1016 Varela ST, Key West, FL 33040
1016 Varela ST, Key West, FL 33040,Video Tour
1016 Varela ST, Key West, FL 33040
1016 Varela ST, Key West, FL 33040
1016 Varela ST, Key West, FL 33040
1016 Varela ST, Key West, FL 33040
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Listed by Suzanne M Moore Suzanne Moore Real Estate
$ 1,170,000
Est. payment | /mo

3 Beds

3 Baths

1,306 SqFt


$ 1,170,000
Est. payment | /mo

3 Beds

3 Baths

1,306 SqFt

Open House

Sat Jun 27, 12:00pm - 2:00pm

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,306 sqft

Price per Sqft $895

Subdivision Old Town - Unrecord (1.0)

MLS Listing ID 619952

Style Above Flood,Conch

Bedrooms 3

Full Baths 3

HOA Y/N Yes

Year Built 1924

Annual Tax Amount $7,823

Tax Year 2025

Lot Size 2,218 Sqft

Acres 0.03

Lot Dimensions X

Property Sub-Type Single Family Residence

Land Area 1306

Property Description

Hidden away on one of Old Town's most storied streets, 1016 Varela St. Rear is the kind of Key West address that feels like a private discovery.
Originally constructed in the 1920s, this piece of living Key West history has been thoughtfully renovated while honoring the character that only a century of island life can impart.
Tucked discreetly behind the street, the fully restored 3-bedroom, 3-bathroom residence offers a rare sense of seclusion in the heart of historic Old Town -- without sacrificing a single step of the legendary walkability that defines this neighborhood. Duval Street, world-class dining, the harbor, and the full tapestry of Key West life are all moments away on foot.
Arrive home to a covered front porch -- the quintessential Key West perch for morning coffee or evening cocktails. Inside, soaring cathedral ceilings flood the living spaces with light and volume, while refinished hardwood floors, an updated kitchen, and impact windows throughout speak to a renovation done with care and intention. The private rear yard offers room for a pool, a rare opportunity to create your own tropical retreat in the heart of Old Town. A separate upstairs apartment with its own private entrance offers exceptional flexibility: a sanctuary for a young adult, an elegant in-law suite, or an income-producing rental that helps carry the property.
For the discerning buyer, two details stand above the rest: 1016 Varela Rear sits in an X flood zone -- the premier flood designation in the Keys, carrying no flood insurance requirement -- and the property carries an assumable VA loan, a remarkable financial advantage for qualified buyers in today's market.
In Old Town Key West, a century-old home with this much flexibility and this little compromise is extraordinarily rare.
Welcome to your hidden corner of paradise.

Location

State FL

County Monroe

Area 01 - Key West

Zoning HMDR - Historic Medium Density Residential

Interior

Interior Features Cathedral Ceilings, Fire Sprinkler, Quartz Countertops, Smoke Alarms

Cooling Ductless, Ceiling Fans(s)

Flooring Wood

Furnishings Unfurnished

Appliance Dryer, Washer, Dishwasher, Microwave, Oven, Stainless Steel Appliance(s), Refrigerator

Exterior

Utilities Available FKAA, Municipal Sewer, Well

Waterfront Description None

Roof Type Metal Roof

Porch Open Porch/Balcony, Deck

Garage No

Building

Architectural Style Above Flood, Conch

New Construction No

Others

HOA Fee Include None

Tax ID 00032610-000320

Pets Allowed Yes

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1016 Varela ST