OFF MARKET

Off Market Jan 2019 for $340K

$464,107

Est. refi paymentEst. refi $2,736/mo

•

360

sq ft

1014 Varela St #2, Key West, FL 33040

About this home

Affordable Old Town Living! Journey down the tropically landscaped path to find this delightful 1BD/1BA property. Downstairs unit with lots of private outdoor space, including a sitting area in the front and a large backyard with privacy fencing, mature foliage, and storage sheds. Low condo fees include insurance. This tropical oasis is in Flood Zone X and centrally located near Truman and White St. in the heart of Key West.

CondoProperty Type

1908Year Built

$1,289Est. Price/Sq.Ft.

Listed by Scott Forman • Royal Palms Realty (KW)

Listed by Sara Hallett • Royal Palms Realty (KW)

Bought with Elizabeth Chamberlain • Berkshire Hathaway HomeServices Knight & Gardner Realty

Redfin checked: a minute ago

•Source:FLKMLS #580810

Redfin Estimate

$464,107

$124K since sold in January 2019$11K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 31.3% lower than the average sale price ($676K) of 6 comparable homes.

SOLD JUL 3, 2026
$830,000
A
1 bed1 bath554 sq ft
907 White St #5, Key West, FL 33040
SOLD AUG 11, 2026
$802,000
B
1 bed1 bath740 sq ft
817 Eaton St #1, Key West, FL 33040
SOLD MAY 12, 2026
$495,000
C
1 bed1 bath525 sq ft
1500 Seminary St Unit 5A, Key West, FL 33040
SOLD SEP 10, 2026
$700,000
D
2 beds1 bath745 sq ft
906 Truman Ave Apt 1, Key West, FL 33040
SOLD APR 27, 2026
$470,000
E
1 bed1 bath434 sq ft
1411 Truman Ave Apt 1, Key West, FL 33040
SOLD JUL 14, 2026
$758,000
F
1 bed2 baths650 sq ft
616 Caroline St #6, Key West, FL 33040

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Earn from this home

Refinance

Est. cash available

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Rent

$1,555/mo

Redfin rental estimate

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Market trends in 33040, FL

Last updated August 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

95.5%

0.0% MoM

Median sale price

$997K

$103K MoM

Avg. days on market

141d

11 days MoM

Recently sold homes

116

18 MoM

New listings for sale

NEW 21 HRS AGO
$535,000
2 beds2 baths1,032 sq ft
3316 Harriet Ave, Key West, FL 33040
NEW 25 HRS AGO
$739,000
2 beds1 bath390 sq ft
316 Virginia St, Key West, FL 33040
$1,299,000
3 beds2.5 baths1,260 sq ft
626 Fleming St Unit A, Key West, FL 33040
FOR SALE BY OWNER
$675,000
— beds— baths— sq ft
5 Boca Chica Rd, Key West, FL 33040
3D WALKTHROUGH
$779,000
4 beds2 baths1,448 sq ft
1220 Newton St #5, Key West, FL 33040
$1,375,000
2 beds2 baths948 sq ft
1216 Packer St, Key West, FL 33040
$869,000
2 beds1 bath680 sq ft
620 Thomas St #149, Key West, FL 33040
$2,980,000
3 beds2 baths1,782 sq ft
728 Poor House Ln, Key West, FL 33040
$649,000
1 bed1 bath626 sq ft
806 Florida St Apt 5, Key West, FL 33040
$2,919,000
3 beds4 baths3,461 sq ft
3615 Eagle Ave, Key West, FL 33040
See all

Provided by Redfin

Sale history for 1014 Varela St #2

Date

Event

Price

FLKMLS #104688

May 15, 2020

Listing Removed

—

Jan 23, 2007

Listed

$435,000

$1,208/sq ft

FLKMLS #580810

Jan 15, 2019

Sold

$340,000

$944/sq ft

Jun 27, 2018

Listed

$367,500

$1,021/sq ft

Public Records

Nov 25, 2008

Sold

$245,100

$681/sq ft

FLKMLS #107786

Nov 21, 2008

Sold

$245,000

$681/sq ft

Feb 4, 2008

Listed

$299,000

$831/sq ft

This one bedroom condo is quietly secluded in the middle of the block in the rear of the Viva Varela compound. It includes fenced private front and rear decked yards. The kitchen has a new GE Advantium micro/oven as well as a dishwasher and gas cook top. The living area opens through French doors to the rear yard. The floors are tiled and an optional Murphy bed is available. There is also an electrical outlet for the addition of a private spa in the rear as well as an avocado tree. With lush vegetation throughout the compound, this is a great escape in the White Street gallery historic district.

Tax history for 1014 Varela St #2

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

1908

Sq. Ft.

308

Year built

1908

Style

Condo/Co-op

County

Monroe County

APN

0568 25 00032600000105

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 10, 2026.

