$1,800,000
 $9,663 est/mo Sourced by Back At You

511 Tabby Lane,KEY WEST, FL 33040

KEY WEST, FL 33040

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Description

Steeped in Key West history and unlike anything else available in Old Town, 511 Tabby Lane presents an opportunity to own one of the island's most extraordinary properties. Hidden away at the end of a charming pedestrian lane with direct access to iconic Duval Street, this remarkably private home offers a level of seclusion and potential that is virtually impossible to replicate. Rich in character and history, the property sits on an exceptionally deep 4,200-square-foot lot, a rarity in Old Town. There is simply no other property currently available that offers this combination of privacy, location, and land. The expansive lot provides endless possibilities, with ample space for a pool, pool house, guest quarters, lush gardens, outdoor entertaining areas, and more while still preserving the home's unique Old Town charm. Completely hidden from view behind a gated entrance, the property feels like a private tropical sanctuary in the heart of Key West. Whether you envision thoughtfully restoring the existing residence or creating a one-of-a-kind island compound, the possibilities are exceptional. The structure is believed to be a non-contributing building with HARC (buyer to verify), offering additional flexibility for future improvements. Adding to its rarity, the property is zoned for Transient License Receivership (buyer to verify), making it an incredibly attractive opportunity for investors, developers, or anyone seeking a truly unique Old Town residence. Properties of this caliber and significance rarely become available. 511 Tabby Lane represents a chance to own a piece of Key West history while creating something that future generations will treasure. This is Old Town at its most authentic--and an opportunity that simply cannot be duplicated.

Details

MLS #620880
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1913
Days On Site22
Listing Provided ByIsland Home Realty Inc. | Paige Bethel

Features

Bed(s)3
Bath(s) 1 Total
SQ Feet1,368
ZoningHRCC(1 - 4) - Hist Res Comm Core
Acreage0.10
Water FrontNone
Property ViewNo Waterview

Taxes

Property8330

Area Information

StateFL
CountyMonroe
CityKEY WEST
Zip Code33040
Area01 Key West
Community NameOld Town Unrecord (1.0)
Listing VS Median (in Old Town Unrecord (1.0))
Price:
$1,800,000
low | high
Med:
$1,350,000
75% of Average
sqft:
1,368
low | high
Med:
960
79.824561403509% of Average
$ / sqft:
$1,316
low | high
Med:
$1,406
43.125% of Average
On site:
22
low | high
Med:
160
13.75% of Average
Sourced by Back At You

Market Activity 33040

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Learn More About This Property

StateFL
CountyMonroe
CityKEY WEST
Zip Code33040
Area01 Key West
Community NameOld Town Unrecord (1.0)
Listing VS Median (in Old Town Unrecord (1.0))
Price:
$1,800,000
low | high
Med:
$1,350,000
75% of Average
sqft:
1,368
low | high
Med:
960
79.824561403509% of Average
$ / sqft:
$1,316
low | high
Med:
$1,406
43.125% of Average
On site:
22
low | high
Med:
160
13.75% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.35M - $2.25M
sqft: 1,000 - 1,500
Listing Updated: August 5, 2026 at 3:15:54 PM PDT