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800 Elizabeth St 2,349 SF Specialty Building Offered at $1,799,000 at a 6.34% Cap Rate in Key West, FL 33040
Executive Summary
Tucked into one of Old Town's most peaceful and charming pockets, this unique multi-unit property offers the perfect blend of classic Key West character and flexible living.At 800 Elizabeth Street, you'll find a quintessential two-story Conch home featuring 5 bedrooms and 3 bathrooms, soaring ceilings, and timeless architectural details. Start your mornings on the inviting front porch and wind down in the evenings on the upstairs balcony overlooking the quiet, tree lined street.Just steps away, 624 Petronia Street offers a well designed duplex with two separate 1-bedroom, 1-bath units: each complete with a full kitchen and private washer and dryer, making them ideal for guests, tenants, or extended family.Between the two homes, a welcoming shared patio creates the perfect setting for outdoor dining, grilling, and relaxed island living under the palms.Situated in a desirable X flood zone (one of the highest elevations in Key West) this property combines peace of mind with an unbeatable Old Town location close to everything, yet tucked away from the hustle.Whether you're seeking an income producing investment, a family compound, or a private island retreat with room for everyone, this rare offering captures the true spirit of Key West living.
Property Facts
| Price | $1,799,000 | Building Class | C |
| Price Per SF | $765.86 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 2,349 SF |
| Cap Rate | 6.34% | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1928 |
| Property Subtype | Residential Income | Parking Ratio | 1.28/1,000 SF |
| Zoning | HHDR - High-Density Residential | ||
| Price | $1,799,000 |
| Price Per SF | $765.86 |
| Sale Type | Investment |
| Cap Rate | 6.34% |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 2,349 SF |
| No. Stories | 2 |
| Year Built | 1928 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | HHDR - High-Density Residential |
Amenities
- Signage
- Air Conditioning
- Smoke Detector
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Exceptionally walkable
90/100
Exceptionally drivable
100/100
Limited public transit
30/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 00018260-000000 | Improvements Assessment | $454,496 |
| Land Assessment | $698,175 | Total Assessment | $1,152,671 |
Property Taxes
Parcel Number
00018260-000000
Land Assessment
$698,175
Improvements Assessment
$454,496
Total Assessment
$1,152,671
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800 Elizabeth St
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