We were excited to stay here as it was the #1 rated Key West B&B on tripadvisor. I've stayed previously at the Key West B&B (aka the Popular House), Casa 325 on Duval, and the Bottle Inn. However, overall we were disappointed in the quality of the place and the breakfasts given the price we paid, and compared with some of the other B&B's we've stayed at in Key West and elsewhere.
The location is by far the best attribute, right near the harbor and 2 of my fav restaurants-- Turtle Kraal's and Schooner's Wharf, and an easy walk to Duval and Mallory Square. Also right across from Kermit's Key Lime shop, can't beat that!
The building and grounds are cute enough and typical Key West style, and the pool was nice. However, our room left much to be desired. It wasn't dirty or anything, but felt very old and worn. It was quite dark even with the 2 old lamps on, and it was damp and faintly smelled of mildew throughout our stay even with the AC running. (the tissues and tp for instance felt damp!). The bathroom was ok, the shower felt old and a bit like a dorm shower, and there were a few random holes in the walls there. It was great that there was a refrigerator in the room though, and an overhead fan. THere were doors to a porch upstairs from our room, but oddly the only curtains covering the glass on the doors were extremely sheer white ones, and the porch lights stayed on all night. I slept fine despite that, but I could see the bright light bothering some people. The bed was ok but a bit too soft for me.
Finally, breakfasts had plenty of selections of simple things (toast, bagels, fruit, donuts), but it was all store bought and was more along the lines of the breakfasts we get when staying at La Quinta for example, rather than some of the breakfasts we've gotten at nice B&B's.
Overall it was fine, but well below expectations, and I'd probably stay at the Popular House or Casa 325 or elsewhere next time. I'd rate it 2.5 stars if given the option.