An Exceptional Historic Property in Key West's Coveted Old Town
A gorgeous Old Town retreat in the heart of Key West’s Seaport neighborhood, this gated property includes a high-end triplex plus a stand-alone cottage on Peacon Lane, connected by a meandering walkway. Four distinct residences surround a lush tropical courtyard and pool, offering exceptional privacy and flexibility for family, guests or rental income. With five off-street parking spaces and a location within walking distance of the Historic Seaport, Fausto’s, Duval Street, restaurants, shops and galleries, this is a truly unique Old Town property.
305-923-1744
723 Eaton Street
Historic Old Town Property| Offered at $6,450,000
This distinguished property presents a sophisticated investment opportunity in Key West's most coveted address. The compound comprises four beautifully appointed residences. 8421 sq. ft. lot size, total of 3739 sq. ft. of living space and a total of 7 bedrooms, 7 full baths and 2 half baths.
Four Separate Residences
Main home: 3BR/3.5BA plus two self-contained apartments, one with 1BR/1BA and the other with 2BR/ 2.5BA. There is also a stand alone cottage on Peacon Lane with 1BR/1BA and it connects to the rest of the property through walkways.
Gated Off-Street Parking, 5+ Cars
Exceptionally rare amenity in Historic Old Town, adding tremendous value and convenience
X-Flood Zone
No special flood insurance burden, providing peace of mind and enhanced asset stability
The Main Residence (Owners): Refined Island Living
The principal home showcases impeccable design with soaring ceilings and premium impact windows throughout. The heart of the residence flows seamlessly to a heated pool surrounded by tropical landscaping and a sophisticated water feature, creating an intimate oasis in the center of Old Town's vibrant energy.
Three bedrooms and three-and-a-half bathrooms provide generous accommodation, while the thoughtful layout balances elegant entertaining spaces with private retreats. Every detail reflects the quality and character discerning buyers expect from a premier Key West estate.
Main Home Features
- 3 bedrooms, 3½ bathrooms
- Soaring ceiling heights
- Impact-rated windows
- Heated swimming pool
- Integrated water feature
- Premium finishes throughout
Additional Residences
Beyond the main residence, two fully independent apartments offer exceptional versatility. One charming one-bedroom, one-bathroom cottage provides year round stable income or attractive guest quarters with a private front year and deep porch, while a spacious two-bedroom, two-and-a-half bathroom residence features a private deck overlooking the pool, perfect for sunset entertaining. On Peacon Lane, you will find a stand alone cottage with it's own parking. It offers a private deck, one bedroom and one bath and connects to the rest of the estate by a meandering pathway.
The Heart of Historic Old Town
Situated within Key West's original Old Town footprint, this site occupies one of the island's most historically significant neighborhoods. The location places you within the earliest seaport activity zone, where maritime heritage meets contemporary island sophistication.
Stroll to waterfront dining establishments, live music venues, sailing charters, and boutique shopping while enjoying the privacy that lush landscaping and dual-street access provide. This is Old Town living at its finest—intimate, exclusive, and authentically Key West.
Investment Excellence: Multiple Income Streams
Independent Units
Fully self-contained residences with separate utilities, entrances, and rental potential
Strategic Pricing
Positioned above median market while offering exceptional value for compound properties
Occupancy Potential
All units equipped and ready for immediate rental or family occupancy
The four self-contained homes create unprecedented flexibility for extended family. The X-Flood Zone designation and off-street parking significantly enhance the property.
Why This Property Commands Premium Positioning
Legacy Potential
Perfect for investors seeking a Key West anchor property that accommodates extended family while generating income from unused units
Schedule Your Private Presentation
Listed by Corky Irick | 305-923-1744
Preferred Properties Key West | PreferredPropertiesKeyWest.com
This distinguished spacious triplex awaits the buyer who recognizes exceptional value and property versatility align perfectly. Schedule your private presentation to experience first hand why 723 Eaton Street and 329 Peacon Lae represents one of Key West's most compelling opportunities.
Your Key West Legacy Awaits
Experience the Extraordinary
Properties of this caliber rarely become available in Historic Old Town. The combination of three residences, exceptional location, and investment-grade features creates an opportunity that transcends typical real estate transactions.
Whether you're seeking a sophisticated investment vehicle, or a legacy property that appreciates while generating income, 723 Eaton Street delivers on every dimension.
Schedule Your Private Tour
Contact Corky Irick at 305-923-1744 to arrange an exclusive presentation of the property
Review Investment Analysis
Receive detailed financial projections and market comparables demonstrating value
Craft Your Offer
Work with our team to structure a transaction that aligns with your objectives
Begin Your Key West Chapter
Close with confidence and start enjoying your Historic Old Town compound
Corky Irick
Luxury Real Estate Specialist
305-923-1744
Preferred Properties Key West
With deep expertise in Key West's luxury market and Historic Old Town properties, Corky brings unparalleled knowledge to every transaction. His commitment to discretion, market intelligence, and client service has made him a trusted advisor for buyers seeking Key West's finest properties.
723 Eaton Street & 329 Peacon Lane