1022 Watson Lane, Key West, FL 33040

$950,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 968 Lot Size (sq. ft.): 1,535 Status: Active
Current Price: $950,000 List Date: 12/23/2025 Last Modified: 3/01/2026

Description

Priced to Sell in Old Town! Tucked away on a quiet lane, this versatile Key West home offers unbeatable value and rare features including the only home in Old Town with a private pool under $1M. The main living space upstairs includes 1 bedroom, 1 bathroom, a full kitchen, dining room, and living room, all with a comfortable layout and great potential for easy modern updates to match your style. Step outside to enjoy your private deck, balcony, and inviting pool, perfect for relaxing or entertaining. Downstairs, a separate lock-out unit provides excellent flexibility with 2 bedrooms, 1.5 baths, and its own private entrance, ideal for guests or extended family. Additional highlights include a garage, a highly sought-after feature in Old Town, and an X flood zone location, meaning no flood insurance is required in most cases. With its rare amenities, flexible layout, quiet setting, and opportunity to add your personal touch, this property is a standout find. Create your ideal Old Town retreat or income-producing getaway!

More Information MLS# 617812

Contract Information

Current Price: $950,000 Listing Date: 2025-12-22 Listing Board: Key West Association List Price: $950,000

Location Tax Legal

Street #: 1022 Street Name: Watson Street Suffix: Lane 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: Yes Year Built: 1934 Lot SqFt: 1535 Acres: 0.04 Living Apx SqFt: 968 SqFt Source: Tax Records Total Bedrooms: 3 Full Baths: 2 Half Baths: 1 Total Baths: 3 Rentals Allowed: Yes

Status Change Info

Status: Active

Association Info

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

Building Style

Above Flood: Yes Stories: 2 Stories

Property Features

Fee Includes: None Tax Exemptions: Homestead Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Garage Furnished: Unfurnished Cooling: Ceiling Fans(s); Central Air Utilities: FKAA; Municipal Sewer Appliances: Dishwasher; Disposal; Dryer; Freezer; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Privacy Wall/Fence; Storage; Water Display Pool Info: In Ground; Concrete; Decked Construction: Frame Shutters: Other Floor: Wood Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; FHA Title: Negotiable

Room Information

Full Bathroom Level: Second Bedroom 1 Level: Second Living Room Level: Second Kitchen Level: Second Dining Room Level: Second Bedroom 2 Level: Main Bedroom 3 Level: Main Full Bathroom Level: Main Half Bathroom Level: Main
Listing Office: Island Life Realty Experts
Last Updated: March - 01 - 2026
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