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For sale
  • Price cut: $25K (4/8)
    $850,000

    5 El Monte Ln, Key West, FL 33040

    3beds
    1,545sqft
    : 
    Single Family Residence
    Built in 2006
    2,613.6 Square Feet Lot
    $821,300 Zestimate®
    $550/sqft
    $-- HOA

    What's special

    Larger-than-expected roomsThree spacious bedroomsNatural gas stoveNew hardie board sidingImpact windows and doorsUpgraded kitchenStainless steel appliances
    Built in 2006 and beautifully upgraded, this meticulously maintained 3-bedroom, 2.5-bath residence offers durability, comfort, and the ultimate island lifestyle -- just 1/2 block from a public boat ramp.For boating enthusiasts, this location is exceptional. Launch your boat within minutes of leaving home and enjoy effortless access to the water.The standout feature of this property is the private balcony off the primary bedroom with visible ocean views -- the perfect setting for morning coffee with sea breezes or sunset relaxation. This elevated retreat truly captures the essence of Key West living.The third level features three spacious bedrooms and two full bathrooms, including a guest bath with a spa-like air tub. The main living level offers an open-concept layout with wood flooring and larger-than-expected rooms. The upgraded kitchen includes: Center island with bar seating Decorative backsplash Stainless steel appliances Natural gas stoveThe kitchen flows seamlessly into the dining and living areas, opening onto a second balcony -- perfect for entertaining and indoor-outdoor living.Significant recent upgrades provide peace of mind: Impact windows and doors (2025) New Hardie board siding Water pressure booster (2024) Hot water heater (2024) Exterior electrical box (2025) Refrigerator & dishwasher (2025) Replaced front stairs and upstairs deck Roof (2018)The fully fenced yard offers privacy and tranquility with space to create your own outdoor oasis. There is also a bonus room currently configured as a home office, ideal for remote work, creative space, or flexible use. Off-street parking accommodates two vehicles. With major capital improvements already completed, ocean views from the primary suite, and immediate access to the boat ramp just steps away, this property is ideal as a primary residence or second home in beautiful Key West.
    47 days
    |
    1,320
    |
    51
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 07, 2026 at 12:28pm

    Listed by:

    Jaime M Caballero 305-797-5252,

    Key West Vacation Properties & Realty, LLC (KW),

    Alexandria Caballero 305-393-9077,

    Key West Vacation Properties & Realty, LLC (KW)

    Source: FLKMLS,MLS#: 618776MLS LogoOriginating MLS: Key West Association

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Cooling
      • Central Air, Ceiling Fans(s)
      Appliances
      • Included: Dryer, Gas Appliances, Disposal, Microwave, Oven, Refrigerator, Dishwasher
      Features
      • Flooring: Vinyl
      • Doors: Impact Rstnce Doors
      • Windows: Impact Rstnce Window, Clam Shell
      Interior area
      • Total interior livable area: 1,545 sqft

      Property

      Parking
      • Parking features: Off Street, Covered
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Open Porch/Balcony, Deck
      • Exterior features: Rain Gutters, Sprinkler System, Lighting
      • Fencing: Privacy
      • Has view: Yes
      • View description: Ocean
      • Has water view: Yes
      • Water view: Ocean
      • Waterfront features: None, Dockage: None
      Lot
      • Size: 2,613.6 Square Feet
      • Features: Less Than 1/4 Acre
      Details
      • Parcel number: 00157120000000
      • Zoning: URM
      • Zoning description: Urban Res Mobile Home District

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Roof: Metal
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 2006

      Utilities & green energy

      • Sewer: Municipal Sewer, Public Sewer
      • Utilities for property: FKAA, Propane, Buyer to Verify

      Community & HOA

      Community
      • Subdivision: Gulfrest Park (10.0)
      HOA
      • Has HOA: No
      • Services included: None
      Location
      • Region: Key West

      Financial & listing details

      • Price per square foot: $550/sqft
      • Tax assessed value: $548,680
      • Annual tax amount: $5,228
      • Date on market: 2/23/2026
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        Estimated market value

