Located in Old Town of Key West, this 2412 Sq Ft, 3-story single-family home offers the perfect blend of space, comfort, and island charm. The main house features 3 spacious en-suite bedrooms and 3.5 bathrooms, providing plenty of privacy for family and guests. The 2nd floor has 2 en-suite bedrooms and the 3rd floor features a spacious full-floor primary suite, complete with a sitting room that can easily serve as a fourth bedroom or a home office. The property includes a guest house with a full bathroom, ideal for visitors. Exit the sliding glass doors and you'll find a private in-ground heated pool, creating a tranquil oasis for relaxing and entertaining. This home embodies the best of the Key West lifestyle. Enjoy an easy walk to world-famous Duval Street, Higgs Beach, the White Street Pier, the Historic Seaport District, and many of Key West's renowned restaurants, galleries, and shops. Off-street parking is available at the rear of the house, and there is space to park out front. The property has a strong vacation rental history, making it an excellent investment opportunity, and is located in the X flood zone. Whether you're looking for a full-time residence, a vacation home, or an income-producing property, this single-family home has it all. Experience the best of island living in this exceptional Key West getaway.
Sold for $2,000,000 on 03/31/25
$2,000,000
1223 Margaret St, Key West, FL 33040
3beds
2,412sqft
Single Family Residence
Built in 1999
3,484.8 Square Feet Lot
$2,012,000 Zestimate®
$829/sqft
$9,281 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: March 31, 2025 at 08:10am
Listed by:
Tom McLaughlin 305-850-4100,
Coldwell Banker Schmitt Real Estate Co. (KW)
Bought with:
Robin G Nilsson, 3382004
Keller Williams Key West Compass Realty
Gregg Powers, 3553942
Keller Williams Key West Compass Realty
Source: FLKMLS,MLS#: 612955
Originating MLS: Key West Association

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Included: Washer, Stainless Steel Appliance(s), Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
Features
- Built-in Cabinets, Entrance Foyer
- Flooring: Tile, Wood
- Doors: Sliding Glass Doors
- Windows: Drapes/Blinds Incl, Double Hung Windows, Impact Rstnce Window, Other
- Furnished: Yes
Interior area
- Total interior livable area: 2,412 sqft
Property
Parking
- Total spaces: 1
- Parking features: Off Street
Accessibility
- Accessibility features: No
Features
- Levels: 3 Stories
- Stories: 3
- Has private pool: Yes
- Pool features: Heated, In Ground, Concrete
- Water view: None
- Waterfront features: None, Dockage: None
Lot
- Size: 3,484 sqft
- Features: Less Than 1/4 Acre
Details
- Additional structures: Detached Guest Qtrs
- Parcel number: 00029650000104
- Zoning: HMDR
- Zoning description: Historic Medium Density Residential
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame
- Roof: Metal
Condition
- Year built: 1999
Utilities & green energy
- Sewer: Municipal Sewer, Public Sewer
- Utilities for property: FKAA, Cable Available, Cable Connected
Community & neighborhood
Security
- Security features: Smoke Detector(s), Security System
Location
- Region: Key West
- Subdivision: Key West Investment Co Sub (1.0)
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $500 yearly
- Services included: None