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About This Home

This 3-bedroom, 3-bathroom single family at 1016 Varela Street in Key West, FL is listed for $1,185,000 ($907 per sqft). Built in 1924, the home offers 1,306 sqft of living space on a 0.03 acres lot.

Agent Description

Tucked quietly behind neighboring homes in the heart of Key West, 1016 Varela St. Rear offers privacy, flexibility and an exceptional walkable lifestyle. From this convenient location, you can easily walk to beaches, restaurants, coffee shops and the local grocery store, allowing you to enjoy the best of Key West without a car.

Originally built in the early 1920's this historic home has been thoughtfully renovated, with the most recent renovations in 2024, blending the historic character with modern updates throughout. Interior features an updated kitchen with smart appliances, new updated bathrooms and beautiful hardwood floors, creating a comfortable and move-in ready space.

Impact windows and doors provide both storm protection and excellent sound insulation. The property is accessed by a walkway that leads past neighboring homes, creating a quiet and private setting, that feels tucked away from the street while still being close to everything Old Town has to offer.

A welcoming front porch provides a peaceful place to relax, while the backyard offers space for a future pool, storage and lots of warm Key West sunshine. A separate second-Floor apartment mother in law Suite provides additional flexibility, ideal for visiting family, adult children or potential rental income while maintaining privacy between living spaces.

The apartment can be accessed by a second property entrance via Watson Lane ideal if using as a rental. For those that qualify, this property offers an assumable VA mortgage at very competitive rates. 1016 Varela St. Rear offers that rare combination of historic charm, modern updates and a location that truly captures the convenience of Old Town living.

Key Features

  • Built in 1924
  • 0.03 acre lot
  • 2 stories

Property Details

2 stories
3 full
#Rear
1924

Amenities

ViewA/C

Monthly Cost Estimate

$6,338/mo

20% down · 6.5% · 30 years

Principal$857
Interest$5,135
Insurance$346

Estimates only. Actual payments may vary.

Location

1016 Varela Street

Key West, FL 33040

Old Town - Unrecord (1.0)

Features & Amenities

Interior Features

Fire SprinklerQuartz Countertops

Property Details

Flooring

Wood

Construction

CBS Frame

Views

Water

Pool Features

DeckPorch

Cooling

Ductless

Appliances

WasherDryerDishwasherRefrigeratorOvenMicrowaveStainless Steel Appliance(s)

Questions & Answers

This 3-bedroom, 3-bathroom single family at 1016 Varela Street is listed at $1,185,000 ($907/sqft). The estimated monthly payment is $5,135 based on 20% down at 6.5% interest.

Key features include: Built in 1924, 0.03 acre lot, 2 stories. Interior Features: Fire Sprinkler, Quartz Countertops.

This property is listed by Suzanne M Moore and can be reached at 3057970699 or suzanne@suzannemoore.com.

SM

Suzanne M Moore

Agent at Suzanne Moore Real Estate

(305) 797-0699

Listed by Suzanne Moore Real Estate · View on Broker Site

MLS# 619952· Source: listhub· Updated 14 days ago

Copyright © 2026 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1016 Varela Street, Key West, FL 33040

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