1010 Varela St, Key West, FL 33040 Property Records

Monroe County property record for 1010 Varela St, Key West, FL 33040

Property Summary

Property Type	Quadplex
Details	6 bd · 5 ba · 3,044 sqft · built 1938
Lot Size	0.136 acres (5,939 sqft)
Owner	Company Name on File
Last Sale	$1,400,000 (Jun 2021)
Tax Bill	$13,654 (2024)
Deeds & Mortgages	Mar 2025 Mortgage Jun 2021 Sale & Line of Credit + 1 more
Flood Zone	Zone X (moderate risk)
APN	`00032590-000000`

Property Details

APN / Parcel Number

Primary APN	`00032590-000000`
Alternative APNs	`01010100032590000000` `1033359`

Interior

Bedrooms	6 Beds
Full Baths	5 Baths
Units	4 Units
Stories	2 Stories
Building Area	3,044 sqft Living Area
1st Floor Area	2,868 sqft
Flooring	Wood
Interior Walls	Wood

Exterior

Year Built	Built 1938
Effective Year Built	Effective 2018
Architectural Style	Quadruplex
Exterior Material	Wood
Construction Type	Wood
Roof Type	Gable/Hip
Roof Material	Metal
Lot Area	5,939 sqft (0.136 acres)
Lot Dimensions	99 ft deep x 54 ft wide

Exterior Amenities

Porch	Open Porch
Porch Area	242 sqft
Deck Area	300 sqft
Patio Area	300 sqft

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Forced Air with A/C
Heating Fuel	Electric

Location & Zoning

Account Number	1033359
Street Address	1010 VARELA ST
City	KEY WEST
State	FL
Zip	33040-4820
Property Category	Residential
Property Type	Residential > Multi-Unit > Quadplex
Local Zoning Code	HMDR
Legal Description	KW GWYNN SUB 0-195 LT 17 AND PT LT 18 SQR 1 AND PT TR 13 OR56-32 OR56-34 OR68-117 OR97-37 OR97-72 OR112-205 OR400-964 OR742-402 OR745-591 OR808-420 OR809-2276 OR837-1621 OR944-117 OR1417-411 OR1574-558 OR1958-2488 OR1959-27 OR1959-29 OR1959-31 OR2492
Legal Range	25E
Legal Township	68S
Legal Section	05
Legal Subdivision	W A WHITEHEADS MAP
Legal Tract	13
Legal Lot Number	17,18
Jurisdiction	MONROE FL
Township / Civil Division	KEY WEST
Census Block Group	2
Census Block	2001
Census Tract	972800

Historic Designation

Source: NPS National Register of Historic Places, as of August 1, 2026

Historic District	Within the Key West Historic District (Boundary Increase) listed 1983 · 2,494 contributing resources · NRIS 83001430

Federal listing alone does not restrict alterations; local historic district rules, which this data does not cover, may apply.

Owner

1010 Varela St, a quadplex, is owned by a company that bought it in June 2021.

Source: Monroe County records, as of April 14, 2026

Owner of Record	Company Name on File
Mailing Address	608 GRIFFIN LN, KEY WEST, FL 33040-7126
Owner Type	Company
Vesting	Limited Liability Company

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Mar 10, 2025	Deed of Trust, Mortgage · Commercial Mortgage CENTENNIAL BANK
Jun 8, 2021	Warranty Deed, Transfer · Line of Credit CENTENNIAL BANK
Nov 24, 2020	Deed of Trust, Mortgage · Conventional Mortgage TOP FLITE FINANCIAL INC

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jun 8, 2021 · Amount on File
Deed Sale	Jun 8, 2021 · Amount on File
Prior Sale	Dec 11, 2003 · Amount on File
Deed Document Number	20212323895
Deed Book / Page	3103 / 1620
Prior Transfer Date	Nov 17, 2010
Prior Transfer Doc	0025091430
Record Updated	Oct 29, 2026

March 2025: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MONROE FL
Property Address	1010 VARELA ST, KEY WEST, FL 33040-4820
Transaction Type	Mortgage
Record Updated	Dec 8, 2025

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0033150365
Date	Mar 10, 2025
Book Page	3315/365
Instrument	2492500

Lender

Name	CENTENNIAL BANK
Type	Bank
Address	KEY WEST, FL 33040

Agreement

Type	Commercial Mortgage
Amount	Amount on Record

June 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MONROE FL
Recording Date	Jun 8, 2021
Property Address	1010 VARELA ST, KEY WEST, FL 33040-4820
Document Number	0031031620
Book / Page	3103 / 1620
Map Reference	MB O PG 195
Instrument Date	Jun 4, 2021
Instrument	2323895
Transaction Type	Transfer
Record Updated	Jun 28, 2021
Title Company	ATTORNEY

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$9,800.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	804 SE 19TH ST, 804, FORT LAUDERDALE, FL 33316-3517

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1007 VARELA ST # A, A, KEY WEST, FL 33040-3309

Mortgage

Document Number	0031031629
Date	Jun 8, 2021
Book Page	3103/1629
Instrument	2323898

Lender

Name	CENTENNIAL BANK
Type	Bank
Address	KEY WEST, FL 33040

Agreement

Type	Line of Credit
Amount	Amount on Record

November 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MONROE FL
Property Address	1010 VARELA ST, KEY WEST, FL 33040-4820
Transaction Type	Mortgage
Record Updated	Feb 5, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1010 VARELA ST, KEY WEST, FL 33040-4820

Mortgage

Document Number	0030582308
Date	Nov 24, 2020
Book Page	3058/2308
Instrument	2292352

Lender

Name	TOP FLITE FINANCIAL INC
Type	Mortgage Company
Address	WILLIAMSTON, MI 48895

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	361 Months
Due	Dec 1, 2050

Tax Assessment & Valuation

Source: Monroe County assessment roll, as of December 8, 2025

Property Jurisdictions

Type	Name
State	Florida
County	Monroe County
Municipality	Key West City
Unified School District	Monroe County School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$1,475,170 Land $792,946 Building $682,224	$1,475,170 Land $792,946 Building $682,224
2024	$13,654.00 (+10.02%)
2023	$12,410.00 (+7.32%)	$1,260,988 (+6.44%) Land $603,417 Building $657,571	$1,260,988 (+6.44%) Land $603,417 Building $657,571
2022	$11,564.00	$1,184,696 Land $520,435 Building $664,261	$1,184,696 Land $520,435 Building $664,261

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 1010 Varela St in Zone X, an area of moderate flood risk, though there have been 4 flood claims nearby since 1994.

Source: FEMA National Flood Hazard Layer, effective September 24, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X moderate risk
500-Year Floodplain	Yes 0.2% annual chance
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on File median of 191 individual policies
Community Rating System	Class 5 (25% premium discount)
Nearby Flood Policies	198 units insured incl. 7 condo units
Nearby Flood Claims	4 (1994–2017)
Claims Outside the SFHA	3 of 4
Most Recent Claim	Sep 2017 · Hurricane Irma
Claims by Event	Hurricane Irma, Sep 2017 · 2 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

The area around 1010 Varela St has no burnable land within ember reach, so its wildfire risk is not rated.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Internet Providers

Source: FCC Broadband Data Collection, based on 662 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
AT&T Fiber · DSL	5,000 / 5,000
Xfinity Cable	2,000 / 250
Verizon Fixed Wireless	300 / 20

May also be available: Hotwire Communications.

Nearby Properties on Varela St

Nearby Streets

Search Property Records by Address or Parcel Number

Search by:

By searching, you agree to: Terms • Privacy • Disclosures