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Anchor Line Realty

Anchor Line Realty specializes in buyer brokerage, real estate sales listings, and long term property management in Key West & the Florida Keys.

Call: (305) 766-6835

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$3,750,000
517 Elizabeth Street
Key West, FL 33040
MLS# 616104
Status: Closed
4 beds  |  4 baths  |  2173 sqft


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Property Description
Welcome to 517 Elizabeth Street, located in one of the most prestigious neighborhoods on the island, and in the heart of Old Town Key West. This 4 bedroom, 4 bathroom home offers the perfect combination of Key West charm and tropical living. Just two blocks from the famous Duval Street, and three blocks from Historic Seaport, this home is in prime walking distance to endless opportunities. The first floor consists of a mixed-use office space accompanied by an expansive master bedroom equipped with a spacious walk-in closet and a newly renovated en suite, double vanity bathroom. The beautiful kitchen flows into an open floor plan with an additional ½ bath, living room, and dining room. Multiple sets of sliding glass doors lead out to an outdoor living area and pool complete with a waterfall. Completely redesigned by Craig Reynolds, the backyard lends a quiet escape with lush foliage providing 360° of privacy, and a secluded outdoor shower for rinsing off the salty Key West air. The second floor boasts 3 bedrooms, 1 ½ baths, and a large street- facing balcony, making it perfect to host family and friends. Other notable features: Off-street parking, large enough to fit both a car and golf cart. This home is located in X flood zone. Call for your private showing today!

Details
Maps
Contract Information
Current Price: $3,750,000
Listing Date: 2025-08-10
Listing Board: Key West Association
Leased Price Monthly: $3,750,000
Location, Tax & Legal
Street #: 517
Street Name: Elizabeth
Street Suffix: Street
Key/Island: Key West
State/Province: FL
Zip Code: 33040
County: Monroe
Subdivision: Old Town - Unlisted (1.0)
Area: 02 - Key West
General Property Description
Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: No
Pool: Yes
Year Built: 1953
Lot SqFt: 5254
Lot Sqft Source: Property Data Card
Acres: 0.12
Living Apx SqFt: 2173
SqFt Source: Property Data Card
Total Bedrooms: 4
Full Baths: 2
Half Baths: 2
Total Baths: 4
Rentals Allowed: With Restrictions
Min Rental Days: 28
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
Transient Rntl Licns: No
Building Style
Above Flood: Yes
# Stories: 2 Stories
Pool Info
Heated: Yes
Status Change Info
Under Contract Date: 2025-09-05
Leased Date: 2025-10-20
Leased Price Monthly: $3,750,000
Status: Closed
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Property Condition: Updated/Remodeled
Building Style: A-Frame
Vehicle Storage: Off Street Parking
Furnished: Negotiable
Cooling: Ceiling Fans(s); Central Air
Heating: Central
Utilities: Buyer to Verify; FKAA; Municipal Sewer
Interior Features: Built-in Cabinets; Dade County Pine; Fire Sprinkler; Pantry; Smoke Alarms; Storage; Walk-in Closet(s)
Specialty Rooms: Laundry Room
Appliances: Dishwasher; Disposal; Dryer; Freezer; Microwave; Oven; Refrigerator; Washer
Exterior Features: Fencing; Outdoor Shower; Privacy Wall/Fence; Water Display
Pool Info: In Ground; Salt Water; Concrete
Construction: Frame
Shutters: Panel
Floor: Combo; Tile; Vinyl; Wood
Roof: Metal Roof
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; FHA; VA
Title: Negotiable

Listing Office: Expert Realty LLC (HQ)

Last Updated: October - 20 - 2025

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.


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David Austin, Owner/Broker
Anchor Line Realty, LLC
820 Ashe Street
Key West, FL 33040
www.anchorlinerealty.com
[email protected]
305.766.6835
Member, National Association of Realtors (NAR)
Member, Florida Association of Realtors (FAR)
Member, Key West Association of Realtors (KWAR)