525 Simonton Street

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

MLS ID# 605219 Active
Residential Income

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$8,999,000

0.19 acres

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• Description
• Location, Tax & Legal
• General Property Description
• Details
• Video 1

Description

Exclusive opportunity to own one of the largest TRANSIENTLY licensed properties in Old Town Key West. 11 Br, 11Ba, 2 pools, 2 transient licenses, and off street parking for 4+ vehicles. The Watson House is Located centrally on Key West's most iconic street and only 1 block off Duval street. The Grand Estate is comprised of a 7 Bedroom Mansion and a 4 bedroom Villa. Each home offering a private pool. The mansion was refitted by a local designer in July 2022, including fresh paint and new furniture. Upon entering the mansion you will be greeted with 12 foot soaring ceilings, 2 first floor guest rooms with bath, parlor, living room, dining room and kitchen. The kitchen opens up to a private pool with decking and lounge chairs. A large family style outdoor table is provided for dining al fresco. Going back inside you will take the Victorian staircase to the second floor. On the second floor you will find 4 bedrooms with en suite baths. The front primary suite offers a private balcony overlooking Simonton Street. A secondary balcony is provided for the rear primary suite overlooking the pool. Take the spiral staircase to the third floor and you will discover a large third floor private suite. Bright and airy the suite provides a living room, wet bar and balcony overlooking the pool. All three floors can also be accessed by exterior and interior staircases. Going back into the parking area, you will take a side entrance to the villa. The villa was renovated to the studs in 2014 with modern and sleek finishes. The villa offers 4 bedrooms and 4 baths, full kitchen, living room, private pool and outdoor bar. The 2 transient licenses give versatility for the property to be rented as an 11 bedroom and 11 bath estate or rented separately as a 7br main house and 4br villa. There are very few large estates in Key West which gives way to its popularity, advance bookings and returning guests each year. Exclusive opportunity to own one of the largest TRANSIENTLY licensed properties in Old Town Key West. 11 Br, 11Ba, 2 pools, 2 transient licenses, and off street parking for 4+ vehicles. The Watson House is Located centrally on Key West's most iconic... show more

Location, Tax & Legal

• Street # 525
• Street Name Simonton
• Street Suffix Street
• Key/Island Key West
• City KEY WEST
• State/Province FL
• Zip Code 33040
• Subdivision Old Town - Unrecord (1.0)
• Mile Marker 1
• County Monroe
• Area 01 - Key West
• KW Neighborhood Old Town-N of Truman
• Marathon Neighborhood N/A
• Side Median
• Alternate Key # 00009240-000000
• Parcel # 00009240-000000
• Zoning HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl
• Taxes 53415.76
• Tax Year 2022

General Property Description

• Realtor.COM Type Commercial
• Style Residential Income
• Lot Size 61x139
• Lot SqFt 8269
• Waterfront No
• Control Depth 0
• # Parking Spaces 4+
• Off Street Parking Yes
• # Stories 3
• Building SqFt 4295
• SqFt Source Property Data Card
• Year Built 1889
• Total Bedrooms 11
• Full Baths 11
• Half Baths 0
• Total Baths 11

Details

• Deed Restrictions

  No

• License Info

  # of City License:2, # of County License:2, # of Transient Licns:2

• Association Info

  No Mandatory Home Owners Asc, No 1st Right of Refusal

• Type

  Hotel/Motel

• Waterfront

  None

• Waterview

  No Waterview

• Dockage

  None

• Vehicle Storage

  Car(s):4+, Off Street Parking

• Utilities

  FKAA

• Interior Features

  Cathedral Ceilings, Furnished, Wet Bar, Window Treatments

• Appliances

  Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer

• Miscellaneous

  Fencing, Pool, Storage

• Construction

  Frame

• Land Size

  Less Than 1/4 Acre

• Fee Includes

  None

• Show

  Call List Agent

• Property Rights

  Transient License

• Financial Status

  No Bank Owned, No Potential Short Sale