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    314 Simonton St Key West, FL 33040

    For Sale
    $5,500,000

    Multi-family - Key West, FL

    Type:Multi Family
    Property size:
    8,472 SF
    Lot size:
    0.18 Acres
    Days on Market:
    140
    Last Refresh:
    Dec 14 at 7:06 am

    Property Features for 314 Simonton St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    Bathrooms
    11
    APN
    00004210-000000
    Size
    8,472 SF
    Lot size
    0.18 Acres

    Building Details

    Year built
    1921
    Floors in Building
    3
    Number of units
    8
    Roof type
    Metal
    Architectural style
    Other

    Berkshire Hathaway Keys Real Estate | Knight & Gardner Realty (305) 294-5155 [email protected]

    Listing agent Team Gardner/Langley (305) 294-5155 License #BK612006

    Listing date Jul 28, 2025

    MLS# 612250 Listing URL

    Copyright © 2025 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.

    Overview

    Historic Key West Multifamily Opportunity

    This historic three-level property, located one block from Duval Street and across from the Federal Courthouse in Key West, offers a blend of historic charm and modern potential. Originally a hotel with a Ford dealership on the ground floor, the building is steeped in heritage. The property is legally recognized as 8 units, an atrium, garage, and a pool. The property offers the possibility of a grand single-family estate or multi-unit living combined with commercial space on the lower level. The property is zoned HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med. The building has a living area of 8472 square feet and is situated on a 0.18-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Key West Room ... Escape Room Center Casa Antigua Historical Landmark

    Suggested Use

    Law Firm Realty agency Dental Office Spa & Massage Hair Salon Restaurant Nail Salon Building Supply Gym & Fitness 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
    -81.803104
    Latitude
    24.558333

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    FAQs

    What type of property is this?
    Apartment building - Unique historic property near Duval Street with multi-unit and commercial potential.
    Where is this apartment building located?
    The property is located at 314 Simonton St Key West, FL.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: - Prime location: One block from Duval Street and across from the Federal Courthouse.; - Legally recognized as 8 units with an atrium, garage, and pool.; - Historic significance: Originally a hotel and Ford dealership, with Ernest Hemingway as a past guest.
    (305) 294-5155
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    314 Simonton St Key West, FL 33040
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    Realmo Value Estimation

    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

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    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.

    Alternative use

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

    More about this property
    314 Simonton St Key West, FL 33040
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