Aerial view of Carletons Compound

Carletons Compound
Homes for Sale in Key West, FL

All 228 homes for sale in Key West, FL · median $1,100,000 · 227 homes for sale in 33040 · Monroe County homes for sale

Community in Key West · Monroe County · ZIP 33040
191 homesBuilt 1908–2024
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Built fromLive Florida Keys MLS data27 years of closingsFL DOR public recordsUpdated twice daily

Nearby homes for sale

No active listings inside CARLETONS COMPOUND right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.

714 Olivia Street ## 6
$1.23M · 0.1 mi away
1 bd · 1 ba
714 Olivia Street ## 6
Listed by Key West Sales, LLC
728 Poor House Lane
$3.30M · 0.1 mi away
3 bd · 2 ba
728 Poor House Lane
Listed by Realty 100
709 Olivia Street
$1.40M · 0.1 mi away
2 bd · 3 ba
709 Olivia Street
Listed by Bascom Grooms Real Estate (KW)
818 Elizabeth Street #Front
$899K · 0.1 mi away
3 bd · 3 ba
818 Elizabeth Street #Front
Listed by Berkshire Hathaway HomeServices Knight & Gardner Realty
711 Galveston Lane
$1.20M · 0.1 mi away
3 bd · 2 ba
711 Galveston Lane
Listed by Sunshine State Realty Services
906 Truman Avenue #2
$779K · 0.1 mi away
2 bd · 2 ba
906 Truman Avenue #2
Listed by Keller Williams Key West Compass Realty

Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.

CARLETONS COMPOUND key facts
LocationKey West, Monroe County, FL · ZIP 33040, 33041
Homes in the community191 (FL DOR 2025 assessment roll)
Years built1908–2024 (median 1938)
Typical living area1,207 sq ft (median)
Owner-occupied (homestead) share40%

Data as of September 20, 2026. Listing data provided by Florida Keys MLS, Inc. Information is deemed reliable but is not guaranteed by the MLS to be accurate; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “CARLETONS COMPOUND key facts,” movewithmomentum.com/neighborhoods/carletons-compound, data as of September 20, 2026.

Live · Carletons Compound Housing Pulse Florida Keys MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 10,000+ customers served · Top 1% in Florida (RealTrends)
Ownership and context
40%
Owner-occupied · Carletons Compound
77 of 195 parcels homesteaded (FL DOR 2025)
60%
Non-owner-occupied · Carletons Compound
incl. 25% trust or LLC-held · 35% out-of-state
191
Homes in the community
plus 4 vacant residential lots · 195 residential parcels (FL DOR 2025)
Track record · 27 years of records
21
Recorded sales · 2024-2025
median $1.55M · qualified sales on the county roll (FL DOR 2025)
Est. 1908
Community established
homes built 1908-2024, median 1938 (FL DOR 2025)

The market around Carletons Compound

Carletons Compound is too small for its own price trend, so here is the market around it.

In ZIP 33040, 344 homes are on the market and 15% are under contract — a slower corner of Key West.

Across Monroe County, 1,268 homes are active and 244 pending (16% under contract).

ZIP and county figures describe the wider market, not Carletons Compound specifically. Momentum Research analysis of MLS records.

Housing distress & ownership in CARLETONS COMPOUND, Key West

Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.

Active inventory in distress
0.0%
0 of 23 listings
Distress share trend — 0.0% now (2026-09-14 → 2026-09-19)

Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Listing data provided by Florida Keys MLS, Inc. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.

If we were buying in Carletons Compound today, this is the order of operations we would run for our clients.

1

Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Carletons Compound.

A closer look at the Carletons Compound market

The housing stock is 191 homes built between 1908 and 2024, and 40% of parcels are homesteaded — the owner-occupancy proxy in the Florida DOR assessment roll.

The location and the amenities are priced into every listing in Carletons Compound. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

HOA, CDD & Fees

A note on who we are: Momentum Realty is a real estate brokerage. We are not the Carletons Compound homeowners association, its management company or its developer, and we cannot help with dues, gate access, violations, amenity bookings or association documents. To reach the association, check your closing package, the recorded declaration at the county clerk, or search the association’s name at sunbiz.org for its registered agent. Call or message us to buy or sell a home in Carletons Compound.
In short
  • HOA status not on record. Verify any dues before you offer
  • Any club/amenity membership is billed separately

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Carletons Compound sales matched to your home.

What is your Carletons Compound home worth?

Get a no-obligation home value based on real comparable sales in Carletons Compound, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

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Real comps, not an automated estimate.

Frequently Asked Questions

How many homes are in Carletons Compound?
The Florida DOR 2025 assessment roll shows 191 homes plus 4 vacant residential lots in Carletons Compound (public records).
What share of Carletons Compound is owner-occupied?
40% of Carletons Compound parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in Carletons Compound built?
Homes in Carletons Compound were built between 1908 and 2024, with a median year built of 1938 (FL DOR 2025 roll).
Who is the best real estate agent for Carletons Compound?
The best agent for Carletons Compound is one who actively works Key West and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Carletons Compound.
How do I find a top Key West real estate agent who knows Carletons Compound?
Share a few details in the form on this page. Momentum Realty has 320+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Carletons Compound and the wider Key West area.
Can Momentum Realty connect me with an agent for Carletons Compound?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Carletons Compound purchase or sale - no call center and no pressure.
Where is Carletons Compound, and what county is it in?
Carletons Compound is in Key West, Monroe County, FL, ZIP codes 33040, 33041.

Data sources & freshness

Housing stock & ownershipFlorida DOR assessment roll (street-list match (2 streets, ZIP 33040/33041))
Under-contract sharesFlorida Keys MLS records, as of 2026-09-20
Historical depthClosed-sale records back to 1999 (18 transactions analyzed)

Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.

Momentum Research figures are our own analysis of Florida Keys MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.

Own a home here?

You just read the data. Now see what your home is worth.

The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Florida Keys MLS member average and 8 days faster, and we’ll price yours against live local comps.

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Nearby Communities

Explore more neighborhoods near Carletons Compound with Momentum Realty’s local guides.

Windward Park0.1 mi away · median $1.05M, 3 sales/12 moInvestment Co0.2 mi awayGg Watson0.2 mi away · median $1.58M, 4 sales/12 moDuval Square0.2 mi awayGardens Of0.2 mi away · 60 homes, built 1913–24Fogarty Harris0.3 mi awaySouthard Square0.3 mi awayDelancey Hall Condominium0.3 mi away

Browse all neighborhood guides →

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