Nestled on a charming street in the heart of Old Town Key West, 1115 Varela Street is the renovation project that you have been waiting for. This historic treasure would be a perfect project for an investor, developer or anyone looking to restore a historic Key West gem. Currently configured as a 3BD/2BA with a large outside deck and an ideal positioned detached unfinished utility shed. The lot dimensions are 21 x 111. This will allow you the ability to build a pool and create an outdoor tropical oasis. Centrally located and in an X-flood zone make this property highly desirable. Schedule your private tour today!
For sale
Price cut: $50K (6/25)
$929,000
1115 Varela St, Key West, FL 33040
3beds
1,292sqft
Est.:
Single Family Residence
Built in 1948
2,178 Square Feet Lot
$-- Zestimate®
$719/sqft
$-- HOA
What's special
- 139 days
- on Zillow |
- 951 |
- 26 |
Zillow last checked: 7 hours ago
Listing updated: July 22, 2025 at 09:25am
Listed by:
Terry L Garcia 305-923-5124,
Keller Williams Key West Compass Realty
Source: FLKMLS,MLS#: 614191
Originating MLS: Key West Association

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Cooling
- Wall/Window Unit(s), Ceiling Fans(s)
Appliances
- Included: Dishwasher, Range, Refrigerator
Features
- Pantry, Storage, Utility Room
- Flooring: Vinyl
- Doors: Sliding Glass Doors
- Windows: Jalousie Windows, Awning Windows, Clam Shell
Interior area
- Total interior livable area: 1,292 sqft
Video & virtual tour
Property
Parking
- Parking features: Off Street
Accessibility
- Accessibility features: Parking
Features
- Patio & porch: Open Porch/Balcony
- Fencing: Fenced
- Water view: None
- Waterfront features: None, Dockage: None
Lot
- Size: 2,178 Square Feet
- Dimensions: 21 x 111
- Features: Less Than 1/4 Acre
Details
- Additional structures: Workshop, Shed(s)
- Parcel number: 00032880000000
- Zoning: HMDR
- Zoning description: Historic Medium Density Residential
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: A-Frame
- Property subtype: Single Family Residence
Materials
- Frame
- Roof: Metal
Condition
- Fixer
- New construction: No
- Year built: 1948
Utilities & green energy
- Electric: Elect Separate Meter
- Sewer: Municipal Sewer, Public Sewer
- Utilities for property: FKAA, Cable Available
Community & HOA
Community
- Security: No Security
- Subdivision: Gwynn Sub (1.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Key West
Financial & listing details
- Price per square foot: $719/sqft
- Tax assessed value: $752,942
- Annual tax amount: $1,088
- Date on market: 3/15/2025
- Listing terms: Cash,Conventional
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