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738 Olivia Street, 
Key West, FL 33040

$1,235,000


1

Bed


2

Baths


767

Sq Ft


Single Family

Active

Listed by

Team Kaufelt

Truman & Co. (Kw)

Last updated:

November 8, 2026, 04:20 PM

MLS#

621972

Source:

FL FKBOR

About This Home

738 Olivia Street

SAY HELLO TO THE KEY LIME COTTAGE. A slice of Key West, with more room than you'd expect. With lime-green siding, white trim, and a blue front door, 738 Olivia Street has a personality that carries beyond the curb. Set in the X flood zone in Old Town, this historic Conch cottage pairs classic character with two bonus spaces and indoor-outdoor living. Framed by palms, a proper Key West front porch invites coffee, conversation, and watching the world go by. You may leave later than intended. Inside, cathedral ceilings give the living space height and presence. The kitchen features quartz countertops, custom wood cabinetry, and stainless steel appliances. Impact windows and doors and mini-split cooling add comfort. Listed as one bedroom, the cottage lives well beyond its bedroom count, with a ladder-accessed sleeping loft and detached cabana providing two distinct bonus spaces. French doors open to a large covered lanai for al fresco dining or an afternoon with nowhere else to be. Living flows into the lush tropical courtyard, making the outdoors another room of the house. The cabana offers bonus space for a studio, workspace, or potential sleeping retreat, with an outdoor shower, half bath, and refrigerator nearby. For investors, the main bedroom and two bonus spaces offer potential for three separate sleeping areas, broadening rental appeal. A broad, rarely used private landscaped driveway beside the home and an expansive tropical private parking lot behind it create unusual separation. In Old Town, where cottages often stand just feet apart, this breathing room is a quiet luxury. Parking accommodates a large vehicle and potentially a moped or small golf cart in front or behind it. Duval Street is three blocks away, with Fort Zachary Taylor State Park, Higgs and Smathers beaches, restaurants, and grocery stores within biking distance. Enough nearby to fill the day. A very good porch if you decide otherwise.

Home Facts

Single Family

2 Baths

1 Bedroom

Built in 1933

Subdivision & Development:

Carletons Compound (1.0)

Price Summary

1,235,000

$1,610 per Sq. Ft.

MLS #:

621972

Last Updated:

November 8, 2026, 04:20 PM

Added:

3 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

1

Bathrooms

Total Bathrooms:

2


Structure

Structure

Building Area:

767 Sq. Ft.

Year Built:

1933


Lot

Lot Size (Sq. Ft):

2,191


Finances & Disclosures

Finances

Price:

$1,235,000

Price per Sq. Ft:

$1,610 per Sq. Ft.

Source:FL FKBOR
The information being provided by Florida Keys Board Of REALTORS®, Inc. is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Florida Keys Board Of REALTORS®, Inc. All rights reserved. FL FKBOR Member Broker: Brian Schmitt

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.