Unmatched Old Town Opportunity!Location, Location, Location! This is your chance to own one of the most coveted properties in Old Town Key West--a truly unique home and lot that must be seen to be fully appreciated. Tucked away and completely hidden from view, this remarkably private property is the only single-family home currently on the market with direct pedestrian access to Duval Street via a charming walking lane.Step behind the gate and be transported into your own secluded tropical oasis. With a generous 4,200 sq ft lot, there's ample room to add a pool or expand, creating your ideal island retreat. Zoned as a non-contributing structure with HARC (buyer to verify), the home offers incredible potential as a restoration or redevelopment project.Permitted for Transient License Receivership HRCC1 (buyer to verify), this is a rare find in a premier location. First time ever offered for sale--don't miss this exceptional opportunity!
For sale
$1,900,000
511 Tabby Ln, Key West, FL 33040
3beds
1,368sqft
Est.:
Single Family Residence
Built in 1913
4,356 Square Feet Lot
$-- Zestimate®
$1,389/sqft
$-- HOA
What's special
- 272 days |
- 405 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: July 06, 2025 at 08:01pm
Listed by:
Paige Bethel 305-395-0550,
Island Home Realty Inc.
Source: FLKMLS,MLS#: 615688
Originating MLS: Key West Association
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Appliances
- Included: Refrigerator, Oven
Interior area
- Total interior livable area: 1,368 sqft
Property
Features
- Fencing: Privacy
- Water view: None
- Waterfront features: None, Dockage: None
Lot
- Size: 4,356 Square Feet
- Features: Less Than 1/4 Acre
- Residential vegetation: Fruit Tree(s)
Details
- Parcel number: 00015770000000
- Zoning: HRCC
- Zoning description: (1 4) - Hist Res Comm Core 1-4 SF Specl
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Conch
- Property subtype: Single Family Residence
Materials
- Frame
Condition
- Year built: 1913
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Buyer to Verify
Community & HOA
Community
- Subdivision: Old Town - Unrecord (1.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Key West
Financial & listing details
- Price per square foot: $1,389/sqft
- Tax assessed value: $1,295,574
- Annual tax amount: $7,826
- Date on market: 7/7/2025
Estimated market value
Not available
Estimated sales range
Not available
$5,949/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2025 | Listed for sale | $1,900,000-5%$1,389/sqft |
Source: | ||
| 7/1/2025 | Listing removed | $1,999,999$1,462/sqft |
Source: | ||
| 6/3/2024 | Listed for sale | $1,999,999$1,462/sqft |
Source: | ||
| 6/1/2024 | Listing removed | -- |
Source: | ||
| 2/16/2024 | Price change | $1,999,999-4.8%$1,462/sqft |
Source: | ||
| 11/10/2023 | Price change | $2,100,000-16%$1,535/sqft |
Source: | ||
| 5/8/2023 | Listed for sale | $2,500,000$1,827/sqft |
Source: | ||
| 5/7/2023 | Listing removed | -- |
Source: | ||
| 1/16/2023 | Listed for sale | $2,500,000$1,827/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,331 +6.4% | $916,154 +8.2% |
| 2024 | $7,827 +11.8% | $846,642 +11.8% |
| 2023 | $6,998 +18.9% | $757,235 +8.7% |
| 2022 | $5,887 +3.6% | $696,380 +8.7% |
| 2021 | $5,684 +0.8% | $640,824 +0.5% |
| 2020 | $5,639 | $637,814 +0.8% |
| 2019 | $5,639 +0.8% | $632,959 +9.9% |
| 2018 | $5,593 +6.9% | $576,053 +0.4% |
| 2017 | $5,234 -0.1% | $573,683 +10.2% |
| 2016 | $5,240 +3.4% | $520,397 +3.3% |
| 2015 | $5,065 | $503,903 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$10,772/mo
Principal & interest
$9474
Property taxes
$1298
More affordability tools
Climate risks
Neighborhood: Duvall Street
Nearby schools
GreatSchools rating
- 3/10Horace O'bryant SchoolGrades: PK-8Distance: 0.9 mi
- 3/10Key West High SchoolGrades: 9-12Distance: 1.5 mi
Local experts in 33040
- Florida
- Monroe County
- Key West
- 33040
- Duvall Street
- 511 Tabby Ln







