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    Iconic Key West Gingerbread Home Title is generated by Realmo AI

    1030 James Street, Key West, FL 33040

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    Claim this Listing
    For Sale
    Under Contract
    $1,950,000

    MULTI_FAMILY - Key West, FL

    Property size:
    1,700 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $1,147/SF
    Added:
    Apr 4, 2026
    Days on Market:
    49
    Last Refresh:
    May 22 at 6:06 pm

    Property Features for 1030 James Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    HMDR - Historic Medium De
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 3
    Patio and Porch features
    Deck, Patio
    Interior features
    Built-in Cabinets, Dade County Pine, Storage, Quartz Countertops
    Exterior features
    Bar, Built-in Grill, Chickee Hut, Lighting, Outdoor Kitchen, Privacy Wall/Fence
    Fencing
    Privacy
    Appliances
    Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Gas Appliances, Stainless Steel Appliance(s), Water Purification
    Standard status
    Active Under Contract
    APN
    00002560000000
    Size
    1,700 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Kw Pt Sub 1 Pt Lot 1 Sqr 19 Or175-158/59 Or477-783 Or696-295 Or820-136 Or1279-2372 Or1319-1584 Or1324-198 Or1324-199 Or3
    Tax Annual Amount
    10889

    Utilities

    Utilities
    Cable Available

    Building Details

    Year built
    1933
    Flooring type
    Wood
    Building materials
    Frame
    Roof type
    Metal
    Additional Structures
    Outdoor Kitchen, Storage

    We can help!

    Listing Contact
    Hana Tomita
    Hana Tomita

    Listing agent Hana Tomita License #3401243

    Listing office Berkshire Hathaway HomeServices Knight & Gardner Realty 336 Duval St., Key West, FL

    Listing date Apr 4, 2026

    MLS# 619352 Listing URL

    Copyright © 2026 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Old Town location: close to Historic Seaport, Conch Harbor, restaurants, and bakeries, yet on a quiet street.
    • Rooftop guest suite: private entrance, king bedroom, bathroom, full kitchen, living area, and terrace (ideal for guests or rental income).
    • Expansive outdoor entertaining area: custom tiki hut, dining area, open‑air living room, bar, and fully equipped outdoor kitchen.
    • Complete renovation: refined blend of modern sophistication and French‑inspired elegance with a curated island palette.
    • Original Dade County pine: brings warmth and authenticity, beautifully paired with elevated finishes.
    • Well‑appointed main level: two bedrooms, two bathrooms, and a welcoming living room with an electric fireplace.

    Overview

    This iconic Key West gingerbread home is located in the heart of Old Town, a short distance from the Historic Seaport, Conch Harbor, and local restaurants and bakeries. Situated on a low-traffic street, the property offers privacy. The home has been renovated with attention to detail and design. Interiors showcase modern sophistication and French-inspired elegance, layered with an island palette. Original Dade County pine is paired with elevated finishes. The kitchen features custom cabinetry and appliances. Bathrooms include brass fixtures, custom vanities, and storage. The primary suite offers built-in cabinetry. The main level includes two bedrooms, two bathrooms, and a living room with an electric fireplace. The backyard features a custom tiki hut covering a dining area, open-air living room, and bar. A fully equipped outdoor kitchen includes a built-in grill, cooktop, and refrigerator. A separate rooftop guest suite with private entrance offers a king bedroom, bathroom, full kitchen, living area, and private terrace. This space is suitable for guests or as an income-producing opportunity. The property size is 1700 square feet and the lot size is 0.06 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Restaurant Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Key West
    County
    Monroe
    State
    Florida
    Longitude
    -81.797091
    Latitude
    24.561597

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    FAQs

    What type of property is this?
    Single family property - Renovated Key West home in the heart of Old Town.
    Where is this single family property located?
    The property is located at 1030 James Street Key West, FL.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Prime Old Town location: close to Historic Seaport, Conch Harbor, restaurants, and bakeries, yet on a quiet street.; Rooftop guest suite: private entrance, king bedroom, bathroom, full kitchen, living area, and terrace (ideal for guests or rental income).; Expansive outdoor entertaining area: custom tiki hut, dining area, open‑air living room, bar, and fully equipped outdoor kitchen.
    (305) 923-6344
    We can help!
    Listing Contact
    Hana Tomita
    Hana Tomita
    Real Estate License ID: 3401243
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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