305 Whitehead Street $2,000,000


    305 Whitehead Street Key West, FL 33040

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    • 3 Beds
    • 3 Baths
    • 1,676 sq. ft.
    • Multi-Family
    • MLS# 600869
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    Views: 0 Days On Site: 20

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    Property Details

    This is an exceptional property in a great Old Town Key West location with OWNER FINANCING possible.Three legal, separately metered units, in a 1676 square foot building located in the Historic Residential/Office zoning district (HRO). The building can be used for either residential, offices, or be mixed use. The front two units (downstairs and upstairs) are currently used as a combined space with the original historic interior staircase and much of the original trim-work. The building is designated as an historic structure originally built by Bradish W. (Hog) Johnson, Master Wrecker 1846-1914 and owner of Key West Wrecking Company, from ships' timbers salvaged from the reefs off of Key West.For residential use an on-street parking permit can be purchased from the City for approximately $80/year to use in metered parking areas in front of the building. For office use the City requires one reserved parking space for every 300 square feet of building used for offices to be located within 500 feet of the building. The building has been completely renovated and updated for its current use as offices in the front of the building (downstairs and upstairs units) and a separate rear centrally air conditioned one bedroom apartment with a private rear yard and deck. All new interior wiring and exterior meter bases. New plumbing lines, water heaters, and modern fixtures throughout. Also recently installed code compliant roofs, shutters, windows and doors. The main levels of the building are ADA compliant with bricked walkways and ramps incorporated into a nicely landscaped yard.A Letter of Map Amendment (LOMA) was obtained from the National Flood Insurance Program (NFIP) classifying the building as being in the equivalent of an X-Zone for flood insurance purposes.

    • General Features
      • Acreage 0.07
      • Square Footage 1,676
      • Style Single Family
      • As Is Right to Inspect Yes
      • Fee Includes None
      • Off Shore Island No
      • Pets Pets Allowed
      • Subdivision Old Town - Unrecord (1.0)
      • Rentals Allowed With Restrictions
      • Taxes $7,291
      • Tax Exemptions None
      • Tax Year 2021
      • Terms Seller Finance Psble
      • Deed Restrictions Unknown
    • Building Features
      • Accessibility Feat Accessible
      • Appliances Dishwasher, Disposal, Dryer, Refrigerator, Washer
      • Construction Frame
      • Cooling Heating Combination A/C, Heat
      • Floor Wood Floor
      • Handicap Access Yes
    • Property Features
      • Pool No
      • Pre-Wired Cable
      • Dockage None
      • Side Bay/Gulf
      • Water View No Waterview
      • Waterfront Property No
      • Waterfront Type None
      • Utilities Elect Separate Meter, FKAA, Municipal Sewer, Water Separate Meter
      • Pub Sewer HkUp Yes



    33040 (Key West) Demographics

    41 Median Age
    237 Population Density (per sq. mile)
    41% College Educated
    $69,702 Estimated Median Income
    6,226 Estimated Total Home Owners
    7,742 Estimated Total Renters
    45% / 55% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    34,471 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $949,000 Median Sales Price
    63 Homes Sold
    78 New On Market

    Average Days on Site

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        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $2,000,000
        5/6/2022 4:03:55 PM Status Changed Source: Multiple Listing Service New Value: Contingent/Show
        5/4/2022 4:19:00 PM New in Database Source: Multiple Listing Service New Value: $2,000,000

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        Listing information is provided in part by the Internet Data Exchange (IDX) program of the Florida Keys Board of REALTORS®, Inc. The information on this website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2022 Florida Keys Board of REALTORS®, Inc. All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.