48 Merganser Ln, Key West, FL 33040
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Property image
FOR SALE

48 Merganser Ln
Key West, FL 33040

  • 2 Beds
  • 1.5 Baths
  • 780 sqft

$640,000

Original price: $660,000
Est. Mortgage $4,255/mo*
Get Pre-Qualified

$640,000

Original price: $660,000
Est. Mortgage $4,255/mo*
Get Pre-Qualified
2 Beds
1.5 Baths
780 sqft

Local Information

  • Map ViewExplore the area around 48 Merganser Ln.
  • Schools1 Preschool School2 Elementary Schools1 Middle School2 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Description

An easier way to own in Key West. This 2-bedroom, 1.5-bath townhome in the Key West Golf Club gated community offers the simplicity, flexibility, and lifestyle many island buyers are looking for. Whether you want a lock-and-leave second home, a seasonal retreat, a rental-supported investment, or a manageable year-round residence, 48 Merganser Lane gives you a practical path to Key West ownership.The efficient two-story layout separates living and sleeping spaces, while the private outdoor area extends the home's usable living space and creates an easy indoor-outdoor flow. Impact windows add peace of mind, storm protection, and everyday convenience for owners who want a more secure, low-maintenance island home base.Instead of taking on the upkeep demands of a traditional single-family home, you can enjoy a low-maintenance setting with access to resort-style community amenities, including two pools, a fitness center, lush tropical grounds, walking paths, and maintained common areas.The location adds to the appeal. From the Key West Golf Club, you are within easy reach of Old Town, marinas, dining, shopping, entertainment, and the airport, making it convenient for both owners and guests. The community setting offers a quieter residential feel while still keeping the full Key West lifestyle close by.With its manageable size, established community, outdoor living space, rental flexibility, impact windows, and strong lifestyle appeal, 48 Merganser Lane is not just a place to stay in Key West. It is a smart, easy-to-enjoy island home base designed for the way many buyers want to own today.

Home Highlights

Parking
Open Parking
Outdoor
Porch, Pool
View
No Info
HOA
$510/Monthly
Price/Sqft
$821
Listed
180 days ago

Home Details for 48 Merganser Ln

Interior Features

Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 780 Square Feet
Appliances & Utilities
Utilities: FKAA, Cable AvailableAppliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, DryerDishwasherDryerMicrowaveRefrigeratorWasher
Heating & Cooling
Has CoolingAir Conditioning: Central Air,Ceiling Fans(s)
Gas & Electric
Electric: Elect Separate Meter
Windows, Doors, Floors & Walls
Flooring: Tile, Laminate
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoFloors: Tile, Laminate
Security
Security: Gated with Guard, Patrolled Area
Room & Shared Space
Shared space is furnished

Exterior Features

Exterior Home Features
Roof: MetalPatio / Porch: Open Porch/BalconyHas a Private Pool
Parking & Garage
No CarportNo GarageNo Attached GarageHas Open ParkingParking Spaces: 2Parking: Open,Guest
Pool
Pool: Heated, In Ground, Decked, ConcretePool
Frontage
Waterfront: None, Dockage: NoneNot on Waterfront
Water & Sewer
Sewer: Community Swr Plant, Public Sewer

Days on Market

Days on Market: 180

Property Information

Year Built
Year Built: 1995
Property Type / Style
Property Type: ResidentialProperty Subtype: Townhouse, Residential - Condo/TownhouseArchitecture: Townhouse
Building
Construction Materials: Frame, Hardi Board Siding
Property Information
Parcel Number: 00072081000124

Price & Status

Price
List Price: $640,000Price Per Sqft: $821

Active Status

MLS Status: Active

Location

Direction & Address
City: Key WestCommunity: Key West Golf Club Dev (4.0)

Agent Information

Listing Agent
Listing ID: 617995

Community

Community Features: Pool, Fire Hydrant, Manager on Premises, Clubhouse

HOA

HOA Fee Includes: Cable TV, Security, Maintenance GroundsAssociation for this Listing: Key West AssociationHas an HOAHOA Fee: $510/Monthly

Lot Information

Lot Area: 1306.8 sqft

Offer

Listing Terms: Cash, VA Loan, Conventional

Rental Terms, Policies & Fees

Furnished

Miscellaneous

Mls Number: 617995Water View: None

Additional Information

PoolFire HydrantManager on PremisesClubhouse
Last check for updates: about 5 hours ago
Listing courtesy of Jose Wenzel, PA, (305) 395-1381
Preferred Properties (KW)
Philip Lawrence Lavoie, (317) 292-4423
Preferred Properties (KW)
Originating MLS: Key West Association
Source: FLKMLS, MLS#617995
Also Listed on FLKMLS, Key West AOR, Key West AOR.

