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723 Eaton Street
Key West FL 33040 US

$7,500,000

Active Listing ID 615943
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7 bed
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9.00 Bath (7 Full , 2 Half)
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Lot: 0.19 Acres
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Single Family Residence

$7,500,000

Active Listing ID 615943
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723 Eaton Street Private 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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Property Features

  • Facts
  • Lot Size: 0.19 Acres
  • Property Type: Residential
  • Property Sub-type: Single Family Residence
  • Features
  • Full Bathrooms: 7
  • 1/2 Bathrooms: 2
  • Cooling System: Ceiling Fan(s)
  • Exterior Finish: Detached Guest Qtrs, Water Display, Sprinkler System, Lighting, Rain Gutters
  • Floor Covering: Tile, Wood
  • Roof Type: Metal

Property

  • propertytype: Residential
  • propertysubtype: Single Family Residence
  • listprice: 7500000
  • unparsedaddress: 723 Eaton Street
  • postalcity: Key West
  • stateorprovince: FL
  • country: US
  • postalcode: 33040
  • bathroomsfull: 7
  • bathroomshalf: 2
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.19
  • lotsizeunits: Acres
  • lotsizearea: 0.19
  • livingarea: 3000
  • livingareaunits: Square Feet
  • latitude: 24.559132
  • longitude: -81.800547
  • listagentfullname: Kirksten C Irick
  • listagentemail: kirkirick@gmail.com
  • listagentkey: 3yd-KWARFL-20080326131056170839000000
  • listagentmlsid: 20080326131056170839000000
  • listagentpreferredphone: 3059231744
  • listagentofficephone: 3052943040
  • listofficekey: 3yd-KWARFL-20070803221403061445000000
  • listagentstatelicense: 697725
  • listofficemlsid: 20070803221403061445000000
  • disclaimer: Copyright © 2025 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.
  • sourcesystemid: KWARFL
  • yearbuilt: 1933
  • listagenturl: http://www.preferredpropertieskeywest.com/
  • countyorparish: Monroe
  • parcelnumber: 00003400-000000
  • cooling: Ceiling Fan(s)
  • constructionmaterials: Frame
  • flooring: Tile, Wood
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Metal
  • view: Water
  • waterfrontyn: False
  • exteriorfeatures: Detached Guest Qtrs, Water Display, Sprinkler System, Lighting, Rain Gutters
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -81.800545, 24.559132
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Preferred Properties Coastal Realty, Inc.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"kirkirick@gmail.com", "ListBrokerageCity":"Key West", "ListBrokerageCountry":"US", "ListBrokerageEmail":"mcchesneykeywest@gmail.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Preferred Properties Coastal Realty, Inc.", "ListBrokeragePhone":"(305) 294-3040", "ListBrokeragePostalCode":"33040", "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"520 Southard Street", "ListBrokerageWebsiteUrl":"http://www.preferredpropertieskeywest.com/", "ListOfficeAddress1":"520 Southard Street", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"20080326130928572380000000", "ListOfficeCity":"Key West", "ListOfficeCountry":"US", "ListOfficeEmail":"info@preferredpropertieskeywest.com", "ListOfficePostalCode":"33040", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential - Single Family - Key West, FL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/723-Eaton-St_Key-West_FL_33040_M65643-11768?f=listhub&s=KWARFL&m=615943&c=rexren", "MLSModificationTimestamp":"2025-10-06T14:47:00Z", "Neighborhoods":[{"Description":null, "Name":"01 - Key West"}], "PostalCode":null, "RawPropertySubType":"Residential - Single Family", "RawPropertyType":"Residential", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":23434.85, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/6/2025 10:05:14 PM GMT
Source Updated Date: 12/7/2025 6:57:29 AM GMT

Courtesy of: Kirksten C Irick, Preferred Properties (KW), kirkirick@gmail.com

Copyright © 2025 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.