USAFLKey WestOld Town - Unlisted (1.0)709 Whitmarsh Ln

709 Whitmarsh Ln, Key West, FL

Name: 709 Whitmarsh Ln, For Sale in Key West - eXp Realty
Brand: Truman & Co. (KW)
SKU: 619578
Price: 3485000 USD

House

For Sale

Listed price in listed location currency (USD).

$3,485,000

770

MLS® 619578

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential

Size -

Garage

Taxes $16,589

Days Active 2

Lot Size

Approx. Age 1943

MLS® Number 619578

Property Address: 709 Whitmarsh Ln, Key West, FL, 33040-7430

Average square foot calculated using Size range provided by listing agent.

Description

This exceptional 6-dwelling unit redevelopment opportunity perched atop Solares Hill, the 18' highest point in Key West, is practically shovel-ready and includes top-level planning & design that resulted in an issued building permit in 2024. Substantial renovation is already complete on four of the 1-bedroom units; only the house and studio apartment renovation and condo conversion remain. The current owner, an experienced developer, invested significant time and capital securing previous approvals with the assistance of seasoned local professionals to renovate and then convert the rentals to condos, including detailed architectural plans, local-attorney-prepared condominium documents, a proposed survey for the 6-unit condo development, detailed labor and materials cost projection by a local licensed contractor for the construction of the house, and full submittal documents and a building permit issued in early 2024. The only thing missing is a new buyer ready to complete the process. The property's ideal central location in the very heart of Old Town just two short blocks from Duval St., combined with the insurance savings and peace of mind given the high elevation, added to the redevelopment design and previous permitting, represents measurable, tangible value. The property's 6 residential units break down as follows:(1) an architecturally redesigned structure at 709 Whitmarsh Ln, with parking and pool, to replace the current single-family home and studio apartment, and (2) 4 additional, fully renovated, large 1-bedroom apartments housed in a historic 2-story building at 713 Whitmarsh Ln. This outstanding investment opportunity represents 6 legal, currently rented units in the absolute best location in Old Town Key West and with the building permit previously issued, a streamlined path to final execution of the condominium redevelopment. All final entitlements and approvals to be confirmed and completed by buyer. Fully tenant occupied, photos taken before move i

MLS® Number619578

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1943

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 20, 2026List Date

$3,485,000List Price

Commute

Commute

Starting Address

Destination Address

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