Market trends in Key West

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.2M
$61.67KMoM
Sale-to-List Price
94.9%
0.4%MoM
Price per sq ft
$940
$14MoM
Available listings
304
28MoM

Price History for 48 Merganser Ln

DatePriceEventSource
06/30/2026$640,000PriceChange
FLKMLS #617995
03/18/2026$660,000PriceChange
Key West AOR #617995
02/04/2026$685,000PriceChange
Key West AOR #617995
01/08/2026$690,000Listed For SaleFLKMLS #617995
08/01/2025$689,000ListingRemovedFLKMLS #613747
07/03/2025$3,500ListingRemovedZillow Rentals
06/30/2025$3,500PriceChange
Zillow Rentals
06/12/2025$3,700PriceChange
Zillow Rentals
06/06/2025$3,800Listed For RentZillow Rentals
05/23/2025$689,000PriceChange
FLKMLS #613747
02/17/2025$773,000Listed For SaleKey West AOR #613747
07/19/2023$688,000Sold
FLKMLS #604240
05/02/2023$699,000ContingentMLKAR #604240
04/24/2023$699,000PriceChange
MLKAR #604240
03/29/2023$720,000PriceChange
FLKMLS #604240
02/18/2023$750,000Listed For SaleFLKMLS #604240
07/13/2021$460,000Sold
N/A
09/05/2019$417,500Sold
N/A
09/03/2019$425,000PendingToActiveAgent Provided
08/02/2019$425,000PendingAgent Provided
07/21/2019$425,000Listed For SaleAgent Provided
02/15/2019$380,000Sold
N/A
02/15/2019$399,000PendingToActiveAgent Provided
12/26/2018$399,000PendingAgent Provided
12/06/2018$399,000PendingToActiveAgent Provided
10/11/2018$399,000PendingAgent Provided
10/03/2018$399,000Listed For SaleAgent Provided
06/26/2015$315,000Sold
N/A
11/15/2012$272,500Sold
N/A
03/06/2003$249,000Sold
N/A

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Property Tax and Assessment

Year2025
Tax$4,608
Assessment$491,666
Home facts updated by county records

Comparable Sales for 48 Merganser Ln

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
48 Kingfisher Ln, Key West, FL
0.19
Townhouse
$620,000
02/17/26
2
1.5
780
18 Golf Club Dr, Key West, FL
0.11
Townhouse
$690,000
05/20/26
2
2.5
900
82 Golf Club Dr, Key West, FL
0.25
Townhouse
$640,000
08/11/25
2
1.5
836
3 Spoonbill Way, Key West, FL
0.26
Townhouse
$675,000
10/15/25
2
1.5
836
2 Merganser Ln, Key West, FL
0.08
Townhouse
$635,000
11/06/25
2
1.5
780
8 Kestral Way, Key West, FL
0.26
Townhouse
$599,000
04/13/26
2
1.5
816
119 Golf Club Dr, Key West, FL
0.24
Townhouse
$545,000
12/17/25
2
1.5
780
45 Spoonbill Way, Key West, FL
0.30
Townhouse
$650,000
04/15/26
2
2
900
161 Golf Club Dr, Key West, FL
0.31
Townhouse
$525,000
09/30/25
2
1.5
780
107 Golf Club Dr, Key West, FL
0.23
Townhouse
$540,000
01/08/26
2
1.5
780

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 48 Merganser Ln.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Key West

At least 266 Trulia users voted on each feature.

