3729 Paula Ave

1,359 Sq. Ft.
$511 / Sq. Ft.
1,359
Sq. Ft.
$511
per Sq. Ft.

Description

Unlock the potential of this prime property located in the highly sought-after New Town Key West. Situated on a spacious 5,500 sq ft lot, this single-level home offers over 1,300 sq ft of air-conditioned living space, including three bedrooms and a versatile sunroom that can serve as a fourth bedroom. With ample room for an in-ground pool, a full bath, and a half guest bath, this property is perfect for maximizing rental income or creating a luxurious retreat. Built in 1963, the home features durable...Unlock the potential of this prime property located in the highly sought-after New Town Key West. Situated on a spacious 5,500 sq ft lot, this single-level home offers over 1,300 sq ft of air-conditioned living space, including three bedrooms and a versatile sunroom that can serve as a fourth bedroom. With ample room for an in-ground pool, a full bath, and a half guest bath, this property is perfect for maximizing rental income or creating a luxurious retreat. Built in 1963, the home features durable concrete construction and timeless mid-century modern design, ensuring long-term value and appeal. The large covered parking area accommodates multiple vehicles, making it ideal for tenants or guests, and can double as an entertainment space. This property is zoned for both monthly and long-term rentals, offering investors a lucrative opportunity in one of Florida's most desirable destinations. Whether you're looking to add a turnkey rental to your portfolio or undertake a full renovation to increase value, this property provides unmatched flexibility. As a short sale, this is a rare chance to acquire a valuable asset at a competitive price. Listed at $695,000, all offers are subject to lender approval. Don't miss out on this incredible investment opportunity in Key West--submit your offer today!
  1. Listed by Matthew Russell Carlson • Realty ONE Group Destination • rogdestination@gmail.com

Property Details for 3729 Paula Avenue

Waterfront
None
Waterfront
No
Zoning
SF - Single Family
Subdivision
Pearlman Est (4.0)
Vehicle Storage
Carport, Covered Parking, Off Street Parking
Pets
Pets Allowed
LISTING UPDATED: 12/30/2025 08:04 AM

Property Details for 3729 Paula Avenue

StatusPending
MLS #617224
Days on Market53
Taxes$5,586 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family
Year Built1963
Lot Size0.13 AC / 5,500 SF
CountyMonroe County

Location

Listing Courtesy of Realty ONE Group Destination
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Building Information for 3729 Paula Avenue

Stories1Year Built1963Building Size-Lot Size0.13 AC / 5,500 SF

Payment Calculator

$3,838 per month

30 year fixed, 6.11% Interest

Principal and Interest

$3,373

Property Taxes

$466

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 3729 Paula Avenue

Summary
Location and General Information
  • Waterview: No Waterview
  • Area: 04 - Key West
  • Absolute Longitude: 81.754956
  • Control Depth: 0
  • Listing Board: Key West Association
  • Side: Median
  • KW Neighborhood: New Town
  • Mile Marker: 4.0
  • Marathon Neighborhood: N/A
  • Key/Island: Key West
Taxes and HOA Information
  • Association Info: Mandatory Home Owners Asc: No
  • Association Info: 1st Right of Refusal: No
  • Fee Includes: None
  • Furnished: Unfurnished
  • Tax Year: 2024
  • Tax Exemptions: None
Property
Lot Information
  • Acres: 0.13
  • Parcel #: 00054900-000000
  • Land Size: Less Than 1/4 Acre
Property and Assessments
  • Legal: REPLAT OF BLOCK 3 PEARLMAN ESTATES KW PB3-171 LOT 18 BLK 3 OR263-110 OR540-67 OR2043-2323/2324(ORDER) OR2051-417 OR2051
  • MLS Approved: Y
  • Bank Owned: No
  • SqFt Source: Tax Records
  • Flood Zone: AE,AE
  • Rentals Allowed: Yes
  • Deed Restrictions: Unknown
  • Picture Count: 29
  • Document Count: 0
  • Building Style: Above Flood: Yes
  • Property Condition: Fixer Upper
  • Title: Title Ins - Seller
Utilities
  • Utilities: FKAA, Elect Separate Meter, Water Separate Meter, Municipal Sewer
  • Pub Sewer HkUp: Yes
  • Pool: No
Interior and Exterior Features
Interior Features
  • Interior Features: Other
  • Appliances: Washer, Microwave, Oven, Refrigerator, Dishwasher
Exterior Features
  • Construction: Concrete
  • Dockage: None
  • Exterior Features: Fencing

