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Sold for $1,300,000
  • $1,300,000

    1113 Watson St, Key West, FL 33040

    5beds
    1,819sqft
    Duplex, Multi Family
    Built in 1938
    -- sqft lot
    $1,299,400 Zestimate®
    $715/sqft
    $5,847 Estimated rent

    Home value

    $1,299,400

    $1.17M - $1.44M

    $5,847/mo

    Zestimate® history
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    Owner options

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    $5,847/mo

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    $5,847/mo

    Rent Zestimate®

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    $8,089/mo

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    $8,089/mo

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    What's special

    Historic Old Town Key West Duplex | Income-Producing Island OpportunityDiscover the timeless charm of Old Town Key West in this truly unique and character-rich historic duplex, offering both lifestyle flexibility and excellent income potential. Filled with authentic island personality, this property is ideal for an owner-occupant, investor, or anyone seeking the classic Key West way of life.The downstairs residence features a spacious three-bedroom, two-bath layout highlighted by a large screened-in porch, perfect for morning coffee, cooling island breezes, and relaxed evenings. An outdoor yard provides a rare Old Town bonus, offering space for entertaining, pets, or simply enjoying the tropical surroundings.Upstairs, a separate two-bedroom, one-bath apartment offers privacy and charm, making it well suited for long-term rental, guest accommodations, or supplemental income. The flexible configuration allows you to live in one unit while renting the other, creating an ideal live-work-rent opportunity in a highly desirable location.Off-street parking for up to three vehicles is a true Old Town luxury, and a shared laundry area adds everyday convenience. Distinctive architectural details throughout reflect the historic character and quirky charm that define Old Town Key West.Whether you are seeking a smart income-producing investment, a multi-generational living arrangement, or a home that captures the spirit and history of the island, this duplex offers endless possibilities in one of Key West's most sought-after neighborhoods.Use as a single family home for a large family!Classic, unique, and income-ready, this is a rare opportunity to own a genuine piece of Old Town Key West.

    Zillow last checked: 7 hours ago

    Listing updated: March 24, 2026 at 03:12am

    Listed by:

    Dawn M McComish 305-395-3300,

    Lokation Real Estate

    Bought with:

    Zainya Zimmerer, 3537722

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    Source: FLKMLS,MLS#: 618191MLS LogoOriginating MLS: Marathon/Lower Keys

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • None
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Washer, Oven, Refrigerator, Dishwasher, Dryer
    Features
    • Flooring: Tile, Wood
    • Windows: Drapes/Blinds Incl, Aluminum Frames, Panel
    Interior area
    • Total interior livable area: 1,819 sqft

    Property

    Parking
    • Parking features: Off Street
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Screened P/B, Screened Patio
    • Exterior features: Storage
    • Fencing: Fenced
    • Water view: None
    • Waterfront features: None, Dockage: None
    Lot
    • Size: 3,920 sqft
    • Dimensions: 50 x 80
    • Features: Less Than 1/4 Acre
    Details
    • Parcel number: 00033552000000
    • Zoning: HMDR
    • Zoning description: Historic Medium Density Residential
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family
    • Attached to another structure: Yes
    Materials
    • Frame
    • Roof: Metal
    Condition
    • Year built: 1938

    Utilities & green energy

    • Electric: Elect Separate Meter
    • Sewer: Municipal Sewer, Public Sewer
    • Water: Water Separate Meter
    • Utilities for property: FKAA, Propane, Buyer to Verify, Cable Connected

    Community & neighborhood

    Location
    • Region: Key West
    • Subdivision: Gwynn Sub (1.0)

    HOA & financial

    HOA
    • Has HOA: No
    • Services included: None

    Other

    Other facts
    • Listing terms: No Seller Finance,Conventional,Cash

    Price history

    DateEventPrice
    3/20/2026Sold$1,300,000-10.7%$715/sqft
    Source: FLKMLS #618191 Report a problem
    2/2/2026Contingent$1,455,000$800/sqft
    Source: FLKMLS #618191 Report a problem
    1/19/2026Listed for sale$1,455,000+99.3%$800/sqft
    Source: FLKMLS #618191 Report a problem
    9/30/2024Listing removed$4,500$2/sqft
    Source: Zillow Rentals Report a problem
    9/17/2024Listed for rent$4,500$2/sqft
    Source: Zillow Rentals Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,555 +6.6%$985,837 +10%
    2024$8,965 +11.9%$896,215 +10%
    2023$8,011 +9.5%$814,741 +10%

    Find assessor info on the county website

    Neighborhood: Old Town

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,299,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,299,400