New Listing
$6,450,000
 $34,625 est/mo Sourced by Back At You

723 Eaton Street,KEY WEST, FL 33040

KEY WEST, FL 33040

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Description

A rare opportunity in the heart of Old Town Key West's coveted Seaport neighborhood, this exceptional multi-residence property combines the charm and architectural character of historic Key West with the comfort, quality and convenience of newly constructed living. Thoughtfully designed to retain the home's traditional aesthetic, the property offers remarkable flexibility as a private compound, multigenerational residence or sophisticated investment property, with beautifully finished interiors, resort-style outdoor spaces and exceptional parking for the neighborhood. The main residence is a legal triplex, with each home offering its own privacy and character and 3 off street parking spaces. At the front of the property, a charming 1-bedroom, 1-bath residence occupies the first floor and opens to a generous covered porch and private yard. A separate side entrance leads to a distinctive three-story, 2-bedroom, 2.5-bath residence with its own side porch and upper levels overlooking the front of the property. Occupying the rear portion of the main house is the largest residence, a spacious 3-bedroom, 3.5-bath home arranged entirely on the main living level. Beautifully finished interiors open to a lush tropical retreat with a private pool, fountains, expansive patios, outdoor dining and multiple lounging areas. An unfinished basement offers exceptional potential for a wine cellar, tasting room or collection space. A landscaped walkway leads to a separate 1-bedroom, 1-bath cottage fronting Peacon Lane, with a private rear deck, outdoor dining area and two-car off-street parking. Importantly, the Peacon Lane residence sits on its own separate legal parcel, providing the rare flexibility for it to be owned or sold independently from the main property should a future owner ever choose to do so. Just beyond the gates, the waterfront, restaurants, galleries, shops and historic sites are all within an easy walk in one of Old Town Key West's most desirable neighborhoods.

Details

MLS #621458
Listing TypeFor Sale
StyleDuplex
Sub-TypeResale
StatusActive
Year1933
Days On Site4
Listing Provided ByTruman & Co. (KW) | Jennifer M Newman

Features

Bed(s)7
Bath(s) 9 Total
SQ Feet3,739
PoolYes
Units4
ZoningHMDR - Historic Medium Density R
Acreage0.19
Water FrontNone
Property ViewNo Waterview

Taxes

Property24724

Area Information

StateFL
CountyMonroe
CityKEY WEST
Zip Code33040
Area01 Key West
Community NameOld Town Unrecord (1.0)
Listing VS Median (in Old Town Unrecord (1.0))
Price:
$6,450,000
low | high
Med:
$1,850,000
100% of Average
sqft:
3,739
low | high
Med:
2,175
91.842738700187% of Average
$ / sqft:
$1,725
low | high
Med:
$885
98.679547172234% of Average
On site:
4
low | high
Med:
56.5
7.079646017699% 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 NameOld Town Unrecord (1.0)
Listing VS Median (in Old Town Unrecord (1.0))
Price:
$6,450,000
low | high
Med:
$1,850,000
100% of Average
sqft:
3,739
low | high
Med:
2,175
91.842738700187% of Average
$ / sqft:
$1,725
low | high
Med:
$885
98.679547172234% of Average
On site:
4
low | high
Med:
56.5
7.079646017699% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $4.837M - $8.62M
sqft: 2,500 - 4,500
Listing Updated: October 1, 2026 at 12:11:47 PM PDT