927 Thomas Street 1, Key West, FL 33040

$1,169,000
Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,124 Lot Size (sq. ft.): 3,718 Status: Active
Current Price: $1,169,000 List Date: 10/01/2026 Last Modified: 10/06/2026

Description

Your Old Town Key West dream can start now -- with income built in. This exceptional 2-bedroom, 2.5-bath, townhouse-style condo offers a rare combination of Old Town lifestyle, flexible living space, and income-producing potential. Currently configured with a lock-off 1-bedroom apartment, the property offers an ideal opportunity for the future Key West homeowner: enjoy the larger 1 Bedroom, 1.5 Bath unit with private garden/patio as your own Key West retreat while the lock-off apartment provides substantial annual rental income. When the time comes to make Key West your full-time home, the property can be easily converted back to its original spacious 2-bedroom townhouse-style layout. A private gated entry opens to your own generous outdoor oasis, complete with a waterfall pond, large patio, and charming ''she-shed'' -- perfect for storage, an art studio, or entertaining. Inside, you'll find high ceilings, abundant natural light, generous storage, in-unit washer/dryers, and newer stainless-steel appliances. Just two blocks from Duval Street in the heart of Old Town's vibrant Bahama Village, you're surrounded by restaurants, galleries, shops, nightlife, and countless Key West attractions -- all within easy walking distance. Whether you're ready for a Key West home now or envision making the island your full-time home in the future, this is a rare opportunity to own your piece of Old Town, enjoy income along the way, and ultimately create the spacious Key West home you've been dreaming of. Some seller financing considered. Seller is a Florida Licensed Realtor. Photos 10-17 show Original Layout, 18=FloorPlan, 19-37 show Back Unit, 38-49 show Front Lock-Off Apt.

More Information MLS# 621479

Contract Information

Current Price: $1,169,000 Listing Date: 2026-10-01 Listing Board: Key West Association List Price: $1,169,000 As is Rght to Inspct: Yes

Location Tax Legal

Street #: 927 Street Name: Thomas 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 - Condo/Townhouse Style: Condo Waterfront: No Pool: No Year Built: 1908 Total Units: 5 Lot SqFt: 3718 Living Apx SqFt: 1124 SqFt Source: Property Data Card Total Bedrooms: 2 Full Baths: 2 Half Baths: 1 Total Baths: 3 Floor Number: 1 Rentals Allowed: With Restrictions Min Rental Days: 30

Status Change Info

Status: Active

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Association Fee $: 780 Assoc/Mnt Fee Per: Monthly

License Info

# of City License: 1

Building Style

Above Flood: Unknown Stories: 3 Stories

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Common Area Mnt; Exterminating; Sewer; Water; Other Tax Exemptions: None License Info: Non Trans Rntl Lic Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Furnished: Negotiable Cooling: Central Air; Wall/Window Unit(s) Utilities: Cable Available; Elect Separate Meter; FKAA; Municipal Sewer; Propane; Well Interior Features: Bar; Built-in Cabinets; Cathedral Ceilings; Drapes/Blinds Incl; Entrance Foyer; Fire Sprinkler; Pantry; Split Bedroom; Storage Appliances: Dishwasher; Dryer; Gas Appliances; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Rain Gutters; Shed; Storage; Water Display Accessibility Feat: None Construction: CBS; Combo Construction; Frame Shutters: Panel Floor: Laminate; Tile; Wood Roof: Combo Roof; Metal Roof; Other Roof Neighborhood Feature: Beach; Community Pool Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; Seller Finance Psble Title: Negotiable
Listing Office: Realty Executives Florida Keys Old Town
Last Updated: October - 06 - 2026
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