Skip main navigation
For sale
  • $1,425,000

    1111 Watson St APT B, Key West, FL 33040

    2beds
    1,250sqft
    : 
    Single Family Residence
    Built in 1978
    1,742.4 Square Feet Lot
    $1,328,600 Zestimate®
    $1,140/sqft
    $292/mo HOA

    What's special

    🌴 Secret Garden Cottage in the Heart of Old Town 🌴Tucked inside a quiet, gated enclave on Watson Street, this charming 2-bedroom, 1-bath cottage offers a rare blend of serenity and walkable Key West living. Grocery stores, favorite restaurants, Bayview Park, Higgs Beach, the Historic Seaport, and Duval Street are all nearby--most days you can bike or walk everywhere and barely use your car.Enter through the gate and follow a palm-lined brick path to a shared secret garden oasis, surrounded by lush landscaping, orchids, colorful blooms, and tranquil water features. By night, the softly lit pathways transform the property into a peaceful, magical retreat.Inside, the home feels like a warm embrace--cozy yet spacious, intimate yet open. Vaulted open-beam ceilings and natural light enhance the inviting living space, while the updated kitchen features quartz countertops, stainless steel appliances, custom cabinetry, and a sunny nook overlooking the pool and gardens. The bathroom retains its classic charm, adding to the cottage's authentic island character.Enjoy easy living with a private patio, keyless touchpad entry, a quiet setting and a sense of community that often turns neighbors into friends. The shared heated pool and spa invite impromptu happy hours--or quiet relaxation. Join in or keep to yourself. This is Key West living at its most effortless.A hidden gem that is truly unexpected, in a secluded tropical oasis. Your secret escape. Come see it for yourself.
    24 days
    |
    1,504
    |
    68
    |

    Zillow last checked: 8 hours ago

    Listing updated: February 25, 2026 at 04:44am

    Listed by:

    Juan Alberto Benitez 305-587-9230,

    Keller Williams Key West Compass Realty

    Source: FLKMLS,MLS#: 618516MLS LogoOriginating MLS: Key West Association

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Cooling
    • Ceiling Fans(s), Ductless
    Appliances
    • Included: Washer, Stainless Steel Appliance(s), Microwave, Refrigerator, Dishwasher, Dryer
    Features
    • Quartz Countertops, Dade County Pine, Built-in Cabinets, Cathedral Ceiling(s)
    • Flooring: Tile, Laminate
    • Doors: Sliding Glass Doors, Impact Rstnce Doors
    • Windows: Drapes/Blinds Incl, Skylight(s), Impact Rstnce Window, Other
    Interior area
    • Total interior livable area: 1,250 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Deck, Patio
    • Has private pool: Yes
    • Pool features: Heated, In Ground, Decked
    • Has spa: Yes
    • Spa features: Private
    • Water view: None
    • Waterfront features: None, Dockage: None
    Lot
    • Size: 1,742.4 Square Feet
    • Features: Less Than 1/4 Acre
    Details
    • Parcel number: 00033540000200
    • Zoning: HMDR
    • Zoning description: Historic Medium Density Residential
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cigar Maker
    • Property subtype: Single Family Residence
    Materials
    • Frame
    • Roof: Metal
    Condition
    • Year built: 1978

    Utilities & green energy

    • Sewer: Municipal Sewer, Public Sewer
    • Utilities for property: FKAA

    Community & HOA

    Community
    • Security: Smoke Detector(s)
    • Subdivision: Gwynn Sub (1.0)
    HOA
    • Has HOA: Yes
    • Services included: Maintenance Grounds
    • HOA fee: $292 monthly
    Location
    • Region: Key West

    Financial & listing details

    • Price per square foot: $1,140/sqft
    • Tax assessed value: $942,153
    • Annual tax amount: $7,271
    • Date on market: 2/6/2026
    • Listing terms: Cash,Conventional
    Get pre-qualifiedBe ready to make an offer.
    Connect with an agentGet info on this home, tour, and more.
    Calculate monthly paymentSee if you can afford this home.

    Estimated market value

    $1,328,600

    $1.26M - $1.40M

    $3,910/mo

    Price history

    Price history
    DateEventPrice
    2/6/2026Listed for sale$1,425,000+58.3%$1,140/sqft
    Source: Key West AOR #618516 Report a problem
    8/17/2025Listing removed$7,250$6/sqft
    Source: Zillow Rentals Report a problem
    7/31/2025Listed for rent$7,250$6/sqft
    Source: Zillow Rentals Report a problem
    7/6/2025Listing removed$7,250$6/sqft
    Source: Zillow Rentals Report a problem
    4/3/2025Listed for rent$7,250$6/sqft
    Source: Zillow Rentals Report a problem
    4/27/2022Sold$900,000-5.2%$720/sqft
    Source: FLKMLS #599937 Report a problem
    3/21/2022Contingent$949,000$759/sqft
    Source: FLKMLS #599937 Report a problem
    3/3/2022Listed for sale$949,000+30.2%$759/sqft
    Source: FLKMLS #599937 Report a problem
    3/15/2021Listing removed--
    Source: Keller Williams Report a problem
    2/1/2021Price change$729,000-2.7%$583/sqft
    Source: FLKMLS #591229 Report a problem
    9/9/2020Price change$749,000-1.3%$599/sqft
    Source: Keller Williams Key West Compass Realty #591229 Report a problem
    6/13/2020Listed for sale$759,000+46%$607/sqft
    Source: Keller Williams Key West Compass Realty #591229 Report a problem
    3/15/2017Sold$520,000$416/sqft
    Source: FLKMLS #123135 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025$7,271 +9.8%$744,622 +10%
    2024$6,623 +18%$676,929 +10%
    2023$5,612 +1.3%$615,390 -0.3%
    2022$5,543 +30.7%$617,487 +41.7%
    2021$4,242 +0%$435,621 -0.4%
    2020$4,242 $437,455 +0.9%
    2019$4,242 +0.1%$433,342 -3.5%
    2018$4,238 -4.9%$449,010 -19.6%
    2017$4,456 -16.8%$558,135 +1.1%
    2016$5,353 $551,947 +5.4%
    2015-- $523,561

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $8,177/mo
    Principal & interest
    $6911
    Property taxes
    $974
    HOA Fees
    $292

      Climate risks

      Neighborhood: Old Town

      Getting around

      88 / 100
      Very Walkable
      28 / 100
      Some Transit
      88 / 100
      Very Bikeable

      Nearby schools

      GreatSchools rating

      Local experts in 33040

      Similar homes

      Skip to the end of the carouselSkip to the beginning of the carousel