709 Whitmarsh Lane, Key West, FL 33040

Key West
Local realty services provided by:Better Homes and Gardens Real Estate Destinations
709 Whitmarsh Lane,Key West, FL 33040
$3,485,000
  • 7 Beds
  • 7 Baths
  • 3,956 sq. ft.
  • Multi-family
  • Active
Listed by: keith bland, tonya cabanas
Office: truman & co. (kw)
MLS#:619578
Source:FL_FKBOR

Price summary

  • Price:$3,485,000
  • Price per sq. ft.:$880.94

About this home

This exceptional 6-dwelling unit redevelopment opportunity perched atop Solares Hill, the 18' highest point in Key West, is practically shovel-ready and includes top-level planning & design that resulted in an issued building permit in 2024. Substantial renovation is already complete on four of the 1-bedroom units; only the single family house renovation and condo conversion remain. The current owner, an experienced developer, invested significant time and capital securing previous approvals with the assistance of seasoned local professionals to renovate and then convert the rentals to condos, including detailed architectural plans, local-attorney-prepared condominium documents, a proposed survey for the 5-6 unit condo development, detailed labor and materials cost projection by a local licensed contractor for the construction of the house, and full submittal documents and a building permit issued in early 2024. The only thing missing is a new buyer ready to complete the process....

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Home facts

  • Year built:1943
  • Subdivision & Development:Old Town - Unlisted (1.0)
  • Listing ID #:619578
  • Added:106 day(s) ago
  • Updated:July 11, 2026 at 06:34 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:7
  • Living area:3,956 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fans(s), Wall/Window Unit(s)

Structure and exterior

  • Year built:1943
  • Building area:3,956 sq. ft.
  • Lot area:0.11 Acres
  • Construction Materials:Frame, Stucco
  • Exterior Features:Privacy Wall/Fence, Storage

Finances and disclosures

  • Price:$3,485,000
  • Price per sq. ft.:$880.94
  • Tax amount:$16,589

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