New Listing
$1,235,000
 $6,630 est/mo Sourced by Back At You

738 Olivia Street,KEY WEST, FL 33040

KEY WEST, FL 33040

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Description

SAY HELLO TO THE KEY LIME COTTAGE. A slice of Key West, with more room than you'd expect. With lime-green siding, white trim, and a blue front door, 738 Olivia Street has a personality that carries beyond the curb. Set in the X flood zone in Old Town, this historic Conch cottage pairs classic character with two bonus spaces and indoor-outdoor living. Framed by palms, a proper Key West front porch invites coffee, conversation, and watching the world go by. You may leave later than intended. Inside, cathedral ceilings give the living space height and presence. The kitchen features quartz countertops, custom wood cabinetry, and stainless steel appliances. Impact windows and doors and mini-split cooling add comfort. Listed as one bedroom, the cottage lives well beyond its bedroom count, with a ladder-accessed sleeping loft and detached cabana providing two distinct bonus spaces. French doors open to a large covered lanai for al fresco dining or an afternoon with nowhere else to be. Living flows into the lush tropical courtyard, making the outdoors another room of the house. The cabana offers bonus space for a studio, workspace, or potential sleeping retreat, with an outdoor shower, half bath, and refrigerator nearby. For investors, the main bedroom and two bonus spaces offer potential for three separate sleeping areas, broadening rental appeal. A broad, rarely used private landscaped driveway beside the home and an expansive tropical private parking lot behind it create unusual separation. In Old Town, where cottages often stand just feet apart, this breathing room is a quiet luxury. Parking accommodates a large vehicle and potentially a moped or small golf cart in front or behind it. Duval Street is three blocks away, with Fort Zachary Taylor State Park, Higgs and Smathers beaches, restaurants, and grocery stores within biking distance. Enough nearby to fill the day. A very good porch if you decide otherwise.

Details

MLS #621972
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1933
Days On Site3
Listing Provided ByTruman & Co. (KW) | Team Kaufelt

Features

Bed(s)1
Bath(s) 2 Total
SQ Feet767
ZoningHHDR - Historic High Density Res
Acreage0.05
Water FrontNone
Property ViewNo Waterview

Taxes

Property3076

Area Information

StateFL
CountyMonroe
CityKEY WEST
Zip Code33040
Area01 Key West
Community NameCarletons Compound (1.0)
Listing VS Median (in Carletons Compound (1.0))
Price:
$1,235,000
low | high
Med:
$1,235,000
50% of Average
sqft:
767
low | high
Med:
767
50% of Average
$ / sqft:
$1,610
low | high
Med:
$1,610
50% of Average
On site:
3
low | high
Med:
3
100% 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 NameCarletons Compound (1.0)
Listing VS Median (in Carletons Compound (1.0))
Price:
$1,235,000
low | high
Med:
$1,235,000
50% of Average
sqft:
767
low | high
Med:
767
50% of Average
$ / sqft:
$1,610
low | high
Med:
$1,610
50% of Average
On site:
3
low | high
Med:
3
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $926K - $1.543M
sqft: 575 - 959
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921 Center Street 2 Property Photo 1
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921 Center Street 2
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Listing Updated: November 6, 2026 at 3:25:59 PM PST
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