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506 Frances Street
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PRICED AT ONLY: $2,300,000

Address: 506 Frances Street, KEY WEST, FL 33040

Description

Nestled on one of the most coveted blocks in Key West, this exceptional property in the Historic District is brimming with character and untapped potential. Currently configured as four distinct apartments (A) 2BR/1BA, (B) 2BR/2BA, (C) Studio/1BA, and (D) 1BR/1BA totaling 2,671 sq. ft., each unit features its own private outdoor space, a well appointed kitchen, ample storage, and high ceilings that enhance the home's historic charm. Steeped in history, the home showcases classic Dade County pine walls, intricate crown molding, original spindles, and timeless Key West architecture. While not currently producing as a high income property due to its setup for professional housing, it presents an incredible investment opportunity with the right vision. Whether reimagined as a high yield rental, transformed into a grand single family residence, or curated as a private compound, the possibilities are endless. With top rated restaurants, vibrant amenities, and beaches just a stroll or bike ride away, this address delivers the quintessential Key West lifestyle where history, elegance, and opportunity intersect. Seize this moment. The best of Key West awaits.

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More Like This
  • MLS#: 614330 ( Multi-Family )
  • Street Address: 506 Frances Street
  • Viewed: 14
  • Price: $2,300,000
  • Price sqft: $861
  • Waterfront: No
  • Waterfront Type: None
  • Year Built: 1892
  • Bldg sqft: 2671
  • Bedrooms: 6
  • Total Baths: 4
  • Full Baths: 4
  • Days On Market: 138

Description

Nestled on one of the most coveted blocks in Key West, this exceptional property in the Historic District is brimming with character and untapped potential. Currently configured as four distinct apartments (A) 2BR/1BA, (B) 2BR/2BA, (C) Studio/1BA, and (D) 1BR/1BA totaling 2,671 sq. ft., each unit features its own private outdoor space, a well appointed kitchen, ample storage, and high ceilings that enhance the home's historic charm. Steeped in history, the home showcases classic Dade County pine walls, intricate crown molding, original spindles, and timeless Key West architecture. While not currently producing as a high income property due to its setup for professional housing, it presents an incredible investment opportunity with the right vision. Whether reimagined as a high yield rental, transformed into a grand single family residence, or curated as a private compound, the possibilities are endless. With top rated restaurants, vibrant amenities, and beaches just a stroll or bike ride away, this address delivers the quintessential Key West lifestyle where history, elegance, and opportunity intersect. Seize this moment. The best of Key West awaits.
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Features
Building and Construction
  • Absolute Longitude: 81.795929
  • Construction: Frame
  • Exterior Features: Shed
  • Floor: Tile
  • Porchbalcony: Open Porch/Balcony, Deck, Patio
  • Roof: Metal Roof
  • Sqft Source: Property Data Card
  • Total Number Of Units: 0.00
Property Information
  • Property Group Id: 19990816212109142258000000
Eco-Communities
  • Water View: No Waterview
Utilities
  • Cooling: Wall/Window Unit(s), Ductless, Ceiling Fans(s)
  • Kw Neighborhood: Old Town-N of Truman
  • Pets: Pets Allowed
  • Pub Sewer Hkup: Yes
  • Utilities: FKAA, Water Separate Meter, Cable Available, Elect Separate Meter, Buyer to Verify, Municipal Sewer
Finance and Tax Information
  • Association Info Association Fee: 0.00
  • Fee Includes: None
  • Tax Year: 2024
Rental Information
  • Rentals Allowed: With Restrictions
Other Features
  • Alternate Key Num: 1007595
  • Appliances: Washer, Oven, Refrigerator, Dishwasher, Dryer
  • Association Info 1st Right Of Refusal: No
  • Association Info Mandatory Home Owners Asc: No
  • Deed Restrictions: Unknown
  • Dockage: None
  • Flood Zone: AE
  • Furnished: Unfurnished
  • Interior Features: Pantry, Dade County Pine, Storage
  • Legal Description: KW PT LT 2 SQR 45 OR710-619 OR712-307 OR851-184 OR1116-1846/47 OR1486-2493/95 OR1516-1076/77 OR1585-1948 OR2496-528/29
  • Limitd Reprsntation: No
  • Mile Marker: 1.00
  • Parcel Num: 00007320-000100
  • Side: Median
  • Style: Multi-Units
  • Views: 14
  • Zoning: HHDR - Historic High Density Residential
Nearby Subdivisions
Benj Alburys Subd (2.0)   D T Sweenys Dia (1.0)   Gg Watson Sub (1.0)   Gwynn Sub (1.0)   Key West Investment Co Sub (1.   Key West Realty Cos Sub (3.0)   Macros Subd (2.0)   Maloney Sub (5.0)   Maloney Sub Subdivision (5.0)   Moffats Sub (2.0)   Old Town - Unlisted (1.0)   Old Town - Unrecord (1.0)   Pearlman Heights (4.0)   Prog Land Imp Co Diag (2.0)   Sunshine Sub Plat 3 (3.0)   Tropical Bldt & Investment Co    Truman Ave Condo (1.0)   W C Maloney Diagram (2.0)   Webb Realty Co Sub (1.0)  
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