
Asking Price
$949,000
Bedrooms
4
Bathrooms
2
Sq Ft
1,760
County
Monroe
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Margin
28%
Spread
$67K
ARV
$285K
ARV: $1,750k – $1,850k
Estimated Rent: $7,500/month
Lot: 2,444 sq ft
Built: 1933
CBS
Details:
2 Car Carport single-family opportunity located just six blocks from Duval Street in the center of Key West. The property sits on city water and sewer and is currently vacant, offering a strong value-add renovation opportunity in one of the most desirable markets in the Florida Keys. The home requires a full renovation. Roof replacement is needed, plumbing will likely require a full update, electrical rewiring is recommended, and the current HVAC consists of window units that should be upgraded to central air. Interior spaces need complete remodeling including kitchen, bathrooms, drywall repair, flooring, paint, and fixtures throughout.
The structure is solid concrete block construction with a re-effective construction year of 1999, giving it stronger durability compared with many surrounding historic frame homes. The property includes a two-car carport and offers potential for reconfiguration or the addition of an upstairs patio during roof replacement.
Comps:
1116 Packer St, Key West, FL 33040
3 Beds | 3 Baths | 1,473 sf
Sold $1,920,000 on 10/13/2025
1332 Duncan St, Key West, FL 33040
3 Beds | 3 Baths | 1,644 sf
Sold $1,450,000 on 11/17/2025
1124 Seminary St, Key West, FL 33040
3 Beds | 4 Baths | 1,970 sf
Sold $2,200,000 on 03/03/2026
1033 Catherine St, Key West, FL 33040
3 Beds | 3 Baths | 1,897 sf
Sold $1,450,000 on 03/01/2026
908 Catherine St, Key West, FL 33040
3 Beds | 4 Baths | 1,572 sf
Sold $1,667,000 on 03/03/2025
1019 Packer Street, Key West
$949,000
Property
1019 Packer Street, Key West, FL, 33040
Luke Roasst
Fix & Flip, DSCR, and Non-QM Loan Specialist
NMLS# 2311093