About 506 Frances Street
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 home's 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.
Features of 506 Frances Street
| MLS® # | 614330 |
|---|---|
| Price | $2,300,000 |
| Bedrooms | 6 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 2,671 |
| Year Built | 1892 |
| Type | Residential |
| Sub-Type | Multi-Units |
| Status | Active |
Community Information
| Address | 506 Frances Street |
|---|---|
| Area | 01 - Key West |
| Subdivision | Old Town - Unrecord (1.0) |
| City | KEY WEST |
| County | Monroe |
| State | FL |
| Zip Code | 33040 |
Amenities
| Utilities | FKAA, Water Separate Meter, Cable Available, Elect Separate Meter, Buyer to Verify, Municipal Sewer |
|---|---|
| View | No Waterview |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior
| Interior Features | Pantry, Dade County Pine, Storage |
|---|---|
| Appliances | Washer, Oven, Refrigerator, Dishwasher, Dryer |
| Cooling | Wall/Window Unit(s), Ductless, Ceiling Fans(s) |
| Fireplace | No |
Exterior
| Exterior Features | Shed |
|---|---|
| Lot Description | Less Than 1/4 Acre |
| Roof | Metal Roof |
| Construction | Frame |
Additional Information
| Date Listed | March 25th, 2025 |
|---|---|
| Days on Market | 109 |
| Zoning | HHDR - Historic High Density Residential |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Agent | Team Kaufelt |
|---|---|
| Office | Truman & Co. (KW) |