$1,950,000
 $10,468 est/mo Sourced by Back At You

1503 Johnson Street,KEY WEST, FL 33040

KEY WEST, FL 33040

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Description

Welcome to 1503 Johnson Street, a turnkey luxury retreat in the heart of Key West's coveted Midtown neighborhood, just four blocks from the Atlantic Ocean. Set behind a fully fenced corner lot draped in mature tropical landscaping, this exceptional three-bedroom, three-bathroom residence delivers the privacy, polish, and income potential that today's discerning buyer demands. Inside, soaring vaulted ceilings, French doors, and a thoughtfully designed split floor plan create an effortless flow between spaces. The fully reimagined kitchen features quartz countertops, a coordinated backsplash, and professional Café appliances. Custom closets and whole-home remote-controlled electric blinds reflect a level of finish that sets this property apart. Outside, the wraparound patio and heated-and-chilled pool with water feature create the resort atmosphere guests pay a premium for -- as evidenced by documented monthly rental income of $16,000 to $25,000. Mature palms, curated tropical plantings, and luxury outdoor furnishings are all included. Every practical box is checked: whole-house generator, new roof, dedicated private parking with trailer space, two exterior storage units, and an additional shed with freezer. Nothing has been overlooked. Offered fully turnkey and priced to sell, this is a rare opportunity to acquire a fully improved, income-producing Key West property with everything already in place.

Details

MLS #618284
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1958
Days On Site213
Listing Provided ByColdwell Banker Schmitt Real Estate Co. (KW) | Leslie Howard

Features

Bed(s)3
Bath(s) 3 Total
SQ Feet1,690
PoolYes
Units1
ZoningSF - Single Family
Acreage0.12
Water FrontNone
Property ViewNo Waterview

Taxes

Property10661

Area Information

StateFL
CountyMonroe
CityKEY WEST
Zip Code33040
Area03 Key West
Community NameNew Town Unlisted (2.0)
Listing VS Median (in New Town Unlisted (2.0))
Price:
$1,950,000
low | high
Med:
$999,995
98.718205128205% of Average
sqft:
1,690
low | high
Med:
838
100% of Average
$ / sqft:
$1,154
low | high
Med:
$1,193
46.579673826571% of Average
On site:
213
low | high
Med:
79
100% 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
Area03 Key West
Community NameNew Town Unlisted (2.0)
Listing VS Median (in New Town Unlisted (2.0))
Price:
$1,950,000
low | high
Med:
$999,995
98.718205128205% of Average
sqft:
1,690
low | high
Med:
838
100% of Average
$ / sqft:
$1,154
low | high
Med:
$1,193
46.579673826571% of Average
On site:
213
low | high
Med:
79
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.462M - $2.437M
sqft: 1,000 - 2,000
Nearby Listings Property ImageNearby Listings Details
1505 Johnson Street Property Photo 1
$1,499,000
1505 Johnson Street
Key West, FL 33040
1501 Florida Street Property Photo 1
$2,595,000
1501 Florida Street
Key West, FL 33040
Listing Updated: June 28, 2026 at 12:28:11 AM PDT