718 Chapman Ln Key West, FL 33040
Old Town NeighborhoodEstimated payment $6,923/month
Total Views
22,255
4
Beds
3
Baths
1,045
Sq Ft
$1,098
Price per Sq Ft
About This Home
Own a piece of Key West history! Opportunity awaits at this charming 4-bedroom, 3-bathroom home now available for the first time over half a century. Built prior to 1899, and ideally located in the heart of Old Key West, the property offers two separate structures - a 3-bedroom 2-bathroom main home and a private 1-bedroom 1-bathroom guest cottage - perfect for accommodating up to 8 guests. Just steps away from World-Famous Duval Street, the island's best beaches, Truman Waterfront Park, and top-rated restaurants, this property offers the ultimate island lifestyle. Features include a 96' deep lot, a spacious hot tub, and a turnkey vacation rental business with over $54,000 in confirmed bookings. Situated in the preferred X-500 flood zone, this is a rare opportunity to acquire a prime piece of Key West real estate with established rental history. Schedule your private showing today!
Listing Agent
Berkshire Hathaway HomeServices Knight & Gardner Realty License #3412425 Listed on: 01/20/2025
Map
Home Details
Home Type
Single Family
Est. Annual Taxes
$6,871
Year Built
1899
Lot Details
0
Listing Details
- Property Type: Residential
- Style: Single Family
- As Is Right To Inspect: Yes
- First Right of Refusal: No
- Mandatory HOA: No
- Fee Includes: None
- Financial Status Bank Owned: No
- Financial Status Potential Short Sale: No
- Key Island: Key West
- K W Neighborhood: Bahama Village
- Limited Representation: No
- Marathon Neighborhood: N/A
- Min Rental Days: 28.00
- M L S Identifier: 20060123165453488875000000
- Neighborhood Feature: Community Pool, Bike Paths, Other Area Features, Beach, Tennis Courts
- Pets: Pets Allowed
- Property Group I D: 19990816212109142258000000
- Side: Median
- State Province: FL
- Taxes: 6870.97
- Title: Negotiable
- Year Built: 1899
- Alternate Key Number: 1014044
- Building Style: Conch
- Cooling Heating: Central Air, Ceiling Fans(s), Wall/Window Unit(s)
- Lot Sq Ft: 2646.00
- Porch Balcony: Open Porch/Balcony, Deck, Patio
- License Info: Non Trans Rntl Lic
- License Info Number Of City License: 1
- License Info Number Of County License: 1
- Species List: No
- Tax Exemptions: None
- Building Style Above Flood: Yes
- Estimated Living Sq Ft: 1045.00
- Pre Wired: Cable
- Financial Status Auction: No
- Financial Status Standard Sale: Yes
- Property Condition: Fixer Upper, Updated/Remodeled
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: Detached
Interior Features
- Interior Amenities: Drapes/Blinds Incl, Pull Down Stairs, Built-in Cabinets, Smoke Alarms, Dade County Pine
- Total Bathrooms: 3.00
- Full Bathrooms: 3
- Appliances: Washer, Stainless Steel Appliance(s), Gas Appliances, Freezer, Disposal, Microwave, Oven, Range, Refrigerator, Dryer
- Floor: Tile, Wood
- Windows/Doors: Aluminum Windows, Wood Windows
- Total Bedrooms: 4
Exterior Features
- Dockage: None
- Waterfront: None
- Waterfront: No
- Construction: Frame
- Exterior Features: Gazebo, Storage, Shed, Privacy Wall/Fence, Hot Tub, Rain Gutters
- Roof: Metal Roof
- Waterview: No Waterview
- Pool: No
Utilities
- Security: Other
- Utilities: FKAA, Water Separate Meter, Cable Available, Elect Separate Meter, Buyer to Verify, Municipal Sewer
- Heating: Electric
Lot Info
- Deed Restrictions: No
- Flood Zone: 0.2 PCT ANNUAL CHANC
- Parcel Number: 00013660-000000
- Land Size: Less Than 1/4 Acre
Rental Info
- Rentals Allowed: With Restrictions
- Furnished: Furnished
Tax Info
- Tax Year: 2023
Multi Family
- Total Units: 1.00
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,871 | $905,790 | $785,862 | $119,928 |
| 2023 | $6,871 | $919,498 | $807,030 | $112,468 |
| 2022 | $5,564 | $603,720 | $489,510 | $114,210 |
| 2021 | $5,192 | $495,157 | $396,900 | $98,257 |
| 2020 | $5,077 | $484,747 | $383,670 | $101,077 |
| 2019 | $5,345 | $511,394 | $408,807 | $102,587 |
| 2018 | $5,466 | $515,522 | $408,807 | $106,715 |
| 2017 | $5,399 | $499,091 | $0 | $0 |
| 2016 | $2,497 | $214,144 | $0 | $0 |
| 2015 | $2,552 | $212,655 | $0 | $0 |
| 2014 | $2,694 | $210,967 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2025 07/07/25 | Price Changed | $1,147,500 | -8.2% | $1,098 / Sq Ft |
| 06/25/2025 06/25/25 | Price Changed | $1,250,000 | -3.5% | $1,196 / Sq Ft |
| 06/18/2025 06/18/25 | Price Changed | $1,295,000 | -2.6% | $1,239 / Sq Ft |
| 06/09/2025 06/09/25 | Price Changed | $1,330,000 | -5.0% | $1,273 / Sq Ft |
| 04/05/2025 04/05/25 | Price Changed | $1,400,000 | -6.4% | $1,340 / Sq Ft |
| 01/20/2025 01/20/25 | For Sale | $1,495,000 | -- | $1,431 / Sq Ft |
Source: Key West Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $420,000 | Attorney | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $450,000 | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $376,600 | New Conventional | |
| Previous Owner | $558,000 | Unknown |
Source: Public Records
Similar Homes in Key West, FL
Source: Key West Association of REALTORS®
MLS Number: 613234
APN: 00013660-000000
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