Date
Details
Price
Change
Source
10/24/2025
Listed
$2,490,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$2,490,000
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Property Description
**6%+ Cap Rate Opportunity ** Now offered at $2,490,000, this income producing Old Town property offers strong cash flow and immediate investor appeal. Located just steps from Duval Street, 402 Appelrouth Lane offers a rare investment opportunity in a premier X Flood Zone location. This mixed use property has income potential from residential and commercial units. With over 5000sqft of interior space this iconic structure showcases tall ceilings, historic architectural character and custom artistic details that give it Old Town Charm. Appelrouth Lane is known for strong foot traffic, established neighboring businesses and a desirable central location. just minutes from restaurants, galleries, shopping and Key West nightlife. Opportunities like this are exceptionally rare.
Full Property Details
Full Property Details for 402 Appelrouth Ln
General
- Price: $2,490,000
- Taxes: $14,665 (2025)
- Status: Active
- Type: Commercial
- Source: 927
- MLS ID: 617030
- Updated: 5/13/2026
- Added to Site: 207 day(s) ago
Interior
- Appliances: Refrigerator
- Flooring: Wood, Combo
Rooms
Bathrooms
- Total Bathrooms: 8
- Full Bathrooms: 6
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Location
- Area: 01 - Key West
- County: Monroe
- Subdivision: Jack Sq Prof Cent (1.0)
- Driving Directions: Located between the 500 blocks of Duval Street and Whitehead
Community
- Assoc. Fees Include: None
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Wall/Window Unit(s), Ceiling Fans(s), Central Air
Utilities
- # Water Meters: 1
- # Electric Meters: 3
Structural Information
- Construction: Frame
- Roof: Metal
- Stories/Levels: 3
- Year Built: 1943
Lot Features
- Property View: No Waterview
- Lot Size (Acres): 0.08
- Lot Size (Sq. Ft.): 3,636
- Lot Dimensions: 44.25 x 82.17
- Zoning: HRO - Historic Residential/Office
Water Features
- Water View: Yes
Financial Considerations
- Tax Amount: $14,665
- Tax Year: 2025
Disclosures and Reports
- Legal Description: Jackson Square Professional Center a Condominium KW PT Lot 4 SQR 50
- Flood Zone: X Flood Zone
- APN: 00010000-000101
Listed by Preferred Properties (KW), Key West Sisters (305) 747-0369
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Listing agent
— 402 Appelrouth Ln —
Key West Sisters
Preferred Properties (KW)
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 402 Appelrouth Ln
School District:Monroe County School District, Middle Torch Key, FL
| Name | Grades | Distance |
|---|---|---|
Horace O'bryant School 1105 Leon Street, Key West, FL 33040 | 6-8 | 1.1 mi |
Gerald Adams Elementary School 5855 College Road, Key West, FL 33040 | PK-5 | 4 mi |
Key West High School 2100 Flagler Avenue, Key West, FL 33040 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 402 Appelrouth Ln
Tax History
Tax History for 402 Appelrouth Ln
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,728
-1%
$544,656
—
2023
$4,790
26%
$544,656
—
2022
$3,809
-1%
$544,656
—
2021
$3,861
44%
$544,656
95%
2019
$2,678
-2%
$279,354
—
2018
$2,726
-2%
$279,354
—
2017
$2,772
-5%
$279,354
—
2016
$2,918
-2%
$279,354
—
2015
$2,983
-4%
$279,354
—
2014
$3,096
4%
$279,354
6%
2013
$2,966
—
$263,542
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 402 Appelrouth Ln
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- Townhouse
- Active
- Updated 3 hours ago
- 3Beds
- 3Total Baths
- 1,274Sq. Ft.
- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 4Total Baths
- 2,409Sq. Ft.
- Single Family
- Active
- Updated 5 days ago
- 2Beds
- 2Total Baths
- 1,344Sq. Ft.
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- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 2Total Baths
- 1,968Sq. Ft.
- Single Family
- Active
- Updated 6 days ago
- 3Beds
- 3Total Baths
- 1,667Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 2Beds
- 2Total Baths
- 1,284Sq. Ft.
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- Single Family
- Closed
- Updated 4 days ago
- 3Beds
- 3Total Baths
- 1,514Sq. Ft.
- Single Family
- Closed
- Updated 5 days ago
- 3Beds
- 3Total Baths
- 1,600Sq. Ft.
402 Appelrouth Lane, Key West, FL 33040 (MLS# 617030) is a Commercial property. 402 Appelrouth Lane is currently listed for $2,490,000 and was received on October 24, 2025. Want to learn more about 402 Appelrouth Lane? Do you have questions about finding other Commercial real estate for sale in Key West? You can browse all Key West real estate or contact a Coldwell Banker agent to request more information.