Shipyard Condominiums is a condominium community located within the historic Truman Annex neighborhood in Key West, Florida (ZIP 33040). Part of the former naval base redeveloped in the 1990s, Shipyard features multi-family homes popular as vacation rentals and permanent residences. The community emphasizes verdant landscaping, mature trees, a lovely park, and a popular community swimming pool, creating a tranquil yet convenient setting just blocks from Duval Street and near Fort Zachary Taylor State Park Beach. Shipyard operates as its own condominium association, distinct from but closely collaborating with the Truman Annex Master Property Owners Association on overall maintenance of the Truman Annex complex.
HOA Fees and Financial Obligations Monthly HOA dues for Shipyard condos are substantial, reflecting the high costs of insurance (including windstorm and flood coverage), maintenance, and amenities in coastal Key West. Reports indicate dues around $1,085 per month in 2022, increasing to approximately $1,625 by early 2023, with potential special assessments for major repairs. Dues typically cover building insurance, common area upkeep, landscaping, and pool maintenance. Owners should review the latest FAQs and financials via the management portal for current figures and any upcoming assessments.
Rules and Regulations The association maintains detailed Rules and Regulations (revised August 2024), covering pet policies (registration required, specific breed/size limits), parking (assigned spaces with permits, maps available), unit use (notification for rentals or changes), and architectural modifications. Short-term rentals are popular due to transient licenses but face restrictions, with some properties shifting toward monthly rentals starting 2026. Pet rules emphasize responsible ownership in the shared community. All documents, including the full declaration, bylaws, pet forms, and parking permits, are available on the official site. Compliance ensures the community's quiet, well-maintained character.
Community Amenities and Lifestyle Residents enjoy a gated, secure environment with a community swimming pool, mature landscaping, and access to Truman Annex's park-like setting. The lifestyle blends historic charm with modern convenience—walkable to Old Town attractions, waterfront parks, and beaches while offering a peaceful retreat. Vacation rentals thrive here, supported by the prime location. The community fosters a collaborative atmosphere through board meetings (often via Zoom) and shared maintenance efforts with the master association.
Notable Aspects Shipyard stands out for its integration into Truman Annex's historic fabric, proximity to key Key West landmarks, and strong focus on insurance coverage amid Florida's coastal risks. The separate yet cooperative governance structure allows tailored condo management alongside broader neighborhood upkeep. Recent projects include pool deck improvements and landscaping enhancements.
Management Company: Community Association Company (CAC) Phone: 305-296-0556 Email: Details not publicly available (contact via website form) Website: https://www.cackw.com/association/shipyard-condominiums/ Address: 520 Southard St, Key West, FL 33040 Board members include President Craig Tellerd, Vice President Jack Agnew, Secretary Phil Babuder, Treasurer Francine LeCompte Gittins, and Director Glenn Krauss. Additional board contact via CAC offices.