Priced to Sell in Old Town!aTucked away on a quiet lane, this versatile Key West home offers unbeatable value and rare featuresa"including the only home in Old Town with a private pool under $1M.The main living space upstairs includes 1 bedroom, 1 bathroom, a full kitchen, dining room, and living room, all with a comfortable layout and great potential for easy modern updates to match your style. Step outside to enjoy your private deck, balcony, and inviting pool, perfect for relaxing or entertaining.Downstairs, a separate lock-out unit provides excellent flexibility with 2 bedrooms, 1.5 baths, and its own private entrancea"ideal for guests, or extended family.Additional highlights include a garage, a highly sought-after feature in Old Town, and an X flood zone location, meaning no flood insurance is required in most cases.With its rare amenities, flexible layout, quiet setting, and opportunity to add your personal touch, this property is a standout find. Create your ideal Old Town retreat or income-producing getaway!
For sale
$950,000
1022 Watson Ln, Key West, FL 33040
3beds
968sqft
Est.:
Single Family Residence
Built in 1934
1,742.4 Square Feet Lot
$-- Zestimate®
$981/sqft
$-- HOA
What's special
Private poolPrivate deckMain living space upstairsInviting poolDining roomFull kitchen
- 2 hours |
- 293 |
- 19 |
Zillow last checked: 8 hours ago
Listing updated: 16 hours ago
Listed by:
Nick Norman 657-730-8963,
Island Life Realty Experts
Source: FLKMLS,MLS#: 617812
Originating MLS: Key West Association
Originating MLS: Key West AssociationTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Washer, Stainless Steel Appliance(s), Freezer, Disposal, Microwave, Oven, Refrigerator, Dishwasher, Dryer
Features
- Flooring: Wood
- Doors: French Doors
- Windows: Single Hung Windows, Other
Interior area
- Total interior livable area: 968 sqft
Property
Parking
- Parking features: Garage
- Has garage: Yes
Accessibility
- Accessibility features: No
Features
- Levels: Two
- Stories: 2
- Patio & porch: Open Porch/Balcony, Deck
- Exterior features: Water Display, Storage
- Has private pool: Yes
- Pool features: In Ground, Decked, Concrete
- Fencing: Privacy
- Water view: None
- Waterfront features: None, Dockage: None
Lot
- Size: 1,742.4 Square Feet
- Features: Less Than 1/4 Acre
Details
- Parcel number: 00032610000100
- Zoning: HMDR
- Zoning description: Historic Medium Density Residential
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame
Condition
- Year built: 1934
Utilities & green energy
- Sewer: Municipal Sewer, Public Sewer
- Utilities for property: FKAA
Community & HOA
Community
- Subdivision: Gwynn Sub (1.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Key West
Financial & listing details
- Price per square foot: $981/sqft
- Tax assessed value: $655,279
- Annual tax amount: $3,591
- Date on market: 12/23/2025
- Listing terms: Cash,FHA,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/23/2025 | Listed for sale | $950,000+35.7%$981/sqft |
Source:  Key West AOR #617812 Report a problem | ||
| 8/1/2006 | Sold | $700,000+118.8%$723/sqft |
Source:  FLKMLS #101946 Report a problem | ||
| 8/31/1999 | Sold | $320,000+14.3%$331/sqft |
Source: FLKMLS #415372 Report a problem | ||
| 9/2/1997 | Sold | $280,000$289/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,592 +5.1% | $409,573 +2.9% |
| 2024 | $3,416 +1.9% | $398,031 +3% |
| 2023 | $3,352 +4.6% | $386,438 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$5,471/mo
Principal & interest
$4489
Property taxes
$649
Home insurance
$333
Climate risks
Neighborhood: Old Town
Nearby schools
GreatSchools rating
- 3/10Horace O'bryant SchoolGrades: PK-8Distance: 0.4 mi
- 4/10Key West High SchoolGrades: 9-12Distance: 0.9 mi
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