Property History for 3729 Paula Avenue

DateEvent & SourcePriceAppreciation
Dec 30, 2025

Pending

FKMLS #617224

Nov 7, 2025

Listed (Active)

FKMLS #617224

$695,000
Oct 31, 2025

Expired

FKMLS #611680

Sep 8, 2025

Listed (Active)

FKMLS #611680

Aug 27, 2025

Backup Contract

FKMLS #611680

Jun 3, 2025

Listed (Active)

FKMLS #611680

Mar 13, 2025

Backup Contract

FKMLS #611680

Oct 2, 2024

Price Change

FKMLS #611680

$850,000
Oct 2, 2024

Price Change

FKMLS #611680

$820,000
Oct 2, 2024

Price Change

FKMLS #611680

$799,900
Oct 2, 2024

Price Change

FKMLS #611680

$749,900
Oct 2, 2024

Price Change

FKMLS #611680

$705,000
Oct 2, 2024

Price Change

FKMLS #611680

$699,900
Oct 2, 2024

Listed (Active)

FKMLS #611680

$695,000
Oct 13, 2004

Sold (Public Record)

Public Record #146604724

$699,000
Oct 13, 2004

Sold

FKMLS #93642

$699,000
Oct 13, 2004

Sold

FKMLS #522764

$699,000
Aug 31, 2004

Pending

FKMLS #93642

Aug 31, 2004

Pending

FKMLS #522764

Jul 9, 2004

Listed (Active)

FKMLS #93642

$699,000
Jul 9, 2004

Listed (Active)

FKMLS #522764

$699,000
DateEvent & SourcePrice
12/30/2025

Pending

FKMLS #617224

11/07/2025

Listed (Active)

FKMLS #617224

$695,000
10/31/2025

Expired

FKMLS #611680

09/08/2025

Listed (Active)

FKMLS #611680

08/27/2025

Backup Contract

FKMLS #611680

06/03/2025

Listed (Active)

FKMLS #611680

03/13/2025

Backup Contract

FKMLS #611680

10/02/2024

Price Change

FKMLS #611680

$850,000
10/02/2024

Price Change

FKMLS #611680

$820,000
10/02/2024

Price Change

FKMLS #611680

$799,900
10/02/2024

Price Change

FKMLS #611680

$749,900
10/02/2024

Price Change

FKMLS #611680

$705,000
10/02/2024

Price Change

FKMLS #611680

$699,900
10/02/2024

Listed (Active)

FKMLS #611680

$695,000
10/13/2004

Sold (Public Record)

Public Record #146604724

$699,000
10/13/2004

Sold

FKMLS #93642

$699,000
10/13/2004

Sold

FKMLS #522764

$699,000
08/31/2004

Pending

FKMLS #93642

08/31/2004

Pending

FKMLS #522764

07/09/2004

Listed (Active)

FKMLS #93642

$699,000
07/09/2004

Listed (Active)

FKMLS #522764

$699,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3729 Paula Avenue

Taxable ValueLand$458,288Additions$192,708Total$650,996
Tax Record2024$5,586 ($465 / month)
Home Facts
Beds3Baths1.5Total Finished SqFt1,359 SqFtAbove Grade Finished SqFt1,359 SqFtStories1Lot Size5,500 SqFtStyleSingle Family ResidenceYear Built1963Year Renovated1998CountyMONROEAPN00054900-000000

Schools near 3729 Paula Avenue

This home is within Monroe.
Rating
School
Type
Grades
Distance
Public - PK to 5
Charter - K to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Poinciana Elementary School
PublicPK to 5

Sigsbee Charter School
CharterK to 8

Key West High School
Public9 to 12

The College Of The Florida Keys Academy
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Realty ONE Group Destination

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.