The Shipyard Condominiums are a property about 2 blocks off Duval, but you would never know it by the traffic and people around the area. It's a gated area, which is nice at night, no loud parties wandering through. The condo is small but a perfect size for a couple or a couple with a couple young kids. 4 adults might be a little crowded. We loved the kitchenette. While a little dated, it allowed us to cook breakfast every day, full sized fridge, basic but fast coffee maker, dishwasher, and laundry around the corner. The AC worked well, the beds were comfortable, and the internet was fast.
Only two issues, and one is unavoidable on Key West as a whole. For one, there is a LOT of air traffic during the day. Truman Annex is right in the arrival path, so you're going to hear planes. Can't be avoided really anywhere in old town. Second though is completely avoidable and disappointing. The condo still uses old fashioned keys instead of a code lock. Not the end of the world. But the method for picking up your keys sucks if you arrive after hours and ESPECIALLY after dark. If you're not intimately familiar with Truman Annex you will never find the rental office on your own. After 9 hours of air travel, the LAST thing I wanted to do is drive around trying to find the rental office. I spent 30 minutes trying to find it before I finally got a sympathetic gate attendant that rode his bike to where it was. I had driven by it three times. Instead of giving you a map with a pinpoint they give you a paragraph of directions. While the directions are probably fine during the day, the office and the area around it is pitch black at night, and the house numbers and building numbers on Emma street are not related. So for the sake of future guests, please: SEND A MAP WITH A PINPOINT instead of directions.
Other than the checkin process though, we could not have been happier.