1114 White Street, Key West, FL 33040

$1,995,000
Property Type: Residential Bedrooms: 1 Baths: 4 Square Footage: 3,660 Lot Size (sq. ft.): 5,201 Status: Closed
Current Price: $1,995,000 List Date: 2/11/2025 Last Modified: 6/25/2025

Description

An exceptional investment opportunity awaits in Old Town just south of Truman in the Gallery District on White Street. This income-producing property features four newly renovated (2023) commercial spaces and a legal leasable renovated residential apartment, offering a diverse and steady revenue stream. Located in the desirable X Flood Zone, this property is built for durability featuring impact windows and doors throughout. It boasts three separate entrances, providing flexibility for tenants and potential owner-occupants. This property also has the potential to be transformed into a luxurious 3,660 sq. ft. single-family residence. With its spacious layout and separate entrances, the commercial spaces could easily be repurposed into multiple bedrooms or living areas, creating an expansive home with distinct zones for relaxation, entertainment, and work. The bright, open floor plan, high ceilings, and updated finishes in the residential apartment already set the foundation for a seamless transition. Additionally, the 650 sq. ft. event space in the back could become a stunning great room or private studio, while the storage shed could be converted into a garage or additional outdoor living space. Whether you're looking for a spacious family home or a sophisticated live-work environment, this property offers incredible versatility to accommodate your vision. Call to schedule an appointment to see this property today!

More Information MLS# 613647

Contract Information

Current Price: $1,995,000 Listing Date: 2025-02-11 Listing Board: Key West Association Sold Price: $1,995,000 Potential Short Sale: No Bank Owned: No

Location Tax Legal

Street #: 1114 Street Name: White 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: 1945 Lot SqFt: 5201 Lot Sqft Source: Property Data Card Acres: 0.12 Living Apx SqFt: 3660 SqFt Source: Property Data Card Total Bedrooms: 1 Full Baths: 3 Half Baths: 1 Total Baths: 4 Rentals Allowed: With Restrictions

Status Change Info

Sold Date: 2025-06-24 Sold Price: $1,995,000 Status: Closed

Association Info

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

License Info

# of City License: 1

Building Style

Above Flood: Unknown

Financial Status

Bank Owned: No Potential Short Sale: No Standard Sale: Yes

Property Features

Fee Includes: None Tax Exemptions: None License Info: Non Trans Rntl Lic Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Building Style: Ground Level Furnished: Negotiable Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s) Heating: Central Utilities: FKAA Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Washer Construction: Concrete; Other Floor: Tile Roof: Other Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Cash; Conventional
Listing Office: Old Town Realty
Last Updated: June - 25 - 2025
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