Redevelopment Opportunity in Old
709 Whitmarsh Lane, Key West, FL 33040
MULTI_FAMILY - Key West, FL
Property size:
3,956 SFLot size:
0.11 AcresPrice / SF:
$880/SF- Added:
- Apr 20, 2026
- Days on Market:
- 33
- Last Refresh:
- May 22 at 12:06 pm
Property Features for 709 Whitmarsh Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- HHDR - Historic High Dens
- Bedrooms
- 7
- Bathrooms
- 7
- Rooms
- Bedroom 2, Bedroom 5, Bathroom 3, Bathroom 5, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 4, Bathroom 1, Bathroom 6, Bathroom 7, Bedroom 6, Bedroom 1, Bedroom 7
- Patio and Porch features
- Porch
- Exterior features
- Privacy Wall/Fence, Storage
- Fencing
- Privacy
- Appliances
- Washer, Dryer, Refrigerator, Range
- Standard status
- Active
- APN
- 00015540-000000
- Size
- 3,956 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- KW PT LOT 1 SQR 1 TR 4 G12-306/07 OR773-374/76 OR1197-1270 OR1540-1177 OR2185-1541/42 OR2403-2028 OR2931-535 OR2960-184
- Tax Annual Amount
- 16589
Utilities
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1943
- Floors in Building
- 1
- Number of units
- 6
- Flooring type
- Tile, Vinyl
- Building materials
- Frame, Stucco
- Roof type
- Metal
- Additional Structures
- Storage
Listing agent Keith Bland License #3166210 (305) 304-6335
Listing office Truman & Co. (KW) 1205 Truman Avenue, Key West, FL (305) 292-2244
Listing date Apr 20, 2026
MLS# 619578
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
- Shovel‑ready redevelopment opportunity with issued building permit (2024) for 6‑unit condominium conversion.
- Prime Old Town location, just two blocks from Duval St., at the highest elevation in Key West (Solares Hill).
- Four of the 1‑bedroom units are substantially renovated.
- Includes architectural plans, condo documents, survey, and cost projections from local professionals.
- Property includes an architecturally redesigned home with parking and pool, plus 4 renovated apartments.
- Currently has 6 legal, rented units providing immediate income.
Overview
Located atop Solares Hill in Key West, this redevelopment opportunity includes six dwelling units and an issued building permit from 2024. Substantial renovation is complete on four of the one-bedroom units. The property includes architectural plans, condominium documents, a proposed survey for a 5-6 unit condo development, and a cost projection for the house construction. The current owner has invested in securing previous approvals to renovate and convert the rentals to condos. The property's central location in Old Town, two blocks from Duval St., offers insurance savings due to its high elevation. The property features an architecturally redesigned home at 709 Whitmarsh Ln, with parking and a pool, replacing the current single-family home and studio apartment. Additionally, there are four renovated one-bedroom apartments in a historic two-story building at 713 Whitmarsh Ln. This investment opportunity includes six legal, currently rented units with a streamlined path to condominium redevelopment due to the previously issued building permit. The property size is 3956 square feet on a 0.11-acre lot. All final entitlements and approvals are to be confirmed and completed by the buyer. The zoning is HHDR - Historic High Dens.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Key West
- County
- Monroe
- State
- Florida
- Longitude
- -81.799118
- Latitude
- 24.554695
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit redevelopment with permits in the heart of Old Town.
Where is this apartment building located?
The property is located at 709 Whitmarsh Lane Key West, FL.
What is the asking price?
The asking price for this property is $3,485,000.
What are key features of this property?
This property features: Shovel‑ready redevelopment opportunity with issued building permit (2024) for 6‑unit condominium conversion.; Prime Old Town location, just two blocks from Duval St., at the highest elevation in Key West (Solares Hill).; Four of the 1‑bedroom units are substantially renovated.
