1115 Varela Street, Key West, FL 33040
$775,000
Property Type:
Residential
Bedrooms:
3
Baths:
2
Square Footage:
1,292
Lot Size (sq. ft.):
2,324
Status:
Contingent/Show
Current Price:
$775,000
List Date:
9/22/2025
Last Modified:
2/28/2026
Description
Nestled on a charming street in the heart of Old Town Key West, 1115 Varela Street is the renovation project that you have been waiting for. This historic treasure would be a perfect project for an investor, developer or anyone looking to restore a historic Key West gem. Currently configured as a 3BD/2BA with a large outside deck and an ideal positioned detached unfinished utility shed. The lot dimensions are 21 x 111. This will allow you the ability to build a pool and create an outdoor tropical oasis. Centrally located and in an X-flood zone make this property highly desirable. Schedule your private tour today! Priced to sell!
More Information MLS# 616582
Contract Information
Current Price: $775,000
Listing Date: 2025-09-22
Listing Board: Key West Association
List Price: $775,000
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Location Tax Legal
Street #: 1115
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: 1948
Total Units: 1
Lot Size: 21 X 111
Lot SqFt: 2324
Lot Sqft Source: Property Data Card
Acres: 0.05
Living Apx SqFt: 1292
SqFt Source: Property Data Card
Total Bedrooms: 3
Full Baths: 2
Total Baths: 2
Rentals Allowed: With Restrictions
Min Rental Days: 30
Status Change Info
Contingent: Contingent/Show
Contingent Remarks: Inspections
Status: Contingent/Show
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
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: Fixer Upper
Building Style: A-Frame
Vehicle Storage: Open Parking
Furnished: Unfurnished
Cooling: Ceiling Fans(s); Wall/Window Unit(s)
Heating: None
Utilities: Cable Available; Elect Separate Meter; FKAA; Municipal Sewer
Interior Features: Pantry; Storage
Appliances: Dishwasher; Range
Exterior Features: Fencing; Shed
Accessibility Feat: Parking
Construction: Frame
Shutters: Clam Shell
Floor: Vinyl
Roof: Metal Roof
Pets: Pets Allowed
Security: No Security
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; No Seller Finance
Title: Negotiable
Room Information
Bedroom 1
Length: 11.60
Level: Main
Length: 11.60
Width: 13.80
Width: 13.80
Remarks: MAIN FLOOR BR
Bedroom 2
Length: 16.00
Level: Second
Length: 16.00
Width: 9.80
Width: 9.80
Remarks: UPSTAIRS BR 1
Bedroom 3
Length: 16.00
Level: Second
Length: 16.00
Width: 9.20
Width: 9.20
Remarks: UPSTAIRS BR 2
Full Bathroom
Length: 4.20
Level: Main
Length: 4.20
Width: 13.80
Width: 13.80
Remarks: MAIN FLOOR BATH
Full Bathroom
Length: 9.10
Level: Second
Length: 9.10
Width: 9.80
Width: 9.80
Remarks: UPSTAIRS BATH ROOM
Kitchen
Length: 16.00
Level: Main
Length: 16.00
Width: 9.60
Width: 9.60
Dining Room
Length: 12.80
Level: Main
Length: 12.80
Width: 9.70
Width: 9.70
Living Room
Length: 16.00
Level: Main
Length: 16.00
Width: 9.50
Width: 9.50
Listing Office: Keller Williams Key West Compass Realty
Last Updated: February - 28 - 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.