        $821,300

        $780,000 - $862,000

        $5,263/mo

        Price history

        Price history
        DateEventPrice
        4/8/2026Price change$850,000-2.9%$550/sqft
        Source: FLKMLS #618776 Report a problem
        2/23/2026Listed for sale$875,000+174.6%$566/sqft
        Source: FLKMLS #618776 Report a problem
        8/13/2017Listing removed$2,600$2/sqft
        Source: Key West Residential Property Management Report a problem
        8/6/2017Listed for rent$2,600+4%$2/sqft
        Source: Key West Residential Property Management Report a problem
        10/10/2016Listing removed$2,500-3.8%$2/sqft
        Source: Key West Residential Property Management Report a problem
        6/10/2015Listing removed$2,600$2/sqft
        Source: Key West Residential Property Management Report a problem
        5/29/2015Price change$2,600-7.1%$2/sqft
        Source: Key West Residential Property Management Report a problem
        5/16/2015Price change$2,800-12.5%$2/sqft
        Source: Key West Residential Property Management Report a problem
        4/10/2015Listed for rent$3,200$2/sqft
        Source: Key West Residential Property Management Report a problem
        4/8/2015Listing removed$318,700$206/sqft
        Source: Coldwell Banker Schmitt Real Estate Co. #120242 Report a problem
        4/2/2015Pending sale$318,700$206/sqft
        Source: Coldwell Banker Schmitt Real Estate Co. #120242 Report a problem
        4/2/2015Listed for sale$318,700+0.2%$206/sqft
        Source: Coldwell Banker Schmitt Real Estate Co. #120242 Report a problem
        3/31/2015Sold$318,150-0.5%$206/sqft
        Source: FLKMLS #120242 Report a problem
        2/26/2015Pending sale$319,700$207/sqft
        Source: Coldwell Banker Schmitt #120242 Report a problem
        2/3/2015Listed for sale$319,700$207/sqft
        Source: Coldwell Banker Schmitt #120242 Report a problem
        1/24/2015Pending sale$319,700$207/sqft
        Source: Coldwell Banker Schmitt #120242 Report a problem
        1/17/2015Price change$319,700+91.4%$207/sqft
        Source: Coldwell Banker Schmitt #120242 Report a problem
        1/13/2015Price change$167,000-47.8%$108/sqft
        Source: HomeSearch.com Realty Services Inc #120242 Report a problem
        1/5/2015Price change$319,700+91.4%$207/sqft
        Source: Coldwell Banker Schmitt #120242 Report a problem
        1/1/2015Listed for sale$167,000-64%$108/sqft
        Source: HomeSearch.com Realty Services Inc #120242 Report a problem
        12/5/2014Sold$464,000+45.1%$300/sqft
        Source: Public Record Report a problem
        9/26/2014Price change$319,700+91.4%$207/sqft
        Source: Coldwell Banker Schmitt Real Estate Co. #120242 Report a problem
        9/9/2014Price change$167,000-47.8%$108/sqft
        Source: HomeSearch.com Realty Services Inc #120242 Report a problem
        8/19/2014Listed for sale$319,700+39.6%$207/sqft
        Source: Coldwell Banker Schmitt #120242 Report a problem
        10/12/2004Sold$229,000+40.3%$148/sqft
        Source: FLKMLS #522275 Report a problem
        4/30/2004Sold$163,200+63.2%$106/sqft
        Source: Public Record Report a problem
        9/16/2003Sold$100,000$65/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$5,228 -1.4%$548,680 -4.3%
        2024$5,300 +10.1%$573,104 +30.8%
        2023$4,812 +11.2%$438,056 +10%
        2022$4,326 +8.5%$398,233 +10%
        2021$3,987 -3%$362,030 -2.7%
        2020$4,108 $372,002 +3.7%
        2019$4,108 +2.8%$358,593 -0.8%
        2018$3,995 -2.9%$361,348 -1.8%
        2017$4,113 +0.4%$368,107 +12.3%
        2016$4,095 +6.2%$327,745 +21.9%
        2015$3,854 $268,774

        Find assessor info on the county website

        Monthly payment

        Est. payment
        $4,722/mo
        Principal & interest
        $4141
        Property taxes
        $581
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          Climate risks

          Neighborhood: 33040

          Getting around

          14 / 100
          Car-Dependent
          17 / 100
          Minimal Transit
          34 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 33040

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