1005 Watson Street 1, Key West, FL 33040
$1,575,000
Property Type:
Residential
Bedrooms:
3
Baths:
2
Square Footage:
1,070
Lot Size (sq. ft.):
4,984
Status:
Active
Current Price:
$1,575,000
List Date:
7/09/2026
Last Modified:
8/06/2026
Description
Experience the best of Old Town Key West in this beautifully updated 3-bedroom, 2-bath home offering the ease of single-level living.
Inside, you'll find hardwood floors, tall ceilings, French doors, stainless steel appliances, and an inviting open layout filled with natural light. Designed for the Key West lifestyle, the private backyard features a saltwater pool with heater and chiller, outdoor shower, lush tropical landscaping, spacious patio, and two dedicated off-street parking spaces. This property is turnkey, fully furnished and ready to enjoy from day one.
Well maintained and tastefully updated, recent improvements include a new HVAC system, saltwater pool system, updated furnishings and termite tenting. Currently operating as a monthly vacation rental with an established rental history.
Located in the center of Old Town just moments from Higgs Beach, Duval Street, the Historic Seaport, neighborhood cafés, restaurants and shopping. This property offers the privacy and feel of a single family home, it is part of an intimate two-unit condominium association with no shared common elements. Whether you're looking for a successful investment property, a full-time residence, or your own island getaway, this home checks every box. Schedule your private showing today to explore this Key West opportunity.
More Information MLS# 620577
Contract Information
Current Price: $1,575,000
Listing Date: 2026-07-09
Listing Board: Key West Association
List Price: $1,575,000
Location Tax Legal
Street #: 1005
Street Name: Watson
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Gwynn Sub (1.0)
Area: 02 - Key West
General Property Description
Realtor.COM Type: Residential - Single Family
Style: Condo
Waterfront: No
Pool: Yes
Year Built: 1933
Lot SqFt: 4984
Lot Sqft Source: Unknown
Living Apx SqFt: 1070
SqFt Source: Property Data Card
Total Bedrooms: 3
Full Baths: 2
Total Baths: 2
Rentals Allowed: With Restrictions
Min Rental Days: 28
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 1117
Assoc/Mnt Fee Per: Monthly
License Info
# of City License: 1
Building Style
Above Flood: Unknown
Vehicle Storage
Car(s): 2
Pool Info
Other: Chilled
Heated: Yes
Property Features
Fee Includes: Bldg Exterior Mnt; Building Insurance; Common Area Mnt
Tax Exemptions: None
License Info: Non Trans Rntl Lic
Waterfront: None
Waterview: No Waterview
Dockage: None
Building Style: A-Frame
Vehicle Storage: Off Street Parking
Furnished: Furnished
Cooling: Central Air
Utilities: FKAA; Municipal Sewer
Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features: Fruit Tree(s); Outdoor Shower; Shed
Pool Info: In Ground; Salt Water
Construction: Frame
Floor: Wood
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Listing Office: Brenda Donnelly Real Estate LLC
Last Updated: August - 06 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.