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Sold for $850,000 on 10/31/25
  • $850,000

    308 Peacon Ln, Key West, FL 33040

    3beds
    1,296sqft
    Duplex, Multi Family
    Built in 1923
    -- sqft lot
    $-- Zestimate®
    $656/sqft
    $7,402 Estimated rent

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    $4,958/mo

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    What's special

    Yes - not too good to be true or a misprint! Priced to sell for just $990,000 with this $400,000 price reduction. Rare 2 unit property in Old Town! Enjoy Key West living on one of our most picturesque Old Town lanes. Located in the heart of the historic district and near the seaport, everything you want in Key West is right out your door. Built in the early 1900s, over the years the home was converted into a legal 2-unit property with separate water & electric accounts. The configuration is upstairs (large 1 BR & 1 BA with a sleeping loft) and downstairs (2 BR & 1.5 BA) units, with an exterior staircase. Both units have a front & rear porch, balcony, or deck. For your parking convenience, an off-street spot is in front of the property.Prime location, opportunity & value!

    Zillow last checked: 7 hours ago

    Listing updated: October 31, 2025 at 04:27am

    Listed by:

    Vic Musmanno 305-304-2623,

    Coldwell Banker Schmitt Real Estate Co. (KW)

    Bought with:

    Vic Musmanno, 673105

    Coldwell Banker Schmitt Real Estate Co. (KW)

    Source: FLKMLS,MLS#: 612553MLS LogoOriginating MLS: Key West Association

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Cooling
    • Wall/Window Unit(s), Ceiling Fans(s)
    Appliances
    • Included: YES
    Features
    • Flooring: Tile, Laminate, Wood
    • Doors: French Doors
    • Windows: Double Hung Windows
    Interior area
    • Total interior livable area: 1,296 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Off Street
    Features
    • Patio & porch: Open Porch/Balcony, Deck, Patio
    • Exterior features: Storage
    • Fencing: Fenced
    • Water view: None
    • Waterfront features: None, Dockage: None
    Lot
    • Size: 1,978 sqft
    • Dimensions: 22.5 x 93
    • Features: Less Than 1/4 Acre
    Details
    • Additional structures: Shed(s)
    • Parcel number: 00003620000100
    • Zoning: HMDR
    • Zoning description: Historic Medium Density Residential

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family
    • Attached to another structure: Yes
    Materials
    • Frame
    • Roof: Metal
    Condition
    • Year built: 1923

    Utilities & green energy

    • Electric: Elect Separate Meter
    • Sewer: Municipal Sewer, Public Sewer
    • Water: Water Separate Meter
    • Utilities for property: FKAA, Cable Available, Buyer to Verify

    Community & neighborhood

    Community
    • Community features: Other
    Location
    • Region: Key West
    • Subdivision: Old Town - Unrecord (1.0)

    HOA & financial

    HOA
    • Has HOA: No
    • Services included: None

    Other

    Other facts
    • Listing terms: Cash,Conventional