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Duplex with Pool
For Sale
$1,875,000

1516 17th Terrace, Key West, FL 33040

A detached one-bedroom cottage accompanies the main residence, which has three bedrooms and two bathrooms.

Property Size2,423 SF
Price / SF$773.83
Days on Market183

Property Features for 1516 17th Terrace

General Information

Standard status Active
Size 2,423 SF
Property subtype Duplex

Units

Unit Mix 1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $10,255

Amenities

pool

Building Details

Building Size 2,423 SF
Year Built 1958
Buildings 2
Listing Agency: Bascom Grooms Real Estate (KW)
Listed By: Bascom L Grooms · License #647099
Source: Keystoprealty
Added: May 1 Changed: Oct 26 Last Checked: Oct 26 at 3:37PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bascom Grooms Real Estate (KW)

Rey
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Investment Insights

Based on property information with market context.

This 2,423-square-foot duplex at 1516 17th Terrace in Key West includes a main residence and a detached guest cottage. The main home has three bedrooms, two bathrooms, a family room, and a living room with a fireplace that opens to the lanai. Two bedrooms have direct access to the pool area. The primary bedroom includes an updated bathroom and walk-in closet; the hall bathroom is also updated. A laundry room provides additional storage. The cottage adds 640 square feet, with one bedroom and one bathroom. The property was built in 1958 and sits on a corner lot exceeding 13,000 square feet.

Key Highlights

  • 2,423‑square‑foot duplex on a corner lot exceeding 13,000 square feet
  • Main residence has 3 bedrooms and 2 bathrooms
  • Detached 640‑square‑foot cottage with 1 bedroom and 1 bathroom

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

955
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
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - A detached one-bedroom cottage accompanies the main residence, which has three bedrooms and two bathrooms.
Where is this duplex located?
The property is located at 1516 17th Terrace Key West, FL.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: 2,423‑square‑foot duplex on a corner lot exceeding 13,000 square feet; Main residence has 3 bedrooms and 2 bathrooms; Detached 640‑square‑foot cottage with 1 bedroom and 1 bathroom
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