1005 Watson Street 1, Key West, FL 33040 (MLS# 620577)

1005 Watson Street 1, Key West, FL 33040

$1,575,000

Virtual Tour

https://www.zillow.com/view-imx/48752165-07db-4efb-895c-b416b3730a0b?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

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: 7/21/2026

Overview

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 fe ... (Read more)

Listing Details MLS# 620577

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
KW Neighborhood: Old Town-S of Truman
Unit #: Yes
City: KEY WEST
Mile Marker: 1
Marathon Neighborhood: N/A
Side: Median
Alternate Key #: 00033270000101
Parcel #: 00033270000101
Zoning: HHDR - Historic High Density Residential
Deed Restrictions: No
Legal: Unit 1 Watson Street Condominium Or2108-2115 Or2114-2244/45 Or2524-1397/98 Or2712-1756/57 Or3098-0532 Or3218-0827
Taxes: 9606.3
Tax Year: 2025
Pub Sewer HkUp: Yes

Contract Information

Listing Board: Key West Association

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
Control Depth: 0
Acres: 0

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: Yes
Non Trans Rntl Lic: Yes

More Information

Building Style

Above Flood: Unknown
A-Frame: Yes

Vehicle Storage

Car(s): 2
Off Street Parking: Yes

Pool Info

Other: Chilled
Heated: Yes
In Ground: Yes
Salt Water: Yes

Remarks & Misc

Remarks – Consumer: 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.

Fee Includes

Bldg Exterior Mnt: Yes
Building Insurance: Yes
Common Area Mnt: Yes

Dockage

None: Yes

Tax Exemptions

None: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Oven: Yes
Range: Yes
Refrigerator: Yes
Stainless Steel Appliance(s): Yes
Washer: Yes

Pets

Pets Allowed: Yes

Cooling

Central Air: Yes

Waterfront

None: Yes

Waterview

No Waterview: Yes

Floor

Wood: Yes

Windows/Doors

French Doors: Yes

Construction

Frame: Yes

Land Size

Less Than 1/4 Acre: Yes

Furnished

Furnished: Yes

Utilities

FKAA: Yes
Municipal Sewer: Yes

Porch/Balcony

Patio: Yes

Exterior Features

Fruit Tree(s): Yes
Outdoor Shower: Yes
Shed: 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: July - 21 - 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.