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
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