Price adjustment of $250,000! This is a rare opportunity to own a fully transient licensed nightly rental property in one of Key West's most desirable neighborhoods. This stunning 3-bedroom, 3-bath home is beautifully designed on one level easy living space on a lushly landscaped lot, combining island charm with exceptional investment potential. In 2024 & 2025 the property generated about $200,000 in gross rental income, making it a true turnkey income-producing retreat with bookings already in place.Bathed in natural light, the interior exudes a light and airy coastal atmosphere, blending soft tones with vibrant tropical accents and Mexican tiles throughout. The inviting open living and kitchen area flows seamlessly outdoors, creating an effortless entertaining space. Dine al fresco in the charming attached pavilion, surrounded by lush landscaping that provides both beauty and privacy.Two primary bedrooms offer direct access to the yard, enhancing the sense of privacy and resort-style living for guests. Both suites opens through elegant French doors to the sparkling pool area, while the en-suite bath features a large, beautifully tiled walk-in shower. The third bedroom--features flexible bedding options with two twins that can be converted to a king. The house comes fully furnished. Just bring your flip flops.Located in a quiet residential neighborhood, this property offers both tranquility and convenience. Hop on a bike to reach the beaches in minutes on the south side of the island or explore the energy of Duval Street, with the Casa Marina area just moments away. Enjoy your dream vacation home while producing income!
For sale
Price cut: $110K (3/19)
$2,885,000
1511 Johnson St, Key West, FL 33040
3beds
1,615sqft
Est.:
Single Family Residence
Built in 1958
5,227.2 Square Feet Lot
$2,679,200 Zestimate®
$1,786/sqft
$-- HOA
What's special
Bathed in natural lightVibrant tropical accentsSparkling pool areaElegant french doorsCharming attached pavilionFlexible bedding optionsLush landscaping
- 171 days |
- 476 |
- 36 |
Zillow last checked: 7 hours ago
Listing updated: March 19, 2026 at 03:29am
Listed by:
Ellen Gvili 305-304-2933,
Ocean Sotheby's International Realty,
Marc Ulanowski 815-861-3559,
Equestrian Sotheby's International Realty
Source: FLKMLS,MLS#: 616872
Originating MLS: Key West Association
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Washer, Oven, Range, Refrigerator, Dishwasher, Dryer
- Laundry: Laundry Room
Features
- Walk-In Closet(s), Storage, Other Specialty Room
- Flooring: Tile
- Doors: Impact Rstnce Doors, French Doors
- Windows: Single Hung Windows, Panel
- Furnished: Yes
Interior area
- Total interior livable area: 1,615 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Carport, Off Street, Garage Door Opener
- Has carport: Yes
- Has uncovered spaces: Yes
Features
- Levels: One,Ground Level
- Stories: 1
- Patio & porch: Patio
- Exterior features: Water Display
- Has private pool: Yes
- Pool features: In Ground, Concrete
- Fencing: Fenced,Privacy
- Water view: None
- Waterfront features: None, Dockage: None
Lot
- Size: 5,227.2 Square Feet
- Features: Less Than 1/4 Acre
Details
- Parcel number: 00062070000000
- Zoning: SF
- Zoning description: Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- CBS, Combo Construction
- Roof: Other
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1958
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: FKAA, Cable Connected
Community & HOA
Community
- Features: Beach, Bike Paths
- Security: Smoke Detector(s), Electric Gate
- Subdivision: White & Pierce Diagram (1.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Key West
Financial & listing details
- Price per square foot: $1,786/sqft
- Tax assessed value: $1,103,945
- Annual tax amount: $10,862
- Date on market: 10/14/2025
- Listing terms: Cash,Conventional
Estimated market value
$2,679,200
$2.55M - $2.81M
$5,967/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/19/2026 | Price change | $2,885,000-3.7%$1,786/sqft |
Source: | ||
| 1/28/2026 | Price change | $2,995,000-3.2%$1,854/sqft |
Source: | ||
| 1/2/2026 | Price change | $3,095,000-4.6%$1,916/sqft |
Source: | ||
| 12/13/2025 | Listed for sale | $3,245,000$2,009/sqft |
Source: | ||
| 11/5/2025 | Contingent | $3,245,000$2,009/sqft |
Source: | ||
| 10/14/2025 | Listed for sale | $3,245,000+8.3%$2,009/sqft |
Source: | ||
| 7/1/2025 | Listing removed | $2,995,000$1,854/sqft |
Source: | ||
| 5/11/2025 | Price change | $2,995,000-4.9%$1,854/sqft |
Source: | ||
| 3/30/2025 | Price change | $3,150,000-3.1%$1,950/sqft |
Source: | ||
| 1/20/2025 | Listed for sale | $3,250,000+420%$2,012/sqft |
Source: | ||
| 4/24/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/21/2023 | Listed for rent | $5,000$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/25/2010 | Sold | $625,000-24.2%$387/sqft |
Source: | ||
| 3/29/2004 | Sold | $825,000$511/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,209 -6% | $1,103,945 -8.2% |
| 2024 | $10,862 +7.7% | $1,202,744 +9.9% |
| 2023 | $10,083 +43% | $1,094,268 +59.1% |
| 2022 | $7,052 +11.4% | $687,865 +10% |
| 2021 | $6,331 +2.9% | $625,332 +2.9% |
| 2020 | $6,150 | $607,641 -0.7% |
| 2019 | $6,150 -1.3% | $611,994 +4.1% |
| 2018 | $6,231 +1.9% | $587,812 +1% |
| 2017 | $6,117 -0.6% | $582,078 +3.8% |
| 2016 | $6,155 +1.5% | $560,888 +16.8% |
| 2015 | $6,062 | $480,294 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$16,356/mo
Principal & interest
$14385
Property taxes
$1971
More affordability tools
Climate risks
Neighborhood: Midtown
Nearby schools
GreatSchools rating
- 3/10Horace O'bryant SchoolGrades: PK-8Distance: 0.4 mi
- 3/10Key West High SchoolGrades: 9-12Distance: 0.4 mi
Local experts in 33040
- Florida
- Monroe County
- Key West
- 33040
- Midtown
- 1511 Johnson St






