Ad #5207612
MLS #610922
Development Opportunity. (4) townhouse unit complex situated on
Key West, FL 33040
$2,100,000
8Beds
4Baths
--Sqft
0.05Acres
About this property
Development Opportunity. (4) townhouse unit complex situated on a heavily landscaped 10,000 sq ft parcelprised of (2) side by side duplexes legally subdivided as ( 4 ) individual, 750 sq ft (under air) licensed units, with (4) separate legal descriptions, parcel numbers, insurance policies, & utilities meters. At one time, there were four individual loans on each of the units as well. **** The only common area is the roof over each duplex, the shared wall between the units and walkways between, and on either side of each of the (2) duplexes. **** Each unit has its own laundry room addition directly off the kitchens with separate exterior screen doors - - (4) pairs of new washers & dryers. Current below market rents for each 2 bedroom, 1 bathroom unit runs between $2,225 to $2,900 with the lower rents soon to be increased. ***** Always operated as a successful rental property, the units were never sold off, which is definitely the Highest and Best use of the complex. Added value would be to install a lap pool/ patio area in the 100' wide back yard as a common use amenity. 2nd option - would be to provide a private pool area for each of the rear (2) units, giving each one half of the large rear yard, greatly increasing their sale value. Mature landscaping that has been well maintained surrounds the property and separates the units. Other valuable amenities are the over sized covered front porches with high open beamed ceilings offering additional square footage - and - valuable on site parking for 10 cars. The property has been continually well maintained - painted, new air conditioners, blinds & curtain rods on all windows. All roof screws were replaced & new ones added to code standards. ***** Under ''Documents Tab'', see the survey with legal descriptions for each unit, floor & site plan & aerial photo. (4) Windstorm, Flood, Fire & Liability policies in place. Call for additional information. Realtor owned
Property Features
8 Beds
4 Baths
0 Sqft
Built in 1963
0.05 Acres
1 Story
Beachview
Siding: CBS
$14,760 / yr property tax
Monroe County
Key West Realty Cos Sub (3) Community
Additional Photos
Contact Information
Raymond J Capas
Berkshire Hathaway Keys Real Estate | Knight & Gardner Realty
305-587-3483
Location
Listing Agent: Raymond J Capas 305-587-3483
Broker: Berkshire Hathaway Keys Real Estate | Knight & Gardner Realty 305-294-5155 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: Berkshire Hathaway Keys Real Estate | Knight & Gardner Realty 305-294-5155 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
$2,100,000
8
Beds
4
Baths
--
Sqft
Key West, FL 33040
By contacting this agent you agree to these Terms and Conditions.
MLS# 610922
Development Opportunity. (4) townhouse unit complex situated on
$2,100,000
Key West, FL 33040
8
Beds
4
Baths
--
Sqft
0.05
Acres
$2,100,000
Key West, FL 33040
8 Beds
4 Baths
-- Sqft
0.05 Acres
Development Opportunity. (4) townhouse unit complex situated on a heavily landscaped 10,000 sq ft parcelprised of (2) side by side duplexes legally subdivided as ( 4 ) individual, 750 sq ft (under air) licensed units, with (4) separate legal descriptions, parcel numbers, insurance policies, & utilities meters. At one time, there were four individual loans on each of the units as well. **** The only common area is the roof over each duplex, the shared wall between the units and walkways between, and on either side of each of the (2) duplexes. **** Each unit has its own laundry room addition directly off the kitchens with separate exterior screen doors - - (4) pairs of new washers & dryers. Current below market rents for each 2 bedroom, 1 bathroom unit runs between $2,225 to $2,900 with the lower rents soon to be increased. ***** Always operated as a successful rental property, the units were never sold off, which is definitely the Highest and Best use of the complex. Added value would be to install a lap pool/ patio area in the 100' wide back yard as a common use amenity. 2nd option - would be to provide a private pool area for each of the rear (2) units, giving each one half of the large rear yard, greatly increasing their sale value. Mature landscaping that has been well maintained surrounds the property and separates the units. Other valuable amenities are the over sized covered front porches with high open beamed ceilings offering additional square footage - and - valuable on site parking for 10 cars. The property has been continually well maintained - painted, new air conditioners, blinds & curtain rods on all windows. All roof screws were replaced & new ones added to code standards. ***** Under ''Documents Tab'', see the survey with legal descriptions for each unit, floor & site plan & aerial photo. (4) Windstorm, Flood, Fire & Liability policies in place. Call for additional information. Realtor owned
743 days
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Property Details
HOME DETAILS
8 Beds
4 Baths
0 Sqft
Built in 1963
0.05 Acres
1 Story
BEACH & VIEW
Beachview
EXTERIOR
Siding: CBS
FINANCIAL & COMMUNITY
$14,760 / yr property tax
Monroe County
Key West Realty Cos Sub (3) Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
5207612
Viewed
346 times
Listing Status
Active
Added
Jul 29, 2024
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Key West Association of Realtors
Source Property ID
610922
Listing Agent: Raymond J Capas 305-587-3483
Broker: Berkshire Hathaway Keys Real Estate | Knight & Gardner Realty 305-294-5155 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: Berkshire Hathaway Keys Real Estate | Knight & Gardner Realty 305-294-5155 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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