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Mixed-Use Property with Storefront
New
For Sale
$3,795,000

1011 Whitehead Street, Key West, FL 33040

Residential, Key West, FL

Property Size2,024 SF
Lot Size0.03 Acres
Price / SF$1,875
Days on Market3

Property Features for 1011 Whitehead Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning HMDR - Historic Medium De
Bedrooms 3
Bathrooms 4
Full bathrooms 3
Half bathrooms 2
Rooms Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bathroom 2
Patio and Porch features Deck, Porch
Interior features Built-in Cabinets, Granite Counter Top, Storage
Appliances Dishwasher, Refrigerator, Range, Oven, Microwave
Subdivision Old Town - Unlisted (1.0)
View Water
Standard status Active
APN 00027330-000200
Size 2,024 SF
Lot size 0.03 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description KW PT SUB 8 PT LOT 3 SQR 3 TR 11 OR950-337 OR1012-1916R/S OR1094-2147 OR1460-262/63R/S OR1637-811/12 OR2089-1776AFF OR21
Tax Annual Amount 8504
Legal Description KW PT SUB 8 PT LOT 3 SQR 3 TR 11 OR950-337 OR1012-1916R/S OR1094-2147 OR1460-262/63R/S OR1637-811/12 OR2089-1776AFF OR21

Utilities

Cooling system Ductless

Amenities

private patios and balconies

Building Details

Year built 1918
Number of units 4
Building materials Frame
Additional Structures Storage
Listing Agency: Realty ONE Group Destination
Listed By: Stacy Stahl · License #3050896
Added: Oct 9 Last Checked: Oct 11 at 8:06AM
MLS# 621561

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.

Investment Insights

Based on property information with market context.

This 2,024-square-foot mixed-use property combines three furnished one-bedroom residences with a street-level commercial storefront. Each residence has its own kitchen and transient rental license; the three units may be rented separately or together. Decks and porches provide private outdoor areas. The building dates to 1918 and occupies a 0.03-acre parcel.

The property is on Whitehead Street near Duval Street, the Key West Lighthouse and the Hemingway Home. Its residential and commercial components are located within the same property.

Key Highlights

  • Three one‑bedroom residences, each with a kitchen and transient rental license
  • Street‑level commercial storefront
  • 2,024 square feet on a 0.03‑acre lot

Property Analytics

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Current Use

One fish, two ... Art Studio Key West Murals Artist Dog Tired Studio Art Gallery

Suggested Use

Top Pick Dental Office HVAC Service (Bike/Boat/Book/etc) Store Auto Repair Shop Garden Center Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,847
Businesses Nearby

Demographics for 33040, FL

35,958
Population
19,001
Households
1.9
Avg Household Size
44
Median Age
38%
College-Educated
92%
High-School Grad
17.7 sq mi
ZIP Area
2,032
Density / Sq Mi
$79,038
Median Household Income
$42,458
Median Earnings
$2,079
Median Rent
$766,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Three furnished one-bedroom residences feature individual kitchens and transient rental licenses.
Where is this mixed-use property located?
The property is located at 1011 Whitehead Street Key West, FL.
What is the asking price?
The asking price for this property is $3,795,000.
What are key features of this property?
This property features: Three one‑bedroom residences, each with a kitchen and transient rental license; Street‑level commercial storefront; 2,024 square feet on a 0.03‑acre lot
More about this property
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