Historic charm meets modern comfort in this beautifully preserved 1930 Conch cottage nestled in Key West's sought-after Historic Seaport district. This two-story, 2-bedroom, 2-bath home (approximately 1,463 sq ft) boasts classic Key West architecture - wood siding and a metal roof - along with inviting outdoor spaces including an open front porch and a private backyard oasis. Inside, airy living spaces feature hardwood and tile floors, a modern kitchen with granite countertops and stainless-steel appliances, and a flexible layout with a bedroom suite on each level for optimal privacy. The tropical back patio is ideal for relaxing or entertaining, complete with a heated swimming pool (plus a cascading waterfall), an outdoor shower, and lush landscaping behind a privacy fence. Practical comforts include a whole-house generator and a spacious storage shed, plus the coveted benefit of off-street parking - a rarity in Old Town. From this prime Old Town location, you can stroll to the Historic Seaport marina, local restaurants, boutiques, and the vibrant Duval Street nightlife. Whether you're seeking a personal island retreat or a high-demand vacation rental, this unique property delivers an inviting blend of timeless island charm and excellent investment potential. Please note that pictures were taken before furniture and art were removed. Property is unfurnished.
Under contract
Price cut: $65K (6/19)
$1,325,000
318 Margaret St, Key West, FL 33040
2beds
1,463sqft
Est.:
Single Family Residence
Built in 1930
3,049.2 Square Feet Lot
$1,242,600 Zestimate®
$906/sqft
$-- HOA
What's special
Privacy fenceMetal roofHeated swimming poolGranite countertopsPrivate backyard oasisFlexible layoutOpen front porch
- 93 days
- on Zillow |
- 151 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: June 26, 2025 at 02:00am
Listed by:
Jose Wenzel, PA 305-395-1381,
Preferred Properties (KW),
Philip Lawrence Lavoie 317-292-4423,
Preferred Properties (KW)
Source: FLKMLS,MLS#: 615096
Originating MLS: Key West Association

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Washer, Wine Cooler, Microwave, Oven, Refrigerator, Dishwasher, Dryer
Features
- Storage, Cathedral Ceiling(s)
- Flooring: Tile, Laminate, Wood
- Windows: Drapes/Blinds Incl, Accordion
Interior area
- Total interior livable area: 1,463 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Off Street
Features
- Levels: Two
- Stories: 2
- Patio & porch: Open Porch/Balcony, Deck
- Exterior features: Outdoor Shower
- Has private pool: Yes
- Pool features: Heated, In Ground
- Fencing: Fenced,Privacy
- Water view: None
- Waterfront features: None, Dockage: None
Lot
- Size: 3,049.2 Square Feet
- Features: Less Than 1/4 Acre
Details
- Additional structures: Shed(s)
- Parcel number: 00003040000000
- Zoning: HMDR
- Zoning description: Historic Medium Density Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Conch
- Property subtype: Single Family Residence
Materials
- Frame
- Roof: Metal
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Municipal Sewer, Public Sewer
- Utilities for property: FKAA, Cable Available, Cable Connected
Community & HOA
Community
- Security: Security System
- Subdivision: Old Town - Unlisted (1.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Key West
Financial & listing details
- Price per square foot: $906/sqft
- Tax assessed value: $1,750,194
- Annual tax amount: $6,941
- Date on market: 5/20/2025
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