Key West Redevelopment
709 Whitmarsh Lane, Key West, FL 33040
Redevelopment opportunity with building permit in Old Town Key West.
Type:Multi-Family
Property size:
3,956 SFPrice / SF:
$880/SF- Added:
- Apr 19, 2026
- Days on Market:
- 45
- Last Refresh:
- May 27 at 7:45 am
Property Features for 709 Whitmarsh Lane
General Information
- Standard status
- Active
- Size
- 3,956 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1943
Listing agent Keith Bland License #3166210
Listing office Truman & Co. (KW) (305) 292-2244
Listing date Apr 19, 2026
Source Xome
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 Truman & Co. (KW)
HighLights
- Shovel‑ready redevelopment opportunity with issued building permit (2024) for 6‑unit condo conversion.
- Prime Old Town Key West location, just two blocks from Duval Street.
- Four of the 1‑bedroom units are substantially renovated.
- Includes detailed architectural plans, condo documents, survey, and cost projections.
- High elevation on Solares Hill offers potential insurance savings and peace of mind.
- Property includes plans for an architecturally redesigned home with parking and pool.
Overview
This redevelopment opportunity features 6 dwelling units situated on Solares Hill in Key West. The property includes planning and design, resulting in a building permit issued in 2024. Substantial renovation is complete on four 1-bedroom units. The current owner has invested time and capital securing previous approvals to renovate and convert the rentals to condos, including architectural plans, condominium documents, a proposed survey for the 5-6 unit condo development, labor and materials cost projection, and full submittal documents and a building permit issued in early 2024. The property's central location is two blocks from Duval St. The property includes 6 residential units: an architecturally redesigned home at 709 Whitmarsh Ln, with parking and pool, to replace the current single-family home and studio apartment, and 4 additional, renovated, large 1-bedroom apartments housed in a historic 2-story building at 713 Whitmarsh Ln. The property has 6 legal, currently rented units in Old Town Key West and with the building permit previously issued, a path to final execution of the condominium redevelopment. The property size is 3956 square feet. The property is fully tenant occupied.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Key West
- County
- Monroe
- State
- Florida
- Longitude
- -81.79911
- Latitude
- 24.554699
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Redevelopment opportunity with building permit in Old Town Key West.
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 condo conversion.; Prime Old Town Key West location, just two blocks from Duval Street.; Four of the 1‑bedroom units are substantially renovated.
