1121 Margaret Street, Key West, FL 33040

$3,625,000
Property Type: Residential Bedrooms: 4 Baths: 5 Square Footage: 3,000 Lot Size (sq. ft.): 5,243 Status: Closed
Current Price: $3,625,000 List Date: 4/12/2022 Last Modified: 12/30/2025

Overview

Description

Once home to the historic Molina's Bakery, this contemporary masterpiece now meets modern island residential paradise. Located in the heart of Old Town Key West, this four-bedroom, three full and two half-bathroom residence embodies art and culture throughout. This home is perfect for a weekend getaway or full-time residence, complete with an open floor plan, immaculate attention to detail, and split living quarters. Step outdoors into the spacious and meticulously private, side meditation courtyard or relish in your idyllic back yard with a heated pool, water feature, outdoor shower, lush landscaping and maintenance free deck. This home also features new hurricane-rated impact windows and doors, a flawlessly designed kitchen with quartz countertops, stainless steel appliances, polished concrete flooring throughout, and a laundry room leading to a sizable, private garage. Fourth bedroom is set up as a convenient separate lockout studio apartment and there is also an additional former ...

Listing Details MLS# 600529

Location, Tax & Legal

Street #
1121
Street Name
Margaret
Street Suffix
Street
Key/Island
Key West
State/Province
FL
Zip Code
33040
County
Monroe
Subdivision
Old Town - Unlisted (1.0)
Area
02 - Key West

Contract Information

Listing Board
Key West Association

General Property Description

Realtor.COM Type
Residential - Single Family
Style
Single Family
Waterfront
No
Pool
Yes
Year Built
1948
Lot SqFt
5243
Acres
0.12
Living Apx SqFt
3000
SqFt Source
Survey
Total Bedrooms
4
Full Baths
3
Half Baths
2
Total Baths
5
Rentals Allowed
Yes
Min Rental Days
28

Status Change Info

Under Contract Date
2022-04-21
Leased Date
2022-05-13

Association Info

Mandatory Home Owners Asc
No
1st Right of Refusal
No

License Info

Transient Rntl Licns
No

More Information

Building Style

Above Flood
Yes
# Stories
1 Story

Vehicle Storage

Car(s)
Yes

Specialty Rooms

Guest/Servant Qtrs
Legal

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Vehicle Storage: Garage; Attached Furnished: Negotiable Cooling: Central Air; Ductless Utilities: Cable Available; Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Interior Features: Built-in Cabinets; Entrance Foyer; Quartz Countertops; Walk-in Closet(s); Window Treatments Pre-Wired: Cable Appliances: Dishwasher; Dryer; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Fencing; Outdoor Shower; Privacy Wall/Fence; Storage; Water Display Pool Info: In Ground; Concrete; Decked Construction: CBS; Concrete; Hardi Board Siding Floor: Concrete Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; VA Title: Negotiable
Listing Office: Ocean Sotheby's International Realty
Last Updated: December - 30 - 2025
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