1224 Flagler Avenue, Key West, FL 33040

$1,349,000
Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 2,146 Lot Size (sq. ft.): 3,080 Status: Pending
Current Price: $1,349,000 List Date: 12/01/2025 Last Modified: 2/26/2026

Description

Step onto the grounds of 1224 Flagler Avenue and discover a versatile property brimming with possibility. This legal duplex with an additional private mother in-law suite offers flexible living arrangements and exceptional rental income potential. It's an ideal opportunity for investors, multi-generational households or anyone seeking both comfort and return. Unit B, on the right, is a stylishly updated 2 bed/1bath home featuring new flooring, a renovated kitchen with stainless steel appliances, and its own washer and dryer. Offered fully furnished and turnkey, it opens to a charming shared backyard perfect for outdoor dining, lounging, or enjoying the Key West breeze. Tucked into the back corner is the separate 1 bed/1bath mother-in-law suite, complete with its own entrance. Whether used for guests, extended family, or additional rental income, this private space adds valuable versatility. On the left, Unit A offers a comfortable 2 bed/2 bath layout with tile floors throughout, a functional kitchen with island seating, glass doors leading to a private fenced backyard, and its own washer and dryer. With a light refresh, it can easily transform into a delightful long-term residence or sought-after rental. Fully fenced along the back and side yard, the property feels tucked away yet remains moments from beaches, shops, schools, and all the charm of Old Town. Blending flexibility, strong income potential, and space to customize, 1224 Flagler Avenue is a rare Key West find perfectly suited to meet your needs while generating multiple revenue streams.

More Information MLS# 617518

Contract Information

Current Price: $1,349,000 Listing Date: 2025-12-01 Listing Board: Key West Association List Price: $1,349,000 Potential Short Sale: No Bank Owned: No

Location Tax Legal

Street #: 1224 Street Name: Flagler Street Suffix: Avenue Key/Island: Key West State/Province: FL Zip Code: 33040 County: Monroe Subdivision: East Martello Towers (2.0) Area: 03 - Key West

General Property Description

Realtor.COM Type: Multi-family Style: Duplex Waterfront: No Pool: No Year Built: 1958 Total Units: 3 Lot SqFt: 3080 Lot Sqft Source: Property Data Card Acres: 0.14 Living Apx SqFt: 2146 SqFt Source: Property Data Card Total Bedrooms: 5 Full Baths: 4 Total Baths: 4 Rentals Allowed: With Restrictions Min Rental Days: 28

Status Change Info

Contingent: Contingent/Show Status: Pending

Association Info

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

Building Style

Above Flood: Unknown

Appliances

Other: 2 sets washer/dryer

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Building Style: Ground Level Vehicle Storage: Off Street Parking Cooling: Central Air Utilities: Buyer to Verify; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Interior Features: Built-in Cabinets; Drapes/Blinds Incl Specialty Rooms: Laundry Room Appliances: Dryer; Oven; Range; Refrigerator; Washer Exterior Features: Fencing; Shed Construction: CBS Floor: Tile Roof: Metal Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Cash; Conventional
Listing Office: Truman & Co. (KW)
Last Updated: February - 26 - 2026
Broker Attribution: 3054324848

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