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    Historic Key West Boutique Inn

    1117 Duval Street Key West, FL 33040

    Claim this Listing
    For Sale
    $9,950,000

    COMMERCIAL - Key West, FL

    Lot size:
    0.08 Acres
    Added:
    May 26, 2026
    Days on Market:
    49
    Last Refresh:
    Jul 13 at 2:06 am

    Property Features for 1117 Duval Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    HRCC(1 - 4) - Hist Res Co
    Bedrooms
    7
    Bathrooms
    8
    Rooms
    Bathroom 6, Bathroom 8, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 4, Bathroom 5, Bedroom 2, Bathroom 7, Bathroom 2, Bedroom 5, Bedroom 7
    Appliances
    Washer, Dryer
    Standard status
    Active
    APN
    00027850-000000
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    KW SUB 18 & PT SUB 16 PT LOT 4 SQR 5 TR 11 D2-517 OR616-532 OR881-1528 OR939-1698 OR1260-01 OR1713-2049 OR3072-2216 OR31
    Tax Annual Amount
    48452

    Utilities

    Cooling system
    Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1943
    Floors in Building
    2
    Number of units
    7
    Flooring type
    Tile
    Building materials
    Frame
    Roof type
    Metal

    Listing agent The Spottswood Team

    Listing office Truman & Co. (KW) 1205 Truman Avenue, Key West, FL

    Listing date May 26, 2026

    MLS# 620044

    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 historic Key West boutique inn, a hospitality property, is located on Duval Street in Old Town. The property, known as the Speakeasy Inn, features 7 licensed transient accommodations and a history tied to Key West's past. Originally owned by rum-runner Raul Vasquez during the Prohibition Era, the property was used for importing spirits from Cuba. The residence is one of a few in Key West with a basement, historically used to conceal smuggled rum during the 1920s and 1930s. Architectural details include Cuban-imported porch balustrades depicting liquor bottles and playing-card symbols. The property has undergone renovations, with guest accommodations updated with new bathrooms, furnishings, interior and exterior paint, mini-split air conditioning systems, and a new roof and gutter system completed within the past 3 years. The property is a turnkey boutique lodging property that blends historic Key West character with contemporary guest expectations. Located near the Southernmost Point, beaches, galleries, restaurants, and nightlife, the property benefits from year-round tourism and transient licensing in a supply-constrained lodging market. The lot size is 0.08 acres. The zoning is HRCC(1 - 4) - Hist Res Co. Current ownership intends to lease back and continue operating the Rum Bar located on the ground floor.

    Key Highlights

    • Prime Duval Street location in Old Town Key West, steps from attractions and benefiting from high tourism demand.
    • 7 licensed transient accommodations in a supply‑constrained lodging market.
    • Historic property with a unique Prohibition‑era legacy as a rum‑running hub, featuring a basement and distinctive architectural details.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    The Rum Bar Bar & Pub Speakeasy Inn & Rum ... Hotel & Motel

    Suggested Use

    Dental Office HVAC Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Pet Grooming Service (Bike/Boat/Book/etc) Store Home Appliance Store Barber Shop Auto Parts Store Pharmacy

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

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    FAQs

    What type of property is this?
    Bed & breakfast - Iconic hospitality property with 7 licensed transient accommodations.
    Where is this bed & breakfast located?
    The property is located at 1117 Duval Street Key West, FL.
    What is the asking price?
    The asking price for this property is $9,950,000.
    What are key features of this property?
    This property features: Prime Duval Street location in Old Town Key West, steps from attractions and benefiting from high tourism demand.; 7 licensed transient accommodations in a supply‑constrained lodging market.; Historic property with a unique Prohibition‑era legacy as a rum‑running hub, featuring a basement and distinctive architectural details.
    Contact an agent
    (305) 432-4848
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    The Spottswood Team
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