1223 Margaret Street 4, Key West, FL 33040

$2,849,000
Property Type: Residential Bedrooms: 4 Baths: 5 Square Footage: 2,412 Lot Size (sq. ft.): 3,292 Status: Active
Current Price: $2,849,000 List Date: 12/10/2025 Last Modified: 4/09/2026

Description

GORGEOUS Old Town Key West Luxury EXCELLENT VACATION RENTAL! Large 3 Story Single Family Home with Pool, Guest Cottage & Off Street Parking! Sleeps 10 people! Escape to paradise in this exquisite 2412sf 3 story home located in Old Town Key West close to the Casa Marina area. A rare blend of historic charm and luxury, this fully furnished, turnkey property invites you to live the island dream or step into a ready-to-go monthly vacation rental opportunity. Inside, discover airy open living spaces filled with natural light, high ceilings, and elegant finishes. The kitchen boasts stainless steel appliances, custom cabinetry, and a spacious layout perfect for entertaining. Each of the three bedrooms features a private en-suite bath, with an additional half bath for guests. 2 master suites, 1 located on its own floor offers a flexible bonus room--ideal as a 4th bedroom, home office, or private retreat. Step outside to your private resort-style oasis. Lounge by the in-ground concrete heated pool, with hot tub and water fall feature, relax on the front and back porches, or stroll the brick-paved path thru lush tropical landscaping. Property is fully fenced with a white picket fence offering charm and character as well as for privacy. Has an off-street parking spot in the back as well as off street parking in the front and guest parking on the side, a luxury in Old Town. The guest cottage provides a perfect hideaway with its own full bathroom and multifunctional living/bedroom setup perfect for a futon or Murphy bed--ideal for guests, remote work, or rental flexibility. 4 cruiser bikes included for effortless island exploration. Steps from fine dining, world-class beaches, and vibrant Duval Street, this home delivers the perfect balance of luxury, convenience, and investment potential. Live the ultimate Key West lifestyle--move in, relax, and start earning $$$ from day 1! 1st Floor 720SF 2nd Floor 720SF 3rd Floor 812SF Pool House 160

More Information MLS# 617658

Contract Information

Current Price: $2,849,000 Listing Date: 2025-12-10 Listing Board: Key West Association List Price: $2,849,000 As is Rght to Inspct: No Species List: No

Location Tax Legal

Street #: 1223 Street Name: Margaret Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Key West Investment Co Sub (1.0) Area: 02 - Key West

General Property Description

Realtor.COM Type: Residential - Single Family Style: Condo Waterfront: No Pool: Yes Year Built: 1999 Lot SqFt: 3292 Lot Sqft Source: Property Data Card Acres: 0.08 Living Apx SqFt: 2412 SqFt Source: Property Data Card Total Bedrooms: 4 Full Baths: 4 Half Baths: 1 Total Baths: 5 Rentals Allowed: With Restrictions Min Rental Days: 28

Status Change Info

Status: Active

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Assoc Approval Req: No Association Fee $: 400 Assoc/Mnt Fee Per: Yearly

License Info

# of City License: 1 # of County License: 1

Building Style

Above Flood: Yes Stories: 3 Stories

Vehicle Storage

Car(s): 2

Specialty Rooms

Guest/Servant Qtrs: Legal

Pool Info

Heated: Yes

Property Features

Fee Includes: Other Tax Exemptions: None License Info: Non Trans Rntl Lic Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Vehicle Storage: Guest Parking; Off Street Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s) Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Interior Features: Built-in Cabinets; Entrance Foyer; Smoke Alarms; Split Bedroom; Storage; Window Treatments Pre-Wired: Cable Specialty Rooms: Other Appliances: Dishwasher; Disposal; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Detached Guest Qtrs; Fencing; Lighting; Privacy Wall/Fence; Water Display Pool Info: In Ground; Concrete; Decked Construction: Frame Shutters: Other Floor: Tile; Wood Roof: Metal Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; VA Title: Negotiable
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: April - 09 - 2026
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