For sale

$1,379,000

1401 5th St, Key West, FL 33040

6beds

2,434sqft

Est.:

Single Family Residence

Built in 1948

7,500 Square Feet Lot

$1,264,800 Zestimate^®

$567/sqft

$-- HOA

What's special

Cozy layoutsSeparate adjoining lots

Rare Opportunity: Three Charming Homes on Adjacent Lots - Unlimited Potential!Discover the perfect investment opportunity with these three vintage 2-bedroom, 1-bathroom homes, nestled on separate adjoining lots and being sold together as a single package. Situated in a desirable location, this unique offering provides incredible flexibility for visionary buyers.Each home offers cozy layouts that are ripe for restoration or redevelopment. The true value lies in the combined potential of these properties--create a sprawling family estate, build a modern multi-home compound, or explore other construction options to maximize value.With their combined potential and prime location, these homes are a once-in-a-lifetime opportunity for developers, investors, or those looking to build their dream family retreat. Don't miss out, bring your imagination and start planning the possibilities today!Contact me to schedule a showing and envision the future of this incredible property package!

102 days

265

3

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3
Full bathrooms: 3

Cooling

Wall/Window Unit(s), Ceiling Fans(s)

Appliances

Included: Refrigerator, Range

Interior area

Total interior livable area: 2,434 sqft

Property

Parking

Parking features: Off Street

Features

Levels: Ground Level
Patio & porch: Open Porch/Balcony
Fencing: Fenced
Water view: None
Waterfront features: None, Dockage: None

Lot

Size: 7,500 Square Feet
Dimensions: 7500sf total of 3 lots
Features: More than 1 Lot

Details

Additional structures: Shed(s)
Additional parcels included: 00046650000000,00046650000200
Parcel number: 00046650000100
Zoning: SF
Zoning description: Single Family

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Frame

Condition

Fixer
New construction: No
Year built: 1948

Utilities & green energy

Electric: Elect Separate Meter
Sewer: Municipal Sewer, Public Sewer
Water: Water Separate Meter
Utilities for property: FKAA, Cable Available

Community & HOA

Community

Subdivision: Key West Realty Cos Sub (3.0)

HOA

Has HOA: No
Services included: None

Location

Region: Key West

Financial & listing details

Price per square foot: $567/sqft
Tax assessed value: $310,752
Annual tax amount: $3,027
Date on market: 12/15/2025
Listing terms: Cash,Conventional

Estimated market value

$1,264,800

$1.20M - $1.33M

$7,904/mo

Price history

Date	Event	Price
12/15/2025	Listed for sale	$1,379,000-4.9%$567/sqft
Source: Key West AOR #617703 Report a problem
9/27/2025	Listing removed	$1,450,000$596/sqft
Source: Key West AOR #612665 Report a problem
5/23/2025	Price change	$1,450,000-6.5%$596/sqft
Source: Key West AOR #612665 Report a problem
4/13/2025	Price change	$1,550,000-7.7%$637/sqft
Source: FLKMLS #612665 Report a problem
12/12/2024	Listed for sale	$1,679,000$690/sqft
Source: Key West AOR #612665 Report a problem
12/2/2014	Listing removed	$1,800$1/sqft
Source: Florida Keys Real Estate Company Report a problem
11/19/2014	Listed for rent	$1,800$1/sqft
Source: Florida Keys Real Estate Company Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,120 -6.9%	$310,752 -10.9%
2024	$3,350 +4.4%	$348,686 +6.8%
2023	$3,208 +10.7%	$326,597 +10%
2022	$2,897 +30.3%	$296,906 +44.8%
2021	$2,223 +0.9%	$205,062 +0.5%
2020	$2,203	$203,972 +0.5%
2019	$2,203 -0.2%	$202,898 +8.8%
2018	$2,207	$186,562 +4.3%
2017	--	$178,931 +4.3%
2016	--	$171,537 +4.5%
2015	--	$164,177