1430 Vernon Avenue 1-2, Key West, FL 33040

$9,888,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,071 Lot Size (sq. ft.): 8,700 Status: Active
Current Price: $9,888,000 List Date: 4/27/2025 Last Modified: 2/16/2026

Description

Fabulous Find on the Atlantic Side of Key West! Welcome to a truly unique opportunity in the heart of Key West. As the last and only remaining undeveloped property in the Historic Commercial Tourist District (HCT zone), this listing presents a rare and final chance to create something extraordinary. Imagine waking up to breathtaking, unobstructed ocean and beach views every day. Seabirds passing overhead, gentle breezes arriving at your lanai—it's an experience like nowhere else. This is island living at its finest! Permitted HCT uses include: Single-family and two-family residential dwellings, Multiple-family residential dwellings, Restaurant, Business and professional offices, Hotels, Motels, transient lodging, and more. This two-story home comes equipped with two separate electric meters. This exceptional property is truly one of a kind, with no identical or closely similar listings anywhere in Key West. The ideal circumstances are here and now— an unparalleled combination of an oversized ocean-view lot, located just three blocks from Duval Street, the gateway to downtown. Spanning 8,700 square feet, this property offers ample space for your creative vision, whether you dream of building a luxurious residence, alongside a commercial venture boutique hotel, or restaurant, — this and more are supported by HCT zoning. This property is all about the excitement of shaping a new vision for a future in paradise. Let your imagination run wild and transform this blank canvas into something extraordinary. Don't miss out on this once-in-lifetime opportunity—call today for your private tour and start envisioning your future in Key West!

More Information MLS# 614801

Contract Information

Current Price: $9,888,000 Listing Date: 2025-04-27 Listing Board: Key West Association List Price: $9,888,000

Location Tax Legal

Street #: 1430 Street Name: Vernon Street Suffix: Avenue 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: Multi-family Style: Duplex Waterfront: Yes Pool: No Year Built: 1953 Lot Size: 75x111 Lot SqFt: 8700 Lot Sqft Source: Property Data Card Acres: 0.2 Living Apx SqFt: 2071 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

Status: Active

Association Info

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

Building Style

Above Flood: Unknown

Property Features

Fee Includes: None Tax Exemptions: Homestead License Info: Non Trans Rntl Lic Waterfront: Oceanfront Waterview: Ocean View Dockage: None Vehicle Storage: Off Street Parking Cooling: Ceiling Fans(s); Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Interior Features: Storage Appliances: Dishwasher; Oven; Range; Refrigerator Exterior Features: Sandy Beach; Shed Construction: CBS Shutters: Panel Floor: Tile Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Beach Land Size: Less Than 1/4 Acre Terms: Cash; Conventional
Listing Office: Keys Top Realty LLC
Last Updated: February - 16 - 2026
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