723 Eaton Street, KEY WEST, FL 33040
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Priced at Only: $7,500,000
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Address: 723 Eaton Street, KEY WEST, FL 33040
Property Location and Similar Properties
- MLS#: 615943 ( Multi-Family )
- Street Address: 723 Eaton Street
- Viewed: 6
- Price: $7,500,000
- Price sqft: $2,500
- Waterfront: No
- Waterfront Type: None
- Year Built: 1933
- Bldg sqft: 3000
- Bedrooms: 7
- Total Baths: 9
- Full Baths: 7
- 1/2 Baths: 2
- Days On Market: 146
- Additional Information
- Geolocation: 24.5591 / -81.8005
- County: MONROE
- City: KEY WEST
- Zipcode: 33040
- Subdivision: Old Town Unrecord (1.0)
- Provided by: Preferred Properties (KW)
- Contact: Kirksten C Irick
- (305) 294-3040

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DescriptionPrivate Compound on Eaton and Peacon Lane | Old Town Key WestAn extraordinary property in the heart of Old Town, this rare compound is a masterclass in island living. Spanning from Eaton Street to Peacon Lane, the property includes four beautifully reimagined residences set behind lush, professionally designed tropical landscaping with gated entrances on both sides. Located just steps from the Historic Seaport and near Fausto's Grocery, this prime location lies within Key West's oldest and most storied neighborhood.At the center of the compound is a grand yet welcoming main residence brand new construction featuring three bedrooms, three and a half baths, soaring ceilings, tall doors and windows, and a seamless flow between indoor and outdoor spaces. French doors lead to a serene courtyard with a stunning pool and water feature, creating the perfect backdrop for elegant entertaining or peaceful retreat.Three additional residences offer versatility and privacy, including two one bedroom, one bath apartments, each with private outdoor space, plus a lovely two bedroom, two and a half bath, top floor, pied a terre. All have been fully renovated and include private laundry. The Peacon Lane apartment and the main home are currently operated as high performing monthly vacation rentals, making this an attractive investment opportunity as well.Additional features include five off street parking spaces, including two designated for golf carts, a commercial grade fire suppression system throughout, and secure basement storage. Every inch of this property reflects care, craftsmanship, and a deep respect for Key West's architectural heritage with none of the headaches of renovation left to do.Whether you're seeking a luxurious personal retreat, a flexible multi residence compound, or a legacy investment in one of Key West's most desirable neighborhoods, this is truly a once in a generation opportunity.
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Building and Construction
- Absolute Longitude: 81.800547
- Construction: Frame
- Exterior Features: Detached Guest Qtrs, Water Display, Sprinkler System, Lighting, Rain Gutters
- Floor: Tile, Wood
- Porchbalcony: Open Porch/Balcony, Deck, Patio
- Roof: Metal Roof
- Sqft Source: LA Measured
- Total Number Of Units: 4.00
Property Information
- Property Group Id: 19990816212109142258000000
Garage and Parking
- Vehicle Storage: Off Street Parking
Eco-Communities
- Off Shore Island: No
- Pool Info: In Ground, Decked, Concrete
- Water View: No Waterview
Utilities
- Cooling: Central Air, Ductless, Ceiling Fans(s)
- Handicap Access: No
- Kw Neighborhood: Old Town-S of Truman
- Pets: Pets Allowed
- Pub Sewer Hkup: Yes
- Utilities: FKAA, Elect Separate Meter, Water Separate Meter
- Windowsdoors: French Doors, Impact Rstnce Window, Impact Rstnce Doors
Finance and Tax Information
- Association Info Association Fee: 0.00
- Fee Includes: None
- Tax Year: 2024
Rental Information
- Min Rental Days: 28.00
- Rentals Allowed: With Restrictions
Other Features
- Alternate Key Num: 1003531
- Appliances: Stainless Steel Appliance(s)
- As Is Rght To Inspct: Yes
- Association Info 1st Right Of Refusal: No
- Association Info Mandatory Home Owners Asc: No
- Deed Restrictions: No
- Dockage: None
- Flood Zone: 0.2 PCT ANNUAL CHANC
- Furnished: Negotiable
- Legal Description: KW PT LOT 1 SQR 22 G7-17 OR108-426/29 OR617-318 OR750-591 OR897-1066/67 OR903-1434/35 OR928-436/39 OR928-440/43 OR1095-2
- Limitd Reprsntation: No
- Mile Marker: 1.00
- Parcel Num: 00003400-000000
- Side: Median
- Species List: No
- Style: Multi-Units
- Zoning: MDR-1 - Medium Desnity Residential
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- Richard Rovinsky, REALTOR ®
- Tropic Shores Realty
- Mobile: 843.870.0037
- Office: 352.515.0726
- rovinskyrichard@yahoo.com




















































