Ad #7604087
MLS #619585
This exceptional 6-dwelling unit redevelopment opportunity
709 Whitmarsh Ln, Key West, FL 33040
$3,485,000
7Beds
7Baths
--Sqft
0.11Acres
About this property
This exceptional 6-dwelling unit redevelopment opportunity perched atop Solares Hill, the 18' highest point in Key West, is practically shovel-ready and includes top-level planning & design that resulted in an issued building permit in 2024. Substantial renovation is already complete on four of the 1-bedroom units; only the single family house renovation and condo conversion remain. The current owner, an experienced developer, invested significant time and capital securing previous approvals with the assistance of seasoned local professionals to renovate and then convert the rentals to condos, including detailed architectural plans, local-attorney-prepared condominium documents, a proposed survey for the 5-6 unit condo development, detailed labor and materials cost projection by a local licensed contractor for the construction of the house, and full submittal documents and a building permit issued in early 2024. The only thing missing is a new buyer ready to complete the process. The property's ideal central location in the very heart of Old Town just two short blocks from Duval St., combined with the insurance savings and peace of mind given the high elevation, added to the redevelopment design and previous permitting, represents measurable, tangible value. The property's 6 residential units break down as follows:(1) an architecturally redesigned home at 709 Whitmarsh Ln, with parking and pool, to replace the current single-family home and studio apartment, and (2) 4 additional, fully renovated, large 1-bedroom apartments housed in a historic 2-story building at 713 Whitmarsh Ln. This outstanding investment opportunity represents 6 legal, currently rented units in the absolute best location in Old Town Key West and with the building permit previously issued, a streamlined path to final execution of the condominium redevelopment. All final entitlements and approvals to be confirmed and completed by buyer. Fully tenant occupied, photos taken before occupancy.
Property Features
7 Beds
7 Baths
0 Sqft
Built in 1943
0.11 Acres
Beachview
Siding: Frame, Stucco, Combo Construction
Metal Roof
$16,589 / yr property tax
Monroe County
Old Town - Unlisted (1) Community
Additional Photos
Contact Information
Keith Bland
Truman & Co. Real Estate Services
305-304-6335
Location
Listing Agent: Keith Bland 305-304-6335
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
Photo Gallery
$3,485,000
7
Beds
7
Baths
--
Sqft
709 Whitmarsh Ln, Key West, FL 33040
By contacting this agent you agree to these Terms and Conditions.
MLS# 619585
This exceptional 6-dwelling unit redevelopment opportunity
$3,485,000
709 Whitmarsh Ln, Key West, FL 33040
7
Beds
7
Baths
--
Sqft
0.11
Acres
$3,485,000
709 Whitmarsh Ln, Key West, FL 33040
7 Beds
7 Baths
-- Sqft
0.11 Acres
This exceptional 6-dwelling unit redevelopment opportunity perched atop Solares Hill, the 18' highest point in Key West, is practically shovel-ready and includes top-level planning & design that resulted in an issued building permit in 2024. Substantial renovation is already complete on four of the 1-bedroom units; only the single family house renovation and condo conversion remain. The current owner, an experienced developer, invested significant time and capital securing previous approvals with the assistance of seasoned local professionals to renovate and then convert the rentals to condos, including detailed architectural plans, local-attorney-prepared condominium documents, a proposed survey for the 5-6 unit condo development, detailed labor and materials cost projection by a local licensed contractor for the construction of the house, and full submittal documents and a building permit issued in early 2024. The only thing missing is a new buyer ready to complete the process. The property's ideal central location in the very heart of Old Town just two short blocks from Duval St., combined with the insurance savings and peace of mind given the high elevation, added to the redevelopment design and previous permitting, represents measurable, tangible value. The property's 6 residential units break down as follows:(1) an architecturally redesigned home at 709 Whitmarsh Ln, with parking and pool, to replace the current single-family home and studio apartment, and (2) 4 additional, fully renovated, large 1-bedroom apartments housed in a historic 2-story building at 713 Whitmarsh Ln. This outstanding investment opportunity represents 6 legal, currently rented units in the absolute best location in Old Town Key West and with the building permit previously issued, a streamlined path to final execution of the condominium redevelopment. All final entitlements and approvals to be confirmed and completed by buyer. Fully tenant occupied, photos taken before occupancy.
112 days
on BeachHouse.com
0
view
0
saves
Property Details
HOME DETAILS
7 Beds
7 Baths
0 Sqft
Built in 1943
0.11 Acres
BEACH & VIEW
Beachview
EXTERIOR
Siding: Frame, Stucco, Combo Construction
Metal Roof
FINANCIAL & COMMUNITY
$16,589 / yr property tax
Monroe County
Old Town - Unlisted (1) Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7604087
Viewed
0 time
Listing Status
Active
Added
Apr 21, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Key West Association of Realtors
Source Property ID
619585
Listing Agent: Keith Bland 305-304-6335
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.
Request Information
Start advertising today
Explore options for real estate agents and homeowners advertising on BeachHouse.com
Sell Your Home
Explore Similar Properties
