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$2,000,000
721 South Street
Key West, FL 33040
MLS# 608227
Status: Closed
8 beds  |  7 baths  |  3605 sqft


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721 Old Image 20230324_153926 20230210_133830 20230210_131227 20230324_154118 20230210_131238 721 Unit 2 Entrance 721 Unit 2-1 20230210_132146 721 Unit 2-2 721 Unit 2-3 20230210_132041 721 Unit 2-4 721 Unit 2 Porch 20230210_131258 721 Unit 3-1 721 Unit 3-2 20230210_125238 721 Unit 3-3 20230210_125312 721 Unit 3 Porch 721 Unit 4 Entrance 721 Unit 4-1 721 Unit 4-2 721 Unit 4-3 721 Unit 4 Patio (2)

Property Description
Exceptional old town opportunity: 6 apartments, vast 11,240 sq. ft. lot, prime location. Limitless potential awaits, with endless possibilities to transform this property into something truly extraordinary. Building comprises 4 Units with 1 Bedroom and 1 Bathroom each, along with 1 Unit featuring 2 Bedrooms and 1 Bathroom, and another unit boasting 2 Bedrooms and 2 Bathrooms. Apartments are currently occupied by tenants, please refrain from disturbing them and schedule viewings accompanied by the listing agent. Prospective Buyers are encouraged to independently verify property rights.

Details
Maps
Documents
Contract Information
Current Price: $2,000,000
Listing Date: 2024-01-17
Listing Board: Key West Association
Leased Price Monthly: $2,000,000
As is Rght to Inspct: Yes
Location, Tax & Legal
Street #: 721
Street Name: South
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
General Property Description
Realtor.COM Type: Multi-family
Style: Multi-Units
Waterfront: No
Pool: No
Year Built: 1953
Lot Size: 47X120 + 56X100
Lot SqFt: 11240
Acres: 0.13
Living Apx SqFt: 3605
SqFt Source: Property Data Card
Total Bedrooms: 8
Full Baths: 7
Total Baths: 7
Rentals Allowed: Yes
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Building Style
Above Flood: No
# Stories: 2 Stories
Status Change Info
Under Contract Date: 2024-02-09
Leased Date: 2024-02-23
Leased Price Monthly: $2,000,000
Status: Closed
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Building Style: Ground Level
Vehicle Storage: Off Street Parking
Cooling: Ceiling Fans(s); Wall/Window Unit(s)
Utilities: Buyer to Verify; Elect Separate Meter; FKAA; Municipal Sewer
Appliances: Range; Refrigerator
Construction: CBS
Land Size: Less Than 1/4 Acre

Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Updated: April - 30 - 2025

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.