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1016 Varela Street B, Key West, FL 33040
$1,495,000
Property Type:
Residential
Bedrooms:
3
Baths:
3
Square Footage:
1,306
Lot Size (sq. ft.):
2,218
Status:
Active
Current Price:
$1,495,000
List Date:
2/20/2026
Last Modified:
2/24/2026
Description
Set within a private, secluded compound and thoughtfully designed for both comfort and sophistication, this completely renovated tropical residence offers a rare blend of tranquility and refined island living. Historic Old Town Location on high elevated ground and X-Flood Zone, It's conveniently located to multiple restaurants, cafes, White St. Pier & Beaches. Two separate entrances from both Varela St. and the quiet end of Watson Lane enhances both privacy and ease for owners and visiting family alike.
The three-bedroom, three-bath home has been meticulously reimagined by its owner with an emphasis on quality craftsmanship, enduring materials, and elegant functionality. The layout is particularly well-suited for owners who value space for extended family, visiting children, or long-term guests. A generous upstairs apartment with kitchen provides a fully private retreat- with a separate entrance ideal for multigenerational living, seasonal visitors, mother in law suite or a serene home office separate from the main residence.
On the main level, the spacious primary suite is framed by modern barn doors and designed as a calm, luxurious sanctuary. Its renovated en-suite bath blends historic character with contemporary comfort, rain shower, and refined scalloped tilework that evokes timeless coastal elegance. A second en-suite bedroom, located just beyond the kitchen through discreet pocket doors, offers flexibility as either a guest room or a sophisticated workspace, complete with a built-in Murphy bed to maximize both form and function.
1016 Varela St. rear, features a beautifully updated Kitchen, new smart appliances, resurfaced hardwood floors, renovated bathrooms with quartz countertops, Impact windows and doors, high cathedral ceilings and room for a small pool in the rear has been confirmed.
Plenty of storage for bicycles, holiday decorations, tools and more!
1016 Varela St. Rear is ready for immediate occupancy, the perfect Island winter sanctuary.
More Information MLS# 618738
Contract Information
Current Price: $1,495,000
Listing Date: 2026-02-20
Listing Board: Key West Association
List Price: $1,495,000
Potential Short Sale: No
Bank Owned: No
Location Tax Legal
Street #: 1016
Street Name: Varela
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Gwynn Sub (1.0)
Area: 02 - Key West
General Property Description
Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: No
Pool: No
Year Built: 1994
Lot Size: X
Lot SqFt: 2218
Acres: 0.05
Living Apx SqFt: 1306
SqFt Source: Property Data Card
Total Bedrooms: 3
Full Baths: 3
Total Baths: 3
Rentals Allowed: With Restrictions
Min Rental Days: 28
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of City License: 1
Building Style
Above Flood: Yes
Stories: 2 Stories
Financial Status
Bank Owned: No
Potential Short Sale: No
Standard Sale: Yes
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Property Condition: Updated/Remodeled
Building Style: Conch
Furnished: Negotiable
Cooling: Ceiling Fans(s); Ductless
Utilities: FKAA; Municipal Sewer; Well
Interior Features: Cathedral Ceilings; Fire Sprinkler; Quartz Countertops; Smoke Alarms
Pre-Wired: Cable
Appliances: Dishwasher; Dryer; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s); Washer
Construction: CBS; Frame
Floor: Wood
Roof: Metal Roof
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Room Information
Bedroom 2
Kitchen
Length: 11.70
Length: 11.70
Width: 12.96
Width: 12.96
Living Room
Length: 13.29
Length: 13.29
Width: 21.37
Width: 21.37
Bedroom 1
Length: 24.82
Length: 24.82
Width: 13.72
Width: 13.72
Listing Office: Suzanne Moore Real Estate
Last Updated: February - 24 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.
