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101 Admirals Lane

Key West, FL 33040
  • $7,499,000
  • STATUS: Active
  • ON SITE: 198 Days
  • MLS #: 607301
UPDATED: 162 min ago
$7,499,000
  • 5
    BEDS
  • 0.33
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,173
    SQFT
  • $2,363
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1994
County:

School Ratings & Info

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!

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Expert Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.keywestexperts.com/homes/145013821
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101 Admirals Lane Key West, FL 33040

  • Price: $7,499,000
  • Status: Active
  • On Site: 198 Days
  • Updated: 162 min ago
  • MLS #: 607301
5
Beds
4
Baths
0
½ Baths
0.33
Acres
3,173
SQFT
$2,363
$/SQFT
1994
Built
Neighborhood:
Truman Annex
County:
Monroe
Area:
01 - Key West
Property 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!
Exterior Features

Above Flood Yes Building Style Ground Level Construction Frame Dockage None Exterior Features BarStorageShedSprinkler SystemOutdoor KitchenOutdoor ShowerLightingFencingHot TubGazebo Land Size 1/4 - 1/2 Acre Pool Info ConcreteIn GroundDecked Pool Info Dimensions 20' x 25' & 19-1/2 Pool Info Heated Yes Pool Info Other depth 5' Pool YN Yes Porch Balcony DeckScreened PatioOpen Porch/Balcony Roof Metal Roof Shutters Panel Side Median Style Single Family Vehicle Storage CarportOff Street ParkingCovered Parking Vehicle Storage Cars 4+ Waterfront None Waterfront YN No Waterview No Waterview

Interior Features

Appliances DishwasherWasherStainless Steel Appliance(s)OvenRefrigeratorRangeMicrowaveIce MachineDryer Appliances Other full house generator Cooling Heating Ceiling Fans(s)DuctlessCentral Air Floor TileWood Furnished Furnished Interior Features Cathedral CeilingsSecurity SystemWindow TreatmentsSplit BedroomSmoke AlarmsGranite Counter TopFireplace(s) Pre Wired Cable Windows Doors Double Hung WindowsImpact Rstnce DoorsImpact Rstnce WindowFrench Doors

Property Features

Assoc Fee 1324.00 Assoc Hoa YN Yes Assoc Maint Fee Per Quarterly Assoc Right Of Refusal Yes Bank Owned No Bank Owned Financial Status No City KEY WEST Control Depth 0 Deed Restrictions Unknown Fee Includes Common Area MntSecurity Flood Zone AE Key West Neighborhood Truman Annex Listing Board Key West Association Mile Marker 1.00 Pets With Restrictions YES Public Sewer Hookup Yes Rentals Allowed Yes Security Manned GatePatrolled Area Sq Ft Source Property Data Card Tax Exemptions None Tax Year 2022 Taxes 44114.77 Terms CashConventional Title Negotiable Transient License Yes Utilities Cable AvailablePropaneMunicipal SewerFKAA Zoning HPRD - Hist Planned Redevelopment & Dev Dist

Listing courtesy of Andrea Otava of Last Key Realty, Inc (KW): (305) 292-6266.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Expert Realty are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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Expert Realty
517 Duval Street #205
Key West FL, 33040