Exotic Key West Paradise With Its Own Thatched Tiki Hut Hits the Market for $3.3 Million

Nothing says vacation property quite like a home with its very own thatched Tiki hut.

Whether you are looking for an investment property or want to take advantage of the sizzling hot South Florida market, there is plenty of appeal to be found in one newly renovated residence in Key West with an incredible backyard oasis, which has just hit the market for $3.3 million.

After purchasing the delightful dwelling in 2017 for $1,125,000, the current homeowners completely renovated the property, turning it into a vacation paradise complete with pool, turf, and Tiki hut.

“The sellers bought the property in 2017 and did a complete renovation over the next couple of years,” says listing agent Bascom Grooms IV, of Bascom Grooms Real Estate.

“They added the pool and artificial turf. The Tiki hut is being used as a pool house,” he adds. “You could really transform it into anything you wanted. There is also an outdoor shower. What’s really nice is there is a pass-through window that opens up to the covered porch area.”

Island living

Offered fully furnished, the charming residence exudes classic Key West vibes with its double wraparound porches, lush landscaping, and stained-glass window.

Built in 1926, the 2,711-square-foot modernized interior boasts an original wood staircase along with Dade County pine walls, and wood and tile floors.

And there’s plenty of space for friends and family.

“There are five bedrooms, which is a lot for this area,” Grooms says. “Typically, the homes have just three or four.”

An open floor plan features a living room that flows seamlessly into a sunlit dining area. The updated kitchen has modern appliances and a large island with counter seating.

Outdoor space galore

One of the most eye-popping interior features is the third-floor conservatory, which is accessed by steep wooden stairs that lead to a porthole-style opening. The widow’s walk is the prime spot to view the island vistas.

The property comes with a garage, extra storage space, and a “bonus” washer and dryer.

So far, “we have been seeing a lot of out-of-state buyers interested in using it as a second home,” Grooms says of the potential buyers.