1117 Duval Street, Key West, FL 33040

New Listing
$9,950,000
Property Type: Commercial Sale Bedrooms: 7 Baths: 8 Lot Size (sq. ft.): 3,558 Status: Active
Current Price: $9,950,000 List Date: 5/26/2026 Last Modified: 5/27/2026

Description

Where Prohibition-Era Legend Meets Modern Key West Hospitality. Historic Key West Boutique Inn on Duval Street | 7 Licensed Transient Accommodations. A rare opportunity to acquire one of Key West's most iconic hospitality properties, ideally positioned on world-famous Duval Street in the heart of Old Town. The offering includes the real estate and lodging operation of the renowned Speakeasy Inn, featuring 7 licensed transient accommodations and a rich history deeply woven into the fabric of Key West's colorful past. Originally owned by legendary rum-runner Raul Vasquez during the Prohibition Era, the property served as a hub for the importation of spirits from Cuba into Key West. The home remains one of only a handful of residences in Key West with a basement, historically utilized to conceal smuggled rum during the 1920s and early 1930s. Distinctive architectural details, including the property's famous Cuban-imported porch balustrades depicting liquor bottles and playing-card symbols, stand today as enduring reminders of its fascinating past. Over the past several years, ownership has undertaken an extensive renovation program throughout the inn. All guest accommodations have been thoughtfully updated with new bathrooms, furnishings, interior and exterior paint, modern mini-split air conditioning systems, and significant capital improvements including a new roof and gutter system completed within the past 3 years. The result is a turnkey boutique lodging property that seamlessly blends historic Key West character with contemporary guest expectations. Located steps from the Southernmost Point, beaches, galleries, restaurants, and nightlife, the property enjoys exceptional year-round tourism demand and benefits from valuable transient licensing in one of Florida's most supply-constrained lodging markets. As an additional benefit to investors, current ownership intends to lease back & continue operating the Rum Bar located on the ground floor. *Seller is FL Realtor

More Information MLS# 620044

Contract Information

Current Price: $9,950,000 Listing Date: 2026-05-26 Listing Board: Key West Association List Price: $9,950,000 Limited Representation: No Potential Short Sale: No Bank Owned: No

Location Tax Legal

Street #: 1117 Street Name: Duval Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 Subdivision: Old Town - Unlisted (1.0) County: Monroe Area: 02 - Key West

General Property Description

Realtor.COM Type: Commercial Style: Commercial Lot Size: 43 X 81 Lot SqFt: 3558 Waterfront: No Business Name: Speakeasy Inn # Stories: 2 Building SqFt: 2779 SqFt Source: Property Data Card Total Units: 7 Year Built: 1943 Total Bedrooms: 7 Full Baths: 7 Half Baths: 1 Total Baths: 8

Status Change Info

Status: Active

License Info

# of Transient Licns: 7

Association Info

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

Misc Property Info

Recorded Plat: Yes

Property Info

1 Bed/Bath: 7

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

License Info: Other/See Remarks Property Info: License Included Type: Hotel/Motel Waterfront: None Waterview: No Waterview Dockage: None Cooling: Ceiling Fans(s); Wall/Window Unit(s) Utilities: Buyer to Verify; FKAA; Municipal Sewer Interior Features: Cathedral Ceilings; Drapes/Blinds Incl; Furnished; Laundry Room; Smoke Alarms; Wet Bar; Window Treatments Appliances: Dryer; Washer Miscellaneous: High Traffc Location; High Visibility; Patio; Utility Building Construction: Frame Floor: Tile Roof: Metal Roof Land Size: Less Than 1/4 Acre Fee Includes: None Property Rights: Transient License; Other/See Remarks
Listing Office: Truman & Co. (KW)
Last Updated: May - 27 - 2026
Broker Attribution: 3054324848

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