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1016 Varela Street Rear, Key West, FL 33040
$1,175,000
Property Type:
Residential
Bedrooms:
3
Baths:
3
Square Footage:
1,306
Lot Size (sq. ft.):
2,218
Status:
Active
Current Price:
$1,175,000
List Date:
5/18/2026
Last Modified:
6/04/2026
Description
Tucked quietly behind neighboring homes in the heart of Key West, 1016 Varela St. Rear offers privacy, flexibility and an exceptional walkable lifestyle. From this convenient location, you can easily walk to beaches, restaurants, coffee shops and the local grocery store, allowing you to enjoy the best of Key West without a car.
Originally built in the early 1920's this historic home has been thoughtfully renovated, with the most recent renovations in 2024, blending the historic character with modern updates throughout. Interior features an updated kitchen with smart appliances, new updated bathrooms and beautiful hardwood floors, creating a comfortable and move-in ready space.
Impact windows and doors provide both storm protection and excellent sound insulation.
The property is accessed by a walkway that leads past neighboring homes, creating a quiet and private setting, that feels tucked away from the street while still being close to everything Old Town has to offer. A welcoming front porch provides a peaceful place to relax, while the backyard offers space for a future pool, storage and lots of warm Key West sunshine.
A separate second-Floor apartment mother in law Suite provides additional flexibility, ideal for visiting family, adult children or potential rental income while maintaining privacy between living spaces. The apartment can be accessed by a second property entrance via Watson Lane ideal if using as a rental.
For those that qualify, this property offers an assumable VA mortgage at very competitive rates.
1016 Varela St. Rear offers that rare combination of historic charm, modern updates and a location that truly captures the convenience of Old Town living.
More Information MLS# 619952
Contract Information
Current Price: $1,175,000
Listing Date: 2026-05-18
Listing Board: Key West Association
List Price: $1,175,000
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: Old Town - Unrecord (1.0)
Area: 01 - Key West
General Property Description
Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: No
Pool: No
Year Built: 1924
Lot Size: X
Lot SqFt: 2218
Acres: 0.03
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: Yes
1st Right of Refusal: No
Assoc/Mnt Fee Per: Yearly
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: Unfurnished
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: June - 04 - 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.
