1006 16th Terrace, Key West, FL 33040

$1,275,000
Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 2,016 Lot Size (sq. ft.): 5,700 Status: Active
Current Price: $1,275,000 List Date: 1/09/2026 Last Modified: 2/04/2026

Description

Welcome to 1006 16th Terrace, a charming two-story residence nestled in the New Town area of Key West, Florida. Whether you are looking for a single-family home or a Multigenerational living arrangement, this property at 1006 16th Terrace combines comfort, functionality & the charm of Key West living. Home boasts 5 bedrooms and 3 bathrooms offering a floorplan that will accommodate multiple situations. The exterior of the home is a testament to meticulous landscaping, creating a serene & inviting atmosphere. A detached storage unit provides additional space for a multitude of uses. The residence features a two-zone air conditioning system, ensuring optimal comfort throughout the year. The home has been recently painted, adding to its fresh & well-kept appearance. The original ground level home was built in 1965; however, the second story addition was built in 1993, with an open floorplan, bamboo floors and a window view of the Gulf of American. Enjoy the oversized balcony among the many trees. The home is equipped with storm rated windows and doors for your added protection. Some of the room photos have been virtually staged.

More Information MLS# 614317

Contract Information

Current Price: $1,275,000 Listing Date: 2025-03-22 Listing Board: Key West Association List Price: $1,275,000 As is Rght to Inspct: Yes

Location Tax Legal

Street #: 1006 Street Name: 16th Street Suffix: Terrace Key/Island: Key West State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Pearlman Heights (4.0) Area: 04 - Key West

General Property Description

Realtor.COM Type: Multi-family Style: Multi-Units Waterfront: No Pool: No Year Built: 1965 Lot Size: 57*100 Lot SqFt: 5700 Lot Sqft Source: Property Data Card Living Apx SqFt: 2016 SqFt Source: Property Data Card Total Bedrooms: 5 Full Baths: 4 Total Baths: 4 Rentals Allowed: Yes Min Rental Days: 28

Status Change Info

Contingent: None Status: Active

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

Building Style

Above Flood: Unknown Stories: 2 Stories

Vehicle Storage

Car(s): 1

Property Features

Fee Includes: None Tax Exemptions: Homestead; Widow/Widower Waterfront: None Waterview: No Waterview Dockage: None Building Style: Ground Level Vehicle Storage: Off Street Parking Furnished: Unfurnished Cooling: Ceiling Fans(s); Central Air; Ductless Utilities: Buyer to Verify; FKAA; Municipal Sewer Interior Features: Storage Specialty Rooms: Laundry Room; Workshop Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Exterior Features: Fencing; Fruit Tree(s); Rain Gutters; Shed; Storage Construction: CBS; Combo Construction; Stucco Shutters: Other Floor: Combo; Tile; Wood Roof: Metal Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; FHA; VA Title: Negotiable
Listing Office: Keller Williams Key West Compass Realty
Last Updated: February - 04 - 2026
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