3707 Paula Avenue, Key West, FL 33040

$950,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,552 Lot Size (sq. ft.): 5,500 Status: Contingent
Current Price: $950,000 List Date: 1/08/2026 Last Modified: 2/18/2026

Description

Opportunities like this don't come around often. Discover the perfect blend of an income-producing legal duplex and the privacy of a beautifully renovated primary home in New Town, Key West. The primary home offers 2 bedrooms and 2 baths, featuring many upscale touches throughout, including a gorgeous, renovated gourmet kitchen ideal for entertaining or everyday living. The very spacious primary suite includes a luxurious ensuite bath and opens directly to a private backyard oasis, completely separate from the rental unit. The detached 1-bedroom, 1-bathroom cottage has a full kitchen and a washer and dryer. It also features its own outdoor living spaces. The cottage provides excellent income potential or a comfortable space for guests and family. Enjoy quiet island living while generating additional income—3707 Paula Ave truly delivers the best of both worlds.

More Information MLS# 617985

Contract Information

Current Price: $950,000 Listing Date: 2026-01-07 Listing Board: Key West Association List Price: $950,000

Location Tax Legal

Street #: 3707 Street Name: Paula Street Suffix: Avenue Key/Island: Key West State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Pearlman Est (4.0) Area: 04 - Key West

General Property Description

Realtor.COM Type: Multi-family Style: Duplex Waterfront: No Pool: No Year Built: 1963 Lot SqFt: 5500 Acres: 0.13 Living Apx SqFt: 1552 SqFt Source: Property Data Card Total Bedrooms: 3 Full Baths: 3 Total Baths: 3 Rentals Allowed: With Restrictions

Status Change Info

Contingent: Contingent Status: Contingent

Association Info

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

Building Style

Above Flood: Unknown

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Vehicle Storage: Covered Parking; Off Street Parking Furnished: Unfurnished Cooling: Central Air Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Specialty Rooms: Laundry Room Appliances: Dishwasher; Dryer; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Outdoor Shower; Storage Construction: CBS Shutters: Panel Floor: Tile Roof: Metal Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Cash; Conventional
Listing Office: Coastal Collection Real Estate Inc.
Last Updated: February - 18 - 2026
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