510 Margaret St, Key West, FL 33040

$2,850,000
4
BD
4
BA
1,968
SqFt

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Sold Price
$2,850,000
List Price
$2,999,000
Closing Date
Apr 17, 2026
MLS#
617723
Status
CLOSED
Island
Key West
County
Monroe
City
Key West
Area
Key West
Subdivision
Old Town - Unlisted (1.0)
Neighborhood
Old Town-N of Truman
Bedrooms
4
Bathrooms
4
Living Area
1,968
Year Built
1938
Days on Market
122

Property Description

510 Margaret Street and 3 Scheppens Lane deliver an unparalleled island retreat. Ideally positioned on one of the most coveted streets in the heart of Old Town, this light-filled 4BD/4BA compound offers both comfort and privacy. The beautifully updated 3BD/3BA main residence features restored Dade County Pine walls, striking hardwood floors, Verde granite countertops, Thermador stainless appliances including a large wine cooler, and a stunning vaulted great room. The detached 1BD/1BA guest cottage offers its own full bath, fully equipped kitchen, living room. It can be accessed from its own private lane- ideal for hosting family and friends. Just off the cottage is a private off-street space to accommodate a golf cart. Both homes are designed with entertaining in mind- with bright, open living areas that flow seamlessly to the private backyard oasis, and easy access to a large built-in wine cooler. Outside, a serene pool complete with a stacked-stone waterfall provides the perfect sanctuary for relaxing or entertaining in true Key West style. Don't miss the chance to see this exceptional Old Town property that showcases meticulous renovation, high-end finishes, and historic charm.

Additional Information

Taxes
$16,302
Interior Features
Custom Cabinets, Granite Counters
Furnished
Unfurnished
Appliances
Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Freezer, Some Gas Appliances, Wine Cooler, Stainless Steel Appliance(s)
Exterior Features
Fence, Guest Quarters, Lighting, Outdoor Shower, Privacy Wall, Water Feature
Roof
Metal
Pool
Yes
Property Condition
Updated/Remodeled
Zoning
HHDR - Historic High Density Residential
Terms
Cash, Conventional

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Listing Courtesy Of Brenda Donnelly Real Estate LLC, Contact:

Selling Office: .