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$2,650,000
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Property Description
Build new in Old Town, steps from the Atlantic. 711 Waddell Street offers something Key West's Historic District seldom allows: the opportunity to remove the existing 1952 concrete block ranch and build a brand-new, fully code-compliant home in its place. Plans for the new residence are currently in the City of Key West approval process, with approvals anticipated prior to closing, so the new owner can move forward with construction without starting the process from the beginning. The proposed design is a classic two-story Conch-style residence with 3 bedrooms and 3 baths. It features a full-width front porch with a balcony above, metal roof, louvered shutters, and wood entry doors, combining historic character with modern construction. Inside, the living room opens directly to a private pool, with an open kitchen and dining area at the center of the home. A ground-floor guest suite and an upstairs primary suite with walk-in closet and balcony access complete the plan. Off-street parking is included. The location is exceptional. The home sits across the street from the Atlantic Ocean and Louie's Backyard, one of Key West's most celebrated waterfront restaurants, in a quiet residential pocket of the Historic District. Morning walks along the water, sunset dinners across the street, and an easy bike ride to Duval Street are all part of daily life here. New construction means current hurricane and flood standards, new systems throughout, and finishes selected to your own taste. Buyer to verify plans, approval status, and permit requirements with the City of Key West.
Full Property Details
Full Property Details for 711 Waddell Ave
General
- Price: $2,650,000
- Taxes: $10,645 (2025)
- Status: Active
- Type: Single Family
- Source: 927
- MLS ID: 621713
- Updated: 10/20/2026
- Added to Site: 12 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Location
- Area: 02 - Key West
- County: Monroe
- Subdivision: Key West Investment Co Sub (1.0)
Community
- Assoc. Fees Include: None
- Pets Allowed: Yes
Structural Information
- Architectural Style: Above Flood
- Construction: Other
- Square Feet: 1,472
- Sq. Ft. Source: Tax Records
- Year Built: 1952
Lot Features
- Property View: No Waterview
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 3,000
- Lot Size Source: Seller
- Lot Dimensions: 50 x 60
- Zoning: HMDR - Historic Medium Density Residential
Water Features
- Water View: Yes
Financial Considerations
- Tax Amount: $10,645.65
- Tax Year: 2025
Disclosures and Reports
- Legal Description: KW KW INVESTMENT CO SUB PB1-69 LOT 8 SQR 13 TR 17 H3-394
- Flood Zone: AE
- APN: 00037710-000000
Listed by Island Life Realty Experts, Jimmy R Lane
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Schools
Schools serving 711 Waddell Ave
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 | 1.1 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 711 Waddell Ave
Date
Details
Price
Change
Source
10/15/2026
Listed
$2,650,000
324%
MLS
8/15/2015
Sold
$625,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 711 Waddell Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,646
5%
$1,414,204
-4%
2024
$10,160
15%
$1,470,043
28%
2023
$8,842
14%
$1,144,301
20%
2022
$7,735
9%
$956,948
25%
2021
$7,129
—
$765,264
4%
2021
$7,129
1%
$734,061
-3%
2019
$7,065
-7%
$754,042
-5%
2018
$7,589
2%
$796,750
3%
2017
$7,476
-7%
$770,325
-2%
2016
$8,063
34%
$787,866
58%
2015
$5,998
13%
$499,915
10%
2014
$5,298
5%
$454,469
10%
2013
$5,026
—
$413,154
—
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 711 Waddell Ave
711 Waddell Avenue, Key West, FL 33040 (MLS# 621713) is a Single Family property with 3 bedrooms and 2 full bathrooms. 711 Waddell Avenue is currently listed for $2,650,000 and was received on October 15, 2026. Want to learn more about 711 Waddell Avenue? 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.

