey boutique lodging property that seamlessly blends historic Key West character with contemporary guest expectations. Located steps from the Southernmost Point, beaches, galleries, restaurants, and nightlife, the property enjoys exceptional year-round tourism demand and benefits from valuable transient licensing in one of Florida's most supply-constrained lodging markets. As an additional benefit to investors, current ownership intends to lease back & continue operating the Rum Bar located on the ground floor. *Seller is FL Realtor
Property Features
7 Beds
8 Baths
0 Sqft
Built in 1943
0.08 Acres
2 Stories
Beachview
Siding: Frame
Metal Roof
$48,452 / yr property tax
Monroe County
Old Town - Unlisted (1) Community
Additional Photos
Contact Information
The Spottswood Team
Truman & Co. Real Estate Services
305-432-4848
Location
Listing Agent: The Spottswood Team 305-432-4848
Broker: Truman & Co. Real Estate Services 305-292-2244 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: Truman & Co. Real Estate Services 305-292-2244 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 11, 2026
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$9,950,000
7
Beds
8
Baths
--
Sqft
1117 Duval St, Key West, FL 33040
By contacting this agent you agree to these Terms and Conditions.
MLS# 620044
Where Prohibition-Era Legend Meets Modern Key West Hospitality
$9,950,000
1117 Duval St, Key West, FL 33040
7
Beds
8
Baths
--
Sqft
0.08
Acres
$9,950,000
1117 Duval St, Key West, FL 33040
7 Beds
8 Baths
-- Sqft
0.08 Acres
Where Prohibition-Era Legend Meets Modern Key West Hospitality. Historic Key West Boutique Inn on Duval Street | 7 Licensed Transient Accommodations. A rare opportunity to acquire one of Key West's most iconic hospitality properties, ideally positioned on world-famous Duval Street in the heart of Old Town. The offering includes the real estate and lodging operation of the renowned Speakeasy Inn, featuring 7 licensed transient accommodations and a rich history deeply woven into the fabric of Key West's colorful past. Originally owned by legendary rum-runner Raul Vasquez during the Prohibition Era, the property served as a hub for the importation of spirits from Cuba into Key West. The home remains one of only a handful of residences in Key West with a basement, historically utilized to conceal smuggled rum during the 1920s and early 1930s. Distinctive architectural details, including the property's famous Cuban-imported porch balustrades depicting liquor bottles and playing-card symbols, stand today as enduring reminders of its fascinating past. Over the past several years, ownership has undertaken an extensive renovation program throughout the inn. All guest accommodations have been thoughtfully updated with new bathrooms, furnishings, interior and exterior paint, modern mini-split air conditioning systems, and significant capital improvements including a new roof and gutter system completed within the past 3 years. The result is a turnkey boutique lodging property that seamlessly blends historic Key West character with contemporary guest expectations. Located steps from the Southernmost Point, beaches, galleries, restaurants, and nightlife, the property enjoys exceptional year-round tourism demand and benefits from valuable transient licensing in one of Florida's most supply-constrained lodging markets. As an additional benefit to investors, current ownership intends to lease back & continue operating the Rum Bar located on the ground floor. *Seller is FL Realtor
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Property Details
HOME DETAILS
7 Beds
8 Baths
0 Sqft
Built in 1943
0.08 Acres
2 Stories
BEACH & VIEW
Beachview
EXTERIOR
Siding: Frame
Metal Roof
FINANCIAL & COMMUNITY
$48,452 / yr property tax
Monroe County
Old Town - Unlisted (1) Community
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Location
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Ad Statistics
Ad Number
7780696
Viewed
91 times
Listing Status
Active
Added
May 26, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Key West Association of Realtors
Source Property ID
620044
Listing Agent: The Spottswood Team 305-432-4848
Broker: Truman & Co. Real Estate Services 305-292-2244 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: Truman & Co. Real Estate Services 305-292-2244 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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