  • 88 % Say it's dog friendly

  • 83 % Say people would walk alone at night

  • 77 % Say it's walkable to restaurants

  • 74 % Say there are sidewalks

  • 69 % Say streets are well-lit

  • 69 % Say it's walkable to grocery stores

  • 68 % Say yards are well-kept

  • 65 % Say there's holiday spirit

  • 65 % Say it's quiet

  • 54 % Say parking is easy

  • 52 % Say kids play outside

  • 51 % Say they plan to stay for at least 5 years

  • 49 % Say there's wildlife

  • 46 % Say neighbors are friendly

  • 44 % Say car is needed

  • 44 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Gene Graham
    "I’ve lived in this neighborhood for the past seven years. It is close to the airport and Stock Island."
    0
    Flag
  • Ken
    "Walking or bike riding, and extremely bicycle, friendly town! Walking, golf carts, scooters, and bicycles are all very popular here."
    0
    Flag
  • David Atkinson
    "I so look forward to getting to Key West. I volunteer at the Tropic and love it. It feels like home."
    0
    Flag
  • Trulia User
    "Dogs are welcomed at 90% of the restaurants. Everyone will remember your dogs name but not yours! I love living here with my dog Jack."
    0
    Flag
  • Angela Garcia
    "It’s a small town with little bar life so it would be relatively safe. There is a high school a block away "
    1
    Flag
  • Trulia User
    "Key West is a huge dog community. They even are allowed in some restaurants . When I walk my dog on the main tourist street (Duval St) I get stopped many times from people wanting to pet my dog. A group of dog owners meet up at the park in the morning every day."
    0
    Flag
  • Bawsnack
    "Themed bike rides, parades, fairs, boat races. There is also a bundle of free activities to do when you are a local on first Sunday of every month downtown"
    0
    Flag
  • Sgarvin3281
    " Bikes are all you need small island. Safe and secure. No commute I do t work here it is a vacation community."
    0
    Flag
  • Trulia User
    "I ride my bicycle to and from work. It is uneventful but there are natural barriers.t some of the streets are not well lit."
    0
    Flag
  • Trulia User
    "It’s a great neighborhood, we absolutely love having the opportunity to be able to live here!! We don’t have young kids so can’t really express things that are impt for them to know!!"
    1
    Flag
  • Trulia User
    "Everywhere dogs are welcome here in key west, Florida. Come joining us here in key west. Most food and service places, boats, and entertainment venues are good with dogs."
    0
    Flag
  • Trulia User
    "It’s a great community there is tourism so there can be alot of people traffic but for the most part everyone is in good spirits."
    0
    Flag
  • Nancy S.
    "So beautiful here everyone calls it paradise! The most relaxing place I have ever been. Welcome to your new Key West Home!(Gieger Key, 10 minutes from Key West downtown) . Make sure you visit all of the wonderful attractions, especially the butterfly garden and don't forget to stop at Gieger Key Marinal for a wonderful meal."
    1
    Flag
  • Trulia User
    "Sunset Carnival and walkability. Beautiful houses and sidewalks. Many houses have gardens and are very well maintained. "
    0
    Flag
  • Trulia User
    "too many festivals to name. There's always something going on Old Town and then come on it's Duvall Street crying out loud mark this would not be a family neighborhood. It's definitely an easy rental"
    0
    Flag
  • Trulia User
    "Feels very safe, super clean, super walkable in old town, and Catholic school looks very vibrant. "
    0
    Flag
  • Trulia User
    "Very beautiful, most people are really nice and cordial. Also very walkable to shops, the marina, and restaurants/bars. But I am just visiting and walking around for a few days."
    0
    Flag
  • Trulia User
    "Great people, great neighborhood, great police, family friendly events. Lots of things to do within a decent drive. Very family friendly generally "
    0
    Flag
  • Trulia User
    "I love my neighborhood I have lived here since 1976 and my husband since 1951. Love that it’s easy to get around."
    0
    Flag
  • Nicholas B.
    "Great place to live; expensive though. Base housing so you give up all your BAH but worth it in this area. "
    0
    Flag
  • Key W. B. F.
    "Gatherings on the local Mangia Mangia bench at 900 Southard street, safe & friendly town. Feel connected & welcomed in Key West. Enjoy the peaceful neighborhood & the tropical weather! You can walk or bike to everything you need & want!"
    0
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  • Mari.lindsley
    "I've lived here for 2 years and enjoy the walkability to local theatres and restaurants. There's a strong homeless contingency that detracts from the seaport. But you can't blame them for wanting to be in paradise."
    11
    Flag
  • Rechele M.
    "Easy compared to city life! 25 minutes max to get from one end of the island to the other in 5 o’clock traffic."
    0
    Flag
  • Kfowler
    "I am not currently aware of any neighborhood events that would bring the neighbors closer. However, both my husband and I would be open to any such event that would do so and would improve the neighborhood. The area is beautiful and well maintained, with a few exceptions. "
    2
    Flag
  • Tom
    "There are many festivals and events that include the Key West Historic Harbor. Venues include Schooner Wharf, Waterfront Brewery, The Marker, etc.."
    2
    Flag
  • Hannah B.
    "Vintage Cottage houses, small island feel, Duval Street in a few minutes with hundreds of worldly trendy restaurants "
    6
    Flag
  • Coltonbutler15
    "I grew up in this neighborhood, There have been many upgrades to the neighborhood that have made it more appealing to families with children. "
    12
    Flag
  • MisterE
    "Bicycles, electric golf carts and scooters are the most popular. Although many people still drive cars the island is small so you never have far to go. "
    0
    Flag
  • Caleb G.
    "My neighborhood has the small town vibe mixed with a little party. I love how historic Key West is and how well the history is kept alive. "
    3
    Flag
  • MisterE
    "Great place to raise a family, although we sort of live in a bubble. Kids need to understand how things are in the real world and that’s sometimes difficult to teach. "
    0
    Flag
  • Romero7648
    "Neighbor is downtown and free transportation in immediate vicinity. Many establishments will provide employee discount if you live in the area. "
    0
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  • Oshry B.
    "open area very friendly neighborhood and neighbors you will love it and your dog would love it even more"
    0
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  • Bwruble
    "Tourist don’t clean up after their dogs, but locals do. This is a wonderful neighborhood. Gecko lane is especially beautiful and very private. "
    1
    Flag
  • Ctmortman
    "Perfect place for dogs. There are several dog pearls on the island and some restaurants are pet friendly. I own a dog watching business on Marco Island...a service much needed there"
    2
    Flag
  • Carib28
    "Many places to walk your pet and meet people. It’s also very beautiful with hummingbirds and lovely butterflies."
    0
    Flag

LGBTQ Local Legal Protections

Jose Wenzel, PA, Preferred Properties (KW)
Agent Phone: (305) 395-1381
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.
48 Merganser Ln, Key West, FL 33040 is a 2 bedroom, 2 bathroom, 780 sqft townhouse built in 1995. This property is currently available for sale and was listed by FLKMLS on Jan 8, 2026. The MLS # for this home is MLS# 617995.