#612554, Vic Musmanno, Listing office: Coldwell Banker Schmitt Real Estate Co. (KW)
$929,000 List price
1115 Varela St Key West, FL 33040
3 beds
2 full
1,292 sqft
0.05 acres
$719 / sqft
House
Property details
About 1115 Varela St
Nestled on a charming street in the heart of Old Town Key West, 1115 Varela Street is the renovation project that you have been waiting for. This historic treasure would be a perfect project for an investor, developer or anyone looking to restore a historic Key West gem. Currently configured as a 3BD/2BA with a large outside deck and an ideal positioned detached unfinished utility shed. The lot dimensions are 21 x 111. This will allow you the ability to build a pool and create an outdoor tropical oasis. Centrally located and in an X-flood zone make this property highly desirable. Schedule your private tour today!
Highlights
Home typeSingle Family Residence
StatusAccepting Backup Offers
(Contingent/Show)
(Contingent/Show)
Size1,292 sqft
Lot size0.05 Acres
Year built1948
ParkingOff Street
MLS #614191
Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Range, Refrigerator
- Interior: Pantry
- Total Bedroom Count: 3
- Parking: Off Street
- Architectural Style: Single Family
- List Price: $929,000
- Price/SqFt: $719
- Annual Tax Amount: $1,048
- Tax Year: 2023
- Directions: From United Street, turn on Varela Street. Property is on the right side.
- Year Built: 1948
- Living Area: 1,292 SqFt
- Lot Size: 0.05 Acres
- MLS Number: 614191
- MLS Name: KeyWest
- Office Name: Keller Williams Key West Compass Realty
- Office Phone: (305) 292-0020
- Listing Agent: Terry L Garcia
The data relating to real estate for sale on this web site comes in part from the IDX Program of Key West Association of REALTORS®, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025 Key West Association of REALTORS®, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/17/2025, 5:45:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $153,020 | $1,048 |
| 2022 | $148,564 | $1,033 |
| 2021 | $144,237 | $1,033 |
| 2020 | $142,246 | $982 |
| 2018 | $136,456 | $962 |
| 2017 | $133,650 | $943 |
History based on county public records data.
Nearby schools
6
Poinciana Elementary School
Public District PK-5
1.7 mi
•1407 Kennedy Dr
2
Gerald Adams Elementary School
Public District PK-5
3.4 mi
•5855 College Rd
9
Big Pine Academy
Public Charter PK-5
28.2 mi
•30220 Overseas Hwy
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $58,929. The majority of Key West, FL residents have income between $35k-100k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
28%
<35k
48%
35k-100k
17%
100k-200k
7%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
72%
Single, No Kids
6%
Single, with Kids
18%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
5%
<11 yrs old
2%
12-17 yrs old
26%
18-34 yrs old
51%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
Continuing Education Courses
Hiking/backpacking
PGA/LPGA
Where do the neighbors shop?
Express/Express For Men
Nordstrom Rack
Stein Mart
Where do the neighbors go to eat?
Qdoba
Chipotle
Bonefish Grill
What do the neighbors drive?
Volkswagen
Mazda
Lincoln
What do the neighbors listen to?
Urban Contemporary
Rock
Classical
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1115 Varela St
The listing price of 1115 Varela St property is $929,000.
The property 1115 Varela St is a house located in Key West, Florida, 33040.
Accepting Backup Offers: 1115 Varela St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 1115 Varela St are: Poinciana Elementary School (GreatSchools Rating 6/10), Gerald Adams Elementary School (GreatSchools Rating 2/10), Big Pine Academy (GreatSchools Rating 9/10), May Sands Montessori School (GreatSchools Rating 5/10), Horace O'Bryant School (GreatSchools Rating 3/10), Sigsbee Charter School (GreatSchools Rating 7/10), Somerset Island Preparatory (GreatSchools Rating 6/10), Monroe Virtual Instruction Program (GreatSchools Rating 2/10), Key West High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $1,048 (source: MLS/based on county public records data).
The property at 1115 Varela St has 3 bedrooms and 2 bathrooms.
The property 1115 Varela St is 1,292 SqFt (source: MLS/tax record).
The year of construction for 1115 Varela St is 1948.
This home is located at 1115 Varela St in Key West, FL and zip code 33040. This 1,292 square foot home, which was built in 1948, sits on a 0.05 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 15, 2025 and is currently priced at $929,000.
Key West, FL housing market in June 2025 saw over 2 listings sold above listed price, more than 8 sold at listed price and over 35 sold below. The number of homes for sale in Key West, FL increased by 2% between May and June 2025. While the average time on the market in June 2025 was 91 days, the median list price was $1,100,000.
From Rocket Homes Real Estate and based on county public records data.