$10,000 Closing Credit¹
#613459, LISA FRINS P.A., Listing Office: Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
$2,300,000 List price
506 Frances St Key West, FL 33040
$10,000
Closing credit¹
6 beds
4 full
2,671 sqft
$861 / sqft
House
Property details
About 506 Frances St
Nestled on one of the most coveted blocks in Key West, this exceptional property in the Historic District is brimming with character and untapped potential. Currently configured as four distinct apartments - (A) 2BR/1BA, (B) 2BR/2BA, (C) Studio/1BA, and (D) 1BR/1BA - totaling 2,671 sq. ft., each unit features its own private outdoor space, a well-appointed kitchen, ample storage, and high ceilings that enhance the home's historic charm. Steeped in history, the home showcases classic Dade County pine walls, intricate crown molding, original spindles, and timeless Key West architecture. While not currently producing as a high-income property due to its setup for professional housing, it presents an incredible investment opportunity with the right vision. Whether reimagined as a high-yield rental, transformed into a grand single-family residence, or curated as a private compound, the possibilities are endless. With top-rated restaurants, vibrant amenities, and beaches just a stroll or bike ride away, this address delivers the quintessential Key West lifestyle - where history, elegance, and opportunity intersect. Seize this moment. The best of Key West awaits.
Highlights
Home typeSingle Family Residence
StatusActive
Size2,671 sqft
Year built1892
MLS #614330
Summary
- MLS Number: 614330
- MLS Name: KeyWest
- Office Name: Truman & Co. (KW)
- Office Phone: (305) 292-2244
- Listing Agent: Team Kaufelt
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: 4/20/2025, 3:15:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$2,300,000
506 Frances St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
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 | $1,126,357 | $9,840 |
| 2022 | $954,227 | $8,771 |
| 2021 | $780,836 | $8,771 |
History based on county public records data.
Nearby schools
6
Poinciana Elementary School
Public District PK-5
1.9 mi
•1407 Kennedy Dr
2
Gerald Adams Elementary School
Public District PK-5
3.5 mi
•5855 College Rd
9
Big Pine Academy
Public Charter PK-5
28.4 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 $69,729. The majority of Key West, FL residents have income between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
21%
<35k
45%
35k-100k
28%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
74%
Single, No Kids
4%
Single, with Kids
19%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
4%
<11 yrs old
1%
12-17 yrs old
23%
18-34 yrs old
56%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
Continuing Education Courses
Symphony or Opera
PGA/LPGA
Where do the neighbors shop?
Express/Express For Men
Chico's
Stein Mart
Where do the neighbors go to eat?
Qdoba
Boston Market
Bonefish Grill
What do the neighbors drive?
Volkswagen
Volvo
Lincoln
What do the neighbors listen to?
Urban Contemporary
Talk/Personality
Classical
All data provided by Home Junction and Claritas
Similar homes for sale
$10,000 Closing Credit¹
#612523, Team Spottswood/Vazquez, Listing Office: Truman & Co. (KW)
Tour
#612521, Bascom L Grooms, Listing Office: Bascom Grooms Real Estate (KW)
Tour
#614345, Brenda J Donnelly, Listing Office: Brenda Donnelly Real Estate LLC
#613507, Steven Koleno, Listing Office: Beycome of Florida, LLC
#O6275467, Steven Koleno, Listing Office: BEYCOME OF FLORIDA LLC
#613875, Tammy Stiles, Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
#612065, Andrea Leskova Otava, Listing Office: Last Key Realty, Inc (KW)
$10,000 Closing Credit¹
#611809, Team Kaufelt, Listing Office: Truman & Co. (KW)
#613071, Lisa Swanson, Listing Office: Berkshire Hathaway Knight & Gardner
Frequently asked questions
About 506 Frances St
This home is located at 506 Frances St in Key West, FL and zip code 33040. This 2,671 square foot home was built in 1892. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 25, 2025 and is currently priced at $2,300,000.
In March 2025, from all listings sold in Key West, FL there were more than 5 sold above asking price, over 41 sold below and more than 6 were sold right at the asked price. The number of homes for sale in Key West, FL increased by 9.3% between February and March 2025. Listings spent 96 days on the market in March 2025, and had a median list price of $1,050,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.