101 Admirals Lane

Key West, FL 33040 / Old Town - Unrecord (1.0)

MLS ID# 607301 Active
Single Family

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$7,499,000

5 beds

4 baths

******** Garage

3173 sqft

0.33 acres

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• Description
• Location, Tax & Legal
• General Property Description
• Details
• Virtual Tour 1

Description

$500,000 ANNUAL RENTAL INCOME! EXCLUSIVELY LUXURIOUS COMPOUND IN KEY WEST! With its special transient license, The Royal Compound is currently generating $500,000 a year from first-class guests who will accept only the best in vacation homes. What's interesting is that most of the rental income comes from monthly rentals, so you can expect almost as much income without a transient license. This extraordinary home is situated on one of the largest lots (14,183 SF) in Truman Annex and is being offered as the ultimate turnkey property. There are a total of 5 bedrooms and 4 bathrooms: 3 bedrooms and 2 bathrooms in the main house and two 1 bedroom, 1 bathroom private cottages. This expansive property includes a covered seating and dining area under the gazebo, which overlooks the resort-style heated pool and outdoor kitchen. The value of this home is not only its privacy with exotic landscaping, but its ability to generate income when you are away. Schedule your private showing of The Royal Compound to appreciate the uniqueness of this one-of-a-kind property! $500,000 ANNUAL RENTAL INCOME! EXCLUSIVELY LUXURIOUS COMPOUND IN KEY WEST! With its special transient license, The Royal Compound is currently generating $500,000 a year from first-class guests who will accept only the best in vacation homes. What'... show more

Location, Tax & Legal

• Street # 101
• Street Name Admirals
• Street Suffix Lane
• Key/Island Key West
• City KEY WEST
• State/Province FL
• Zip Code 33040
• County Monroe
• Subdivision Old Town - Unrecord (1.0)
• Mile Marker 1
• Area 01 - Key West
• KW Neighborhood Truman Annex
• Marathon Neighborhood N/A
• Side Median
• Flood Zone AE
• Alternate Key # 8772858
• Parcel # 00004590-001001
• Zoning HPRD - Hist Planned Redevelopment & Dev Dist
• Deed Restrictions Unknown
• Legal KW PT SQR 27 (A/K/A LOTS 113 & 114) .3256 AC OR1005-78/128 OR1005-190/01 OR1125-218/20R/S OR1246-241/57WILL OR1132-66/6
• Taxes 44114.77
• Tax Year 2022
• Pub Sewer HkUp Yes

General Property Description

• Realtor.COM Type Residential - Single Family
• Style Single Family
• Waterfront No
• Control Depth 0
• Pool Yes
• Year Built 1994
• Total Units 0
• Lot SqFt 14183
• Acres 0.33
• Living Apx SqFt 3173
• SqFt Source Property Data Card
• Total Bedrooms 5
• Full Baths 4
• Half Baths 0
• Total Baths 4
• Rentals Allowed Yes

Details

• Association Info

  Mandatory Home Owners Asc, 1st Right of Refusal, Association Fee $:1324, Assoc/Mnt Fee Per:Quarterly

• Fee Includes

  Common Area Mnt, Security

• Tax Exemptions

  None

• License Info

  Transient Rntl Licns

• Waterfront

  None

• Waterview

  No Waterview

• Dockage

  None

• Building Style

  Above Flood, Ground Level

• Vehicle Storage

  Carport, Car(s):4+, Covered Parking, Off Street Parking

• Cooling

  Ceiling Fans(s), Central Air, Ductless

• Porch/Balcony

  Deck, Open Porch/Balcony, Screened Patio

• Utilities

  Cable Available, FKAA, Municipal Sewer, Propane

• Interior Features

  Cathedral Ceilings, Fireplace(s), Granite Counter Top, Security System, Smoke Alarms, Window Treatments

• Pre-Wired

  Cable

• Appliances

  Dishwasher, Dryer, Ice Machine, Microwave, Oven, Range, Refrigerator, Stainless Steel Appliance(s), Washer, Other:full house generator

• Exterior Features

  Bar, Fencing, Gazebo, Hot Tub, Lighting, Outdoor Kitchen, Outdoor Shower, Shed, Sprinkler System, Storage

• Pool Info

  In Ground, Other:depth 5', Heated, Concrete, Dimensions:20' x 25' & 19-1/2, Decked

• Construction

  Frame

• Windows/Doors

  Double Hung Windows, French Doors, Impact Rstnce Doors, Impact Rstnce Window

• Shutters

  Panel

• Floor

  Tile, Wood

• Roof

  Metal Roof

• Security

  Manned Gate, Patrolled Area

• Land Size

  1/4 - 1/2 Acre

• Terms

  Cash, Conventional

• Show

  48 Hour Notice, Call List Agent, LA Must Accompany, No Sign on Property

• Financial Status

  No Bank Owned