3729 Paula Avenue, Key West, FL 33040

$850,000 Asking Price

3 beds
2 baths
1,359  sqft
Built in 1963

Presenting a prime, new opportunity in New Town Key West! This property features a 5,500 sq ft lot with over 1,300 sq ft of air-conditioned living space, all situated on one level. The home includes three bedrooms, with an additional sunroom currently used as a non-conforming fourth bedroom. There is potential for an in-ground pool, along with a full bath and a half guest bath for added convenience. The property offers a large covered parking area with capacity for multiple vehicles, suitable for both parking and entertaining.This residence is move-in ready or can be considered for full renovation, providing flexibility for various buyer needs. Built in 1963, it showcases mid-century modern design elements and is constructed with durable concrete.The property allows for monthly and long-term rentals as per the regulations of Key West, making it a viable investment opportunity. Please note that this is a short sale and requires lender approval.

Features & Amenities

Interior

General:
Other
A/C:
Wall/Window Unit(s)

Exterior

General:
Fencing
Pool:
None

Location

County:
Monroe

Lot

Zoning:
SF - Single Family, 1055492, 00054900-000000

Utilities

Utilities:
FKAA,Elect Separate Meter,Water Separate Meter,Municipal Sewer

This listing courtesy of:
Realty ONE Group Destination, Matthew Russell Carlson

About Key West, FL

Housing

Number of Units
17,193
Median Home Value
$691,198
Median Rent
$1,698

57.07% of housing units are renter occupied.

19.25% are vacant.

Commute

Car
63.42%
Public Transportation
0.78%
Walk to Work
6.60%
Work from Home
10.68%
Other
2.85%

The median travel time to work is 14 minutes.

People

Population
31,038
Median Age
43.40
Median Household Size
2.48

Education

High School
26.79%
Associate’s Degree
7.86%
Bachelor’s Degree
22.80%
Graduate Degree
13.76%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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