506 Frances Street, Key West, FL | MLS# 614330
Active Key West Real Estate | 506 Frances Street, Key West, FL | Listed Exclusively by TEAMKAUFELT of Truman & Company Real Estate
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.
| Price: | $2,300,000 |
|---|---|
| Address: | 506 Frances Street |
| City: | KEY WEST |
| State: | Florida |
| Zip Code: | 33040 |
| Subdivision: | Old Town - Unrecord (1.0) |
| MLS: | 614330 |
| Year Built: | 1892 |
| Square Feet: | 2,671 |
| Bedrooms: | 6 |
| Bathrooms: | 4 |
| area: | 01 - Key West |
|---|---|
| pets: | Pets Allowed |
| pool: | no |
| roof: | Metal Roof |
| side: | Median |
| floor: | Tile |
| legal: | KW PT LT 2 SQR 45 OR710-619 OR712-307 OR851-184 OR1116-1846/47 OR1486-2493/95 OR1516-1076/77 OR1585-1948 OR2496-528/29 |
| style: | Multi-Units |
| taxes: | 10488.38 |
| dockage: | None |
| lotSqft: | 3883 |
| taxYear: | 2024 |
| landSize: | Less Than 1/4 Acre |
| floodZone: | AE |
| furnished: | Unfurnished |
| keyIsland: | Key West |
| parcelNum: | 00007320-000100 |
| utilities: | FKAA, Water Separate Meter, Cable Available, Elect Separate Meter, Buyer to Verify, Municipal Sewer |
| waterview: | No Waterview |
| appliances: | Washer, Oven, Refrigerator, Dishwasher, Dryer |
| mileMarker: | 1 |
| sqftSource: | Property Data Card |
| waterfront: | no |
| feeIncludes: | None |
| licenseInfo: | Non Trans Rntl Lic |
| construction: | Frame |
| porchBalcony: | Open Porch/Balcony, Deck, Patio |
| pubSewerHkup: | yes |
| taxExemptions: | None |
| coolingHeating: | Wall/Window Unit(s), Ductless, Ceiling Fans(s) |
| kwNeighborhood: | Old Town-N of Truman |
| rentalsAllowed: | With Restrictions |
| waterfrontType: | None |
| deedRestrictions: | Unknown |
| exteriorFeatures: | Shed |
| interiorFeatures: | Pantry, Dade County Pine, Storage |
| associationInfoHOA: | no |
| marathonNeighborhood: | N/A |
| buildingStyleAboveFlood: | Unknown |
| associationInfo1stRightOfRefusal: | no |
Location Map
©2025 Florida Keys MLS, Inc. The data relating to real estate for sale on this web site comes in part from the Florida Keys Multiple Listing Service. The information being provided is 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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Information is deemed reliable but not guaranteed. Data last updated: Tuesday, April 29th, 2025 at 03:11:16 PM.
Data services provided by IDX Broker
Listed by: Truman & Co. (KW) 305-292-2244
