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3707 Paula Ave, Key West, FL 33040

$930,000
: 3
BD
: 3
BA
: 1,552
SqFt

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Sold Price: $930,000
List Price: $950,000
Closing Date: Mar 13, 2026
MLS#: 617985
Status: CLOSED
Island: Key West
County: Monroe
City: Key West
Area: Key West
Subdivision: Pearlman Est (4.0)
Neighborhood: New Town
Bedrooms: 3
Bathrooms: 3
Living Area: 1,552
Acres: 0.13
Year Built: 1963
Days on Market: 64

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Property Description

Opportunities like this don't come around often. Discover the perfect blend of an income-producing legal duplex and the privacy of a beautifully renovated primary home in New Town, Key West. The primary home offers 2 bedrooms and 2 baths, featuring many upscale touches throughout, including a gorgeous, renovated gourmet kitchen ideal for entertaining or everyday living. The very spacious primary suite includes a luxurious ensuite bath and opens directly to a private backyard oasis, completely separate from the rental unit. The detached 1-bedroom, 1-bathroom cottage has a full kitchen and a washer and dryer. It also features its own outdoor living spaces. The cottage provides excellent income potential or a comfortable space for guests and family. Enjoy quiet island living while generating additional income—3707 Paula Ave truly delivers the best of both worlds.

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Additional Information

Taxes: $7,595
Furnished: Unfurnished
Appliances: Washer, Dryer, Dishwasher, Refrigerator, Oven, Microwave, Stainless Steel Appliance(s)
Exterior Features: Outdoor Shower, Storage
Roof: Metal
Property Condition: Updated/Remodeled
Zoning: SF - Single Family
Terms: Cash, Conventional