Tour
#614974, Brenda J Donnelly, Listing office: Brenda Donnelly Real Estate LLC
$7,500,000 List price
723 Eaton St Key West, FL 33040
7 beds
7 full, 2 partial
3,000 sqft
0.2 acres
$2,500 / sqft
House
Property details
About 723 Eaton St
Private Compound on Eaton and Peacon Lane | Old Town Key WestAn extraordinary property in the heart of Old Town, this rare compound is a masterclass in island living. Spanning from Eaton Street to Peacon Lane, the property includes four beautifully reimagined residences set behind lush, professionally designed tropical landscaping with gated entrances on both sides. Located just steps from the Historic Seaport and near Fausto's Grocery, this prime location lies within Key West's oldest and most storied neighborhood.At the center of the compound is a grand yet welcoming main residence--brand-new construction featuring three bedrooms, three and a half baths, soaring ceilings, tall doors and windows, and a seamless flow between indoor and outdoor spaces. French doors lead to a serene courtyard with a stunning pool and water feature, creating the perfect backdrop for elegant entertaining or peaceful retreat.Three additional residences offer versatility and privacy, including two one-bedroom, one-bath apartments, each with private outdoor space, plus a lovely two-bedroom, two and a half-bath, top floor, pied-a-terre. All have been fully renovated and include private laundry. The Peacon Lane apartment and the main home are currently operated as high-performing monthly vacation rentals, making this an attractive investment opportunity as well.Additional features include five off-street parking spaces, including two designated for golf carts, a commercial-grade fire suppression system throughout, and secure basement storage. Every inch of this property reflects care, craftsmanship, and a deep respect for Key West's architectural heritage--with none of the headaches of renovation left to do.Whether you're seeking a luxurious personal retreat, a flexible multi-residence compound, or a legacy investment in one of Key West's most desirable neighborhoods, this is truly a once-in-a-generation opportunity.
Highlights
Home typeSingle Family Residence
StatusActive
Size3,000 sqft
Lot size0.19 Acres
Year built1933
ParkingOff Street
MLS #615943
Private poolYes
Summary
- Partial Bathrooms: 2
- Full Bathrooms: 7
- Total Bedroom Count: 7
- Private Pool: Yes
- Parking: Off Street
- Architectural Style: Multi-Units
- List Price: $7,500,000
- Price/SqFt: $2,500
- Annual Tax Amount: $21,994
- Tax Year: 2023
- Directions: On Eaton Street at Peacon Lane. Look for the big Rooster!
- Year Built: 1933
- Living Area: 3,000 SqFt
- Lot Size: 0.19 Acres
- MLS Number: 615943
- MLS Name: KeyWest
- Office Name: Preferred Properties (KW)
- Office Phone: (305) 294-3040
- Listing Agent: Kirksten C Irick
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: 7/31/2025, 6:45:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 08, 2017 | Home Sold | $1,500,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $2,646,195 | $21,994 |
| 2022 | $2,342,250 | $19,657 |
| 2021 | $1,150,185 | $19,657 |
| 2020 | $1,157,775 | $11,003 |
History based on county public records data.
Nearby schools
6
Poinciana Elementary School
Public District PK-5
2.2 mi
•1407 Kennedy Dr
2
Gerald Adams Elementary School
Public District PK-5
3.8 mi
•5855 College Rd
9
Big Pine Academy
Public Charter PK-5
28.7 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 $78,547. Residents of Key West, FL typically earn between $35k-100k each year. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
16%
<35k
45%
35k-100k
31%
100k-200k
8%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
69%
Single, No Kids
3%
Single, with Kids
22%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
5%
<11 yrs old
3%
12-17 yrs old
26%
18-34 yrs old
49%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Yoga/pilates
Continuing Education Courses
Figure Skating
Where do the neighbors shop?
H&M
Express/Express For Men
Chico's
Where do the neighbors go to eat?
Dominos Pizza
Qdoba
Bob Evans
What do the neighbors drive?
Audi
Volkswagen
Oldsmobile
What do the neighbors listen to?
Alternative
Urban Contemporary
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 723 Eaton St
The listing price of 723 Eaton St property is $7,500,000.
The property 723 Eaton St is a house located in Key West, Florida, 33040.
Active Listing: 723 Eaton St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 723 Eaton 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), Monroe Virtual Instruction Program (GreatSchools Rating 2/10), Somerset Island Preparatory (GreatSchools Rating 6/10), Key West High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $21,994 (source: MLS/based on county public records data).
The last sale was on June 8, 2017 for $1,500,000 (source: MLS/tax record).
The property at 723 Eaton St has 7 bedrooms and 7 full and 2 half bathrooms.
The property 723 Eaton St is 3,000 SqFt (source: MLS/tax record).
The year of construction for 723 Eaton St is 1933.
This home is located at 723 Eaton St in Key West, FL and zip code 33040. This 3,000 square foot home, which was built in 1933, sits on a 0.19 acre lot. Features: 7 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since July 26, 2025 and is currently priced at $7,500,000.
In June 2025, from all listings sold in Key West, FL there were more than 2 sold above asking price, over 35 sold below and more than 8 were sold right at the asked price. The number of homes for sale in Key West, FL increased by 2% between May and June 2025. Listings spent 91 days on the market in June 2025, and had a median list price of $1,100,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.