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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
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.
