Turnkey Old Town Key West Luxury - Pool, Guest Cottage & Parking

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Home For Sale

1223 Margaret Street UNIT 4

Key West, Florida 33040

Monroe County Water View: Yes

Community: Key West Investment Co Sub (1)

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$2,949,000 4 br, 5.0 bath 2412 sq. ft. 0.080 acres

Turnkey Old Town Key West Luxury - Pool, Guest Cottage & Parking Escape to paradise in this exquisite 2412sf 3 story home located in Old Town Key West not far from the Casa Marina area. A rare blend of historic charm and luxury, this fully furnished, turnkey property invites you to live the island dream or step into a ready-to-go monthly vacation rental opportunity. Inside, discover airy open living spaces filled with natural light, high ceilings, and elegant finishes. The kitchen boasts stainless steel appliances, custom cabinetry, and a spacious layout perfect for entertaining. Each of the three bedrooms features a private en-suite bath, with an additional half bath for guests. The primary master suite located on its own floor offers a flexible bonus room--ideal as a 4th bedroom, home office, or private retreat. Step outside to your private resort-style oasis. Lounge by the in-ground concrete heated pool, with hot tub and water fall feature, relax on the front and back porches, or stroll the brick-paved path thru lush tropical landscaping. The property is fully fenced with a white picket fence offering charm and character as well as for privacy. Has an off-street parking spot in the back as well as off street parking in the front and guest parking on the side, a luxury in Old Town. The guest cottage provides a perfect hideaway with its own full bathroom and multifunctional living/bedroom setup perfect for a futon or Murphy bed--ideal for guests, remote work, or rental flexibility. Four cruiser bikes are included for effortless island exploration. Just steps from fine dining, world-class beaches, and vibrant Duval Street, this home delivers the perfect balance of luxury, convenience, and investment potential. Live the ultimate Key West lifestyle--move in, relax, and start earning from day one.

Interior:
  • Bedrooms: 4
  • Baths: 5.0
  • Sq Ft: 2412
  • Year Built: 1999
  • Utilities: 
  • Fireplaces: 
  • Stories: 3
  • Heat/AC: 
  • Garage: Guest
Exterior:
  • Lot Size: 0.080 acre
  • Lot Dimensions: 
  • View Types: Water
  • Yard: 
  • Siding: Frame
  • Roof: Metal
  • Property Taxes: $13,648
  • Yearly HOA Fee: $500
  • MLS #: 617658
  • Unit Number: UNIT 4
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Contact Information:
Beach Home For Sale in Key West, Florida
Listing Agent: Stacey Nash Pillari, Berkshire Hathaway Keys Real Estate | Knight & Gardner Realty, 305-294-5155, 305-294-5155 Listing Site, Listing Status: Active
Copyright © 2025 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: 6938778
Viewed 8 times.
Updated: Dec 10, 2025

This property is a Home located at 1223 Margaret Street UNIT 4, Key West, Florida 33040, and is currently For Sale at $2,949,000. This Home has 4 bedrooms, 5.0 baths, 2412 sq ft.