708 Bakers Ln

684 Sq. Ft.
$2,186 / Sq. Ft.
684
Sq. Ft.
$2,186
per Sq. Ft.

Description

Positioned on a rare 5000 Sq Ft. lot at one of the highest natural elevations on the Island, this property represents an exceptional opportunity in the heart of Old Town Key West - where location is everything. Set beneath a canopy of established trees, the site offers shade, privacy and a sense of timeless Old Town Character that is increasingly hard to find. Currently improved with a livable one-bedroom, one bath residence, the true value lies in the land itself. The existing structure provides...Positioned on a rare 5000 Sq Ft. lot at one of the highest natural elevations on the Island, this property represents an exceptional opportunity in the heart of Old Town Key West - where location is everything. Set beneath a canopy of established trees, the site offers shade, privacy and a sense of timeless Old Town Character that is increasingly hard to find. Currently improved with a livable one-bedroom, one bath residence, the true value lies in the land itself. The existing structure provides flexibility - whether as a holding asset, future redevelopment or new build - allowing the next owner to capitalize on one of the most desirable settings in Key West. A full 10 out of 10 walkability Score, steps from world class dining, renowned live music cafes, galleries and the vibrant cultural fabric that defines the Island Lifestyle. A leisurely four minute walk to Duval St. underscores the property's unmatched proximity while maintaining a quieter, more refined residential feel. Opportunities of this caliber, high elevation, generous size lot, premier walkability and a blue chip location - are exceedingly rare. 708 Bakers Lane is a property for the discerning buyer who recognises that in Key West, land in the right spot is the ultimate luxury investment.
  1. Listed by Suzanne M Moore • Suzanne Moore Real Estate

Property Details for 708 Bakers Lane

Waterfront
None
Waterfront
No
Zoning
HDR - High Density Residential
Subdivision
Old Town - Unrecord (1.0)
Building Style
Ground Level
Vehicle Storage
Off Street Parking
Pets
Pets Allowed
LISTING UPDATED: 01/09/2026 01:49 PM

Property Details for 708 Bakers Lane

StatusActive
MLS #618002
Days on Market30
Taxes$9,830 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family
Year Built1972
Lot Size0.11 AC / 4,975 SF
CountyMonroe County

Location

Listing Courtesy of Suzanne Moore Real Estate
Add your commute

Building Information for 708 Bakers Lane

Stories1Year Built1972Building Size-Lot Size0.11 AC / 4,975 SF

Payment Calculator

$8,106 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,286

Property Taxes

$819

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 708 Bakers Lane

Summary
Location and General Information
  • Waterview: No Waterview
  • Area: 01 - Key West
  • Absolute Longitude: 81.798755
  • Control Depth: 0
  • Listing Board: Key West Association
  • Side: Median
  • KW Neighborhood: Old Town-N of Truman
  • Mile Marker: 1.0
  • 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
  • License Info: # of City License: 1
  • Fee Includes: None
  • Furnished: Negotiable
  • Tax Year: 2025
  • Tax Exemptions: None
Property
Lot Information
  • Acres: 0.11
  • Parcel #: 00011910-000000
  • Land Size: Less Than 1/4 Acre
Property and Assessments
  • Legal: KW PT LOT 4 SQR 59 OR223-401 OR599-739 OR839-1483 OR923-2393 OR951-1964 OR1042-641 OR1042-643 OR2676-359 OR3067-2431 OR3
  • MLS Approved: Y
  • SqFt Source: Property Data Card
  • Flood Zone: X
  • Rentals Allowed: With Restrictions
  • Deed Restrictions: Unknown
  • Picture Count: 10
  • Document Count: 0
  • Building Style: Above Flood: Yes
  • Property Condition: Fixer Upper
Utilities
  • Utilities: FKAA
  • Pub Sewer HkUp: Yes
  • Pool: No
Interior and Exterior Features
Interior Features
  • Appliances: Refrigerator, Microwave, Oven, Range
Exterior Features
  • Construction: CBS
  • Dockage: None
  • Windows/Doors: Jalousie Windows

Property History for 708 Bakers Lane

DateEvent & SourcePriceAppreciation
Jan 8, 2026

Listed (Active)

FKMLS #618002

$1,495,000
Oct 23, 2022

Expired

FKMLS #595883

Aug 1, 2022

Sold (Public Record)

Public Record #1495728371

$1,195,000
Aug 1, 2022

Sold

FKMLS #602362

$1,195,000
Aug 1, 2022

Pending

FKMLS #602362

Aug 1, 2022

Listed (Active)

FKMLS #602362

$1,195,000
Sep 6, 2021

Temp Off Market

FKMLS #595883

May 26, 2021

Listed (Active)

FKMLS #595883

May 11, 2021

Backup Contract

FKMLS #595883

Apr 23, 2021

Listed (Active)

FKMLS #595883

$995,000
DateEvent & SourcePrice
01/08/2026

Listed (Active)

FKMLS #618002

$1,495,000
10/23/2022

Expired

FKMLS #595883

08/01/2022

Sold (Public Record)

Public Record #1495728371

$1,195,000
08/01/2022

Sold

FKMLS #602362

$1,195,000
08/01/2022

Pending

FKMLS #602362

08/01/2022

Listed (Active)

FKMLS #602362

$1,195,000
09/06/2021

Temp Off Market

FKMLS #595883

05/26/2021

Listed (Active)

FKMLS #595883

05/11/2021

Backup Contract

FKMLS #595883

04/23/2021

Listed (Active)

FKMLS #595883

$995,000

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

Public Records for 708 Bakers Lane

Taxable ValueLand$1,011,442Additions$115,072Total$1,126,514
Tax Record2024$9,546 ($796 / month)
Home Facts
Beds1Baths1Total Finished SqFt684 SqFtAbove Grade Finished SqFt684 SqFtStories1Lot Size5,025 SqFtStyleSingle Family ResidenceYear Built1972Year Renovated1999CountyMONROEAPN00011910-000000

Schools near 708 Bakers Lane

This home is within Monroe.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 2 to 12
Public - K to 5
Rating
School
Distance
Horace O'bryant School
PublicPK to 8

Key West High School
Public9 to 12

Monroe Virtual Franchise
Public2 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.

Similar Homes

Similar Sold Homes

708 Bakers Lane is a single family home for sale in Key West, FL 33040. This property was listed for sale on January 8, 2026 by Suzanne Moore Real Estate, it's currently listed at $1,495,000. It has been on the market for a total of 30 days and was last sold on August 1, 2022. This listing's school district is Monroe. Nearby schools include Horace O'bryant School, Key West High School and Monroe Virtual Franchise. 708 Bakers Lane is a 1-bed, 1-bath, 684 sqft single family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Suzanne Moore Real Estate

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.