Rare Opportunity: Three Charming Homes on Adjacent Lots - Unlimited Potential!Discover the perfect investment opportunity with these three vintage 2-bedroom, 1-bathroom homes, nestled on separate adjoining lots and being sold together as a single package. Situated in a desirable location, this unique offering provides incredible flexibility for visionary buyers.Each home offers cozy layouts that are ripe for restoration or redevelopment. The true value lies in the combined potential of these properties--create a sprawling family estate, build a modern multi-home compound, or explore other construction options to maximize value.With their combined potential and prime location, these homes are a once-in-a-lifetime opportunity for developers, investors, or those looking to build their dream family retreat. Don't miss out, bring your imagination and start planning the possibilities today!Contact me to schedule a showing and envision the future of this incredible property package!
For sale
$1,379,000
1401 5th St, Key West, FL 33040
6beds
2,434sqft
Est.:
Single Family Residence
Built in 1948
7,500 Square Feet Lot
$1,252,000 Zestimate®
$567/sqft
$-- HOA
What's special
Cozy layoutsSeparate adjoining lots
- 90 days |
- 315 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: December 14, 2025 at 11:22pm
Listed by:
Stacy Stahl 305-731-9510,
Realty ONE Group Destination
Source: FLKMLS,MLS#: 617703
Originating MLS: Key West Association
Originating MLS: Key West AssociationTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Cooling
- Wall/Window Unit(s), Ceiling Fans(s)
Appliances
- Included: Refrigerator, Range
Interior area
- Total interior livable area: 2,434 sqft
Property
Parking
- Parking features: Off Street
Features
- Levels: Ground Level
- Patio & porch: Open Porch/Balcony
- Fencing: Fenced
- Water view: None
- Waterfront features: None, Dockage: None
Lot
- Size: 7,500 Square Feet
- Dimensions: 7500sf total of 3 lots
- Features: More than 1 Lot
Details
- Additional structures: Shed(s)
- Additional parcels included: 00046650000000,00046650000200
- Parcel number: 00046650000100
- Zoning: SF
- Zoning description: Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame
Condition
- Fixer
- New construction: No
- Year built: 1948
Utilities & green energy
- Electric: Elect Separate Meter
- Sewer: Municipal Sewer, Public Sewer
- Water: Water Separate Meter
- Utilities for property: FKAA, Cable Available
Community & HOA
Community
- Subdivision: Key West Realty Cos Sub (3.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Key West
Financial & listing details
- Price per square foot: $567/sqft
- Tax assessed value: $310,752
- Annual tax amount: $3,027
- Date on market: 12/15/2025
- Listing terms: Cash,Conventional
Estimated market value
$1,252,000
$1.19M - $1.31M
$7,904/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/15/2025 | Listed for sale | $1,379,000-4.9%$567/sqft |
Source:  Key West AOR #617703 Report a problem | ||
| 9/27/2025 | Listing removed | $1,450,000$596/sqft |
Source: Key West AOR #612665 Report a problem | ||
| 5/23/2025 | Price change | $1,450,000-6.5%$596/sqft |
Source: Key West AOR #612665 Report a problem | ||
| 4/13/2025 | Price change | $1,550,000-7.7%$637/sqft |
Source: FLKMLS #612665 Report a problem | ||
| 12/12/2024 | Listed for sale | $1,679,000$690/sqft |
Source: Key West AOR #612665 Report a problem | ||
| 12/2/2014 | Listing removed | $1,800$1/sqft |
Source: Florida Keys Real Estate Company Report a problem | ||
| 11/19/2014 | Listed for rent | $1,800$1/sqft |
Source: Florida Keys Real Estate Company Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,120 -6.9% | $310,752 -10.9% |
| 2024 | $3,350 +4.4% | $348,686 +6.8% |
| 2023 | $3,208 +10.7% | $326,597 +10% |
| 2022 | $2,897 +30.3% | $296,906 +44.8% |
| 2021 | $2,223 +0.9% | $205,062 +0.5% |
| 2020 | $2,203 | $203,972 +0.5% |
| 2019 | $2,203 -0.2% | $202,898 +8.8% |
| 2018 | $2,207 | $186,562 +4.3% |
| 2017 | -- | $178,931 +4.3% |
| 2016 | -- | $171,537 +4.5% |
| 2015 | -- | $164,177 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$7,855/mo
Principal & interest
$6913
Property taxes
$942
More affordability tools
Climate risks
Neighborhood: New Town
Nearby schools
GreatSchools rating
- 7/10Poinciana Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 2/10Lower Keys Academic Connections for ExcellenceGrades: 6-12Distance: 0.3 mi
- 4/10Key West High SchoolGrades: 9-12Distance: 0.3 mi
Local experts in 33040
