Charming Old Town Retreat in X Flood Zone! Step into island

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Home For Sale

738 Olivia Street

Key West, Florida 33040

Monroe County Water View: Yes

Community: Carletons Compound (1)

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$1,250,000 1 br, 2.0 bath 767 sq. ft. 0.050 acres

Charming Old Town Retreat in X Flood Zone! Step into island living with this beautifully renovated 1-bedroom, 1.5-bath home, plus sleeping loft and cabana, in the heart of Old Town Key West. Thoughtfully updated with quartz countertops, custom wood cabinetry, and top-of-the-line stainless steel appliances, this home seamlessly blends modern comfort with historic charm. A cozy sleeping loft offers extra space for guests or lounging, while a separate structure on the property can serve as a studio, guest room, or private cabana. Nestled on a generously sized lot in the desirable X flood zone, this home also conveys with a 1/10 interest in a private parking lot behind the residence--a rare Key West perk! Don't miss your chance to own a versatile and stylish island escape in one of Key West's most sought-after neighborhoods.

Interior:
  • Bedrooms: 1
  • Baths: 2.0
  • Sq Ft: 767
  • Year Built: 1933
  • Utilities: 
  • Fireplaces: 
  • Stories: 
  • Heat/AC: 
  • Garage: Assigned
Exterior:
  • Lot Size: 0.050 acre
  • Lot Dimensions: 
  • View Types: Water
  • Yard: 
  • Siding: Frame
  • Roof: Metal
  • Property Taxes: $3,077
  • MLS #: 617909
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Contact Information:
Beach Home For Sale in Key West, Florida
Listing Agent: Jimmy R Lane, Island Life Realty Experts, , 305-766-0585 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: 7068115
Viewed 45 times.
Updated: Feb 04, 2026

This property is a Home located at 738 Olivia Street, Key West, Florida 33040, and is currently For Sale at $1,250,000. This Home has 1 bedrooms, 2.0 baths, 767 sq ft.