Tucked quietly behind neighboring homes in the heart of Key West

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Home For Sale

1016 Varela Street UNIT REAR

Key West, Florida 33040

Monroe County Water View: Yes

Community: Gwynn Sub (1)

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$1,379,000 3 br, 3.0 bath 1306 sq. ft. 0.050 acres

Tucked quietly behind neighboring homes in the heart of Key West, 1016 Varela St. Rear offers privacy, flexibility and an exceptional walkable lifestyle. From this convenient location, you can easily walk to beaches, restaurants, coffee shops and the local grocery store, allowing you to enjoy the best of Key West without a car.Originally built in the early 1920's this historic home has been thoughtfully renovated, with the most recent renovations in 2024, blending the historic character with modern updates throughout. Interior features an updated kitchen with smart appliances, new updated bathrooms and beautiful hardwood floors, creating a comfortable and move-in ready space.Impact windows and doors provide both storm protection and excellent sound insulation.The property is accessed by a walkway that leads past neighboring homes, creating a quiet and private setting, that feels tucked away from the street while still being close to everything Old Town has to offer. A welcoming front porch provides a peaceful place to relax, while the backyard offers space for a future pool, storage and lots of warm Key West sunshine.A separate second-Floor apartment provides additional flexibility, ideal for visiting family, adult children or potential rental income while maintaining privacy between living spaces. The apartment can be accessed by a second property entrance via Watson Lane.For those that qualify, this property offers an assumable VA mortgage at very competitive rates.1016 Varela St. Rear offers that rare combination of historic charm, modern updates and a location that truly captures the convenience of Old Town living.

Interior:
  • Bedrooms: 3
  • Baths: 3.0
  • Sq Ft: 1306
  • Year Built: 1924
  • Utilities: 
  • Fireplaces: 
  • Stories: 2
  • Heat/AC: 
  • Garage: 
Exterior:
  • Lot Size: 0.050 acre
  • Lot Dimensions: 
  • View Types: Water
  • Yard: 
  • Siding: Frame
  • Roof: Metal
  • Property Taxes: $7,824
  • MLS #: 618738
  • Unit Number: UNIT REAR
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Contact Information:
Beach Home For Sale in Key West, Florida
Listing Agent: Suzanne M Moore, Suzanne Moore Real Estate, 305-797-0699, 305-797-0699 Listing Site, Listing Status: Active
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.
Ad Number: 7302502
Viewed 41 times.
Updated: Mar 19, 2026

This property is a Home located at 1016 Varela Street UNIT REAR, Key West, Florida 33040, and is currently For Sale at $1,379,000. This Home has 3 bedrooms, 3.0 baths, 1306 sq ft.