709 Whitmarsh Ln

3,956 Sq. Ft.
$881 / Sq. Ft.
3,956
Sq. Ft.
$881
per Sq. Ft.

Description

This exceptional 6-dwelling unit redevelopment opportunity perched atop Solares Hill, the 18' highest point in Key West, is practically shovel-ready and includes top-level planning & design that resulted in an issued building permit in 2024. Substantial renovation is already complete on four of the 1-bedroom units; only the house and studio apartment renovation and condo conversion remain. The current owner, an experienced developer, invested significant time and capital securing previous approvals...This exceptional 6-dwelling unit redevelopment opportunity perched atop Solares Hill, the 18' highest point in Key West, is practically shovel-ready and includes top-level planning & design that resulted in an issued building permit in 2024. Substantial renovation is already complete on four of the 1-bedroom units; only the house and studio apartment renovation and condo conversion remain. The current owner, an experienced developer, invested significant time and capital securing previous approvals with the assistance of seasoned local professionals to renovate and then convert the rentals to condos, including detailed architectural plans, local-attorney-prepared condominium documents, a proposed survey for the 6-unit condo development, detailed labor and materials cost projection by a local licensed contractor for the construction of the house, and full submittal documents and a building permit issued in early 2024. The only thing missing is a new buyer ready to complete the process. The property's ideal central location in the very heart of Old Town just two short blocks from Duval St., combined with the insurance savings and peace of mind given the high elevation, added to the redevelopment design and previous permitting, represents measurable, tangible value. The property's 6 residential units break down as follows:(1) an architecturally redesigned structure at 709 Whitmarsh Ln, with parking and pool, to replace the current single-family home and studio apartment, and (2) 4 additional, fully renovated, large 1-bedroom apartments housed in a historic 2-story building at 713 Whitmarsh Ln. This outstanding investment opportunity represents 6 legal, currently rented units in the absolute best location in Old Town Key West and with the building permit previously issued, a streamlined path to final execution of the condominium redevelopment. All final entitlements and approvals to be confirmed and completed by buyer. Fully tenant occupied, photos taken before move in.
  1. Listed by Keith Bland • Truman & Co. (KW)
  2. Listed by Tonya Cabanas • Truman & Co. (KW)

Property Details for 709 Whitmarsh Lane

Waterfront
None
Waterfront
No
Zoning
HHDR - Historic High Density Residential
Subdivision
Old Town - Unlisted (1.0)
Directions
Truman Ave. and make a right on Simonton St. Right on Angela St. Right on Whitmarsh Lane. Property is second on the left.
Building Style
Ground Level
Pets
Pets Allowed
LISTING UPDATED: 04/20/2026 06:31 PM

Property Details for 709 Whitmarsh Lane

StatusActive
MLS #619578
Days on Market1
Taxes$16,589 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential / Multi-Units
Year Built1943
Lot Size0.11 AC / 4,986 SF
CountyMonroe County

Location

Listing Courtesy of Truman & Co. (KW)
Add your commute

Building Information for 709 Whitmarsh Lane

Stories2Residences6Year Built1943Building Size-Lot Size0.11 AC / 4,986 SF

Payment Calculator

$18,931 per month

30 year fixed, 6.46% Interest

Principal and Interest

$17,549

Property Taxes

$1,382

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 709 Whitmarsh Lane

Summary
Location and General Information
  • Waterview: No Waterview
  • Area: 02 - Key West
  • Absolute Longitude: 81.799118
  • 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
  • Fee Includes: None
  • Furnished: Unfurnished
  • Tax Year: 2025
  • Tax Exemptions: None
Property
Lot Information
  • Lot Size: 91 X 55
  • Acres: 0.11
  • Parcel #: 00015540-000000
  • Land Size: Less Than 1/4 Acre
Property and Assessments
  • Legal: KW PT LOT 1 SQR 1 TR 4 G12-306/07 OR773-374/76 OR1197-1270 OR1540-1177 OR2185-1541/42 OR2403-2028 OR2931-535 OR2960-184
  • MLS Approved: Y
  • SqFt Source: Property Data Card
  • Flood Zone: X
  • Rentals Allowed: With Restrictions
  • Deed Restrictions: Unknown
  • Picture Count: 25
  • Document Count: 1
  • Building Style: Above Flood: Yes
  • Property Condition: Fixer Upper, Updated/Remodeled
  • Title: Negotiable
Utilities
  • Utilities: FKAA, Buyer to Verify, Municipal Sewer
  • Pub Sewer HkUp: Yes
  • Pool: No
  • Porch/Balcony: Open Porch/Balcony
Interior and Exterior Features
Interior Features
  • Floor: Tile, Vinyl
  • Appliances: Washer, Range, Refrigerator, Dryer
Exterior Features
  • Roof: Metal Roof
  • Construction: Frame, Stucco
  • Dockage: None
  • Exterior Features: Privacy Wall/Fence, Storage
  • Windows/Doors: Single Hung Windows

Property History for 709 Whitmarsh Lane

DateEvent & SourcePriceAppreciation
Apr 20, 2026

Listed (Active)

FKMLS #619578

$3,485,000
Apr 15, 2019

Sold (Public Record)

Public Record #645030653

$1,180,000
Apr 15, 2019

Sold (Public Record)

Public Record #645030653

$1,180,000
Apr 15, 2019

Sold

FKMLS #583576

$1,180,000
Apr 15, 2019

Sold

MiamiRE #A10422726

$1,180,000
Jan 29, 2019

Pending

FKMLS #583576

Jan 29, 2019

Pending

MiamiRE #A10422726

Jan 8, 2019

Listed (Active)

FKMLS #583576

$1,500,000
Oct 18, 2017

Listed (Active)

MiamiRE #A10422726

$1,600,000
DateEvent & SourcePrice
04/20/2026

Listed (Active)

FKMLS #619578

$3,485,000
04/15/2019

Sold (Public Record)

Public Record #645030653

$1,180,000
04/15/2019

Sold (Public Record)

Public Record #645030653

$1,180,000
04/15/2019

Sold

FKMLS #583576

$1,180,000
04/15/2019

Sold

MiamiRE #A10422726

$1,180,000
01/29/2019

Pending

FKMLS #583576

01/29/2019

Pending

MiamiRE #A10422726

01/08/2019

Listed (Active)

FKMLS #583576

$1,500,000
10/18/2017

Listed (Active)

MiamiRE #A10422726

$1,600,000

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

Public Records for 709 Whitmarsh Lane

Taxable ValueLand$1,187,478Additions$557,524Total$1,745,002
Tax Record2024$15,250 ($1,271 / month)
Home Facts
Baths5Total Finished SqFt2,494 SqFtAbove Grade Finished SqFt2,494 SqFtStories2Lot Size4,986 SqFtStyleMulti-Family Dwelling (2-4)Year Built1943Year Renovated2007CountyMONROEAPN00015540-000000

Schools near 709 Whitmarsh Lane

This home is within Monroe.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 6 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
Public6 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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709 Whitmarsh Lane is a multi-family home for sale in Key West, FL 33040. This listing's school district is Monroe. Nearby schools include Horace O'bryant School, Key West High School and Monroe Virtual Franchise. 709 Whitmarsh Lane is a 7-bed, 7-bath, 3,956 sqft multi-family home built in 1943.

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 Truman & Co. (KW)

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.