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Sold for $1,600,000
  • $1,600,000

    700 Elizabeth St, Key West, FL 33040

    5beds
    2,588sqft
    Duplex, Single Family Residence
    Built in 1923
    -- sqft lot
    $1,568,500 Zestimate®
    $618/sqft
    $5,460 Estimated rent

    Home value

    $1,568,500

    $1.38M - $1.77M

    $5,460/mo

    Zestimate® history
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    What's special

    Step into the rich history of Key West with this 2-story property perched atop the highest point in Key West, Solaris Hill. Located at the corner of Elizabeth and Angela Streets in the heart of Old Town, this rare gem offers charming balcony porches that overlook the vibrant town below. Totaling of 5 bedrooms and 2 baths, the property is currently divided into 2 units, providing versatility for various living arrangements. It features a spacious 3-bedroom, 1-bath unit, as well as a comfortable 2-bedroom, 1-bath unit, making it perfect for 2 families or families with in-laws or adult children seeking their own space, or even as a home and income opportunity. Inside, you'll be greeted by tall ceilings, Pine walls & a mix of hardwood, bamboo, and tile flooring, giving the home a timeless appeal. The potential of this residence is boundless with an enormous attic space and all just waiting for your creative vision to bring it back to its full glory. In addition to the main house, the backyard has two separate buildings, providing storage for all your belongings, as well as space for your all your equipment and tools. You'll also find the convenience of TWO off-street parking spaces, ensuring you never have to worry about finding a spot. Ideally situated just two blocks off Duval Street, it offers a walkable lifestyle to all the galleries, shops, and fine restaurants that Key West has to offer. Licensed for 2 units with 2 water meters and 2 electric meters, it falls within the highly desirable flood zone X providing you with the best in location and peace of mind. Don't miss out on owning a piece of Key West's history!

    Zillow last checked: 7 hours ago

    Listing updated: August 24, 2024 at 03:21pm

    Listed by:

    Terri Spottswood 305-587-3407,

    Truman & Co. (KW),

    John Spottswood 305-395-2360,

    Truman & Co. (KW)

    Bought with:

    Terri Spottswood, 161619

    Truman & Co. (KW)

    John Spottswood, 3264225

    Truman & Co. (KW)

    Source: FLKMLS,MLS#: 605926MLS LogoOriginating MLS: Key West Association

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    • Full bathrooms: 2
    Cooling
    • Wall/Window Unit(s), Ceiling Fans(s)
    Appliances
    • Included: Washer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
    Features
    • Flooring: Tile, Wood
    Interior area
    • Total interior livable area: 2,588 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Off Street
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Open Porch/Balcony
    • Exterior features: Storage
    • Water view: None
    • Waterfront features: None, Dockage: None
    Lot
    • Size: 2,652 sqft
    • Features: Less Than 1/4 Acre
    Details
    • Parcel number: 00018130000000
    • Zoning: HHDR
    • Zoning description: Historic High Density Residential

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Single Family Residence
    • Attached to another structure: Yes
    Materials
    • Frame
    • Roof: Metal
    Condition
    • Year built: 1923

    Utilities & green energy

    • Electric: Elect Separate Meter
    • Sewer: Municipal Sewer, Public Sewer
    • Water: Water Separate Meter, Cistern
    • Utilities for property: FKAA, Buyer to Verify

    Community & neighborhood

    Location
    • Region: Key West
    • Subdivision: Old Town - Unlisted (1.0)

    HOA & financial

    HOA
    • Has HOA: No
    • Services included: None

    Other

    Other facts
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    7/26/2023Sold$1,600,000-8.5%$618/sqft
    Source: FLKMLS #605926 Report a problem
    7/12/2023Pending sale$1,749,000$676/sqft
    Source: FLKMLS #605924 Report a problem
    7/10/2023Listed for sale$1,749,000+191.5%$676/sqft
    Source: FLKMLS #605924 Report a problem
    4/4/2023Sold$600,000$232/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$11,907 +2.5%$1,310,414 +1.2%
    2024$11,619 +28.2%$1,294,682 +60.4%
    2023$9,065 +17.1%$807,349 +10%

    Find assessor info on the county website

    Neighborhood: Old Town

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $1,568,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,568,500