New Listing
$1,169,000
 $6,275 est/mo Sourced by Back At You

927 Thomas Street 1,KEY WEST, FL 33040

KEY WEST, FL 33040

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Description

Your Old Town Key West dream can start now -- with income built in. This exceptional 2-bedroom, 2.5-bath, townhouse-style condo offers a rare combination of Old Town lifestyle, flexible living space, and income-producing potential. Currently configured with a lock-off 1-bedroom apartment, the property offers an ideal opportunity for the future Key West homeowner: enjoy the larger 1 Bedroom, 1.5 Bath unit with private garden/patio as your own Key West retreat while the lock-off apartment provides substantial annual rental income. When the time comes to make Key West your full-time home, the property can be easily converted back to its original spacious 2-bedroom townhouse-style layout. A private gated entry opens to your own generous outdoor oasis, complete with a waterfall pond, large patio, and charming ''she-shed'' -- perfect for storage, an art studio, or entertaining. Inside, you'll find high ceilings, abundant natural light, generous storage, in-unit washer/dryers, and newer stainless-steel appliances. Just two blocks from Duval Street in the heart of Old Town's vibrant Bahama Village, you're surrounded by restaurants, galleries, shops, nightlife, and countless Key West attractions -- all within easy walking distance. Whether you're ready for a Key West home now or envision making the island your full-time home in the future, this is a rare opportunity to own your piece of Old Town, enjoy income along the way, and ultimately create the spacious Key West home you've been dreaming of. Some seller financing considered. Seller is a Florida Licensed Realtor. Photos 10-17 show Original Layout, 18=FloorPlan, 19-37 show Back Unit, 38-49 show Front Lock-Off Apt.

Details

MLS #621479
Listing TypeFor Sale
StyleCondominium
HOA Dues$780
Sub-TypeResale
StatusActive
Year1908
Days On Site3
Listing Provided ByRealty Executives Florida Keys Old Town | Michelle Blades

Features

Bed(s)2
Bath(s) 3 Total
SQ Feet1,124
Units5
ZoningHMDR - Historic Medium Density R
Acreage0.09
Water FrontNone
Property ViewNo Waterview

Taxes

Property8407

Area Information

StateFL
CountyMonroe
CityKEY WEST
Zip Code33040
Area02 Key West
Community NameOld Town Unlisted (1.0)
Listing VS Median (in Old Town Unlisted (1.0))
Price:
$1,169,000
low | high
Med:
$1,169,000
50% of Average
sqft:
1,124
low | high
Med:
1,124
50% of Average
$ / sqft:
$1,040
low | high
Med:
$1,040
50% of Average
On site:
3
low | high
Med:
3
100% of Average
Sourced by Back At You

Market Activity 33040

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Learn More About This Property

StateFL
CountyMonroe
CityKEY WEST
Zip Code33040
Area02 Key West
Community NameOld Town Unlisted (1.0)
Listing VS Median (in Old Town Unlisted (1.0))
Price:
$1,169,000
low | high
Med:
$1,169,000
50% of Average
sqft:
1,124
low | high
Med:
1,124
50% of Average
$ / sqft:
$1,040
low | high
Med:
$1,040
50% of Average
On site:
3
low | high
Med:
3
100% of Average
Sourced by Back At You
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sqft: 843 - 1,000
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Listing Updated: October 1, 2026 at 6:56:08 PM PDT