Property
$1,495,0000.11 Acres1 bed • 1 bath • 684 sq ft
For Sale
For Sale
$1,495,0000.11 Acres
For Sale
1 bed • 1 bath • 684 sq ft

708 Bakers Lane, Key West, FL 33040 - Monroe County

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Property ID 25981131

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Residential - Single Family - Key West, FL

Description

Positioned on a rare 5000 Sq Ft. lot at one of the highest natural elevations on the Island, this property represents an exceptional opportunity in the heart of Old Town Key West - where location is everything. Set beneath a canopy of established trees, the site offers shade, privacy and a sense of timeless Old Town Character that is increasingly hard to find. Currently improved with a livable one-bedroom, one bath residence, the true value lies in the land itself. The existing structure provides flexibility - whether as a holding asset, future redevelopment or new build - allowing the next owner to capitalize on one of the most desirable settings in Key West. A full 10 out of 10 walkability Score, steps from world class dining, renowned live music cafes, galleries and the vibrant cultural fabric that defines the Island Lifestyle. A leisurely four minute walk to Duval St. underscores the property's unmatched proximity while maintaining a quieter, more refined residential feel. Opportunities of this caliber, high elevation, generous size lot, premier walkability and a blue chip location - are exceedingly rare. 708 Bakers Lane is a property for the discerning buyer who recognises that in Key West, land in the right spot is the ultimate luxury investment.

Copyright © 2026 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Environmental Factors

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Source:First Street
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Source: ListHub, MLS# 618002
Listing status: Active
Listing last updated: January 10, 2026 at 3:36 PM
Listing last checked: February 16, 2026 at 4:30 AM
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