506 Frances Street , FL - KEY WEST
6 Beds, 4 Baths (full), Multi-Units
Nestled on one of the most coveted blocks in Key West, this exceptional property in the Historic District is brimming with character and untapped potential. Currently configured as four distinct apartments - (A) 2BR/1BA, (B) 2BR/2BA, (C) Studio/1BA, and (D) 1BR/1BA - totaling 2,671 sq. ft., each unit features its own private outdoor space, a well-appointed kitchen, ample storage, and high ceilings that enhance the homes historic charm. Steeped in history, the home showcases classic Dade County pine walls, intricate crown molding, original spindles, and timeless Key West architecture. While not currently producing as a high-income property due to its setup for professional housing, it presents an incredible investment opportunity with the right vision. Whether reimagined as a high-yield rental, transformed into a grand single-family residence, or curated as a private compound, the possibilities are endless. With top-rated restaurants, vibrant amenities, and beaches just a stroll or bike ride away, this address delivers the quintessential Key West lifestyle - where history, elegance, and opportunity intersect. Seize this moment. The best of Key West awaits.
Listing Summary for 506 Frances Street
Price:
$2,300,000
Bedrooms:
6
Bathrooms:
4
Half Baths:
n/a
Square Footage:
2,671
Lot Sq. Ft.:
n/a
Year Built:
1892
Property Type:
Residential - Single Family
Sub-Type:
Multi-Units
MLS® #:
614330
Status:
Active
Address:
506 Frances Street
City:
Key West
State:
FL
Zip:
33040
County:
Monroe
Key:
Key West
Side of Island:
Median
Community:
Old Town Unrecord
Mile Marker:
1.00
Tax Year:
2024
Date Listed:
03-25-2025
Additional Information
Is Waterfront:
No
Waterfront Type:
None
View
No Waterview
Has Pool:
No
Pool Info:
n/a
Short Sale:
n/a
Foreclosure:
n/a
Pets:
Pets Allowed
Docakge Type:
None
Dockage Length:
n/a
Dockage Seawall:
n/a
Dockage Construction:
n/a
Security:
n/a
Building Construction:
Frame
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The information being provided by the Florida Keys MLS is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. The MLS data provided for the property above (614330) is provided courtesy of (Truman & Co. (KW)). Data last updated on 04-23-2025.