HMDR

Historic Medium Density Residential District

The historic medium density residential district HMDR is established to implement comprehensive plan policies for areas designated HMDR on the comprehensive plan future land use map. The HMDR district shall accommodate historic Old Town medium density residential development for permanent residents, including single-family, duplex, and multiple-family residential structures. The HMDR district shall provide a management framework for preserving the residential character and historic quality of the medium density residential areas within Old Town.; In addition, accessory uses, including approved home occupations conducted within the residential structure, and customary community facilities can be located in the HMDR designated area. This area shall not accommodate transient residential uses, including guesthomes, motels or hotels. Similarly, the area shall not accommodate commercial office, retail, or other commercial uses. Lawfully existing office or commercial uses shall be permitted to continue to exist as lawful nonconforming uses if such uses continue to comply with conditions invoked when the respective uses were approved. In the event the city owns the portion of the Truman Waterfront Parcel designated HMDR, the site will be developed for 100 percent affordable housing. If the site is privately owned, one-third of the dwelling units will be affordable.

Permitted uses

Include but are not limited to:

Housing-Group
Housing-Single unit
Housing-Multiple units

Property details

Interior

Virtual Tour

Interior Features
Interior Features: Built-in Cabinets, Smoke Alarms, Drapes/Blinds Incl
Flooring: Tile Floor
Windows/Doors: French Doors, Wood Windows
Cooling/Heating: Window/Wall Unit
Appliances: Dishwasher, Washer, Range, Oven, Microwave, Gas Appliances, Dryer
Furnished: Unfurnished

Bathroom Information
# of Full Baths: 1

Exterior

Boat Slip/Dock Information
Dockage: None

Exterior Features
Exterior Features: Privacy Wall/Fence, Shed, Storage
Porch/Balcony: Deck

Property Features
Waterfront Type: None
Waterview: No Waterview

Property Information
Deed Restrictions: Unknown
Pets: Pets Allowed
Pets: Pets w/Restrictions: YES
Rentals Allowed: With Restrictions
Min Rental Days: 365

Lot Information
Zoning: HMDR - Historic Medium Density Residential
Land Size: Less Than 1/4 Acre
Flood Zone: X

Building Information
Year Built: 1,908
Sq. Ft. Source: Seller
Building Style: Above Flood: Yes
Construction: Frame
Roof: Metal Roof

Subdivision/Neighborhood
Subdivision: Viva Varela (1.0)
Key West Neighborhood: Old Town-S of Truman

Financial

Tax Information
Taxes: $1,180.24
Tax Year: 2,017
Tax Exemptions: Homestead

Utilities

Utility Information
Utilities: FKAA, Propane, Municipal Sewer
Pre-Wired: Cable
Has Public Sewer Hook-up

Location

Homeowners Association Information
Mandatory Home Owners Association
Association Info: 1st Right of Refusal: Yes
Association Info: Condo Doc's: Yes
Association Info: Association Fee $: 160.00
Association Info: Association/Maintenance Fee Per: Monthly
Fee Includes: Building Insurance, Sewer, Water, Common Area Maintenance

Location Information
Side: Median
Mile Marker: 1.00
Directions: Located on Varela St. between Truman and Virginia. Enter through the gate and walk down the path until you see the gate marked #2 on the left.

Public facts

Beds: 1
Baths: —
Sq. Ft.: 308
Stories: —
Lot Size: —
Style: Condo/Co-op
Year Built: 1908
Year Renovated: 1908
County: Monroe County
APN: 0568 25 00032600000105

Home facts updated by county records on Jul 10, 2026

Around this home

Schools

Horace O'bryant School

Public PreK-8 • Assigned • 0.4mi

3/10

Key West High School

Public 9-12 • Assigned • 0.9mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Historical weather

Key West, FL • 33040

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.1 hours in June and 7.3 hours in December, placing it above the U.S. average for solar exposure.

10.1 hrs

7.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$441,000 – $534,000

Sell confidently with a local market expert in Key West. 3 minutes to get started.

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FOR SALE BY OWNER

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— beds— baths— sq ft

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3D WALKTHROUGH

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Home values near 1014 Varela St #2

Data from public records.

Address	Redfin Estimate
1014 Varela St Apartment 3, Key West, FL 1 Beds \| 1 Baths \| 308 Sq. Ft.	$385,887
1018 Varela St, Key West, FL 1 Beds \| 1 Baths \| 1071 Sq. Ft.	$855,924

Address	Redfin Estimate
1011 Varela St Apartment 5, Key West, FL - Beds \| 1 Baths \| 211 Sq. Ft.	$351,006
1014 Varela St Apartment 4, Key West, FL 2 Beds \| 1 Baths \| 810 Sq. Ft.	$586,672

Address	Redfin Estimate
1020 Varela St, Key West, FL 3 Beds \| 3 Baths \| 1560 Sq. Ft.	$1,037,933
1010 Varela St, Key West, FL 6 Beds \| 5 Baths \| 3044 Sq. Ft.	—

Property information provided by FLKMLS when last listed in 2018. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 33040, FL

Sale history for 1014 Varela St #2

Tax history for 1014 Varela St #2

Public record

Property details

Around this home

Schools

Lifestyle

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 33040

Home values near 1014 Varela St #2

More real estate resources