506 South St, Key West, FL 33040 Property Records

Monroe County property record for 506 South St, Key West, FL 33040

Property Summary

Property TypeHotel/Motel
Details4,482 sqft · built 1948
Lot Size0.32 acres (13,967 sqft)
OwnerCompany Name on File
Last Sale$64,000,000 (Aug 2013)
Tax Bill$54,900 (2022)
Flood ZoneZone AE (high risk)
APN00036320-000000

Property Details

APN / Parcel Number

Primary APN00036320-000000
Alternative APNs
  • 01010100036320000000
  • 1037168

Interior

Stories2 Stories
Building Area4,482 sqft Total Area
Gross Area8,760 sqft
1st Floor Area8,760 sqft

Exterior

Year BuiltBuilt 1948
Effective Year BuiltEffective 1998
Exterior MaterialOther
Fire ResistanceFireproof Reinforced Concrete
Lot Area13,967 sqft (0.32 acres)

Exterior Amenities

Pool TypePool with Hot Tub/Spa
Pool Area108 sqft
PorchOpen Porch
Porch Area2,052 sqft
Deck Area793 sqft
Patio Area1,404 sqft
FenceFence
Canopy174 sqft
Water FeatureWater Feature
Total Buildings2 Buildings

Utilities, Heating & Cooling

Cooling SystemHVAC

Location & Zoning

Account Number1037168
Old Parcel Number01010100036320000000
Street Address506 SOUTH ST
CityKEY WEST
StateFL
Zip33040-3118
Property CategoryCommercial
Property TypeCommercial > Retail > Hotel/Motel
Legal DescriptionKW FILER BOYLE SUB N-476 PT LOT 2 SQR 5 TR 16 H2-570 OR542-1093 OR582-720 OR628-802 OR763-288/289 OR763-290/292 OR579-620/621
Legal Range25E
Legal Township68S
Legal Section06
Legal SubdivisionKW FILER BOYLE SUB
Legal Tract16
Legal Lot Number2
JurisdictionMONROE FL
Census Block Group2
Census Block2017
Census Tract972400

Historic Designation

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

Historic DistrictWithin 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

506 South St, a commercial property, is owned by a company that bought it in August 2013.

Source: Monroe County records, as of November 20, 2023

Owner of RecordCompany Name on File
Mailing Address4747 BETHESDA AVE STE 1100, 1100, BETHESDA, MD 20814-5583
Owner TypeCompany

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

Assessor's Deed Record

Deed NamesName on Deed
Last SaleAug 1, 2013 · Amount on File
Deed SaleAug 1, 2013 · Amount on File
Deed Document Number0002647767
Record UpdatedJun 7, 2026

Tax Assessment & Valuation

Source: Monroe County assessment roll, as of July 1, 2022

Property Jurisdictions

TypeName
StateFlorida
CountyMonroe County
MunicipalityKey West City
Unified School DistrictMonroe County School District (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2022$54,900.00$7,539,885 Land $4,439,223 Building $3,100,662$7,539,885 Land $4,439,223 Building $3,100,662

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

FEMA maps place 506 South St in Zone AE, a high-risk flood area; flood insurance is required for federally backed loans.

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

FEMA Flood ZoneZone AE
high risk
100-Year FloodplainYes
1% annual chance
FloodwayNo
Base Flood Elevation9.0 ft
Flood Insurance RequirementRequired
federally backed loans
Flood Insurance CostPremium on File
median of 180 individual policies
Community Rating SystemClass 5 (25% premium discount)
Nearby Flood Policies228 units insured
incl. 48 condo units
Nearby Flood Claims253 (1980–2022)
Claims Outside the SFHA16 of 253
Most Recent ClaimSep 2022 · Hurricane Ian
Claims by Event
  • Hurricane Irma, Sep 2017 · 28 claims
  • Hurricane Wilma, Oct 2005 · 101 claims
  • Hurricane Georges, Sep 1998 · 38 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 506 South 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 RiskNot 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 917 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
AT&T
Fiber · DSL · Fixed Wireless in parts of the area
5,000 / 5,000
Xfinity
Cable
2,000 / 250
Verizon
Fixed Wireless
300 / 20

May also be available: Hotwire Communications, T-Mobile.

Nearby Properties on South St

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