Opportunity meets location in the heart of Key West's increasingly sought-after Bahama Village. Situated on a generously sized lot, 316 Virginia Street offers an exciting opportunity to expand, renovate and reimagine, creating a quintessential Key West retreat in one of the island's most vibrant and evolving neighborhoods. The property's standout feature is the size and versatility of the lot. A large backyard provides plenty of room for a pool and outdoor living, while off-street parking along the side of the property adds a highly desirable Key West convenience. With no significant tree obstacles to design around, the property offers greater flexibility when planning a renovation and making the most of the outdoor space. And then there's the location. Steps from Truman Waterfront Park, Amphitheater and Fort Zachary Taylor Historic State Park--home to Key West's most beloved beach--some of the island's best recreation is practically at your doorstep. Iconic Key West destinations including Duval Street, the Southernmost Point, and the Key West Lighthouse are also just blocks away. With Bahama Village continuing to draw attention for its unique island flavor, walkability, restaurants, entertainment, and proximity to the waterfront, this property is an opportunity to transform an existing Key West cottage into something truly special--with the lot, parking, backyard, and location to bring the vision together. A large lot. Room for a pool. Off-street parking. An exceptional Key West location--and endless potential.