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318 Margaret Street, Key West, FL 33040
$900,000
Property Type:
Residential
Bedrooms:
2
Baths:
2
Square Footage:
1,463
Lot Size (sq. ft.):
2,889
Status:
Closed
Current Price:
$900,000
List Date:
5/20/2025
Last Modified:
8/27/2025
Description
Historic charm meets modern comfort in this beautifully preserved 1930 Conch cottage nestled in Key West's sought-after Historic Seaport district. This two-story, 2-bedroom, 2-bath home (approximately 1,463 sq ft) boasts classic Key West architecture - wood siding and a metal roof - along with inviting outdoor spaces including an open front porch and a private backyard oasis. Inside, airy living spaces feature hardwood and tile floors, a modern kitchen with granite countertops and stainless-steel appliances, and a flexible layout with a bedroom suite on each level for optimal privacy. The tropical back patio is ideal for relaxing or entertaining, complete with a heated swimming pool (plus a cascading waterfall), an outdoor shower, and lush landscaping behind a privacy fence. Practical comforts include a whole-house generator and a spacious storage shed, plus the coveted benefit of off-street parking - a rarity in Old Town. From this prime Old Town location, you can stroll to the Historic Seaport marina, local restaurants, boutiques, and the vibrant Duval Street nightlife. Whether you're seeking a personal island retreat or a high-demand vacation rental, this unique property delivers an inviting blend of timeless island charm and excellent investment potential. Please note that pictures were taken before furniture and art were removed. Property is unfurnished.
More Information MLS# 615096
Contract Information
Current Price: $900,000
Listing Date: 2025-05-19
Listing Board: Key West Association
Sold Price: $900,000
Location Tax Legal
Street #: 318
Street Name: Margaret
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Old Town - Unlisted (1.0)
Area: 02 - Key West
General Property Description
Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: No
Pool: Yes
Year Built: 1930
Lot SqFt: 2889
Acres: 0.07
Living Apx SqFt: 1463
SqFt Source: Tax Records
Total Bedrooms: 2
Full Baths: 2
Total Baths: 2
Rentals Allowed: With Restrictions
Min Rental Days: 29
Status Change Info
Sold Date: 2025-08-25
Sold Price: $900,000
Sold Comments: Thanks to all involved
Status: Closed
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Building Style
Above Flood: Unknown
Stories: 2 Stories
Vehicle Storage
Car(s): 1
Pool Info
Heated: Yes
Property Features
Fee Includes: None
Tax Exemptions: Homestead
Waterfront: None
Waterview: No Waterview
Dockage: None
Property Condition: Updated/Remodeled
Building Style: Conch
Vehicle Storage: Off Street Parking
Furnished: Unfurnished
Cooling: Ceiling Fans(s); Central Air
Utilities: Cable Available; FKAA; Municipal Sewer
Interior Features: Cathedral Ceilings; Drapes/Blinds Incl; Security System; Storage
Pre-Wired: Cable
Appliances: Dishwasher; Dryer; Microwave; Oven; Refrigerator; Washer; Wine Cooler
Exterior Features: Fencing; Outdoor Shower; Privacy Wall/Fence; Shed
Pool Info: In Ground
Construction: Frame
Shutters: Accordion
Floor: Laminate; Tile; Wood
Roof: Metal Roof
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Listing Office: Preferred Properties (KW)
Last Updated: August - 27 - 2025
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.
