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$1,400,000
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Property Description
Positioned on a rare 5000 Sq Ft. lot at one of the highest natural elevations on the Island, this property represents an exceptional opportunity in the heart of Old Town Key West - where location is everything. Set beneath a canopy of established trees, the site offers shade, privacy and a sense of timeless Old Town Character that is increasingly hard to find. Currently improved with a livable one-bedroom, one bath residence, the true value lies in the land itself. The existing structure provides flexibility - whether as a holding asset, future redevelopment or new build - allowing the next owner to capitalize on one of the most desirable settings in Key West. A full 10 out of 10 walkability Score, steps from world class dining, renowned live music cafes, galleries and the vibrant cultural fabric that defines the Island Lifestyle. A leisurely four minute walk to Duval St. underscores the property's unmatched proximity while maintaining a quieter, more refined residential feel. Opportunities of this caliber, high elevation, generous size lot, premier walkability and a blue chip location - are exceedingly rare. 708 Bakers Lane is a property for the discerning buyer who recognises that in Key West, land in the right spot is the ultimate luxury investment.
Full Property Details
Full Property Details for 708 Bakers Ln
General
- Sold For: $1,400,000
- Taxes: $9,829 (2025)
- Status: Closed
- Type: Single Family
- Source: 927
- MLS ID: 618002
- Added to Site: 128 day(s) ago
Interior
- Appliances: Microwave, Oven, Range, Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
Parking
- Parking Features: Off Street
Location
- Area: 01 - Key West
- County: Monroe
- Subdivision: Old Town - Unrecord (1.0)
Community
- Assoc. Fees Include: None
- Pets Allowed: Yes
Structural Information
- Architectural Style: Above Flood
- Construction Status: Fixer
- Construction: CBS
- Windows/Doors: Jalousie Windows
- Square Feet: 684
- Sq. Ft. Source: Property Data Card
- Year Built: 1972
- Property Condition: Fixer
Lot Features
- Property View: No Waterview
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 4,975
- Zoning: HDR - High Density Residential
Water Features
- Water View: Yes
Financial Considerations
- Tax Amount: $9,829.97
- Tax Year: 2025
- Terms: Cash, Conventional, VA Loan, FHA
Disclosures and Reports
- Legal Description: KW PT LOT 4 SQR 59 OR223-401 OR599-739 OR839-1483 OR923-2393 OR951-1964 OR1042-641 OR1042-643 OR2676-359 OR3067-2431 OR3
- Flood Zone: X
- APN: 00011910-000000
Listed by Suzanne Moore Real Estate, Suzanne M Moore (305) 797-0699
Sold by Keller Williams Key West Compass Realty, Elaine S Coyle
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Schools
Schools serving 708 Bakers 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 | 0.8 mi |
Key West High School 2100 Flagler Avenue, Key West, FL 33040 | 9-12 | 1.4 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 708 Bakers Ln
Date
Details
Price
Change
Source
4/02/2026
Sold
$1,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
708 Bakers Lane, Key West, FL 33040 (MLS# 618002) is a Single Family property that was sold at $1,400,000 on April 02, 2026. Want to learn more about 708 Bakers Lane? Do you have questions about finding other Single Family 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.

