Best Priced 5-Bedroom Compound in Key West | Renovated Old Town Home with Detached Guest House | X Flood Zone This is the opportunity buyers have been waiting for in Old Town Key West. Located just steps from Duval Street, world-class dining, galleries, and beaches, this fully renovated 5-bedroom compound offers walkability, privacy, and modern luxury -- all in the coveted X Flood Zone. The 1,908 SF main residence impresses with 14-foot cathedral ceilings and a bright, open-concept living, dining, and chef's kitchen designed for effortless entertaining. French doors open seamlessly to the outdoor living space, blending interior comfort with island lifestyle. The kitchen features Caesarstone quartz countertops, Sub-Zero refrigeration, Wolf gas range, Fisher & Paykel double-drawer dishwasher, beverage drawers, and microwave drawer -- combining high-end performance with clean design. Upstairs, the primary suite offers a private retreat with its own washer and dryer. Two guest bedrooms downstairs share a well-appointed bath with additional laundry for convenience. Impact windows and doors provide peace of mind. Outside, enjoy a heated pool surrounded by lush tropical landscaping, expansive entertaining deck, tranquil waterfall feature, and covered lounge area. Sonos sound with Focal low-profile speakers enhances the ambiance throughout the main home. At the rear of the property, the 813 SF detached guest house lives like a second residence, offering two ensuite bedrooms, kitchenette, dining area, and loft sitting space -- ideal for guests, extended family, or flexible use. Off-street parking for two vehicles, privacy fencing, and storage for pool and garden equipment complete this exceptional offering. Best priced 5-bedroom compound currently available in Key West. Move-in ready. X Flood Zone. Old Town location. Easy to show. Video available upon request.
Single-familyProperty Type
1938Year Built
4,774 sq ftLot Size
$1,011Price/Sq.Ft.
2 spacesParking
Listed by Team Gardner/Langley• Berkshire Hathaway HomeServices Knight & Gardner Realty
Est. $5,539 per month, based on comparable rentals
Sale and tax history for 1114 Packer St
Sale History
Tax History
Date
Event
Price
FLKMLS #613071
Jun 29, 2026
Sold
$2,750,000
$1,011/sq ft
May 22, 2026
Contingent
—
Feb 27, 2026
Price Changed
$3,075,000
$1,130/sq ft
Jan 27, 2026
Price Changed
$3,195,000
$1,174/sq ft
Dec 15, 2025
Price Changed
$3,249,500
$1,194/sq ft
Oct 20, 2025
Price Changed
$3,395,000
$1,248/sq ft
Aug 14, 2025
Price Changed
$3,495,000
$1,284/sq ft
Jun 23, 2025
Price Changed
$3,595,000
$1,321/sq ft
May 27, 2025
Price Changed
$3,650,000
$1,341/sq ft
Mar 3, 2025
Price Changed
$3,750,000
$1,378/sq ft
Feb 24, 2025
Price Changed
$3,940,000
$1,448/sq ft
Jan 29, 2025
Price Changed
$3,999,500
$1,470/sq ft
Jan 10, 2025
Listed
$4,500,000
$1,654/sq ft
MARMLS #A11847600
Dec 29, 2025
Listing Removed
—
Jan 10, 2025
Listed
$3,595,000
$1,321/sq ft
FLKMLS #120758
Aug 3, 2015
Sold
$1,410,000
$518/sq ft
Dec 9, 2014
Listed
$1,500,000
$551/sq ft
+20
This is a very special property in the historic district and the X flood zone. The main house has 2 bedrooms and 2.5 baths with travertine floors on the first floor and wood floors in the master upstairs. An open gourmet kitchen, dining, and living area features vaulted ceilings in the living room with French doors that lead to the swimming pool (11' X 26) on one side and a covered porch with a wonderful outdoor kitchen and sitting area on the other. This home also has a 2 bedroom and 2 bath guest cottage, lovely garden area and off street parking, What more could you want?
FLKMLS #91112
Jul 16, 2001
Sold
$769,000
$283/sq ft
Jul 1, 2001
Listed
$769,000
$283/sq ft
Public Records
Jun 21, 2000
Sold
$390,000
$143/sq ft
Public Records
Jun 21, 2000
Sold
$195,000
$72/sq ft
Public Records
Apr 23, 1987
Sold
$90,000
$33/sq ft
Public Records
Jan 1, 1982
Sold
$40,000
$15/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$14,380 (+7.3%)
2024
$13,401 (+8.0%)
2023
$12,411 (+9.7%)
2022
$11,312 (+9.1%)
2021
$10,372 (+0.5%)
$496,257 + $590,491
$1,086,748
2020
$10,325 (+8.1%)
$544,045 + $541,552
$1,085,597
2019
$9,551 (−1.1%)
$544,045 + $541,552
$1,085,597
2018
$9,659 (−2.1%)
$528,422 + $452,508
$980,930
2017
$9,871 (+59.4%)
$528,422 + $458,216
$986,638
2015
$6,193 (+4.1%)
$818,960 + $314,535
$1,133,495
2014
$5,947
Public record
Public record
Zoning
Permits
Beds
3
Baths
2.5
Stories
2
Lot width
—
Lot depth
—
Lot size
4,774 Sq. Ft.
Year renovated
2018
Sq. Ft.
1,284
Year built
1938
Style
Single Family Residential
County
Monroe County
APN
0568 25 00031440000000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 28, 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
Jun 17, 2026 • Final
Mechanical hvac
HVAC
Sep 22, 2021 • Final
Deck
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.