Huge price reduction by $250,00! A rare opportunity to own a

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Home For Sale

1511 Johnson Street

Key West, Florida 33040

Monroe County Water View: Yes

Community: White & Pierce Diagram (1)

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$2,995,000 3 br, 3.0 bath 1615 sq. ft. 0.120 acres

Huge price reduction by $250,00! A rare opportunity to own a fully licensed nightly rental property in one of Key West's most desirable neighborhoods. This stunning 3-bedroom, 3-bath home is beautifully designed on one level easy living space on a lushly landscaped lot, combining island charm with exceptional investment potential. In 2024, the property generated an impressive $200,000 in gross rental income, making it a true turnkey income-producing retreat with bookings already in place.Bathed in natural light, the interior exudes a light and airy coastal atmosphere, blending soft tones with vibrant tropical accents and Mexican tiles throughout. The inviting open living and kitchen area flows seamlessly outdoors, creating an effortless entertaining space. Dine al fresco in the charming attached pavilion, surrounded by lush landscaping that provides both beauty and privacy.Two primary bedrooms offer direct access to the yard, enhancing the sense of privacy and resort-style living for guests. Both suites opens through elegant French doors to the sparkling pool area, while the en-suite bath features a large, beautifully tiled walk-in shower. The third bedroom--features flexible bedding options with two twins that can be converted to a king. The house comes fully furnished. Just bring your flip flops.Located in a quiet residential neighborhood, this property offers both tranquility and convenience. Hop on a bike to reach the beaches in minutes on the south side of the island or explore the energy of Duval Street, with the Casa Marina area just moments away. Enjoy your dream vacation home while producing income!

Interior:
  • Bedrooms: 3
  • Baths: 3.0
  • Sq Ft: 1615
  • Year Built: 1958
  • Utilities: 
  • Fireplaces: 
  • Stories: 1
  • Heat/AC: 
  • Garage: Carport
Exterior:
  • Lot Size: 0.120 acre
  • Lot Dimensions: 
  • View Types: Water
  • Yard: 
  • Siding: 
  • Roof: Other
  • Property Taxes: $10,862
  • MLS #: 616872
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Contact Information:
Beach Home For Sale in Key West, Florida
Listing Agent: Ellen Gvili, Ocean Sotheby's International Realty, 305-304-2933, 305-294-1117 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: 6723826
Viewed 53 times.
Updated: Jan 28, 2026

This property is a Home located at 1511 Johnson Street, Key West, Florida 33040, and is currently For Sale at $2,995,000. This Home has 3 bedrooms, 3.0 baths, 1615 sq ft.