For sale Residential

Listed Oct 1, 2026

$1,169,000 Est. $7,732/mo

927 Thomas Street 1

  • 2

    Beds

  • 3

    Baths

  • 1,124

    Sq ft

The story

Your Old Town Key West dream can start now -- with income built in. This exceptional 2-bedroom, 2.5-bath, townhouse-style condo offers a rare combination of Old Town lifestyle, flexible living space, and income-producing potential.Currently configured with a lock-off 1-bedroom apartment, the property offers an ideal opportunity for the future Key West homeowner: enjoy the larger 1 Bedroom, 1.5 Bath unit with private garden/patio as your own Key West retreat while the lock-off apartment provides substantial annual rental income. When the time comes to make Key West your full-time home, the property can be easily converted back to its original spacious 2-bedroom townhouse-style layout.A private gated entry opens to your own generous outdoor oasis, complete with a waterfall pond, large patio, and charming ''she-shed'' -- perfect for storage, an art studio, or entertaining. Inside, you'll find high ceilings, abundant natural light, generous storage, in-unit washer/dryers, and newer stainless-steel appliances.Just two blocks from Duval Street in the heart of Old Town's vibrant Bahama Village, you're surrounded by restaurants, galleries, shops, nightlife, and countless Key West attractions -- all within easy walking distance.Whether you're ready for a Key West home now or envision making the island your full-time home in the future, this is a rare opportunity to own your piece of Old Town, enjoy income along the way, and ultimately create the spacious Key West home you've been dreaming of.Some seller financing considered. Seller is a Florida Licensed Realtor.Photos 10-17 show Original Layout, 18=FloorPlan, 19-37 show Back Unit, 38-49 show Front Lock-Off Apt.

Facts & features

Home type

Residential

Year built

1908

Price per sq ft

$1,040

Mortgage calculator

Estimated monthly payment

$7,732 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $6,222
  • Property tax $1,169
  • Insurance $341

Includes principal, interest, taxes & insurance.

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Listing Broker

Realty Executives Florida Keys Old Town

Broker Name

Realty Executives Florida Keys Old Town

Agent

Michelle Blades