516 White Street, Key West, FL 33040 (MLS# 614923)

516 White Street, Key West, FL 33040

$2,500,000

Front view with three off street parking

Entrance to apartments and standard door to garage

Property Type: Commercial Sale Bedrooms: 2 Baths: 4 Square Footage: 4,494 Lot Size (sq. ft.): 3,568 Status: Closed

Current Price: $2,500,000 List Date: 5/07/2025 Last Modified: 10/03/2025

Overview

Description

One-of-a-kind property in the heart of Old Town Key West! Built new in 2005, this unique mixed-use building features two spacious 1-bedroom, 1-bath apartments with soaring ceilings, plus a versatile office space. The highlight is the expansive garage, formerly home to a private car collection with space for up to 8 vehicles—ideal for storage, a workshop, or endless other possibilities. A rare find with incredible potential in a prime location!

Listing Details MLS# 614923

Location, Tax & Legal

Street #: 516
Street Name: White
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
Subdivision: Old Town - Unrecord (1.0)
County: Monroe
Area: 01 - Key West

Contract Information

Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 3568
Waterfront: No
Year Established: 2004-12-31
Off Street Parking: 3
# Stories: 2
Total # Buildings: Yes
Building SqFt: 4494
SqFt Source: Property Data Card
Living Apx SqFt: 4494
Total Units: 3
Year Built: 2005
Total Bedrooms: 2
Full Baths: 2
Half Baths: 2
Total Baths: 4

Status Change Info

Under Contract Date: 2025-05-31
Leased Date: 2025-10-03

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No

Property Info

# Kitchens: 2
# Refrigerators: 2
# Range/Ovens: 2
# Washers: 2
# Dryers: 2
# Dishwashers: 2

More Information

Financial Status

Bank Owned: No
Potential Short Sale: No

Property Features

Deed Restrictions: Affordable Housing; Yes Type: Auto Care; Other Comrcl Style; Professional Service; Other Services Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Garage; Covered Parking; Off Street Parking Cooling: Central Air; Wall/Window Unit(s) Heating: Central Utilities: FKAA; Separate Meters Interior Features: Other Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Miscellaneous: High Traffc Location; High Visibility Construction: Frame Floor: Concrete; Tile Roof: Tin Roof Land Size: Less Than 1/4 Acre Fee Includes: None Terms: Buyer Obtain Finance; No Seller Finance Title: Negotiable Tenant Paid: Cable; Electric; Water

Documents

City of Key West rent ›

Affordable Housing ›

Listing Office: Preferred Properties (KW)

Last Updated: October - 03 - 2025

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