For sale

Price cut: $25K (3/18)

$660,000

48 Merganser Ln, Key West, FL 33040

2beds

780sqft

Est.:

Townhouse, Residential - Condo/Townhouse

Built in 1995

1,306.8 Square Feet Lot

$647,200 Zestimate^®

$846/sqft

$510/mo HOA

What's special

Beautifully maintained green spaces

Welcome to Sweet Tee! Escape to this charming 2-story townhome in the peaceful Key West Golf Club community. Featuring 2 bedrooms and 1.5 baths, this cozy retreat offers a relaxed island vibe just minutes from all that Key West has to offer--Old Town, beaches, and great local dining. The home has done well as a vacation rental and long term rental, thanks to its quiet setting and access to fantastic amenities, including two pools, a fitness center, and beautifully maintained green spaces. Whether you're seeking a tranquil getaway, a place to call home or investment property, this townhome is the perfect spot to enjoy island living.

97 days

888

25

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Cooling

Central Air, Ceiling Fans(s)

Appliances

Included: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer

Features

Gym
Flooring: Tile, Laminate
Furnished: Yes

Interior area

Total interior livable area: 780 sqft

Property

Parking

Total spaces: 2
Parking features: Open, Guest
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2
Patio & porch: Open Porch/Balcony
Has private pool: Yes
Pool features: Heated, In Ground, Decked, Concrete
Water view: None
Waterfront features: None, Dockage: None

Lot

Size: 1,306.8 Square Feet
Features: Less Than 1/4 Acre

Details

Parcel number: 00072081000124
Zoning: SF
Zoning description: Single Family

Construction

Type & style

Home type: Townhouse
Architectural style: Townhouse
Property subtype: Townhouse, Residential - Condo/Townhouse

Materials

Frame, Hardi Board Siding
Roof: Metal

Condition

Year built: 1995

Utilities & green energy

Electric: Elect Separate Meter
Sewer: Community Swr Plant, Public Sewer
Water: Water Separate Meter
Utilities for property: FKAA, Cable Available

Community & HOA

Community

Features: Pool, Fire Hydrant, Manager on Premises, Clubhouse
Security: Gated with Guard, Patrolled Area
Subdivision: Key West Golf Club Dev (4.0)

HOA

Has HOA: Yes
Services included: Cable TV, Security, Maintenance Grounds
HOA fee: $510 monthly

Location

Region: Key West

Financial & listing details

Price per square foot: $846/sqft
Tax assessed value: $491,666
Annual tax amount: $4,608
Date on market: 1/8/2026
Listing terms: Cash,VA Loan,Conventional

Estimated market value

$647,200

$615,000 - $680,000

$4,484/mo

Price history

Date	Event	Price
3/18/2026	Price change	$660,000-3.6%$846/sqft
Source: Key West AOR #617995 Report a problem
2/4/2026	Price change	$685,000-0.7%$878/sqft
Source: Key West AOR #617995 Report a problem
1/8/2026	Listed for sale	$690,000+0.1%$885/sqft
Source: FLKMLS #617995 Report a problem
8/1/2025	Listing removed	$689,000$883/sqft
Source: FLKMLS #613747 Report a problem
7/3/2025	Listing removed	$3,500$4/sqft
Source: Zillow Rentals Report a problem
6/30/2025	Price change	$3,500-5.4%$4/sqft
Source: Zillow Rentals Report a problem
6/12/2025	Price change	$3,700-2.6%$5/sqft
Source: Zillow Rentals Report a problem
6/6/2025	Listed for rent	$3,800$5/sqft
Source: Zillow Rentals Report a problem
5/23/2025	Price change	$689,000-10.9%$883/sqft
Source: FLKMLS #613747 Report a problem
2/17/2025	Listed for sale	$773,000+12.4%$991/sqft
Source: Key West AOR #613747 Report a problem
7/19/2023	Sold	$688,000-1.6%$882/sqft
Source: Key West AOR #604240 Report a problem
5/2/2023	Contingent	$699,000$896/sqft
Source: MLKAR #604240 Report a problem
4/24/2023	Price change	$699,000-2.9%$896/sqft
Source: MLKAR #604240 Report a problem
3/29/2023	Price change	$720,000-4%$923/sqft
Source: FLKMLS #604240 Report a problem
2/18/2023	Listed for sale	$750,000+63%$962/sqft
Source: FLKMLS #604240 Report a problem
7/13/2021	Sold	$460,000+10.2%$590/sqft
Source: Public Record Report a problem
9/5/2019	Sold	$417,500-1.8%$535/sqft
Source: Public Record Report a problem
9/3/2019	Listed for sale	$425,000$545/sqft
Source: Coldwell Banker Schmitt Real Estate Co. #586593 Report a problem
8/2/2019	Pending sale	$425,000$545/sqft
Source: Coldwell Banker Schmitt Real Estate Co. #586593 Report a problem
7/21/2019	Listed for sale	$425,000+11.8%$545/sqft
Source: Coldwell Banker Schmitt Real Estate Co. (KW) #586593 Report a problem
2/15/2019	Sold	$380,000-4.8%$487/sqft
Source: Public Record Report a problem
2/15/2019	Listed for sale	$399,000$512/sqft
Source: Keller Williams Key West Compass Realty #582148 Report a problem
12/26/2018	Pending sale	$399,000$512/sqft
Source: Keller Williams Key West Compass Realty #582148 Report a problem
12/6/2018	Listed for sale	$399,000$512/sqft
Source: Keller Williams Key West Compass Realty #582148 Report a problem
10/11/2018	Pending sale	$399,000$512/sqft
Source: Keller Williams Key West Compass Realty #582148 Report a problem
10/3/2018	Listed for sale	$399,000+26.7%$512/sqft
Source: Keller Williams Key West Compass Realty #582148 Report a problem
6/26/2015	Sold	$315,000+15.6%$404/sqft
Source: Public Record Report a problem
11/15/2012	Sold	$272,500+9.4%$349/sqft
Source: Public Record Report a problem
3/6/2003	Sold	$249,000$319/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,608 -8.3%	$491,666 -10.9%
2024	$5,024 +8.4%	$551,974 +15.7%
2023	$4,636 +15.2%	$476,893 +10%
2022	$4,025 +24.5%	$433,539 +35.4%
2021	$3,232 -1.1%	$320,239 -1.7%
2020	$3,267	$325,768 +9.4%
2019	$3,267 +7.3%	$297,801 +10%
2018	$3,043 +6.8%	$270,717 -8.4%
2017	$2,850 -8.7%	$295,551 +7.6%
2016	$3,121 +4.9%	$274,715 +23.9%
2015	$2,975	$221,644